AmeraMex International Achieves $5.6 Million in Revenue for the First Quarter 2025 Revenue of $5.6 Million, A Notable 46 Percent Increase Over Comparable Quarter
Chico, California--(Newsfile Corp. - May 28, 2025) - AmeraMex International, Inc. (OTC Pink: AMMX), a leading provider of heavy equipment solutions for logistics, infrastructure construction, and forestry conservation, today announced its financial results for the first quarter ended March 31, 2025.
Strong Start to the Year
AmeraMex International reported revenue of approximately $5.6 million, reflecting a 46 percent increase compared to revenue of $3.3 million for the first quarter of 2024.
Gross profit for the quarter improved to $629,243, a substantial turnaround from a gross loss of $(148,268) in the comparable quarter of the prior year.
The company posted a profit from operations of $256,209, a significant recovery from an operating loss of $(546,753) in the first quarter of 2024.
Navigating Challenges While Strengthening Performance
Net loss for the quarter was $(30,691), a notable improvement from the net loss of $(436,343) recorded in the same period last year. The net loss for the first quarter of 2025 was primarily attributable to net interest expenses totaling $629,031.
Loss per share remained stable at $(0.00), compared to a loss per share of $(0.03) in the corresponding quarter of 2024.
Balance Sheet Highlights
As of March 31, 2025, AmeraMex reported total assets of $17.9 million, with key changes including:
A $1.9 million increase in Accounts Receivable, reflecting strong revenue generation.
A $4.8 million decrease in Inventory, signaling efficient asset management.
A $3.1 million increase in the value of Rental Equipment, reinforcing operational growth.
Total liabilities for the quarter stood at $15.7 million, including:
A $1.4 million increase in Accounts Payable.
A $2.0 million decrease in Deferred Revenue.
A $2.5 million increase in Notes Payable (net of current portion).
AmeraMex International remains focused on growth, operational efficiency and delivering value to its shareholders as it builds this momentum in the coming quarters.
Financial Tables Follow AMERAMEX INTERNATIONAL, INC. STATEMENTS OF OPERATIONS
MARCH 31, 2025
MARCH 31, 2024
REVENUES
Sales of Equipment and Other Revenues
$
3,808,208
$
2,817,577
Rentals and Leases
770,547
462,172
Total Sales
4,578,755
3,279,749
COST OF SALES
Sales of Equipment and Other Revenues
3,421,197
3,237,301
Rentals and Leases
498,315
190,716
Total Cost of Sales
3,919,512
3,428,017
GROSS PROFIT
659,243
(148,268
)
OPERATING EXPENSES
Selling Expense
157,673
129,642
General and Administrative
245,361
268,843
Total Operating Expenses
403,034
398,485
Profit From Operations
256,209
(546,753
)
OTHER INCOME (EXPENSE)
Interest Expense, net
(629,031
)
(167,188
)
Gain (Loss) on Sell of Asset
124,848
-
Loss from Early Extinguishment of Debt
-
-
Other Income
200,017
99,373
Total Other Expense
(304,166
)
(67,815
)
INCOME BEFORE PROVISION for INCOME TAXES
(47,957
)
(614,568
)
PROVISION for INCOME TAXES
(17,266
)
(178,225
)
NET INCOME
$
(30,691
)
(436,343
)
Weighted Average Shares Outstanding:
Basic
14,829,155
14,829,155
Diluted
14,829,155
14,829,155
Earnings per Share
Basic
$
0.00
-0.03
Diluted
$
0.00
-0.03
AMERAMEX INTERNATIONAL, INC. BALANCE SHEETS
MARCH 31, 2025
DECEMBER 31, 2024
ASSETS
Current Assets:
Cash
$
549,484
$
163,507
Accounts Receivable, Net
2,779,822
851,985
Inventory, Net
6,397,215
11,131,882
Other Current Assets
99,799
223,947
Total Current Assets
9,826,320
12,371,321
Non-Current Assets:
Property and Equipment, Net
534,868
870,355
Rental Equipment, Net
5,965,871
2,893,592
Lease Right of Use Asset - Operating
587,658
693,045
Lease Right of Use Asset - Financing
620,079
1,219,408
Deferred Tax Asset
-
243,640
Joint Venture Asset
177,000
177,000
Other Assets
215,775
214,117
Total Long-Term Assets
8,101,251
6,311,157
TOTAL ASSETS
$
17,927,571
$
18,682,478
LIABILITIES & STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts Payable
$
2,652,409
$
1,332,825
Accrued Expenses
277,879
161,666
Deferred Revenue
1,579,532
2,025,027
Line of Credit
3,711,726
5,692,834
Notes Payable, Current Portion
1,668,128
1,798,671
Lease Liability - Operating
