TLSS files Freight Connections audited financials; 2021 revenue $8.92M, net income $1.03M

Transportation & Logistics Systems, Inc.

Freight Connections revenue $8.92M in 2021, up 40% from $6.36M in 2020.
Net income of $1.03M in 2021 vs $0.36M in 2020; gross profit $4.10M.
Total assets $2.77M at Dec 31, 2021; cash $88.7K, down from $292.6K a year earlier.
Acquired by TLSS subsidiary on Sept 16, 2022; pro forma financials included.
Operating income $1.44M in 2021; income before taxes $1.48M.

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