CSIMarket
 

Amerityre Corporation  (NONE: AMTY)

Amerityre's

Competitiveness




 

AMTY Sales vs. its Competitors Q4 2022



Comparing the current results to its competitors, Amerityre reported Revenue increase in the 4 quarter 2022 by 40.88 % year on year.
The sales growth was above Amerityre's competitors' average revenue growth of 30.99 %, achieved in the same quarter.

List of AMTY Competitors

With a net margin of 3.6 % Amerityre achieved higher profitability than its competitors.

More on AMTY Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Amerityre Corporation achieved net profit of $0.07 millions compared to a net loss of $-0.05 millions recorded in the same quarter a year ago.

<<  AMTY Stock Performance Comparisons


Amerityre's Comment on Competition and Industry Peers


There are several companies that produce not-for-highway-use or light-use tires from polyurethane foam such as Greentyre, who manufactures in the UK; Carefree Tire, who manufactures in China; Marastar (a division of Carlstar), who manufactures in China, and; Custom Engineered Wheels and Krypton Industries, who manufacture in India. We believe our closed-cell polyurethane foam tires are superior to the polyurethane foam tires offered by the aforementioned competitors because our products contain millions of closed-cell versus open-cell air bubbles. The closed cell technology gives our products higher load bearing characteristics than competitor tire products that have open-cell polyurethane foam, while producing a ride quality comparable to a pneumatic tire.

In addition to manufacturers of polyurethane foam tires, we compete directly with companies that manufacture and market traditional not-for-highway-use, low-duty pneumatic, semi-pneumatic, and solid tires made from rubber. The not-for-highway use tire industry historically has been highly competitive, and several of our competitors have financial resources that substantially exceed ours. In addition, many of our competitors are very large companies, such as Kenda, Taiwan; Maxxis International, Taiwan; Cheng Shin, China; and Carlstar. These competitors have established brand name recognition, distribution networks for their products, and have strong consumer loyalty to their products.

In the agricultural tire market, the market leader is Titan Tire USA, a global manufacture of agriculture pneumatic tire and wheel assemblies. In addition, Rhino Gator, BB Metal Works, and Mach II are North American competitors offering various types of flat free pivot tire solutions. There are various domestic and international competitors in the seeder tire and hay baler tire markets.

 





  

Overall company Market Share Q4 2022

Strong sales growth of 40.88 % in Overall company contributed to Amerityre Corporation increase in total revenue by 40.88 %

Amerityre Corporation improved its market share in this segment, to approximately 0.04 %.


<<  More on AMTY Market Share.
 
*Market share is calculated based on total revenue.





Publicly Traded Peers of Amerityre Corporation




The Goodyear Tire and Rubber Company
Share Performance



-11.96%
30 Days



The Goodyear Tire and Rubber Company
Profile

The Goodyear Tire and Rubber Company's business model revolves around manufacturing and selling tires for various vehicles, including cars, trucks, airplanes, and industrial equipment. They operate on a global scale, catering to both original equipment manufacturers and the replacement market. Goodyear focuses on innovation, quality, and providing a wide range of tire options to meet customer demands.

More about The Goodyear Tire and Rubber Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,759.680 mill. $ 17,908.000 mill. $ -2,064.000 mill.

Sources: Amerityre Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
For your research, we’ve provided 10 tables on Amerityre Corporation versus competitors, including market share analysis.
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