Powerband Solutions ( (AMTFF) ) has released its Q2 earnings. Here is a breakdown of the information Powerband Solutions presented to its investors.
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AmeriTrust Financial Technologies Inc. is a fintech company that provides innovative finance solutions for the automotive industry through its cloud-based transaction platform. In its latest earnings report, AmeriTrust announced a decrease in revenue for the second quarter of 2025, reporting $407,347 compared to $438,812 in the first quarter of 2025 and $542,166 in the same quarter of the previous year. The company’s cash on hand also declined from $10,231,191 at the end of 2024 to $6,076,370 as of June 30, 2025.
The company experienced a reduction in its adjusted EBITDA loss for the second quarter of 2025 compared to the first quarter, attributed mainly to favorable foreign exchange rate movements. However, the adjusted EBITDA loss increased compared to the second quarter of 2024 due to higher personnel costs from additional hiring. Despite these challenges, AmeriTrust maintained a working capital surplus of $2,103,566 at the end of the second quarter.
AmeriTrust continues to focus on expanding its platform across the United States, aiming to disrupt the automotive finance sector by facilitating seamless transactions among consumers, dealers, and funders. The company’s management remains committed to executing its business plan and exploring potential funding opportunities to support its growth ambitions.
Looking ahead, AmeriTrust’s management is cautiously optimistic about the company’s future prospects, acknowledging the risks and uncertainties inherent in its business environment. The company plans to continue leveraging its fintech platform to drive growth and enhance its market position.