secwatch.observer — SEC 8-K summary
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Issuer:     Armlogi Holding Corp. (BTOC)
CIK:        0001972529
Form:       8-K
Filed at:   2024-09-26T23:59:59+00:00
Accession:  0001213900-24-081988
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Armlogi FY2024 revenue up 24% to $167M; net income drops 47% to $7.4M
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- Revenue rose 23.6% to $167.0M; transportation revenue +18.8%, warehousing +38.1%.
- Net income fell to $7.4M from $13.9M; gross margin contracted to 10.8% from 19.1%.
- Costs increased 36.2% to $148.9M; rental expense doubled to $30.4M on expansion.
- Closed $8M IPO of 1.6M shares at $5.00 per share in May 2024.
- New 733,200 sq ft Savannah warehouse (SAV1) became operational in August; >70% occupancy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1972529/000121390024081988/0001213900-24-081988-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1972529/000121390024081988/ea0215557-8k_armlogi.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-081988

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