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Armlogi Holding Corp. - $BTOC STOCK NEWS

Welcome to our dedicated page for Armlogi Holding news (Ticker: $BTOC), a resource for investors and traders seeking the latest updates and insights on Armlogi Holding stock.

Armlogi Holding Corp. (NASDAQ: BTOC) is a rapidly expanding U.S.-based warehousing and logistics service provider. The company offers a comprehensive suite of supply-chain solutions focusing on warehouse management and order fulfillment. Catering primarily to cross-border e-commerce merchants, Armlogi assists businesses aiming to establish a strong presence in the U.S. market.

Headquartered in Walnut, California, Armlogi operates eleven strategically located warehouses across the United States, covering over two million square feet in aggregate. These state-of-the-art facilities are equipped with advanced automated sorting systems, heavy-duty forklifts, and specialized equipment suitable for handling and storing large and bulky items.

In recent developments, Armlogi has successfully launched its initial public offering (IPO) on the Nasdaq Exchange, offering 1,600,000 shares at an open price of $5.00 per share. This move is expected to raise $8,000,000, providing the company with additional resources to drive growth and innovation. This IPO marks a significant milestone, reflecting the company's achievements and setting the stage for future expansion and success.

Armlogi's latest strategic partnership with Massimo Group (NASDAQ: MAMO), a well-known manufacturer and distributor of powersports vehicles and pontoon boats, underscores its commitment to operational excellence. This collaboration aims to enhance supply chain efficiencies by optimizing the delivery, assembly, and distribution of vehicle components closer to their final destinations.

Financially, the company continues to demonstrate robust performance. Armlogi's upcoming release of unaudited financial results for Q3 and the nine months ended March 31, 2024, will further shed light on its financial health and operational progress. The company's management team, led by Chairman and CEO Aidy Chou, remains committed to transparency and investor engagement, as evidenced by their planned earnings conference call.

In summary, Armlogi Holding Corp. stands out as a key player in the U.S. warehousing and logistics sector, offering innovative and reliable supply chain solutions. Its strategic partnerships, state-of-the-art facilities, and strong market presence position it for continued growth and success.

Rhea-AI Summary

Armlogi Holding Corp. (Nasdaq: BTOC), a U.S.-based warehousing and logistics service provider, reported a substantial revenue increase for the nine months ending March 31, 2024. Total revenue was $121.7 million, up 39.9% from $87.0 million the previous year. The Transportation Services segment saw a 36.6% revenue growth to $84.7 million, while the Warehousing Services segment's revenue surged 49.2% to $36.6 million. However, net income for the same period decreased to $7.2 million from $9.0 million.

Key operational highlights include the initial public offering in May, generating $8 million in gross proceeds, a new 733,200-square-foot warehouse lease near the Port of Savannah, and new partnerships with Temu marketplace and Massimo Group. Armlogi's CEO, Aidy Chou, emphasized the company's strong growth trajectory supported by advanced technology and strategic expansions. A conference call to discuss these results will take place on June 13, 2024.

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Armlogi Holding Corp. (Nasdaq: BTOC), a U.S. logistics and warehousing service provider, has announced a strategic partnership with Massimo Group (Nasdaq: MAMO), a manufacturer of powersports vehicles and pontoon boats. This collaboration aims to optimize the delivery, assembly, and distribution processes for vehicle components. Under the agreement, Armlogi will manage and store Massimo's vehicle kits from Asian suppliers at its U.S. facilities. Massimo will assemble the vehicles at these locations, with Armlogi overseeing inventory management and logistics for final delivery across the U.S. The partnership is expected to enhance operational capabilities and customer satisfaction by leveraging Armlogi's advanced logistics solutions.

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Armlogi Holding Corp. (Nasdaq: BTOC) will announce its unaudited financial results for the third quarter and nine months ended March 31, 2024, on Thursday, June 13, 2024, before the market opens. The U.S.-based warehousing and logistics service provider will hold an earnings conference call at 1:30 P.M. Pacific Time (4:30 P.M. Eastern Time) on the same day. The call will be led by CEO Aidy Chou and CFO Ian Zhou, with other executives available to answer questions. Interested parties can join the call by dialing 1-800-579-2543 with the conference ID: ARMLOGI or listen to a live webcast available online.

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Massimo Group (NASDAQ: MAMO), a manufacturer and distributor of powersports vehicles and pontoon boats, has announced a strategic partnership with Armlogi Holding Corp (NASDAQ: BTOC), a logistics service provider. This collaboration aims to enhance Massimo's operational capabilities by aligning vehicle assembly and delivery closer to order destinations.

Under the agreement, Massimo will utilize Armlogi's warehouses in Savannah, GA, Edison, NJ, and Walnut, CA for vehicle kit assembly, inventory management, and delivery services. This partnership complements Massimo's recent warehouse expansion in Garland, TX. Armlogi's advanced technology and ISO 9001 industry standards are expected to streamline Massimo's supply chain, meeting the rising demand for their products across key U.S. markets.