129,081
129,081
Lease Liability - Financing
365,336
188,121
Total Current Liabilities
10,384,091
11,328,225
Long-Term Liabilities
Deferred Tax Liabilities, Net
377,662
502,403
Notes Payable, Net of Current Portion
4,241,696
1,683,608
Lease Liability - Operating, Net of Current Portion
458,577
563,964
Lease Liability - Financing, Net of Current Portion
254,743
1,031,287
Total Long-Term Liabilities
5,332,678
3,781,262
TOTAL LIABILITIES
$
15,716,769
$
15,109,487
-
-
STOCKHOLDERS' EQUITY:
Shareholders' Equity
Preferred Stock, $0.001 par value, 5,000,000 shares authorized, no
-
-
shares issued and outstanding
Common Stock, $0.001 par value, 1,000,000,000 shares authorized
14,829
14,829
14,829,155 shares issued and outstanding at March 31, 2025 and
14,829,155 at December 31, 2024
Additional Paid-In Capital
21,671,534
21,671,534
Accumulated Deficit
(19,475,561
)
(18,113,372
)
Total Stockholders' Equity
2,210,802
3,572,991
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY
$
17,927,571
$
18,682,478
-
-
AMERAMEX INTERNATIONAL, INC. STATEMENTS OF CASH FLOW
MARCH 31, 2025
MARCH 31, 2024
OPERATING ACTIVITIES:
Net Income
(30,691)
(436,343)
Adjustments to reconcile Net Income to
Net Cash provided (used) by Operating Activities:
Depreciation and Amortization
386,938
278,693
Provision for Deferred Income Taxes
-
502,403
Amortization and Accretion of Interest
21,351
21,351
Change in Operating Assets and Liabilities:
Accounts Receivable
58,552
437,404
Inventory
(566,012)
85,968
Other Current Assets
147,213
100,187
Accounts Payable
997,182
(880,897)
Customer Deposits
(111,373)
(111,373)
Accrued Expenses
122,008
(186,749)
NET CASH USED BY OPERATING ACTIVITIES
$
1,025,168
$
(189,356
)
INVESTING ACTIVITIES:
Payments for Property and Equipment
$
50,149
$
740,255
Proceeds (Payments) for Rental Equipment
(314,049
)
(190,716
)
NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES
$
(263,900
)
$
549,539
FINANCING ACTIVITIES:
Proceeds from Notes Payable
$
2,038,861
$
190,683
Payments on Notes Payable
(1,315,149
)
(244,490
)
Payment on Note Payable - Related Party
-
-
Joint Venture
-
(177,000
)
Net Borrowing (Repayments) Under Lines of Credit
(1,020,425
)
(553,997
)
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES
$
(296,713
)
$
(784,804
)
NET DECREASE IN CASH & CASH EQUIVALENTS
$
464,555
$
(424,621
)
Cash and Cash Equivalents, BEGINNING OF PERIOD
$
84,929
$
588,128
Cash and Cash Equivalents, END OF PERIOD
$
549,484
$
163,507
CASH PAID FOR:
Interest
$
624,940
$
153,268
Income Taxes
$
800
$
800
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING
AND FINANCING ACTIVITIES:
Transfer of Inventory to Rental Equipment
-
-
Equipment Financed under Capital Leases
-
-
Transfer of Rental Equipment to Inventory
-
-
AMERAMEX INTERNATIONAL, INC. STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) FOR THE MONTHS ENDED MARCH 31, 2025 AND 2024
Additional
Total
Common Stock
Paid-in
Accumulated
Stockholders'
Balance
Shares
Amount
Capital
Deficit
Equity/
December 31, 2023
14,829,155
$
14,829
$
21,671,534
$
(17,677,029
)
$
4,009,334
Net Income
-
-
-
(436,343
)
(436,343
)
March 31, 2024
14,829,155
$
14,829
$
21,671,534
$
(18,113,372
)
$
3,572,991
December 31, 2024
14,829,155
$
14,829
$
21,671,534
$
(19,444,870
)
$
2,241,493
Net Income
-
-
-
(30,691
)
(30,691
)
March 31, 2025
14,829,155
$
14,829
$
21,671,534
$
(19,475,561
)
$
2,210,802
14,829,155
14,829
21,671,534
(19,475,561
)
2,210,802
-
-
-
-
-
AmeraMex International AmeraMex International sells, leases, and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber. The company has over 30 years of experience in heavy equipment sales and service. Follow AmeraMex on Twitter @ammx_intl and visit the AmeraMex website, www.AMMX.net or www.hamreequipment.com for additional information and equipment videos.
Forward-Looking Statement Statements made in this news release that are not historical, or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified using terms such as "may," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and key factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.
Investor and Media Relations McCloud Communications, LLC Marty Tullio, Managing Member Office: 949.632.1900 or Marty@McCloudCommunications.com
