Ameritrust Financial Technologies ( (TSE:AMT) ) has issued an announcement.
AmeriTrust Financial Technologies Inc. has announced its 2024 annual financial results, highlighting a significant improvement in its financial position. The company reported a net income of $6.2 million and a working capital surplus of $4.0 million, a turnaround from the previous year’s working capital deficit. This improvement is attributed to successful private placements raising over $13 million, the removal of an $11 million loss provision on lease contracts, and the resolution of various legal issues. The strengthened financial and corporate position has positioned AmeriTrust for potential future funding opportunities.
More about Ameritrust Financial Technologies
AmeriTrust Financial Technologies Inc. is a fintech company listed on the TSX Venture Exchange, OTCQB, and Frankfurt markets. It provides finance solutions and disrupts the automotive industry with its integrated, cloud-based transaction platform, facilitating transactions among consumers, dealers, and funders across the United States.
YTD Price Performance: -41.54%
Average Trading Volume: 79,196
Technical Sentiment Signal: Strong Buy
Current Market Cap: $26.52M
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