Q3 2024 Armlogi Holding Corp Earnings Call

Thank you for standing by and welcome to the arm Laci holding Corp, third quarter 2024 earnings call. Please note that today's call is being recorded.

Operator: Thank you for standing by, and welcome to the Armlogi Holding Corp. 3rd Quarter 2024 Earnings Call. Please note that today's call is being recorded. I will now turn the meeting over to Matthew Abnante, Investor Relations, for Armlogi Holding Corp.

Operator: Thank you for standing by and welcome to the Armlogi Holding Corp. 3rd quarter, 2024 earnings call. Please note that today's call is being recorded.

Matthew Abnante: I will now turn the meeting over to Matthew Abnante, Investor Relations for Armlogi Holding Corp. Thank you, and thanks to everyone for joining us today for Armlogi's inaugural earnings call to discuss the 3rd quarter of 2024. Please note that our earnings repressed release was issued earlier today, and our quarterly report on Form 10-Q was filed with the Securities and Exchange Commission.

Speaker Change: I will now turn the meeting over to Matthew <unk> Investor Relations for arm Laci holding Corp.

Speaker Change: Thank you and thanks to everyone for joining us today for our <unk> inaugural earnings call to discuss the third quarter of 2024. Please.

Matthew Abnante: Thank you, and thanks to everyone for joining us today for Armlogi's inaugural earnings call to discuss the third quarter of 2024. Please note that our earnings press release was issued earlier today, and our quarterly report on Form 10-Q was filed with the Securities and Exchange Commission. Both are available on the Investor Relations section of our website at ir.armlogi.com. Joining us on the call today are Aidee Chow, Chairman and Chief Executive Officer of Armlogi, and Ian Zhao, Chief Financial Officer.

Speaker Change: Please note that our earnings press release was issued earlier today and our quarterly report on Form 10-Q was filed with the Securities and Exchange Commission.

Matthew Abnante: Both are available on the Investor Relations section of our website at ir.armlogi.com. Joining us in the call today are Heidi Chao, Chairman and Chief Executive Officer of Armlogi, and Ian Zhao, Chief Financial Officer. The format of our call will consist of comments provided by management, followed by a question and answer session addressing the questions that were submitted by investors. We thank everyone for submitting these questions.

Speaker Change: Both are available on the Investor Relations section of our website at IR Dot <unk> Dot com.

Speaker Change: Joining us on the call today are Ied Chao, Chairman and Chief Executive Officer of <unk>.

Speaker Change: And Ian Zhao Chief Financial Officer.

Speaker Change: The format of our call will consist of comments provided by management.

Matthew Abnante: The format of our call will consist of comments provided by management, followed by a question and answer session addressing the questions that were submitted by investors. We thank everyone for submitting these questions.

Speaker Change: <unk> by a question and answer session addressing the questions that were submitted by investors.

Speaker Change: We thank everyone for submitting these question.

Matthew Abnante: Before we get started, I am going to review the safe harbor statement. Please note that today's discussion will contain forward looking steep. 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 operating performance, including our financial performance and projections, our growth and 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 terminologies such as may, should, expect, anticipate, contemplate, estimate, intends, believes, lands projected, predict, 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 technologies and changing market needs, and the competitive environment of our business.

Matthew Abnante: Before we get started, I am going to review the safe harbor state. Please note that today's discussion will contain forward-looking speech. 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 operating performance, including our financial performance and projections, our growth and revenue and earnings, and our business prospects and opportunities.

Speaker Change: Before we get started I am going to review the Safe Harbor statement.

Speaker Change: Please note that today's discussion will contain forward looking statements.

Matthew Abnante: You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as may, should, expect, anticipate, contemplate, estimate, intends, believes, plans, projected, predict, potential, or hope, 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 technologies and changing market needs, and the competitive environment of our business.

Speaker Change: In addition from time to time, we are or our representatives may make forward looking statements orally or in writing.

Speaker Change: We base. These forward looking statements on our expectations and projections about future events, which we derived from the information currently available to us.

