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Stock impact report

Armlogi Reports Financial Results for the First Quarter Ended September 30, 2024

Armlogi Holding Corp. - common stock (BTOC) 
Company Research Source: GlobeNewswire
WALNUT, Calif., Nov. 15, 2024 (GLOBE NEWSWIRE) -- Armlogi Holding Corp. (“Armlogi” or the “Company”) (Nasdaq: BTOC), a U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment, today reported financial results for the first quarter ended September 30, 2024. Financial Highlights: Total revenue increased by $1.2 million, or 3.0%, to $42.5 million during the three months ended September 30, 2024, compared to $41.2 million for the same period in 2023. Our transportation services segment reported revenue of $28.5 million, a decrease of 4.2% from $29.7 million for the same period in 2023. The decrease was driven by decreases in customer order volume.Our warehousing services segment generated $14.0 million, a 23.8% increase from $11.3 million for the same period in 2023. This growth was driven by the additional warehouses acquired in the last fiscal quarter. This segment Show less Read more
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