Revenues up 18 percent from previous quarter, from $785K to $927K. (10-Q).
Solid profitability, good income from operations.
Operating margins for the quarter were positive 5.8%! (Hard to imagine, the stock is dirt cheap.)
Positive cash flow from Ops
Management comment: “These (quarterly) results were better than expectations as sales of polyurethane foam tires to a significant customer were higher than expected.”
Deferred revenue is up nicely, another good sign.
Disclose - long AMTY.
g
wow I can be cynical, lol. 7 months later... I still like this stock! I see a fair amount of insider buys, no sells.. that is good, right?
J
Net cash provided by operating activities for Amerityre = $169K for the 6-month period ended December 31, 2018 vs. cash used by operating activities of $191K for the same period in 2017. See last 10-Q. Encouraging!
M
I literally just came across this company, and everything I've read so far is good. Honestly can't understand why the volumne and price are so low! Seems like a very good business. No position here yet, but saving it for a future entry. To all the Longs, sorry I don't want it to go up just yet.
T
I like Amerityre and own AMTY shares. Valuation is attractive at EV/ Sales of only 0.32. The CEO’s background is impressive, BSE Chemical Engineering University of Pennsylvania, MBA in Finance and Marketing UC Berkeley Haas School of Business. The company is @ breakeven income wise and cash flow positive (Sept 2018 qtr). I think there is hidden value in Amerityre’s Closed Cell Polyurethane IP.
Amerityre concentrates on three segments of the flat free tire market: light duty polyurethane foam tires, polyurethane elastomer industrial tires and agricultural tires. The Company has developed a new elastomer formulation for use in several of its larger tire applications (provides higher static load bearing capability & higher abrasion resistance). Amerityre expects more customers to order tires made in this formulation as FY 2019 progresses, with sales ramping up as more customers complete their evaluations. (Source: 10-Q for Sept 2018 quarter)
Note: This is not a recommendation to Buy or Sell. Investing in microcaps involves many risks. Do your own research and due diligence.
B
Big Earnings coming up, I can feel it! Great company!!!
g
so weird.... *crickets*.... such a cool product, and with the new admin's "made in America" policy you'd think this would take off... I wonder if the company even cares about their stock price... . . *crickets*... will check back here in a month, I guess.
Revenues up 18 percent from previous quarter, from $785K to $927K. (10-Q).
Solid profitability, good income from operations.
Operating margins for the quarter were positive 5.8%! (Hard to imagine, the stock is dirt cheap.)
Positive cash flow from Ops
Management comment: “These (quarterly) results were better than expectations as sales of polyurethane foam tires to a significant customer were higher than expected.”
Deferred revenue is up nicely, another good sign.
Disclose - long AMTY.
To all the Longs, sorry I don't want it to go up just yet.
Amerityre concentrates on three segments of the flat free tire market: light duty polyurethane foam tires, polyurethane elastomer industrial tires and agricultural tires. The Company has developed a new elastomer formulation for use in several of its larger tire applications (provides higher static load bearing capability & higher abrasion resistance). Amerityre expects more customers to order tires made in this formulation as FY 2019 progresses, with sales ramping up as more customers complete their evaluations. (Source: 10-Q for Sept 2018 quarter)
Note: This is not a recommendation to Buy or Sell. Investing in microcaps involves many risks. Do your own research and due diligence.