Essex Rental Corporation (ESSX) is a provider of equipment rental and
sales services for the crane and heavy equipment industry. The
company's fleet includes a variety of cranes, including tower cranes,
crawler cranes, and mobile cranes, as well as other heavy equipment
such as forklifts and aerial lifts.
Essex Rental Corporation's
customers include construction companies, industrial companies, and
other businesses that require heavy equipment for their operations.
The company operates through its subsidiary, Essex Crane Rental Corp.
Essex Rental Corporation was founded in 2010 and is headquartered
in Buffalo Grove, Illinois. The company had faced some financial
challenges in recent years, with declining revenue and net income. The
company's total revenue for the fiscal year 2020 was $33.2 million,
representing a decline from $43.2 million in the previous year. Net
loss for the same period was $13.6 million, a decline from a net loss
of $12.3 million in the previous year.
Essex Rental Corporation
has a market capitalization of approximately $12 million as of my
knowledge cutoff of September 2021, and its stock is listed on the OTC
Pink market under the ticker symbol ESSX.
The heavy equipment
rental industry is subject to various risks, including changes in
demand for construction and industrial services, as well as
competition from other rental companies. However, Essex Rental
Corporation's focus on the crane and heavy equipment industry and its
efforts to address its financial challenges should position it for
improved performance in
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