AGSS
Ameriguard Security Services, Inc.0.0161
+0.0001+0.63%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
1.44MP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
AmeriGuard held revenue steady at $19.9M for the nine months ended September 30, 2025, up 3.7% y/y from $19.2M, while boosting gross margin to $3.2M from $2.6M on lower labor costs despite higher vehicle expenses. Operating loss narrowed to $1.8M from $2.2M y/y, but net loss shrank to $846K ($0.0095/share) from $2.1M ($0.0225/share) thanks to $914K other income including deferred revenue forgiveness. Cash dwindled to $36K amid $751K operating outflow; total debt stood at $6.3M including $3.8M current on a $7M Legalist line at 7.5%. Three SSA contracts forfeited June 30, 2025, slashing monthly revenue $1.2M. Board infighting triggered lender default. Ongoing PAGA wage suits loom.
10-Q
H1 FY2025 results
AmeriGuard posted H1 2025 revenue of $14.9M, up 21.8% y/y from $12.3M, fueled by new Veterans Administration contracts via TransportUS, yet gross margin held steady at ~12.6% amid higher vehicle and subcontractor costs. Operating loss widened to $1.9M from $1.3M y/y, driven by $763K higher opex including $300K tied to the new $7M Legalist line, while net loss hit $2.0M versus $1.3M last year, widened further by $159K loss on deferred subsidiary liability. Cash dipped to $302K despite $3.1M financing inflows; operating cash used $3.1M with capex at $81K. Debt totals $8.9M, featuring the Legalist line at $6.3M (7.5% effective). Boardroom battles triggered default on financing, forfeiting three SSA contracts worth $1.2M monthly revenue.
8-K
Forfeits $15M contracts post-default
AmeriGuard Security Services forfeited three Social Security Administration contracts on July 14, 2025, totaling $15 million in annual revenue, after Legalist declared default on a financial agreement on July 1. This move ensured compliance with federal rules amid funding woes, despite no performance lapses. The contracts swiftly transferred to another guard firm by July 28. Smooth handover prioritized employees and operations.
8-K
Lender declares financing default
AmeriGuard Security Services hit a snag on July 1, 2025, when lender List Government Receivables Fund declared a default under their $7M receivables financing agreement, triggered by material changes in the company's business or finances since June 12 that made the lender uneasy. With $5.85M outstanding, incremental 4.75% interest now kicks in, and a requested $982K draw for July 10 payroll got nixed, crippling operations. Default bites hard.
8-K
Board and CEO shakeup
AmeriGuard Security Services underwent a swift board and leadership overhaul on June 16, 2025, when majority shareholder Lawrence Garcia removed directors Douglas Anderson and Russel Honore while appointing Wilhelm Cashen and Terry Slatic. The board then ousted Anderson as interim CEO and installed Garcia as the new chief executive, effective immediately. Cashen and Slatic also joined the Audit Committee. This internal shift consolidates control under Garcia, potentially streamlining decisions but raising governance questions.
IPO
Employees
Sector
Industry
ADT
ADT Inc.
8.14-0.05
ALLE
Allegion plc
159.67-2.88
BLPG
Blue Line Protection Group, Inc
0.05-0.01
CIGL
Concorde International Group Lt
1.89+0.24
CXW
CoreCivic, Inc.
19.02+0.03
EVLV
Evolv Technologies Holdings, In
6.86+0.10
GEO
Geo Group Inc (The) REIT
16.58-0.07
GFAI
Guardforce AI Co., Limited
0.81-0.00
NSSC
NAPCO Security Technologies, In
42.42+0.92
SNTL
Sentinel Holdings Ltd.
6.09-0.01