AMERICAN INTERNATIONAL HOLDINGS CORP. (AMIH)·Q3 2023 Earnings Summary

Executive Summary

• AMIH did not issue a Q3 2023 8‑K Item 2.02 earnings press release or hold an earnings call; the most recent filed financials are the Q1 2023 Form 10‑Q (quarter ended March 31, 2023). The company changed fiscal year end to June 30, 2023 and later suspended its duty to file via Form 15‑12G, limiting Q3 visibility .
• Operations update: Cycle Energy’s oil production increased approximately 66% in Q1 2023 (from ~15 to ~25 barrels/day) and management anticipated March production would exceed any month since July 2022, signaling operational momentum into mid‑year .
• Q1 2023 results: Revenue $50,414; net loss $(426,789); operating loss driven by derivative liability changes and financing costs amid a highly constrained liquidity position (cash $167; working capital deficit ~$7.05M) .
• Capital developments: On July 13, 2023, AMIH entered a $20M equity financing facility and $400K bridge note with Pacific Lion, providing a potential funding path but implying material dilution risk at a 15% discount pricing mechanism .

What Went Well and What Went Wrong

What Went Well

• Cycle Energy achieved ~66% oil production growth in Q1 2023 to ~25 barrels/day via low‑cost workovers and reliability improvements .
• Operational plan called for refracs on promising assets beginning in Q3 2023, indicating a focus on production uplift projects and near‑term catalysts .
• Vertically integrated model (Oil & Gas, Services, Technologies) supports lower costs and faster workover/abandonment cycles through in‑house service rigs and HydroVac units .

What Went Wrong

• Liquidity remains severely constrained: cash of $167 and working capital deficit of ~$7.05M as of March 31, 2023 .
• Leverage and liabilities are high: convertible notes payable (net) $2,886,494; related‑party convertible note $1,500,000; derivative liabilities $1,927,357, contributing to GAAP losses and equity overhang risk .
• Reporting transparency declined: no Q3 2023 earnings press release/call and the company subsequently filed Form 15‑12G to suspend reporting obligations, reducing visibility for investors .

Financial Results

Note: AMIH changed fiscal year end to June 30, 2023 and did not furnish Q2/Q3 2023 financial results; Q1 2023 is the latest filed quarter.

Segment/KPI snapshot (operational):

• Cycle Oil & Gas: ~25 barrels/day production in Q1 2023; 16 leases; ~2,000 acres; ~125 wells to reactivate .
• Planned refracs: Q3 2023 schedule identified for certain assets .
• Plugging & reclamation: first 2023 plugging completed per Texas RRC mandate .

Guidance Changes

No formal financial guidance ranges (revenue, margins, EPS, OpEx, tax rate) were disclosed in Q3 2023 materials; the company did not furnish an Item 2.02 press release for Q3 and later suspended reporting.

Earnings Call Themes & Trends

No Q3 2023 earnings call transcript was found; therefore, thematic tracking is unavailable.

Management Commentary

• Strategic focus: “The Company seeks opportunities to acquire and grow businesses that… generate long‑term sustainable free cash flow… The Company requires approximately $5 million to implement its current business strategy…” .
• Corporate restructuring: Series A control shift and ZipDoctor divestiture; change of control to new CEO via Series A Preferred; divestiture proceeds and royalty flows detailed .
• Operating scope post‑merger: “As of March 31, 2023, our operations are limited, and consist mainly of Cycle Energy Corp. and ZipDoctor [sold April 3, 2023]” .

Q&A Highlights

No Q3 2023 earnings call or Q&A was located for AMIH; no analyst Q&A clarifications available .

Estimates Context

• Wall Street consensus estimates (S&P Global) for AMIH Q3 2023 EPS and revenue were unavailable due to missing Capital IQ mapping, and the company did not furnish Q3 financials or guidance. Values from S&P Global were unavailable.

Key Takeaways for Investors

• Transparency risk is elevated: AMIH did not file Q3 results/call and suspended reporting via Form 15‑12G, reducing financial visibility and increasing information risk .
• Liquidity and balance sheet constraints persist: minimal cash, large working capital deficit, significant convertible debt and derivative liabilities; equity overhang/dilution risk remains high .
• Operations are showing early production traction: ~66% oil production increase to ~25 barrels/day and planned refracs in Q3 suggest potential incremental uplift, contingent on execution and funding .
• Potential funding path with dilution: $20M equity line and $400K bridge note provide capital access at a discount to market, implying shareholder dilution if utilized .
• Near‑term trading implications: Expect the stock to be sensitive to any operational updates (refrac outcomes, production reports) and financing announcements; lack of periodic financials may heighten volatility and widen bid‑ask spreads .
• Medium‑term thesis considerations: A vertically integrated model could lower field costs, but the company’s ability to scale production, manage liabilities, and restore reporting transparency will drive valuation credibility .
• Monitoring list: production updates, any new filings or operating reports, financing draws under the equity line, and progress on refrac/workover campaigns .

References: Q1 2023 Form 10‑Q (filed 2023‑07‑13) ; Fiscal year change 8‑K (filed 2023‑08‑16) ; Form 15‑12G (filed 2023‑12‑13) ; Operations press release/QFOR 8‑K (filed 2023‑04‑03) .