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Armlogi Holding Corp. Announces Fiscal 2025 Third Quarter and Nine-Month Results

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Armlogi Holding Corp. (NASDAQ: BTOC) reported its fiscal 2025 Q3 and nine-month financial results. In Q3, revenue increased 19.3% to $45.8 million, but the company faced significant profitability challenges. Gross profit margin declined sharply to 0.6% from 8.6% year-over-year, resulting in a net loss of $3.76 million ($0.09 per share) compared to net income of $0.68 million in Q3 2024. For the nine-month period, revenue grew 14.6% to $139.5 million, but the company reported a gross loss of $2.85 million and a net loss of $10.06 million. The decline in profitability was attributed to increased operational costs, expanded warehouse footprint, and market-related cost pressures. CEO Aidy Chou noted recent positive developments in U.S.-China trade talks, with substantial tariff reductions potentially benefiting the logistics sector.
Armlogi Holding Corp. (NASDAQ: BTOC) ha comunicato i risultati finanziari del terzo trimestre e dei primi nove mesi dell'anno fiscale 2025. Nel terzo trimestre, i ricavi sono aumentati del 19,3% raggiungendo 45,8 milioni di dollari, ma l'azienda ha affrontato significative difficoltà di redditività. Il margine lordo è calato drasticamente allo 0,6% rispetto all'8,6% dello stesso periodo dell'anno precedente, causando una perdita netta di 3,76 milioni di dollari (0,09 dollari per azione) rispetto a un utile netto di 0,68 milioni nel Q3 2024. Nei primi nove mesi, i ricavi sono cresciuti del 14,6% arrivando a 139,5 milioni di dollari, ma l'azienda ha registrato una perdita lorda di 2,85 milioni e una perdita netta di 10,06 milioni. Il calo della redditività è stato attribuito all'aumento dei costi operativi, all'espansione della rete di magazzini e alle pressioni sui costi legate al mercato. Il CEO Aidy Chou ha sottolineato recenti sviluppi positivi nei negoziati commerciali tra Stati Uniti e Cina, con sostanziali riduzioni tariffarie che potrebbero favorire il settore della logistica.
Armlogi Holding Corp. (NASDAQ: BTOC) reportó sus resultados financieros del tercer trimestre y de los primeros nueve meses del año fiscal 2025. En el tercer trimestre, los ingresos aumentaron un 19,3% hasta 45,8 millones de dólares, pero la compañía enfrentó importantes desafíos de rentabilidad. El margen bruto se redujo drásticamente al 0,6% desde el 8,6% interanual, resultando en una pérdida neta de 3,76 millones de dólares (0,09 dólares por acción) en comparación con una ganancia neta de 0,68 millones en el tercer trimestre de 2024. En el período de nueve meses, los ingresos crecieron un 14,6% hasta 139,5 millones de dólares, pero la empresa reportó una pérdida bruta de 2,85 millones y una pérdida neta de 10,06 millones. La disminución en la rentabilidad se atribuyó a mayores costos operativos, expansión de la infraestructura de almacenes y presiones de costos relacionadas con el mercado. El CEO Aidy Chou destacó desarrollos positivos recientes en las negociaciones comerciales entre EE.UU. y China, con reducciones sustanciales de aranceles que podrían beneficiar al sector logístico.
Armlogi Holding Corp. (NASDAQ: BTOC)� 2025 회계연도 3분기 � 9개월 재무 실적� 발표했습니다. 3분기 매출은 19.3% 증가� 4,580� 달러� 기록했으�, 회사� 상당� 수익� 문제� 직면했습니다. 매출총이익률은 전년 동기 대� 8.6%에서 급격� 하락하여 0.6%� 기록했고, � 결과 3분기 순손실은 376� 달러 (주당 0.09달러)� 2024� 3분기 순이� 68� 달러와 비교� 적자� 전환되었습니�. 9개월 누적 기간 동안 매출은 14.6% 증가� 1� 3,950� 달러� 기록했으�, 매출총손� 285� 달러와 순손� 1,006� 달러� 보고했습니다. 수익� 하락은 운영 비용 증가, 물류창고 확장, 시장 관� 비용 압박 때문으로 분석됩니�. CEO 에이� �(Aidy Chou)� 미중 무역 협상에서 최근 긍정적인 진전� 있었으며, 상당� 관� 인하가 물류 부문에 이익� 가져올 � 있다� 언급했습니다.
Armlogi Holding Corp. (NASDAQ : BTOC) a publié ses résultats financiers du troisième trimestre et des neuf premiers mois de l'exercice 2025. Au troisième trimestre, le chiffre d'affaires a augmenté de 19,3% pour atteindre 45,8 millions de dollars, mais l'entreprise a rencontré d'importants défis de rentabilité. La marge brute a fortement chuté à 0,6% contre 8,6% un an plus tôt, entraînant une perte nette de 3,76 millions de dollars (0,09 dollar par action) contre un bénéfice net de 0,68 million au troisième trimestre 2024. Sur les neuf premiers mois, le chiffre d'affaires a progressé de 14,6% pour s'établir à 139,5 millions de dollars, mais la société a enregistré une perte brute de 2,85 millions et une perte nette de 10,06 millions. Ce déclin de la rentabilité est attribué à l'augmentation des coûts opérationnels, à l'expansion des entrepôts et aux pressions liées aux coûts du marché. Le PDG Aidy Chou a souligné les développements positifs récents dans les négociations commerciales entre les États-Unis et la Chine, avec des réductions tarifaires substantielles susceptibles de bénéficier au secteur de la logistique.
Armlogi Holding Corp. (NASDAQ: BTOC) hat seine Finanzergebnisse für das dritte Quartal und die ersten neun Monate des Geschäftsjahres 2025 veröffentlicht. Im dritten Quartal stiegen die Umsätze um 19,3% auf 45,8 Millionen US-Dollar, jedoch stand das Unternehmen vor erheblichen Rentabilitätsproblemen. Die Bruttogewinnmarge sank von 8,6% im Vorjahreszeitraum auf 0,6%, was zu einem Nettoverlust von 3,76 Millionen US-Dollar (0,09 US-Dollar pro Aktie) führte, verglichen mit einem Nettogewinn von 0,68 Millionen im dritten Quartal 2024. Im neunmonatigen Zeitraum wuchsen die Umsätze um 14,6% auf 139,5 Millionen US-Dollar, das Unternehmen verzeichnete jedoch einen Bruttoverlust von 2,85 Millionen und einen Nettoverlust von 10,06 Millionen. Der Rückgang der Rentabilität wurde auf gestiegene Betriebskosten, eine erweiterte Lagerinfrastruktur und marktbedingte Kostendrucke zurückgeführt. CEO Aidy Chou hob jüngste positive Entwicklungen in den Handelsgesprächen zwischen den USA und China hervor, wobei erhebliche Zollsenkungen potenziell dem Logistiksektor zugutekommen könnten.
Positive
  • Revenue growth of 19.3% to $45.8 million in Q3 2025
  • Nine-month revenue increased 14.6% to $139.5 million
  • Recent reduction in U.S.-China trade tariffs may benefit operations
  • Continued strong demand for logistics solutions
Negative
  • Q3 gross profit margin declined severely to 0.6% from 8.6% YoY
  • Shifted to gross loss of $2.85 million for nine months from $16.23 million profit last year
  • Net loss of $3.76 million in Q3 2025 vs. net income of $0.68 million in Q3 2024
  • Significant increase in costs of sales (29.8% in Q3) outpacing revenue growth
  • General and administrative expenses increased by 36.7% in Q3

