Amerityre cuts Q2 loss by 44%

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BOULDER CITY, Nev. (Feb. 21, 2014) — Polyurethane tire developer Amerityre Corp. cut its net loss in the quarter ended Dec. 30 by 44 percent on 73.3-percent higher sales.

Amerityre cut its loss to $193,282 from $344,644 a year ago. Revenue rose to $1.26 million on higher sales of hand-truck and agricultural tires, the company said.

The loss was the tire maker's 74th consecutive quarterly loss, bringing the its cumulative loss over 18 years to $63.5 million.

Its six-month net loss was $367,848—an improvement of 41 percent from $622,532 a year ago. Sales were up 40 percent to $2.3 million.

The Boulder City-based firm attributed the earnings improvement to the increased sales revenue, improved gross margins and reduced general and administration expenses.

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Previous | Published May 22, 2015

When is the last time you attended one of the national tire industry trade shows, such as SEMA, ITEC or the North American Tire & Retread Expo?

I try and take in at least one show a year.
30%
I usually attend one every few years.
14%
There are so many tire maker and distributor meetings each year, I don’t see a need to attend one of the national shows.
12%
I don’t find value in these shows and haven’t been to one in years.
19%
I’d like to but I am too busy
25%