PUDO Q1 revenue jumps 64% on growth in returns business
Overview
PUDO fiscal Q1 revenue grows 64% yr/yr, driven by returns business
Comprehensive loss for the period decreased by 67.9% yr/yr
Returns accounted for 60.6% of revenue, up from 52.4% last year
Outlook
Company sees increasing opportunities in new business and customer expansion
PUDO aims to expand U.S. network to support returns service
PUDO continues to expand PUDO Label Return services with more retailers
Result Drivers
RETURNS BUSINESS - Volume increased by over 500%, driving revenue growth, per CEO Elliott Etheredge
REVENUE COMPOSITION - Returns accounted for 60.6% of revenue, up from 52.4% last year
NETWORK EXPANSION - Expansion of PUDO Label Return services and partnerships with SAAS and 3PL providers contributed to growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue |
| C$1.40 mln |
|
Press Release: ID:nCNWSW1LHa
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