Insights

Armlogi's Q3 shows alarming margin collapse despite revenue growth, with operations swinging to significant losses amid escalating costs.

Armlogi's Q3 results reveal a concerning financial trajectory despite 19.3% revenue growth to $45.8 million. The most alarming metric is the catastrophic gross margin collapse from 8.6% to just 0.6% year-over-year, resulting in gross profit plummeting from $3.32 million to a mere $0.28 million.

The company has swung from an operational profit to a substantial $4.19 million operating loss this quarter. Cost of sales surged by 29.8%, significantly outpacing revenue growth, indicating severe cost control issues. G&A expenses also increased by 36.7% to $4.47 million, further straining profitability.

Nine-month results show an even more troubling picture with a gross loss of $2.85 million compared to a $16.23 million profit in the prior period—a negative 2.0% margin versus 13.3% previously. This has resulted in a $13.65 million operational loss for the nine-month period versus $8.13 million in income last year.

Management attributes these challenges to "operational investments" and "market-related cost pressures," while expressing cautious optimism about reduced U.S.-China trade tensions. However, the financial reality shows a company struggling with fundamental profitability despite growing demand. The severe margin deterioration suggests serious structural issues in Armlogi's business model that extend beyond temporary cost pressures.

The EPS swing from $0.02 to ($0.09) per share for the quarter and from $0.18 to ($0.24) for nine months completes this concerning financial picture. The company faces substantial challenges to return to profitability despite continued top-line growth.

