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DGAP-News: CORRECTED FINANCIALS AmeraMex International Reports Financials for Its Second Quarter Ended June 30, 2022
DGAP-News: CORRECTED FINANCIALS AmeraMex International Reports Financials for Its Second Quarter Ended June 30, 2022.
About this update from Ameramex International Inc.
[{"type":"text","content":"\n\n\n\n\nDGAP-News: Ameramex International\n\n\n\n\n\n\nCORRECTED FINANCIALS\nAmeraMex International Reports Financials for Its Second Quarter Ended June 30, 2022 \n\n\n\n\n\n\n15.08.2022 / 16:31 CET/CEST\n\n\n\nThe issuer is solely responsible for the content of this announcement.\n\nAmeraMex International, Inc. (OTCQB:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction, and forestry conservation, reported financial results for its second quarter ended June 30, 2022.Statement of Operations for the Quarter Ended June 30, 2022The Company reported revenue of approximately $2.4 million versus revenue of $4.9 million for the comparable 2021 quarter, a 62 percent decrease. Had all the equipment shipped as planned, the Sales of Equipment and Other Revenues would have been $5,066,746, $115,140 more than the comparable 2021 quarter. These delays in shipping were caused by back-ordered parts, interstate trucking delays and lack of availability of third-party shippers.The Company is committed to getting the remaining machines shipped in the third quarter as well as continuing its ongoing sales efforts. Gross profit for the quarter was $420,000, compared to gross profit of $970,000 for the comparable quarter. If the additional equipment had shipped, gross profit would have been approximately $3 million. Gross profit as a percentage of sales, was 18 percent for the quarter compared to gross profit as a percentage of sales of 15 percent for the comparable quarter.Net income for the quarter was $146,172 compared to net income of $78,000 for the comparable quarter. Prices of equipment have been adjusted to cover increased cost of goods sold and operating costs. Earnings per share were $0.01 for the quarter compared to $0.01 for the comparable 2021 quarter. Statement of Operations for the Six-Month period June 30, 2022The company reported revenue of approximately $7.3 million versus revenue of $10.3 million for the comparable 2021 period. The 26 percent decrease in Sales of Equipment and Other Revenues for the six-month period, is due to delays in shipping sold machines to customers. Had all sold machines shipped, Sales of Equipment and Other Revenues would have been approximately $9.6 million, a $750,000 decrease over the comparable six-month period.Gross profit for the period was $1.7 million compared to...