Ameritek Ventures
0.0075+0.00 (+9.49%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCPK · ATVK · USD
Key Stats
Market Cap
82.12MP/E (TTM)
0.75Basic EPS (TTM)
0.01Dividend Yield
0%Recent Filings
8-K
Galaxy Batteries acquisition completed
Ameritek Ventures completed its acquisition of Galaxy Batteries on August 14, 2025, issuing 10 billion shares at $0.0037 each for $37 million total consideration. This deal, from Epazz, boosted outstanding shares to 10.95 billion while amending authorized capital to 11 billion. The custodian-led transaction expands Ameritek's portfolio, yet dilutes existing shareholders significantly.
10-Q
Q2 FY2025 results
Ameritek Ventures posted Q2 revenue of $22,492, down 88% y/y from $186,920 after divesting Ecker Capital to ZenaTech in October 2024, leaving DittoMask as its sole revenue source. Operating loss hit $164,575, a sharp reversal from last year's $42,861 profit, driven by $183,000 in new stock-based compensation while development costs vanished. Yet a $1,725,833 gain on ZenaTech investments flipped the quarter to $1,532,635 net income, contrasting the six-month YTD net loss of $7,526,738 from an earlier investment writedown. Cash sits at $1,138 with $1.05M long-term debt to related parties, all deferred to 2028. Shares outstanding ballooned to 949M from issuances. Litigation over past fiber optic assets lingers unresolved.
10-Q
Q1 FY2025 results
Ameritek Ventures posted no revenue for Q1 FY2025 ended March 31, 2025, down from $215,922 a year earlier, after selling its core software subsidiaries in Ecker Capital to related-party ZenaTech effective October 1, 2024, for shares valued at fair market enterprise price of $4.55M. Operating loss narrowed to $10,287 from prior income of $62,356, with expenses dropping sharply to $10,287 amid the divestiture, yet net loss exploded to $9.1M from $19,697 profit, driven by a $9.0M unrealized loss on ZenaTech investment holdings. Cash stood at $1,205, up from zero at year-end, while total debt held steady at $1.0M in long-term notes to affiliates at 8-15% rates, deferred to 2028. No free cash flow disclosed in the 10-Q. The pending Nevada lawsuit over legacy fiber optic assets lingers as a distraction.
10-K
FY2024 results
Ameritek Ventures swung to a $4.5 million net income for FY2024 ended December 31, 2024, up from a $59,000 loss in 2023, propelled by a $4.4 million gain on disposing Ecker Capital to related-party ZenaTech effective October 1—yet revenue plunged 29% y/y to $678,300, as Ecker's software units drove prior sales. Post-sale, Q4 operations narrowed to DittoMask remnants, slashing expenses 44% annually while operating income hit $219,000 before the gain; sequential momentum faltered with zero cash at year-end amid debt conversions. Liquidity leans on borrowings, with long-term debt at $1.0 million (down from $1.9 million) tied to related parties like Epazz. No outlook disclosed. Pending Nevada litigation over fiber optic assets could snag quarterly cash flows.
10-Q
Q3 FY2024 results
Ameritek Ventures swung to profitability in Q3 2024 ended September 30, posting $275K revenue, up 48% y/y from $186K, while expenses dropped 24% to $142K, yielding $133K operating income versus a $1K loss last year. For the nine months, revenue dipped 4% y/y to $678K, but sharp 35% expense cuts drove operating income to $238K from $30K, with net income of $103K reversing an $83K loss. Cash from operations hit $326K, exceeding $173K y/y, though ending cash fell to $2K amid $330K financing outflows including debt repayments. Total debt eased to $1.6M long-term plus $21K short-term, supported by related-party lines. Debt conversions added 59M common shares. Ongoing litigation with a former owner poses a lingering distraction.
IPO
Sector
Industry
AME
AMETEK, Inc.
184.19-0.91
AMST
Amesite Inc.
3.55-0.05
ATKR
Atkore Inc.
69.47+0.69
AUSI
Aura Systems, Inc.
0.19-0.00
AVAV
AeroVironment, Inc.
380.65+0.72
AVNW
Aviat Networks, Inc.
24.66+0.28
BKSY
BlackSky Technology Inc.
21.04-0.49
EVI
EVI Industries, Inc.
26.49-1.47
KNOS
Kronos Advanced Technologies, I
0.00+0.00
RR
Richtech Robotics Inc.
5.07-0.19