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Armlogi Reports Financial Results for the First Quarter Ended September 30, 2024 [Yahoo! Finance]

Massimo Group (MAMO) 
Company Research Source: Yahoo! Finance
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 comprises inventory management and storage offerings. Revenue from other services decreased by $0.2 million, or 92%. This segment is primarily c Show less Read more
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