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I'm happy to help you with that! PATCH Amps, Inc. is a public company that trades on the OTC Markets Group's OTCQB marketplace under the ticker symbol "PATCH." The company is focused on the design, development, and manufacturing of audio products, particularly high-end guitar patch cable systems.
According to the company's most recent quarterly report, PATCH Amps, Inc. had net sales of approximately $366,000 for the nine months ended September 30, 2021, representing a significant increase from the same period in 2020. The company's gross profit for the same period was approximately $222,000, resulting in a gross margin of 60.7%.
PATCH Amps, Inc. has been able to achieve this growth through a combination of product innovation and strong marketing efforts. The company's flagship product, the PATCH Panel, is a customizable and modular patch panel system that allows musicians to easily and efficiently route audio signals. The company has also developed a range of other audio products, including patch cables, pedalboards, and other accessories.
In terms of financial metrics, PATCH Amps, Inc. had total assets of approximately $1.2 million as of September 30, 2021, and total liabilities of approximately $558,000, resulting in stockholders' equity of approximately $626,000.
Overall, PATCH Amps, Inc. appears to be a growing company with a unique product offering in the audio industry. While investing in any stock involves risks, PATCH Amps, Inc. may be worth considering for investors who are interested in the audio equipment market. As with any investment decision, it's important to conduct thorough research and consider seeking the advice of a financial advisor.