AMTY
Amerityre Corporation0.0400
+0.0000+0%
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
3.27MP/E (TTM)
4.00Basic EPS (TTM)
0.01Dividend Yield
0%Recent Filings
10-K
FY2022 results
Amerityre posted record FY2022 revenues of $6.5M, up 33.6% y/y, fueled by surging demand for closed-cell foam tires amid supply chain woes, with Q4 sales rocketing 40.8% y/y to cap the year. Gross margins held steady at 27.0% despite raw material spikes, thanks to timely price hikes, yielding net income of $432K—a 67% jump. Record golf cart tire sales drove momentum, while material availability improved in Q4, slashing lead times to two weeks. Cash swelled to $1.1M with a $100K credit line untapped. Q4 accelerated hard. Yet inflation could squeeze margins if costs keep climbing.
10-Q
Q3 FY2022 results
Amerityre posted record Q3 FY2022 net sales of $1.72M, up 38.8% y/y from $1.24M, with gross profit climbing 59.7% to $570K at 33.1% margin versus 28.8% prior year, fueled by higher volumes and prices despite supply chain strains. Operating income surged to $260K from $80K y/y, driving net income of $279K; YTD sales rose 30.7% to $4.57M with $363K net income. Cash grew to $567K on $201K operating cash flow, backed by $100K line availability and minimal $63K long-term debt. Inventory swelled amid COVID delays in Asia. Supply disruptions shadow demand.
10-Q
Q2 FY2022 results
Amerityre posted Q2 revenue of $1.5M, up 20.6% y/y from $1.2M, while gross profit rose 9.6% y/y to $330K at 22.7% margin versus 25.0%, squeezed by COVID-driven raw material costs despite price hikes. Operating income fell to $18K from $34K y/y, but net income held at $19K after stripping prior PPP forgiveness; YTD revenue climbed 26.3% y/y to $2.8M with $84K net income. Cash grew to $543K on $178K operating cash flow, exceeding capex; total debt sits at $63K with $50K unused credit line. Inventory built on delayed shipments. Supply chain disruptions threaten margins.
8-K
CEO contract renewed
Amerityre renewed CEO Michael F. Sullivan's contract effective January 1, 2022, through year-end, with $190,000 annual salary, 1.68 million shares vesting monthly in 2022, and bonus up to 35% tied to $5.2M revenue and $285,000 net income for fiscal 2022. Non-compete lasts two years post-term. Ties pay to results.
8-K
Annual meeting elects directors
Amerityre Corporation held its annual stockholder meeting on December 1, 2021, electing five directors with overwhelming support—Michael F. Sullivan topping votes at 32.2M for—and ratifying Haynie & Company as auditors. Same day, the board cut the quorum requirement from half to one-third of voting power. Directors laid out strategic plans. Quorum tweak eases future meetings.
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