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Armlogi Holding Corp. (Nasdaq: BTOC) has announced its new role as an authorized warehouse provider for sellers on the Temu marketplace. This partnership will allow Temu sellers access to Armlogi's advanced warehousing and logistics services, improving order fulfillment and inventory management. The collaboration aims to enhance the operational capabilities of Temu sellers, helping them meet consumer demand more efficiently. CEO Aidy Chou stated that this alliance aligns with Armlogi's mission to empower e-commerce businesses and is expected to drive near-term growth and strengthen Armlogi’s market position in the logistics industry.

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Armlogi Holding Corp. (Nasdaq: BTOC) announced the signing of a lease for a new 733,200 sq ft warehouse near the Port of Savannah, Georgia. This eleventh warehouse aims to support increasing demand at this pivotal East Coast logistics hub.

The Port of Savannah, a major logistics center, connects the U.S. to global markets and reaches 65% of the U.S. population within a two-day drive. With the largest single-terminal container facility in North America and the third busiest U.S. container port, the port handles significant cargo volumes. In March 2024, rail cargo volumes increased by 22% year over year, with 44,902 containers and a total of 436,000 Twenty-foot Equivalent Units, a 19% rise year over year.

CEO Aidy Chou highlighted the strategic importance of the new warehouse in enhancing operational efficiency and connectivity to global markets, aiming to meet growing demand and deliver exceptional service.

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Armlogi Holding Corp. (Nasdaq: BTOC), a U.S.-based warehousing and logistics service provider, announced the closing of its $8 million initial public offering (IPO). The IPO included 1.6 million shares at $5.00 each. An additional 240,000 shares are available to underwriters for over-allotments. The net proceeds are earmarked for expanding their warehouse network, developing logistics services, and international ocean freight services. EF Hutton was the sole book-running manager for the offering, which began trading on May 14, 2024. Legal counsel was provided by Hunter Taubman Fischer & Li for Armlogi and VCL Law LLP for EF Hutton.

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Armlogi Holding Corp., consulted by ATIF Holdings (NASDAQ: ATIF), has successfully listed on the Nasdaq Exchange as of May 14, 2024. The company offered 1,600,000 shares at $5.00 per share, aiming to raise $8,000,000.

Armlogi, based in California, specializes in warehousing and logistics services, providing supply chain solutions related to warehousing management and order fulfillment. The initial public offering (IPO) is expected to close around May 15, 2024.

Jun Liu, President and CEO of ATIF, expressed enthusiasm for Armlogi's Nasdaq listing, highlighting it as a milestone for the company's growth and innovation.

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Armlogi Holding Corp (Nasdaq: BTOC) has announced the pricing of its initial public offering (IPO) at $5.00 per share, aiming to raise $8 million in gross proceeds. The offering includes 1,600,000 shares of common stock with an additional 45-day option for underwriters to purchase up to 240,000 more shares for over-allotments. The shares will begin trading on the Nasdaq Global Market on May 14, 2024, under the ticker symbol 'BTOC' and the offering is expected to close by May 15, 2024. EF Hutton is the sole book-running manager for this offering.

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FAQ

What does Armlogi Holding Corp. do?

Armlogi Holding Corp. is a U.S.-based warehousing and logistics service provider offering supply-chain solutions for warehouse management and order fulfillment.

Where is Armlogi Holding Corp. headquartered?

Armlogi Holding Corp. is headquartered in Walnut, California.

How many warehouses does Armlogi operate?

Armlogi operates eleven warehouses across the United States, covering over two million square feet.

What technology and equipment do Armlogi warehouses use?

Armlogi's warehouses are equipped with automated sorting systems, heavy-duty forklifts, and specialized equipment for handling large and bulky items.

What recent financial milestone did Armlogi achieve?

Armlogi Holding Corp. recently launched its initial public offering (IPO) on Nasdaq, offering 1,600,000 shares at $5.00 per share.

Who are Armlogi’s primary customers?

Armlogi primarily caters to cross-border e-commerce merchants looking to establish overseas warehouses in the U.S. market.

What recent partnership did Armlogi announce?

Armlogi recently announced a strategic partnership with Massimo Group to enhance operational capabilities and efficiencies in vehicle component delivery and assembly.

When will Armlogi release its latest financial results?

Armlogi plans to release its unaudited financial results for Q3 and the nine months ended March 31, 2024, on June 13, 2024.

How can investors participate in Armlogi’s earnings conference call?

Investors can join the earnings conference call by dialing 1-800-579-2543 and using the conference ID: ARMLOGI. A live audio webcast will also be available online.

What are the benefits of Armlogi’s IPO?

Armlogi's IPO is expected to raise $8,000,000, providing additional resources to drive growth and innovation.

Armlogi Holding Corp.

Nasdaq:BTOC

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194.27M
41.60M
Public Warehousing & Storage
United States of America
WALNUT