Powerband Solutions ( (AMTFF) ) has released its Q1 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 listed on multiple stock exchanges, specializing in automotive finance solutions through its cloud-based transaction platform available across the United States. In its first quarter of 2025 earnings report, AmeriTrust reported a decrease in revenue to $438,812 compared to both the previous quarter and the same quarter last year. The company also experienced an increased adjusted EBITDA loss, attributed to higher personnel costs due to an increase in headcount. Key financial metrics revealed a cash on hand of $7.87 million and a working capital surplus of $3.9 million as of March 31, 2025. Despite the financial challenges, AmeriTrust continues to focus on expanding its platform and services across the automotive finance sector. Looking ahead, the company remains committed to executing its business plan and exploring potential funding opportunities to support its growth initiatives.