Proficient Auto Logistics, Inc.(PAL) - 2025 Q1 - Quarterly Results

Financial Performance - Total Operating Revenue for Q1 2025 was $95.2 million, a 0.7$1.2 million, compared to $1.1 million in Q4 2024 and$6.5 million in Q1 2024[3] - Adjusted EBITDA for Q1 2025 was $7.8 million, with an Adjusted EBITDA Margin of 8.2$3,191,685 for the three months ended March 31, 2025, resulting in a loss per share of $0.12[22] - The company reported total operating expenses of$97,568,527 for the three months ended March 31, 2025[22] Unit Deliveries - Total Units delivered in Q1 2025 were 494,509, a 5% decrease from Q4 2024 but a 7% increase from Q1 2024[3] - Unit deliveries for Company were 163,754 in Q1 2025, down from 171,717 in Q4 2024 but up from 150,481 in Q1 2024[6] Revenue Metrics - Revenue per unit for Company deliveries in Q1 2025 was $185.38, compared to$180.94 in Q4 2024 and $197.38 in Q1 2024[6] - The dedicated fleet revenue for Q1 2025 was$4.3 million, up from $3.4 million in Q4 2024 but down from$6.4 million in Q1 2024[7] - Total operating revenue for the three months ended March 31, 2025, was $95,206,021, with revenue before fuel surcharge at$87,615,128[22] Financial Position - Current assets totaled $69,269,300 as of March 31, 2025, with cash and cash equivalents at$10,910,825[20] - Total assets amounted to $505,270,895, while total liabilities were$169,300,048[20] - The company has a total stockholders' equity of $335,970,847 as of March 31, 2025[20] - Goodwill on the balance sheet was recorded at$170,900,127 as of March 31, 2025[20] - Interest expense for the three months ended March 31, 2025, was $1,570,920[22] Strategic Initiatives - The Company completed the acquisition of Brothers Auto Transport on April 1, 2025, as part of its strategy to gain market share[3] - The Company anticipates ongoing market challenges but aims to leverage recent acquisitions to improve performance[3] - The company is focused on future growth through potential market expansion and strategic acquisitions[17]