GregFolin

$ADMQ Presents Breakout Potential Following Strong Data

Long
OTC:ADMQ   ADM ENDEAVORS INC
$ADMQ has achieved two important technical milestones in recent action following its basing support hold in Oct at $0.04: it broke out above its declining bear trend line and it broke out above its 50-day MA.

Both match up with fundamentals after the company just posted strong financial results.

ADM Endeavors Inc (OTCMKTS:ADMQ) recently put out word that its gross revenue for its wholly owned subsidiary, Just Right Products, Inc. , in the first ten months of 2020 came in at approximately $4.2 million. That number already surpasses the company’s strong data from last year for its full 2019 results – where it pulled in $3.8 million in 2019. It has already beaten that performance with two months left to go in the year.

Management commentary on the company’s results so far this year was appropriately optimistic:

“I am very pleased to let our investors know about this achievement, especially since 2020 has been such a difficult year for business,” said Marc Johnson, CEO. “Our sales in our uniform division, a key part of the Company, dropped in 2020 as schools and institutions were impacted by COVID-19. Despite this, our team rallied for a solid sales performance.”

“We have stayed engaged with and increased sales with existing customers,” said Mr. Johnson. “A key aspect of this is continually offering new products. The government uniform side of the business has continued to grow.”

“The combination of customer and other referrals, competitors going out of business, and advertising has facilitated an increase in revenue. Also, we have handled the additional volume of work by being more efficient,” Mr. Johnson concluded.

The running theme here is organic growth and a management team that appears able to steer the ship through stormy waters by innovating and producing shareholder friendly results despite macro headwinds.

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