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AmeriTrust Financial Technologies Reports Decline in Q1 2025 Results
AmeriTrust Financial Technologies Inc. has released its financial results for the first quarter of 2025. The company's cash on hand as of March 31, 2025, was reported at $7.87 million, down from $10.23 million at the end of 2024. The working capital surplus also saw a slight decrease, settling at $3.90 million compared to $4.00 million as of December 2024.
Revenue for Q1 2025 decreased significantly to $438,812, compared to both Q4 2024 ($477,232) and Q1 2024 ($627,332). The adjusted EBITDA loss increased due to higher personnel costs following an increase in staff numbers.
Headquartered in Toronto, AmeriTrust operates a fintech platform focused on automotive finance and is publicly listed on multiple exchanges including TSXV, OTCQB, and Frankfurt.
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