Mon, May 12, 4:40 PM (62 days ago)
**AmeriGuard Security Services, Inc. (AGSS) - Summary** **Financial Performance (2024):** - **Revenue:** $26,435,611 (up 26% from 2023) - **Net Income:** ($2,336,297) (loss) - **Earnings per Share:** ($0.0246) - **Operating Expenses:** $6,402,556 (up from $4,234,069 in 2023) - **Gross Margin:** $2,998,955 (up 66% from 2023) **Strategic Overview:** - **Subsidiaries:** AmeriGuard Security Services, Inc. (AGS) and TransportUS, Inc. (TUS) - **Industries:** Security services and non-emergency medical transportation - **Market Position:** AGS is a strong competitor in the security industry, while TUS is positioned for growth in the NEMT market **Future Outlook:** - **Growth Strategy:** Organic growth through bidding and winning contracts, and inorganic growth through mergers and acquisitions - **Technological Advancements:** Plans to leverage AI, blockchain, and robotics to enhance security services and reduce operational costs - **Market Opportunities:** Expansion in security, transportation, cybersecurity, and other related industries **Risk Factors:** - **Concentration of Sales:** 89% of revenue comes from six federal contracts - **Legal Proceedings:** Pending employment issues and lawsuits - **Financial Condition:** Significant operating losses and reliance on short-term loans **Financial Condition:** - **Cash on Hand:** $424,588 (down from $2,166,118 in 2023) - **Total Assets:** $9,815,194 - **Total Liabilities:** $12,935,324 - **Stockholders' Equity:** ($3,120,130) deficit **Market Position Changes:** - **Stock Performance:** AGSS stock is quoted on OTC Markets with a ticker symbol AGSS - **Share Price:** Ranged from $0.11 to $0.57 in 2024 **Key Metrics:** - **Employees:** 240 (AGS) + 72 (TUS) = 312 total - **Contracts:** Six federal contracts with terms ranging from 2025 to 2029 **Management and Governance:** - **CEO:** Lawrence Garcia (also majority shareholder) - **CFO:** Jason Bovell, CPA - **Board of Directors:** Includes industry experts and a decorated army veteran **Notable Transactions:** - **Acquisition of TransportUS, Inc.:** Completed in 2023 for $3,000,000 - **Reverse Merger:** With Health Revenue Assurance Holdings, Inc. in 2022 - **Short-Term Loans:** Multiple loans taken in 2024 to cover operational capital needs **Future Outlook:** - **Growth Potential:** Positive outlook for profitable operations in the next 12 months - **Strategic Initiatives:** Focus on technology integration and market expansion **Disclaimer:** This summary is based on the provided text and does not include any external analysis or market data. Investors should conduct their own research and consult with financial advisors before making investment decisions.