Speaker Change: Such forward looking statements relate to future events or future operating performance, including our financial performance and projections our growth in revenue and earnings.

Speaker Change: Our business prospects and opportunities.

Speaker Change: You can identify forward looking statements like those that are not historical in nature, particularly those that use terminology such as may should expect anticipate contemplate estimates.

Speaker Change: Intends believes plans projected predict potential or hopes.

Speaker Change: Or the negative of these or similar terms.

Speaker Change: 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 technologies and changing market needs and the competitive environment to their business.

Matthew Abnante: These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. We're not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions. The forward looking events discussed on this call 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 risk, uncertainties, and assumptions about that.

Matthew Abnante: These and other factors may cause our actual results to differ materially from any forward-looking statement because 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 on this call 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. And with that, I would like to hand the call to our first speaker, Heidi Chao, Chairman and CEO of Armlogi. Good afternoon, Heidi.

Speaker Change: These and other factors may cause our actual results to differ materially from any forward looking statements.

Speaker Change: Forward looking statements are only predictions were not obligated to publicly update or revise any forward looking statement, whether as a result of uncertainties and assumption.

Speaker Change: The forward looking events discussed on this call and other statements made from time to time by us or a representative may not occur.

Speaker Change: Actual events and results may differ materially and are subject to risks uncertainties and assumptions about that.

Speaker Change: And with that I would like to hand, the call to our first speaker Ied Chow chairman and CEO of <unk>.

Heidi Chao: And with that, I would like to hand the call to our first speaker, Heidi Chow, Chairman and CEO of Farm Lodge. Good afternoon, Heidi.

Ied Chow: Good afternoon.

Heidi Chao: Yeah, good afternoon, Matt, and thank you all for joining us for this, our first earnings call as a public company following the closing of our initial public offering and the listing of a share on the NASDAQ in May. Our public listing was a significant milestone, but it was just one step in our vision to establish Amlogi as a leader in the global cross-border logistics and warehousing space. And I'm Matt.

Heidi Chao: Good afternoon, Matt.

Matt: Yeah. Good afternoon, Matt and thank you all for joining us for our first earnings call as a public company. Following the closing of our initial public offering and a listen our shares on the NASDAQ being made.

Heidi Chao: And thank you all for joining us for our personal earnings call as a public company following the closing of our initial public offering and a listing of a share on an asset he made. Our public listing was a significant milestone, but it was just one step in our vision to establish Armlogi as a leader in the global crossbow logistics and warehousing space. And Armlogi, our comprehensive warehousing and logistic service backed by cutting-age technology and specializing equipment, ensure that every deliverance is passing in the expectation of our global clientele. Founders, our princess innovation, dependability and scalability, where the bloodling, expanding U.S.

Speaker Change: All proper lifting.

Speaker Change: Milestone, but it wasn't just one step in our ambition to pay salaries.

Speaker Change: Larger as the leader in the global Cross border, Jesse and warehousing space.

Speaker Change: Alright I'm logic.

Heidi Chao: Our comprehensive warehousing and logistics service, backed by cutting-edge technology and specialized equipment, ensures that every delivery meets the expectation of our global clientele. Founded on the principles of innovation, dependability, and scalability, we are a rapidly expanding US-based provider offering a completed suite of supply chain solutions in compensation, warehousing management, and order development. The surge in e-commerce and digital technologies with the evolution of a global supply chain has led to growing demand from merchants to expand their rich international platforms like Amazon and eBay. However... Navigating the logistic complexities of a cross-border shipping post-September challenger, including land-unit delivery time, high damage risk, and congestion, especially during peak seasons.

Speaker Change: Oh come from the Hudson warehousing, and the logistics service sacrifice cutting age of technology and as well as realizing a claim that ensure that every deliberate fashion and the expectation of our global clientele.

Speaker Change: As long as our kind of.

Speaker Change: Innovation dependability and scalability.

Speaker Change: Laterally expanding space provider offering a complete suite of a supply chain solution being campaign, featuring warehousing management and order Feldman.

