secwatch.observer — SEC 8-K summary
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Issuer:     JANEL CORP (JANL)
CIK:        0001133062
Form:       8-K/A
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001140361-21-036436
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Janel acquires ELFS; 2020 revenue $68.9M, net income $2.93M; H1 2021 net income $1.99M
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- Audited 2020: service revenue $68.9M (down 16% from $81.5M in 2019), net income $2.93M (up 87% from $1.56M).
- Unaudited H1 2021: revenue $36.7M (+4% YoY), net income $1.99M (down 14% from $2.33M in H1 2020).
- Trucking revenue 2020: $45.9M (67% of total); air freight $8.9M; warehousing $4.2M.
- At June 30, 2021: cash $1.46M, members' equity $8.43M, line of credit zeroed; total debt $2.06M.
- ELFS is a logistics provider with offices in TX, LA, CO, OK; acquisition closed prior to this filing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1133062/000114036121036436/0001140361-21-036436-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1133062/000114036121036436/brhc10030348_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-036436

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