Business
Armlogi Holding Corp. Announces Fiscal 2025 Second Quarter and Six-Month Results
Expanded from 9 to 10 warehouses throughout the first half of fiscal year 2025Total warehouse space increased from 2 million to over 3.5 million square
About this update from Armlogi Holding Corp.
[{"type":"text","content":"Expanded from 9 to 10 warehouses throughout the first half of fiscal year 2025Total warehouse space increased from 2 million to over 3.5 million square feetMajor presence in California, Georgia (Savannah), and Illinois (St. Louis Metro Area) WALNUT, Calif., Feb. 14, 2025 (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 announced financial results for its fiscal 2025 second quarter and first half ended December 31, 2024. Today, the Company filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission. Financial Results for the Three Months Ending December 31, 2024: Total revenue increased by $9.1 million, or 21.8%, to $51.1 million during the three months ended December 31, 2024, compared to $42.0 million for the same period in 2023. Revenue from our transportation services increased by $6.2 million, or 20.8%, to $36.1 million during the three months ended December 31, 2024, compared with $29.9 million during the three months ended December 31, 2023, due to the addition of new warehouse locations, which has enabled an increase in shipment volume compared to the same period in 2023. This segment comprises reselling third-party carrier services to our customers.Revenue from our warehousing services increased by $3.1 million, or 25.7%, to $15.0 million during the three months ended December 31, 2024, compared with $11.9 million during the three months ended December 31, 2023, driven by the addition of new 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 96%. This segment is primarily comprised of customs brokerage services. Costs of sales increased by $16.3 million, or 47.6%, to $50.7 million during the three months ended December 31, 2024, compared with $34.3 million during the same period in 2023. The increase was driven by a rise in freight expenses due to higher UPS shipping charges and increases in lease expenses, employee salary and benefits, and temporary labor costs, as we expanded our warehouse and operations team to support growth. Our freight expenses, lease exp...