earnings
confidence high
sentiment neutral
materiality 0.80
Armlogi Reports Revenue Growth for Nine Months Ended March 31, 2024
Armlogi Holding Corp.
- Total revenue for nine months ended March 31, 2024 was $121.7 million, up 39.9% from $87.0 million
- Net income for nine months was $7.2 million, down from $9.0 million in prior year
- Completed IPO in May 2024 of 1,600,000 shares at $5.00 per share for $8 million gross proceeds
- Signed lease for new 733,200 sq ft warehouse near Port of Savannah, Georgia
- Became authorized warehouse provider for Temu marketplace and announced partnership with Massimo Group