Armlogi Holding Corp. Files 2024 Annual Report
Ticker: BTOC · Form: 10-K · Filed: Sep 26, 2024 · CIK: 1972529
Sentiment: neutral
Topics: 10-K, annual-report, warehousing
TL;DR
Armlogi Holding Corp. filed its 2024 10-K. Full financials and ops details inside.
AI Summary
Armlogi Holding Corp. filed its annual report (10-K) for the fiscal year ended June 30, 2024. The company, incorporated in Nevada and headquartered in Walnut, California, operates in the public warehousing & storage industry. The filing covers its financial performance and business operations for the period.
Why It Matters
This 10-K filing provides investors and stakeholders with a comprehensive overview of Armlogi Holding Corp.'s financial health and operational status for the fiscal year ending June 30, 2024.
Risk Assessment
Risk Level: low — This is a standard annual financial filing and does not inherently present new risks.
Key Numbers
- 0630 — Fiscal Year End (Indicates the end of the reporting period for the 10-K.)
- 91789 — ZIP Code (Part of the company's principal executive office address.)
Key Players & Entities
- Armlogi Holding Corp. (company) — Registrant
- 20301 East Walnut Drive North, Walnut, California, 91789 (location) — Principal executive offices and mailing address
- June 30, 2024 (date) — Fiscal year end
- Nevada (location) — State of incorporation
- 001-42099 (other) — SEC file number
FAQ
What is Armlogi Holding Corp.'s primary business activity?
Armlogi Holding Corp. operates in the Public Warehousing & Storage industry, as indicated by its Standard Industrial Classification code 4220.
In which state is Armlogi Holding Corp. incorporated?
Armlogi Holding Corp. is incorporated in Nevada.
What is the address of Armlogi Holding Corp.'s principal executive offices?
The principal executive offices are located at 20301 East Walnut Drive North, Walnut, California, 91789.
What is the SEC file number for Armlogi Holding Corp.?
The SEC file number for Armlogi Holding Corp. is 001-42099.
For which fiscal year is this 10-K report filed?
This 10-K report is filed for the fiscal year ended June 30, 2024.
Filing Stats: 4,442 words · 18 min read · ~15 pages · Grade level 13.4 · Accepted 2024-09-26 08:00:22
Key Financial Figures
- $0.00001 — ch registered Common stock, par value $0.00001 per share BTOC The Nasdaq Stock Market
- $167.0 million — 2024 and 2023, we had total revenue of $167.0 million and $135.0 million, respectively, and n
- $135.0 m — had total revenue of $167.0 million and $135.0 million, respectively, and net income of
- $7.4 million — illion, respectively, and net income of $7.4 million and $13.9 million, respectively. While
- $13.9 m — ely, and net income of $7.4 million and $13.9 million, respectively. While we do not ha
- $3 — xt two years, with an estimated cost of $3 to $4 million. To finance the expansion
- $4 million — years, with an estimated cost of $3 to $4 million. To finance the expansion of our servic
- $5.00 — 00 shares of common stock at a price of $5.00 per share. In connection with the IPO,
- $5 — ve service fees, typically ranging from $5 to $75 for each service, depending on v
- $75 — vice fees, typically ranging from $5 to $75 for each service, depending on various
- $50 — vice fees, typically ranging from $3 to $50 for each service, based on the specific
- $20 — from customers, typically ranging from $20 to $200 per each service, depending on
- $200 — ustomers, typically ranging from $20 to $200 per each service, depending on the numb
Filing Documents
- ea0215456-10k_armlogi.htm (10-K) — 923KB
- ea021545601ex4-2_armlogi.htm (EX-4.2) — 17KB
- ea021545601ex19-1_armlogi.htm (EX-19.1) — 209KB
- ea021545601ex31-1_armlogi.htm (EX-31.1) — 9KB
- ea021545601ex31-2_armlogi.htm (EX-31.2) — 9KB
- ea021545601ex32-1_armlogi.htm (EX-32.1) — 4KB
- ea021545601ex32-2_armlogi.htm (EX-32.2) — 4KB
- ea021545601ex97-1_armlogi.htm (EX-97.1) — 35KB
- image_001.jpg (GRAPHIC) — 97KB
- image_002.jpg (GRAPHIC) — 6KB
- 0001213900-24-081967.txt ( ) — 5870KB
- btoc-20240630.xsd (EX-101.SCH) — 52KB
- btoc-20240630_cal.xml (EX-101.CAL) — 52KB
- btoc-20240630_def.xml (EX-101.DEF) — 245KB
- btoc-20240630_lab.xml (EX-101.LAB) — 436KB
- btoc-20240630_pre.xml (EX-101.PRE) — 257KB
- ea0215456-10k_armlogi_htm.xml (XML) — 490KB
Business
Business 1 Item 1A.
Risk Factors
Risk Factors 11 Item 1B. Unresolved Staff Comments 27 Item 1C. Cybersecurity 28 Item 2.
Properties
Properties 29 Item 3.
Legal Proceedings
Legal Proceedings 29 Item 4. Mine Safety Disclosure 29 PART II 30 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. 30 Item 6. [Reserved] 31 Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 31 Item 7A.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 39 Item 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data F-1 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 40 Item 9A.
Controls and Procedures
Controls and Procedures 40 Item 9B. Other Information 40 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 40 PART III 41 Item 10. Directors, Executive Officers and Corporate Governance 41 Item 11.
Executive Compensation
Executive Compensation 41 Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 41 Item 13. Certain Relationships and Related Transactions, and Director Independence 41 Item 14. Principal Accounting Fees and Services 41 PART IV 42 Item 15. Exhibit and Financial Statement Schedules 42 Item 16. Form 10-K Summary 43
Signatures
Signatures 44 i PART I
Business
Item 1. Business. Overview We are a fast-growing U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions relating to warehouse management and order fulfillment. With the boom of e-commerce and Internet technology, along with the development of global supply chains, a growing number of merchants are seeking to sell their products through international e-commerce platforms, such as Amazon and eBay. These merchants, however, are confronted with major logistical challenges because of the complexities involved in shipping goods across borders. Specifically, when a foreign consumer places an order online, it can take a long time for the goods to be delivered from one country to another (especially for bulky items), while facing high damage rates and congestion during peak seasons. One of the solutions to such problems is to set up overseas warehouses, which are local storage facilities established in a foreign country where the cross-border merchants intend to sell their goods. Cross-border e-commerce merchants can export goods in batches in advance to overseas warehouses, which can then be delivered to overseas consumers once orders are placed via e-commerce platforms. As a result, the delivery time and the rate of damaged and lost packages may be reduced significantly, therefore enhancing the shopping experience of consumers. We provide one-stop warehousing and logistics services to cross-border e-commerce merchants outside the U.S. who seek to sell in the U.S. market. We currently operate nine warehouses across the country, with an aggregate gross floor area of approximately 2,765,667 square feet. Aside from a nationwide footprint and large storage space, our warehouses are equipped with automated sorting systems, heavy-duty forklifts, and pallets and trays that are suitable for processing bulky items. As a one-stop warehousing and logistics service provider, we offer a full spectrum of services, includi