AmeraMex International Reports Q3 Revenue Growth to $6.3 Million Amid Net Loss
AmeraMex International (AMMX) reported its third-quarter financial results, highlighted by a significant 62% year-over-year increase in revenue, reaching $6.3 million. Despite the top-line growth and an improvement in operating profit to $158,395 from a prior loss, the company recorded a net loss of $134,988 compared to a net income of $208,641 in the previous year. Gross margins remained stable at 13% for both periods. On the business development front, AmeraMex announced it has secured $1.4 million in new equipment orders and a five-year lease agreement, which may provide more predictable long-term revenue streams.
Tickers: $AMMX
Topics: earnings report equipment orders lease agreement revenue growth