Heidi Chao: space, provider offering a completed suite of a supply chain, solution in compensation, warehousing management and order development, detergent e-commerce and a digital technology, public with the evolution of a global supply chain has lends to growing demand from merchants to expanding their reach in the national platform like Amazon and eBay. However, navigating the logistic complexities of a cross-border shipping cost and demand challenger, including lenient delivering time, high damage and risk, and congestion, especially in peak season. One solution to address this issue is the establishment of overseas warehouse, the typically located in foreign market, market selling goods.

Speaker Change: The surge in E Commerce, and digital technology, coupled with the evolution of our global supply chain.

I have learned to growing demand from merchant to expanding their reach in the national platform like Amazon and ebay.

Speaker Change: However.

Speaker Change: Navigating the logistics.

Speaker Change: The complexity of our cross border shipping.

Speaker Change: Challenger, including namely delivering tie high damage, it raised and the congestion and especially games.

Speaker Change: Tax season.

Speaker Change: One solution to address this issue.

Heidi Chao: One solution to address this issue is the establishment of an overseas warehouse specifically located in foreign markets with American selling goods. By pre-stocking inventory in these facilities, cross-border e-commerce merchants can expect authority and reduce delivery time, thereby enhancing the overall customer experience. We're specializing in providing comprehensive warehousing and logistic support to cross-border e-commerce merchants targeting the U.S. market, with a network of 11 warehouses spanning the country and a total of more than 2.5 million square feet of space. We offer state-of-the-art safety equipment with a joint system, heavy-duty machinery, and a specialized storage solution killing for handling large and bulky items.

Speaker Change: Ablation up overseas warehouse.

Speaker Change: Thanks, Jamie located in foreign market.

Speaker Change: Marketing selling goods.

Heidi Chao: By pre-stocking inventory in this facility, cross-border e-commerce merchants can expect in all government and a reduced and deleted time, thereby handing the overall customer experience. With specializing in providing comprehensive warehousing and a logistic support to cross-border e-commerce merchants, talking in the U.S. market, with the network of 11 warehousing, spending the country and totaling more than 2.5 million square feet of space, we offer a state of the facility equipment with a drawing system, heavy duty machinery, and a specializing storage solution, telling for handling large and bulky items, our service, contracts, customer perks, transportation, the U.S. warehouse, and efficient warehousing management and order fulfillment.

By pre stocking inventory in this vicinity.

Speaker Change: S border e-commerce merchants and expecting or tuck them in and then reducing delivery times, they're buying handling the overall customer experience.

Speaker Change: We're specializing in providing comprehensive warehousing and logistics support to cross border E Commerce merchant marketing in the U S market.

Speaker Change: With a network of 11.

Speaker Change: They are housing spending the country and the total Morgan two 5 million square foot office space.

Speaker Change: Opera has stayed up.

Speaker Change: The common wisdom volume system.

Speaker Change: Heavy duty machinery analyst.

Speaker Change: Finish your lliving storage its erosion, telling for handling larger bogey eitan.

Speaker Change: Our survey.

Speaker Change: Customer alright.

Heidi Chao: [inaudible] Transportation, the U.S. warehouse, and Acquisition, Warehousing Management, and Order Fulfillment. Moreover, we're extending our warehousing and logistics expenses to domestic e-commerce merchants with the U.S. Our offerings to domestic customers mirror those provided to international clients unable to deliver similar integrated solutions regarding our geographic scope. In addition, the market we're offering is significantly large and is really growing. To put it into perspective, it is estimated that the market size for global cross-border e-commerce will be $2 trillion in 2022 and is expected to reach over $4.3 trillion in 2027, a compound annual growth of 17% more.

Speaker Change: Thanks for taking the U S warehouse.

Our next inflation warehousing management and order fulfillment.

