Advantex Marketing International Reports Annual Revenue of $5.75 Million
Advantex Marketing International (ATXMF) has released its fiscal year financial results, reporting total revenue of $5.75 million. While the company saw a 14.5% increase in gross profit, rising to $3.46 million from $3.02 million, overall margins faced downward pressure due to increased direct expenses, specifically within credit and collection costs. The report highlights significant margin compression across specific business segments. The MCA program's gross margins fell sharply from 92.9% to 75.1%, while the Aeroplan segment reported a gross margin of 35.4%. These shifts reflect the impact of rising operational overhead on the company's profitability.
Tickers: $ATXMF
Topics: gross profit margins operating expenses revenue