A few months ago, we reported that the Amatron was losing money on its sales.
At that time, Amatrons sales were around $50 million.
But since then, the company’s market cap has dropped by more than 30% and it’s still not profitable.
Now, Amt is claiming that its loss on the Amtower is $3.5 million.
The company is also saying that its sales have been down from $25 million to $16 million, with the majority of the drop coming from its older gearboxes.
This is good news for Amt, since the company is now seeing some positive signs of growth.
Still, it still isn’t profitable.
Now that the company has taken back the Amtons sales, it’s hoping that its gearbox sales will pick up.
The AmtGearbox is currently in the “very early” stages of development and is expected to ship in the first quarter of 2018.
The news comes on the heels of another company claiming that Amt lost more than $3 million during its first quarter, which we believe to be a misprint.
While Amt’s Gearbox isn’t going anywhere, it has a long way to go.
Amt will need to make some more progress to make up for lost sales.
The most recent Amt stock price was $1.35, which was the lowest in its history.