Heidi Chao: Moreover, we extend our warehousing and logistic space so domestic e-commerce merchants with the U.S. Our offering of a domestic customer mirrored those provided to international clients, are able to deliver similar integrated solutions, regardless of a genomic scope. In addition, the market we are offering in a significant large and really growing to put it into perspective, it is estimated that the market decides for the global cross-border e-commerce in 2 trillion in 2022, and it is effective to reach over 4.3 trillion in 2027, a compound annual growth of 17% more. Moreover, our business is supported by numerous interim tailoring, including increased online shopping.

Speaker Change: Moreover, we extended our warehousing and logistics is PC demand.

Speaker Change: Domestic e-commerce merchants, which the U S.

Our offering of a domestic customer marrow those provided international clients.

Speaker Change: Well to the deliberate nevertheless, didnt take rate so losing regarding that I would like to get lager.

Speaker Change: In addition, the market offering in the large and rapidly growing.

Speaker Change: Put it into perspective, it is estimated that the marketing side before the global Cross border E Commerce.

Speaker Change: Two it's drilling in 2022.

Speaker Change: If I could reach over $4 trillion in 2020 seven.

Speaker Change: Compound annual growth of 17% more.

Speaker Change: Moreover, our business is supported by numerous children Cowen and co.

Heidi Chao: Moreover, our business is supported by newer retailing, including increased online shopping. There is breaking more than shopping COVID, and more businesses are shipping to online platforms as a way to increase delivery value. Amlogi, our quality warehousing and logistics service. Our ability to charge reasonable service and delivery fees and use advanced warehouse and management technologies set us apart from a broader competition. This certificate advantage paved the way for our continued business growth.

Speaker Change: <unk> increased online shopping Paris, breaking more in shopping.

Heidi Chao: There is breaking more and shopping covers and a more business siphoning to online platform as a way to increase delivery higher value. Armlogi, our quality warehousing and logistics service, are ability to charge reasonable service and deliver fee and using advanced warehouse and management technology instead of a part of a front-of-the-competition. This strategic advantage keeps the way for our continued business growth.

Speaker Change: October.

And the mall business.

Speaker Change: Thickening to online platform as a way to increase deliberately higher value.

Speaker Change: And largely our car the warehousing and the logistics service.

Speaker Change: Our ability to Charles Nathan of both surveys on the PD book fee.

Speaker Change: Using advanced warehouse management demand with technology and set of a part of a bond of competition.

Speaker Change: This advantage.

Speaker Change: For our continued growth nice growth.

Heidi Chao: Our siphoning will not be possible without a hot working employer and a barrel holder. I would like to thank you, honours and customers, as well as lower your shareholder for your continued support and grip in our vision.

Heidi Chao: Our success would not be possible without a hardworking employer and a very steady hold. I would like to thank you, partners, and customers, as well as lawyers and shareholders, for your continuous support and belief in our vision. We're looking forward to updating you on our business during our next earnings call. Now, I will turn it over to Ian Chow, Chief Financial Officer of Amlogic, to provide an overview of our operational and financial performance.

Speaker Change: They would not be possible without our hard working employees.

Speaker Change: Okay holder.

Speaker Change: I would like to thank you.

Speaker Change: Partners and customers.

Lower your shareholders.

Speaker Change: Continuous support and the breadth in our vision.

Heidi Chao: We are looking forward to updating you on a business during the future earnings call.

Speaker Change: Looking forward to updating you on our business during a future earnings call.

Ian Zhao: Now, I will turn it over to Ian Chow, the financial office of Armlogi, for providing an overview of our operational and financial performance. Perfect. Thank you, I.D. Hancock, to everyone.

No.

Speaker Change: I will turn it over to Ian Chau Keith.

Speaker Change: Key financial office.

Speaker Change: Jay.

Speaker Change: <unk> are overbuilt overview of our operational and financial performance.

Ian Zhao: Perfect. Thank you, I.D., and good afternoon, everyone.

Speaker Change: Perfect.

Speaker Change: Thank you and good afternoon, everyone.

Ian Zhao: For further information regarding our third quarter 2024 financial resources and disclosures, please refer to our earnings release and our quarterly report on Form 10-Q that we filed with the SEC. Total revenue for the three months ended March 31st, 2024 was $38.4 million, up 28% from $30.1 million in the same period in 2023. Our transportation service segment reported revenue of $25 million, an increase of 18.2% from $21.2 million in the same period in 2023.

