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AmeraMex International Reports Third Quarter and Nine-Month Financials for the Period Ended September 30, 2025
Newsfileยท 2025-11-17 14:50
Core Insights - AmeraMex International reported significant improvements in financial performance for the third quarter and nine-month period ended September 30, 2025, with notable increases in revenue and net income [2][6][4]. Financial Performance - **Third Quarter Results**: Revenue reached $3.9 million, up from $1.9 million, with a gross profit of $438,927 compared to a loss of $(1.2) million in the same quarter last year. The gross margin improved to 13% from -4% [6][10]. - **Nine-Month Results**: Total revenue for the nine-month period was $9.8 million, an increase from $9.0 million, with gross profit rising to $1.7 million from $1.2 million. The gross margin also improved to 22% from 16% [6][4]. - **Net Income**: The company reported a net income of $208,641 for the third quarter, compared to a net loss of $(1.0) million in the previous year. For the nine-month period, net income was $549,791, a significant turnaround from a net loss of $(478,790) [6][4]. Operational Highlights - The CEO indicated a positive outlook for the company, citing ongoing activity in core markets and anticipation of significant orders in the near future. The acquisition of fourteen used container handlers for refurbishment is expected to enhance sales and profitability [2][4]. - The company is actively sourcing used equipment to meet market demands, which is projected to yield higher margins and expand marketing reach [2][4]. Balance Sheet Overview - **Current Assets**: Increased by $3.6 million to approximately $13.1 million, while total assets rose by $469,547 [11][13]. - **Liabilities**: Current liabilities decreased by $90,880, and total liabilities were down $80,094, aided by reductions in notes payable [11][14]. Stockholder Equity - Stockholders' equity increased to $3.09 million as of September 30, 2025, compared to $2.54 million at the end of 2024, reflecting the company's improved financial performance [17].