Logistics service firm Armlogi's Q1 net loss widens

Overview

• Armlogi fiscal Q1 revenue rises 16.5% yr/yr, driven by strong demand for services

• Net loss for fiscal Q1 widens to $6.5 mln from $4.6 mln last year

• Gross loss improves despite freight cost pressures, reflecting operational progress

Outlook

• Company to focus on maximizing expanded warehouse network and improving gross margins

• Armlogi aims to leverage infrastructure and customer base for long-term value

• Company highlights importance of Illinois facility for Midwest expansion

Result Drivers

• TRANSPORTATION VOLUME - Transportation services revenue increased 12.6% due to higher shipment volumes from new warehouse locations

• WAREHOUSING EXPANSION - Warehousing services revenue rose 24.4% driven by the expansion of the company's warehouse network

• COST MANAGEMENT - Improved gross loss margin despite freight cost pressures due to diversified carrier relationships and competitive pricing

Key Details

Press Release: ID:nGNX8nF22H

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