AMMX.34.THE BIGGEST NEWS I HAVE EVER SEEN.PLEASE READ.
.11 CENTS PPS EARNING.AT 15 TIMES EARNINGS=$1.65 PER SHARE.AT 10 P/E=$1.10 PPS.THE STOCK IS AT .34???????THE CHEAPEST PENNY STOCK ON THE PLANET.AND FULLY SEC REPORTING COMPANY.INSIDERS OWN MOST OF THE STOCK.FLOAT IS ONLY 6,5 MILLION.
AmeraMex International Reports Revenue of $24.7 million for the Year Ended December 31, 2021
Net income for the year was $1.6 million compared to net loss of ($.583) million for the comparable 2020 year-end. Earnings
per share were $0.11 compared to a loss per share of ($0.04).
Shareholder Conference Call March 31, 2022, at 8:30 a.m. Pacific
CHICO, CA –March 31, 2022 – AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment for logistics
companies, infrastructure construction, and forestry conservation, reported financial results for its year ended December
31, 2021.
AmeraMex CEO Lee Hamre commented, “Last year was an excellent year for AmeraMex. Over the course of the last twelve
months, we have enjoyed significant revenue growth and a much-improved bottom line. The new policies and procedures
have not only increased our profitability but have allowed us to eliminate debt and clean-up our balance sheet.
“We are just tying up the first quarter and have reported sales of approximately $6.8 million. It is important to note that sales
do not convert into revenue until the equipment is shipped to the customer. We expect to announce first quarter results
for the quarter ended March 31, 2022 by mid-May if not before. We are off to a good start and expect to report another
outstanding year.”
Statement of Operations for the Year Ended December 31, 2021
The company reported revenue of approximately $24.7 million, a 101 percent increase when compared to revenue of
approximately $12.3 million for the year ended December 31, 2020. The first six months of revenue for 2020 was adversely
affected by the COVID pandemic. Sales increased significantly during the last six months of 2020.
Gross profit for the year was $5 million, a significant increase when compared to gross profit of $1.8 million for the 2020
year-end. Gross profit margins for 2021 were affected by a $4.5 million shipment of new equipment carrying three percent
margins. Sales of new equipment are important to the Company as the customer’s replacement equipment can be purchased
inexpensively and refurbished for resale to other customers. Refurbished equipment carries much higher profit margins.
Gross profit as a percentage of sales, was 20 percent for the year compared to gross profit as a percentage of sales of 14
percent to the 2020 year-end, a 30 percent increase.
The Company reported net profit from operations of $3.2 million for the year, a substantial increase when compared to net
loss from operations of $(.059) million for the comparable 2020 year-end.
Net income for the year was $1.6 million compared to net loss of ($.583) million for the comparable 2020 year-end. Earnings
per share were $0.11 compared to a loss per share of ($0.04).
Balance Sheet for the Year Ended December 31, 2020
Total Assets were reduced $1.7 million but cash was up approximately $0.600 million. The reduction in assets was due in part
to the reduction of equipment in the rental pool and other inventory items. Total liabilities for the period have decreased
$3.6 million as the lines of credit were paid down approximately $2.5 million and Notes Payable (net of current portion) were
reduced approximately $0.500 million.
Conference Call
AmeraMex International, Inc. CEO Lee Hamre is hosting the Company’s year-end 2021 financial conference call on
Thursday, March 31, 2022 at 8:30 a.m. Pacific Time, 11:30 a.m. Eastern Time. Hamre commented, “I hope all shareholders
will join us as we will be discussing the best year in the history of the company. We are off to a good start and look forward
to another history-breaking year.
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