Financial Performance - Revenue for the three months ended March 31, 2025, was 38.44 million in the same period of 2024[11] - Net loss for the nine months ended March 31, 2025, was 7.18 million for the same period in 2024[11] - For the nine months ended March 31, 2025, total revenue was 121,689,863 in the same period of 2024[37] - The company reported a net loss of 7.2 million for the same period in 2024[113] - Basic and diluted loss per share for the nine months ended March 31, 2025, was 0.18 in the same period of 2024[99] Revenue Breakdown - Transportation services revenue increased to 84,664,603 in the prior year[37] - Warehousing services revenue rose to 36,606,859 in the previous year[37] - Revenue from transportation services increased by 4.0 million, or 29.7%, during the three months ended March 31, 2025[117] Costs and Expenses - The company reported a total operating costs and expenses of 8.10 million for the same period in 2024, an increase of 33.4%[11] - Costs of sales for the three months ended March 31, 2025, increased by 45.6 million, driven by higher freight expenses and increased lease and labor costs[116] - Costs of sales for the nine months ended March 31, 2025, increased by 178.04 million as of March 31, 2025, from 30.18 million as of March 31, 2025, down from 133.28 million as of March 31, 2025, from 133,283,706 and 9.41 million, compared to (5,641,142), compared to net cash provided of 9.6 million decrease in cash inflow[133] - For the nine months ended March 31, 2025, net cash provided by financing activities was 8.1 million of net proceeds from the Pre-Paid Advance under the SEPA[138] Shareholder Information - The weighted average number of shares of common stock-basic and diluted increased to 41.71 million for the three months ended March 31, 2025, from 40 million in the same period of 2024[11] - The weighted average number of shares of common stock outstanding was 41,651,007 for the nine months ended March 31, 2025, compared to 40,000,000 for the same period in 2024[99] - The Company issued 434,879 shares of common stock at a price of US750,000 through the conversion of the SEPA loan[88] Operational Highlights - The company operates as a third-party logistics provider, focusing on multi-modal transportation and logistics services primarily in the United States[17] - The company operates ten warehouses with a total gross floor area of approximately 3,925,020 square feet as of March 31, 2025[112] - The company has 100% ownership in several subsidiaries, including Armstrong Logistic Inc. and Armlogi Truck Dispatching LLC, incorporated in California[22] Compliance and Regulatory - The company filed its Articles of Incorporation and Bylaws on September 22, 2023, as part of its S-1 registration statement[3.1][3.3] - Certifications of the Principal Executive and Financial Officers were filed in accordance with the Sarbanes-Oxley Act of 2002[31.1][31.2] - The company is in compliance with the Securities Exchange Act of 1934, as indicated by the signatures of authorized representatives[162]
Armlogi Holding Corp.(BTOC) - 2025 Q3 - Quarterly Report