WALNUT, Calif., May 14, 2025 (GLOBE NEWSWIRE) -- Armlogi Holding Corp. (“Armlogi� or the “Company�) (Nasdaq: BTOC), a U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment, today announced financial results for its fiscal 2025 third quarter and nine months ended March 31, 2025.

Financial Results for the Three Months Ended March 31, 2025:

Total revenue increased by approximately $7.4 million, or 19.3%, to $45.8 million during the three months ended March 31, 2025, compared to $38.4 million for the same period in 2024. This growth reflects continued demand for our services.

Costs of sales increased by approximately $10.5 million, or 29.8%, to $45.6 million during the three months ended March 31, 2025, compared with $35.1 million during the same period in 2024. This increase is primarily attributed to higher operational costs associated with service delivery and the expansion of our operational footprint.

Our overall gross profit was $0.28 million for the three months ended March 31, 2025, a decrease from $3.32 million for the same period in 2024. Consequently, the gross profit margin was approximately 0.6% for the current quarter, compared to approximately 8.6% in the prior year’s quarter. This reduction in gross margin reflects the aforementioned increased costs of sales.

General and administrative expenses were $4.47 million for the three months ended March 31, 2025, an increase from $3.27 million in the same period of 2024, reflecting investments to support our growing operations and strategic initiatives.

As a result of these factors, the Company reported a loss from operations of $4.19 million for the three months ended March 31, 2025, compared to income from operations of $0.05 million for the same period in 2024.

Our net loss for the three months ended March 31, 2025, was $3.76 million, or ($0.09) per basic and diluted share. This compares with net income of $0.68 million, or $0.02 per basic and diluted share, for the three months ended March 31, 2024.

Financial Results for the Nine Months Ended March 31, 2025:

Total revenue increased by approximately $17.8 million, or 14.6%, to $139.5 million during the nine months ended March 31, 2025, compared to $121.7 million for the same period in 2024. This growth underscores the sustained demand for our comprehensive logistics solutions.

Costs of sales increased by approximately $36.85 million, or 35.0%, to $142.3 million during the nine months ended March 31, 2025, compared with $105.5 million during the same period in 2024. This increase reflects the costs associated with our expanded operational footprint, investments in service capabilities, and certain market pressures that increased costs of resources necessary for our operations.

Our overall gross loss was $2.85 million for the nine months ended March 31, 2025, a shift from a gross profit of $16.23 million for the same period in 2024. This has resulted in a negative gross profit margin of approximately (2.0)% for the current nine-month period, compared to a positive margin of 13.3% in the prior year’s period. We are focused on initiatives to address these margin challenges, as well as the challenges that may be presented by the U.S.-China trade developments, anticipated cost pressures of which we are endeavoring to mitigate, should they not be favorably resolved, going forward.

General and administrative expenses were $10.80 million for the nine months ended March 31, 2025, an increase from $8.10 million in the same period of 2024, reflecting ongoing investments to scale our business and support our growth trajectory.

Consequently, the Company reported a loss from operations of $13.65 million for the nine months ended March 31, 2025, compared to income from operations of $8.13 million for the same period in 2024.

Our net loss for the nine months ended March 31, 2025, was $10.06 million, or ($0.24) per basic and diluted share. This compares with net income of $7.18 million, or $0.18 per basic and diluted share, for the nine months ended March 31, 2024.

Management Commentary

Aidy Chou, Chairman and Chief Executive Officer of Armlogi, commented, “Our third quarter and nine-month results reflect continued revenue growth, which underscores the ongoing demand for our logistics solutions. At the same time, we continue to face significant operational investments and market-related cost pressures that have impacted our profitability. We are diligently working to optimize our expanded warehouse footprint and enhance operational efficiencies across all our service lines.�

“We are encouraged by the recent development in U.S.-China trade talks, which has resulted in a substantial reduction in tariffs. We believe this may be a positive signal for Armlogi and the broader logistics sector. While we continue to take a cautious approach in our overall planning, prioritizing sustainable growth and improved profitability, the reduction in trade tensions may allow us to look forward with cautious optimism. Our commitment to leveraging technology and delivering comprehensive supply-chain solutions for our clients remains strong as we navigate the evolving economic environment and work to position Armlogi for potential future growth.�

Conference Call & Audio Webcast

Armlogi’s management team will hold an earnings conference call at 8:00 am Pacific Time (11:00 am Eastern Time) on Friday, May 16, to discuss the Company’s financial results and provide an overview of the Company’s operations. Armlogi’s management team will lead the conference call and answer investor questions.

To access the call by phone, please dial 1-800-274-8461 (international callers, please dial 1-203-518-9814) approximately 10 minutes before the start of the call. Refer to conference ID: ARMLOGI. **NOTE: THIS CONFERENCE ID WILL BE REQUIRED FOR ENTRY

A live audio conference call webcast will be available online at .

