tradernewstip
2 months ago
ADMQ is expected to bring a new, 80,000 sq. ft. facility online in the Fall of this year. ADM expects to receive building permits and commence construction in the coming months. The building is bank financed with a construction loan at 10 year, 5 12% that can be drawn against to make necessary payments. The custom fabricated metal for the building has already been paid for and is on site. The building is expected to be completed in Fall 2024, with operations commencing before the end of the year."
Beyond acting as a new manufacturing facility, the building will host a retail storefront. This storefront will increase ADM's school uniform footprint and enable the addition of a medical uniform segment and workwear segment to the product mix. This will encompass both retail and bid contract sales, further diversifying ADM's offerings. The new store front will allow ADM to expand margins and better service existing government contract customers. As the current retail space is operating at maximum capacity, this new storefront will also allow ADM to pursue more school uniform contracts. The addition of a new medical uniform segment will enable the Company to seek out government contracts in an untapped market.
https://finance.yahoo.com/news/adm-endeavors-provides-corporate-120000677.html
tradernewstip
3 months ago
$ADMQ Breaking News! ADM Endeavors Provides Corporate Update
FORT WORTH, TX - (NewMediaWire) - January 25, 2024 - Just Right Products Inc., the wholly owned subsidiary of ADM Endeavors ("ADM" or the "Company") (OTCQB: ADMQ), announces a corporate update, including preliminary Q4 2023 results.
Preliminary Q4 2023 Financials
ADM Endeavors provides unaudited fourth quarter 2023, ending December 31, 2023, preliminary results.
The Company anticipates:
Revenues of $1.3M, representing 43% year-over-year growth
Adjusted EBITDA of $134K, which grew 200% over the year-ago quarter
Net income of $116K, a 200% increase over the fourth quarter of 2022
At the end of the quarter the Company had cash of $300K and access to a line of credit for $3.5M and is well capitalized to execute on its growth plans.
"The fourth quarter of 2023 was part of a transformational quarter for the Company," said ADM Endeavors CEO Marc Johnson. "Our fourth quarter projected results are a true indication that our strategic targeting of recession resistant government customers is working and can produce a sustainable profit. We anticipate organic growth in 2024 through both our existing and new customer opportunities. We are also exploring potential inorganic growth through M&A and expect to have our new facility online towards the end of the year, which would increase our capacity by up to five times."
New customer wins and contract renewals
Over the course of 2023, ADM has placed an emphasis on longer term, stable customers, which separates the Company from others in the sector. The majority of major promotional product and decorated apparel companies focus on large corporate clients and operate through a broker model on a global scale. ADM differentiates itself by focusing on cities, counties, schools, and government agencies by going direct to consumer, and currently operates primarily in the Dallas / Fort Worth area where the markets are large and fragmented. This strategy has been working and should drive consistent organic growth in 2024 and beyond.
https://finance.yahoo.com/news/adm-endeavors-provides-corporate-120000677.html
tradernewstip
9 months ago
$ADMQ Marc Johnson, CEO, said, “Our team is making great strides adapting to the challenging economic environment and changing customer base. I am pleased with the increase in sales, margins, and profits. With the help from Mark from Eyncon and Alex, our new CFO, we are in a much better position to handle our anticipated future growth.”
https://www.otcmarkets.com/stock/ADMQ/news/ADM-Endeavors-Inc-Achieves-Strong-Sales-Growth?id=405051
tradernewstip
10 months ago
$ADMQ ADM Endeavors, Inc. Provides Uniforms for Four New Schools Generating Over $1 Million in Revenue
), is pleased to announce it will be the exclusive provider of school uniforms for four additional schools. Based on the 4,000 combined students, this should generate between $1.2 and $1.5 million in revenue. The average complete uniform set costs $350 and higher if accessories are added.
Academic Outfitters is the premier provider of school uniforms and dress code apparel for schools primarily in Texas. All decorations – patches, embroidery and screen printing are done locally to help make a quick turnaround in inventory or personalized apparel. We sit down with each of our schools to help build a customized school apparel program. With the addition of these four new schools, the company now provides uniforms for 21 different schools and campuses, including private, public and charter schools. To help satisfy demand and increase margins we have launched our own brand of school uniform polos and jackets for the 2023 season. We will expand the line in 2024 to other uniform items. The brand name is Just Right. While nearly all private schools require some type of uniform, many public schools are beginning to utilize uniforms as well. According to the National Center for Education Statistics, nearly 20% of all public schools have adopted uniform mandates. This total has steadily been increasing since the early 1990s. The North American school uniform market is expected to grow from $3.18 Billion to $4.74 Billion by 2028, a 5.9% CAGR.
“As an established and recognized leader in the school uniform market, our products are in demand. As the company increases capacity later this year, this will be an even faster growing segment of ADM’s business operations,” stated Marc Johnson, Chief Executive Officer of ADM Endeavors.
https://finance.yahoo.com/news/adm-endeavors-inc-provides-uniforms-120300907.html