Welcome to our dedicated page for PS International news (Ticker: PSIG), a resource for investors and traders seeking the latest updates and insights on PS International stock.
PS International Group Ltd (PSIG) maintains this dedicated news hub for investors and business partners seeking authoritative updates on its global logistics operations. Our curated collection features official press releases and verified news coverage spanning the company's freight forwarding services, strategic partnerships, and market expansions.
Access timely updates on earnings announcements, operational milestones, and supply chain innovations within the logistics sector. The repository includes critical developments in air/ocean freight capabilities, customs compliance initiatives, and technology investments that shape PSIG's position in global trade networks.
Key content categories encompass financial results, executive appointments, port facility expansions, and sustainability efforts. All materials adhere to strict factual reporting standards, providing stakeholders with reliable information for informed decision-making.
Bookmark this page for streamlined access to PSIG's corporate communications. For real-time updates, consider subscribing to Stock Titan's news alert system through your investor account.
PS International Group (NASDAQ: PSIG) reported its unaudited financial results for H1 2024. The company experienced significant declines across key metrics compared to H1 2023:
- Revenue decreased 41.3% to $39.4 million
- Gross profit fell 84.2% to $1.2 million
- Net loss of $0.4 million compared to prior year's profit of $4.4 million
The company's core business remains air freight forwarding, accounting for 98.2% of total revenue. Export shipments, particularly to the United States (70.5% of export revenue), continue to be the primary revenue source. Freight forwarders represent 99.5% of the customer base. The business combination with AIB Acquisition was completed on July 18, 2024, marking PSIG's listing on Nasdaq.
PS International Group (NASDAQ: PSIG) received a notification from Nasdaq on October 30, 2024, indicating non-compliance with the minimum bid price requirement. The company's shares traded below $1.00 for 30 consecutive business days. PSIG has until April 28, 2025 to regain compliance by maintaining a closing bid price of $1.00 or higher for at least 10 consecutive business days. The notice has no immediate impact on PSIG's business operations or stock listing, which continues trading under 'PSIG'. If compliance isn't achieved by the deadline, the company may be eligible for additional time if it meets other Nasdaq Capital Market listing requirements.
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