About Armlogi Holding Corp.

Armlogi Holding Corp., based in Walnut, CA, is a U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions relating to warehouse management and order fulfillment. The Company caters to cross-border e-commerce merchants looking to establish overseas warehouses in the U.S. market. With ten warehouses covering over three and a half million square feet, the Company offers comprehensive one-stop warehousing and logistics services. The Company’s warehouses are equipped with facilities and technology for handling and storing large and bulky items. For more information, please visit .

Armlogi is on X (formerly Twitter). Sign up to follow at .
Armlogi is on LinkedIn; follow us at .

Forward-Looking Statements

This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,� “should,� “expects,� “anticipates,� “contemplates,� “estimates,� “intends,� “believes,� “plans,� “projected,� “predicts,� “potential,� or “hopes� or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us.

Company Contact:
[email protected]

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email:

(tables follow)
ARMLOGI HOLDING CORP.
CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF MARCH 31, 2025 AND JUNE 30, 2024
(US$, except share data, or otherwise noted)
March 31,
2025
June30,
2024
US$US$
Unaudited
Assets
Current assets
Cash5,631,2477,888,711
Accounts receivable and other receivable, net26,843,49125,465,044
Other current assets2,222,0121,624,611
Prepaid expenses1,204,9921,129,435
Loan receivables3,845,4021,877,131
Total current assets39,747,14437,984,932
Non-current assets
Restricted cash3,779,5722,061,673
Long-term loan receivables2,908,636
Property and equipment, net11,660,55711,010,407
Intangible assets, net66,00292,708
Right-of-use assets–operating leases122,126,701111,955,448
Right-of-use assets–finance leases201,012309,496
Other non-current assets459,555711,556
Total assets178,040,543167,034,856
LIABILITIES AND STOCKHOLDERS� EQUITY
Liabilities:
Current liabilities
Accounts payable and accrued liabilities6,870,8677,502,339
Contract liabilities468,128276,463
Income taxes payable57,589
Due to related parties350,209
Accrued payroll liabilities687,530405,250
Convertible notes6,337,398
Operating lease liabilities–current28,297,64824,216,446
Finance lease liabilities–current139,331155,625
Total current liabilities42,800,90232,963,921
Non-current liabilities
Operating lease liabilities–non-current104,986,05893,126,092
Finance lease liabilities–non-current77,042169,683
Deferred income tax liabilities-1,536,455
Total liabilities147,864,002127,796,151
Commitments and contingencies
Stockholders� equity
Common stock, US$0.00001 par value, 100,000,000 shares authorized, 42,112,026 and 41,634,000 issued and outstanding as of March 31, 2025 and June 30, 2024, respectively421416
Additional paid-in capital16,468,85915,468,864
Retained earnings13,707,26123,769,425
Total stockholders� equity30,176,54139,238,705
Total liabilities and stockholders� equity178,040,543167,034,856


ARMLOGI HOLDING CORP.
CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
FOR THE THREE AND NINE MONTHS ENDED MARCH 31, 2025 AND2024
(US$, except share data, or otherwise noted)
ThreeMonths
Ended
March31,
2025
ThreeMonths
Ended
March31,
2024
NineMonths
Ended
March31,
2025
NineMonths
Ended
March31,
2024
US$US$US$US$
UnauditedUnauditedUnauditedUnaudited
Revenue45,844,32238,439,935139,469,900121,689,863
Costs of sales45,566,20235,115,736142,315,578105,461,383
Gross profit (loss)278,1203,324,199(2,845,678)16,228,480
Operating costs and expenses:
General and administrative4,472,8133,269,49310,800,7948,097,196
Total operating costs and expenses4,472,8133,269,49310,800,7948,097,196
Income (loss) from operations(4,194,693)54,706(13,646,472)8,131,284
Other (income) expenses:
Other income, net(718,025)(914,419)(2,488,346)(1,902,813)
Loss on disposal of assets43,625
Finance costs278,38511,041367,38237,779
Total other (income) expenses(439,640)(903,378)(2,077,339)(1,865,034)
Income (loss) before provision for income taxes(3,755,053)958,084(11,569,133)9,996,318
Current income tax expense200,6122,079,038
Deferred income tax (recovery) expense75,252(1,506,969)735,459
Total income tax (recovery) expenses275,864(1,506,969)2,814,497
Net income (loss)(3,755,053)682,220(10,062,164)7,181,821
Total comprehensive income (loss)(3,755,053)682,220(10,062,164)7,181,821
Basic& diluted net (loss) earnings per share(0.09)0.02(0.24)0.18
Weighted average number of shares of common stock-basic and diluted41,714,60840,000,00041,651,00740,000,000


