AmeraMex Fourth Quarter Shaping Up with Over $4.0 Million in Revenue [Yahoo! Finance]
AMERAMEX INTL INC (AMMX)
NASDAQ:AMEX Investor Relations:
ammx.net/profile
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Source: Yahoo! Finance
companies , infrastructure construction and forestry conservation , announced that it currently has over $4.0 million in revenue for the fourth quarter which ends December 31, 2024. AmeraMex CEO Lee Hamre commented, "During yesterday's shareholder's conference call, I was asked to give revenue guidance for the fourth quarter. We currently have booked over $4.0 million in revenue and expect to ship another 13 machines before the end of the year, making the fourth quarter the best of the year. As we mentioned in the conference call, based on feedback from our customers after the recent elections, 2025 is expected to a good year for their business which will benefit AmeraMex." During the Third Quarter Financial conference call, there was a discussion about a one-time reserve charge to inventory which, in turn, significantly increased the Cost of Goods Sold for the quarter. The following explanation will explain the situation: The Inventory Reserve is a contra-asset account on a com
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