ATCC
Ameritrust Corporation0.0001
+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
723.96MP/E (TTM)
-Basic EPS (TTM)
-0.02Dividend Yield
0%Recent Filings
8-K
Board purge, new CEO
Ameritrust Corporation overhauled its board and leadership after firing directors for embezzlement and negligence in late 2023. Effective March 15, 2024, Kang Seok Song took CEO reins, with Sook-Rye Min as Secretary/Director and Jong-Sun Kim as Director. New team brings diverse backgrounds. Governance tightened sharply.
8-K
Board adds CEO's daughter
Ameritrust Corporation appointed Ms. Alice Choi to its Board of Directors on November 22, 2021, filling a vacancy. A licensed pharmacist with over five years at Market 32 Pharmacy in Torrington, Connecticut, she holds a Doctor of Pharmacy from the University of Connecticut. She is the daughter of CEO Seong Y. Lee. Family ties raise governance questions.
10-Q
Q2 FY2022 results
Ameritrust posted Q2 revenue of $1.3M, up 32% y/y from $1.0M, driven by other sales while real estate sales stayed flat at zero; yet nine-month revenue soared to $25.9M (y/y +511%, derived) on $22.3M real estate sales. Q2 swung to a $5.7M net loss from $1.4M last year, mainly from $5.7M interest expense, while nine months delivered $6.1M profit. Cash sits at $7.2M, short-term debt $204M, with operating cash use of $132M YTD offset by $124M financing. Balance sheet shows $689M assets, negative equity. COVID-19 restrictions crimp real estate recovery.
10-Q
Q1 FY2021 results
Ameritrust posted Q1 revenue of $6.95M, up sharply from $2.41M y/y, driven by $6.10M real estate sales and $0.85M rental income versus none last year; yet net loss hit $1.0M after $3.7M interest expense, milder than $2.6M y/y. Six-month topline soared to $24.6M from $3.3M y/y on robust sales momentum. Cash climbed to $8.7M with $660M operating cash inflow, but short-term debt lingers at $196M alongside $264M related-party payables; equity stays negative. Real estate under development holds steady at $285M. COVID-19 restrictions crimp sales recovery.
10-Q
Q1 FY2021 results
Ameritrust swung to $17.7M revenue in Q1 FY2021 ended December 31, 2020, driven by $16.2M real estate sales and $1.4M rental income—up from zero a year earlier as properties kicked in. Gross costs hit $1.9M while net interest expense of $3.0M yielded $12.8M net income, narrowing the equity deficit to $13.2M from $33.1M q/q. Cash climbed to $11.6M amid $293M real estate under development, but short-term debt sits at $201M and operating cash burned $409M on working capital swings. Massive related-party balances signal tight liquidity ties. COVID-19 restrictions crimp real estate sales.
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