From GlobeNewswire: 2025-02-14 06:15:38

Armlogi Holding Corp. expanded its warehouse presence, increasing total warehouse space from 2 million to over 3.5 million square feet with 10 warehouses. Financially, revenue for the three months ending in December 2024 increased by 21.8% to $51.1 million, with net loss at $1.7 million. Revenue for transportation services grew by 20.8%, while revenue from warehousing services increased by 25.7%. Costs of sales rose by 47.6% due to higher UPS shipping charges. The company reported a net loss of $6.3 million for the six months ending in December 2024. Armlogi’s management emphasized the focus on optimizing operations to address margin compression. They also announced a $50 million Standby Equity Purchase Agreement and $21 million in convertible promissory notes. Warehouse expansions and technology enhancements were highlighted as operational highlights, including the addition of electric forklifts and new transportation partnerships. Management expressed commitment to sustainable, technology-driven growth and outlined steps to improve facility utilization rates.

Source: Globe Newswire.



Read more at GlobeNewswire: Armlogi Holding Corp. Announces Fiscal 2025 Second Quarter