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AmeraMex International Reports Revenue of $19.2 Million for the Year Ended December 31, 2022

AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction, and forestry conservation, reported financial results for its year ended December 31, 2022 and announced a shareholder conference call to be held April 4, 2023.

AmeraMex CEO Lee Hamre commented, “Last year was another good year for AmeraMex with revenues over $19 million. When comparing 2022 revenue to that of 2021, one must remember that 2021 saw a substantial jump in revenue due to pent-up demand for equipment following the COVID pandemic. I am pleased with the year and expect 2023 to be an exceptional year.”

Statement of Operations for the Year Ended December 31, 2022

The company reported revenue of approximately $19.2 million, a 22 percent decrease when compared to revenue of approximately $24.7 million for the year ended December 31, 2021. During 2022, the Company lost $1.5 million in revenue with the expiration of a large rental agreement. A new agreement has been signed for 2023, which extends through 2026.

Gross profit for the year was $4.5 million, a decrease of 10 percent when compared to gross profit of $5.0 million for the 2021 year-end.

Gross profit as a percentage of revenue, was 23 percent for the year compared to gross profit, as a percentage of revenue, of 20 percent for the 2021 year-end, a three percent increase.

Net profit from operations was $1.8 million for the year, a 44 percent decrease when compared to net profit from operations of $3.2 million for the comparable 2021 year-end. This was due in part to an increase of over $800,000 in operating costs due to rising inflation and additional personnel. These costs include increases in rent, utilities, gasoline, all insurances and salaries, added costs for sales and marketing in addition to public company costs of over $250,000 for legal and auditing expenses.

Net income for the year was $871,060 compared to net income of $1.6 million for the comparable 2021 year-end. Earnings per share were $0.06 compared to earnings per share of $0.11.

Balance Sheet for the Year Ended December 31, 2020

Total Assets increased $2.3 million for the year while total liabilities for the year increased $1.8 million.

Conference Call

AmeraMex International, Inc. CEO Lee Hamre is hosting the Company’s year-end 2023 financial conference call on Tuesday, April 4 at 8:30 a.m. Pacific Time, 11:30 a.m. Eastern Time. The conference call dial-in number for both U.S. and international callers is 1.201.689.8560. Please dial into the conference center five minutes before the call begins and ask the operator for the AmeraMex conference call. An audio replay of the call will be available from April 4, at 2:30 p.m. Eastern Time until April 18, 2023 at 11:59 p.m. Eastern Time. The replay is accessible by dialing 1.412.317.6671 and entering pin number 13734981.

AmeraMex International

AmeraMex International sells, leases, and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber. Follow AmeraMex on Twitter @ammx_intl and visit the AmeraMex website, or 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

Ameramex International, Inc.

Unaudited Statement of Operations


December 31, 2022

December 31, 2021

Sales of Equipment and other revenues



Rentals and Leases






Cost of Sales

Sales of Equipment and other




Rentals and Leases






Gross Profit



Operating Expenses

Selling Expense



General and Administrative



Total Operating Expenses



Profit from Operations



Other Income (Expense)

Interest Expense, net



Loss from Early Extinguishment of Debt



Other Income (Expense)



Total Other Income (Expense)



Income Before Provision for Income Taxes



Provision for Income Taxes



Net Income



Weighted Average Shares Outstanding







Earnings (loss) per Share







Ameramex International, Inc.

Unaudited Balance Sheets

Ameramex International, Assets

December 31, 2022

December 31, 2021

Current Assets:




Accounts Receivable, Net



Inventory, Net



Other Current Assets



Total Current Assets



Property and Equipment, Net



Rental Equipment, Net



Lease Right of Use Asset



Other Assets



Total Other Assets






Liabilities & Stockholders' Equity

Current Liabilities

Accounts Payable



Accrued Expenses



Customer Deposits



Joint Venture Liability



Lines of Credit



Notes Payable, Current Portion



Lease Liability






Long-Term Liabilities

Deferred Tax Liabilities, Net



Notes Payable, Net of Current Portion



Lease Liability, Net of Current Portion









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 shares authorized

14,829,155 shares issued and outstanding at December 31, 2022 and 14,629,155



Additional Paid-In Capital



Accumulated Deficit



Total Stockholders' Equity






Ameramex International, Inc

Unaudited Statements of Cash Flow

Operating Activities

December 31, 2022

December 31, 2021

Net Income



Adjustments to reconcile Net Income to Net Cash provided (used) by Operating Activities:

Depreciation and Amortization



Provision for Deferred Income Taxes



Marketing Services Paid in Stock



Forgiveness of Debt



Loss on Early Extinguishment of Debt



Amortization of Right of Use Asset



Amortization and Accretion of Interest



Change in Assets and Liabilities:

Accounts Receivable






ROU Asset



Other Current Assets



Accounts Payable



Customer Deposits



Accrued Expenses



Lease Liability



Net Cash Provided (Used) by Operating Activities



Investing Activities

Payments for property and Equipment



Proceeds (Payments) for Rental Equipment



Net Cash (Used) for Investment Activities



Financing Activities

Proceeds from Notes Payable



Payments on Notes Payable



Payment on Note Payable - Related Party



Joint Venture Liability



Net Borrowing (Repayments) Under Lines of Credit)



Net Cash Provided (Used) by Financing Activities






Cash and Cash Equivalents, BEGINNING OF PERIOD



Cash and Cash Equivalents, END OF PERIOD



Cash Paid For




Income Taxes




Transfer of Inventory to Rental Equipment



Equipment Financed Under Capital Leases



Transfer of Rental Equipment to Inventory



Ameramex International, Inc.

Unaudited Statements of Stockholders' Equity (Deficit)

December 31, 2022 and 2021

Common Stock




Additional Paid-in Capital

Accumulated Deficit

Total Stockholders' Equity (Deficit)

December 31, 20202






Stock for Services





Net Income






December 31, 2021






Stock for Services





Net Income






September 30, 2022











About AmeraMex International

AmeraMex International sells, leases and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber. AmeraMex, with a US and international customer base, has over 30 years of experience in heavy equipment sales and service. Follow AmeraMex on Twitter @ammx_intl and visit the AmeraMex website, or for additional information and equipment videos.

Forward-Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are key factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Investors are encouraged to review the Company’s filings with the Securities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company’s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if added information becomes available in the future.

Contact Details

Marty Tullio

+1 949-632-1900

Company Website

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