ARMLOGI HOLDING CORP.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED MARCH 31, 2025 AND2024 (UNAUDITED)
(US$, except share data, or otherwise noted)
ForThe
Nine Months
Ended
March 31,
2025
ForThe
Nine Months
Ended
March 31,
2024
US$US$
UnauditedUnaudited
Cash Flows from Operating Activities:
Net (loss) income(10,062,164)7,181,821
Net loss from disposal of fixed assets43,6256,895
Depreciation of property and equipment and right-of-use financial assets1,983,1661,444,441
Amortization26,70626,488
Non-cash operating leases expense5,833,7893,450,304
Gain from settlement of commitment payable(100,000)
Accretion of convertible note344,925
Current estimated credit loss228,363(22,827)
Deferred income taxes(1,536,455)735,459
Interest income(96,340)(87,923)
Changes in working capital:
Accounts receivable and other receivables(1,606,810)(7,685,423)
Other current assets(597,401)(376,820)
Other non-current assets252,001
Prepaid expenses(75,557)(425,146)
Accounts payable& accrued liabilities(631,472)(2,212,137)
Contract liabilities191,665(187,925)
Income tax payable(57,589)1,907,403
Accrued payroll liabilities282,280199,806
Net changes in derecognized ROU and operating lease liabilities(63,874)
Net cash (used in) provided from operating activities(5,641,142)3,954,416
Cash Flows from Investing Activities:
Purchase of property and equipment(2,593,457)(3,080,643)
Loan disbursement(1,000,000)(1,600,000)
Proceeds from repayment of loan receivables2,036,705
Proceeds from sale of property and equipment25,000
Net cash used in investing activities(1,531,752)(4,680,643)
Cash Flows from Financing Activities:
Proceeds received from related parties1,000
Deferred issuance costs for initial public offering(638,231)
Repayment to related parties(350,209)511,353
Net proceeds from SEPA8,092,473
Repayment of commitment payable(150,000)
Repayment of finance lease liabilities(108,935)(125,474)
Repayment of SEPA(850,000)
Capital contributions from stockholders466,156
Net cash provided by financing activities6,633,329214,804
Net decrease in cash and restricted cash(539,565)(511,423)
Cash and restricted cash, beginning of year9,950,3846,558,099
Cash and restricted cash, end of nine months periods9,410,8196,046,676
The following table provides a reconciliation of cash and restricted cash reported within the Consolidated Balance Sheets that equal the totals of the same amounts shown in the Consolidated Statements of Cash Flows:
Cash5,631,2473,985,003
Restricted cash � non-current3,779,5722,061,673
Total cash and restricted cash shown in the Consolidated Balance Sheet9,410,8196,046,676
Supplemental Disclosure of Cash Flows Information:
Cash paid for income tax(87,074)(171,635)
Cash paid for interest22,457
Non-cash Transactions:
Right-of-use assets acquired in exchange for operating lease liabilities28,685,91481,927,507
Decrease in right-of-use assets due to remeasurement of lease terms884,394
Shares issued to settle commitment fee250,000
IPO expenses paid by stockholders300,000
Shares issued pursuant to SEPA750,000

FAQ

What was Armlogi's (BTOC) revenue growth in Q3 2025?

Armlogi's revenue grew 19.3% to $45.8 million in Q3 2025, compared to $38.4 million in Q3 2024.

Why did Armlogi (BTOC) report a loss in Q3 2025?

Armlogi reported a loss due to increased operational costs, higher costs of sales (up 29.8%), and reduced gross margins (0.6% vs 8.6% YoY), resulting in a net loss of $3.76 million.

How much was Armlogi's (BTOC) earnings per share in Q3 2025?

Armlogi reported a loss of $0.09 per basic and diluted share in Q3 2025, compared to earnings of $0.02 per share in Q3 2024.

What is the impact of U.S.-China trade developments on Armlogi (BTOC)?

Recent substantial reduction in U.S.-China tariffs is viewed as potentially positive for Armlogi and the broader logistics sector, though the company maintains a cautious approach.

What was Armlogi's (BTOC) gross profit margin in Q3 2025?

Armlogi's gross profit margin declined to 0.6% in Q3 2025, down significantly from 8.6% in Q3 2024.
Armlogi Holding Corp.

NASDAQ:BTOC

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BTOC Stock Data

65.27M
11.75M
72.09%
1.45%
0.8%
Integrated Freight & Logistics
Public Warehousing & Storage
United States
WALNUT