Logistics service firm Armlogi's Q1 net loss widens

Reuters11-14

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

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue		$49.50 mln
Q1 EPS		-$0.15
Q1 Net Income		-$6.50 mln

Press Release: ID:nGNX8nF22H

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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