Ian Zhao: For further information regarding our third quarter, 2024 financial resource and these cultures, please refer to our early release and our quality report on Form 10-Q that we filed with the FEC. Total revenue for the three months and the March 31, 2024, were $38.4 million. Up 28% from $30.1 million in the same period in 2023. Our transportation service segment reported revenue of $25 million and increased of 18.2% from $21.2 million in the same period in 2023. This increase was driven by the rapid expansion of our business in 2023 as we expanded our warehouse's operation capacity in California and New Jersey.

Speaker Change: Further information regarding our third quarter of 2024 financial resource.

Speaker Change: This culture is Chris referred to our earning release.

Speaker Change: Our quarterly report on Form 10-Q that we filed with the SEC.

Speaker Change: Total revenue for the three months ended March 31st time 24 words.

Speaker Change: $38 $4 million up 28% from $31 million in the same period.

Speaker Change: In 2023.

Speaker Change: Our transportation service segment, we reported revenue of $25 million, an increase of 18, 2% from 20 to $21 2 million.

Speaker Change: Same period in 2023.

Speaker Change: This increase was driven by the rapid expansion of our bits.

Ian Zhao: This increase was driven by the rapid expansion of our business in 2023 as we expanded our warehouse operation capacity in California and New Jersey. Our warehousing service segment generated $13.4 million, a 50.5% increase from $8.9 million over the same period in 2023. This growth was driven largely by the growth in our transportation service, which comprises inventory management and storage offerings.

Speaker Change: <unk> <unk> suite as we expanded our warehouses operation capacity in California, and New Jersey.

Ian Zhao: Our warehouse in service segment generates $13.4 million, a 50.5% increase from the $8.9 million over the same period in 2023. This growth was driven largely by the growth in our transportation service. This segment compressed even to re-management and storage offering. Our other service segment generated revenue of $43,000 compared to the $82,000 in the same period in 2023. This segment is primarily compressed of the customer-focused service.

Speaker Change: Oh warehousing service Sackman generated $13 $4 million.

Speaker Change: 55% increase from the $8 $9 million over the same period being plenty plenty sweet.

Speaker Change: This growth was driven largely by the growth in our transportation service.

Speaker Change: Zachman compressed inventory management and storage offering.

Speaker Change: Our other services segment generated revenue of $43000 compared to the $82000 in the same period in 2023. These sackman.

Ian Zhao: Our other service segment generates revenue of $43,000 compared to $82,000 in the same period in 2023. This segment is primarily comprised of the customer broker service. Our net income was $0.4 million and $2.2 million for the three months ended March 31, 2024 and 2023, respectively. Turning to our nine-month result, total revenue for the nine months ended March 31st, 2024 was $121.7 million, up 39.9% from $87 million in the same period in 2023.

Speaker Change: Zachman is primarily comprised of the customer broker service.

Ian Zhao: Our net income was $0.4 million and $2.2 million for the three months ended March 31, 2024 and 2023, respectively. Turning to our nine months' result. Total revenue for the nine months ended March 31, 2024, was $121.7 million. Up 39.9% from $87 million in the same period in 2023. Our transportation service segment report the revenue of $84.7 million and increase of 36.6% from $82.62 million in the same period in 2023. The increase was driven by the rapid expansion of our business in 2023 and as we expand our warehouse operational capacity in California and New Jersey. Our warehouse service segment generates $36.6 million, a 49.2% increase from $24.5 million over the same period in 2023.

Our net income versus zero point $4 million and $2 2 million for the three months ended March 31, 2024 airplanes three respectively.

Speaker Change: Turning to our nine months, we saw it.

Speaker Change: Total revenue for the nine months ended March 31st time plenty for $121 7 million.

Speaker Change: Up 39, 9% from 87 million.

Speaker Change: In the same period in 2020.

Speaker Change: Our transportation service segment reported a revenue of $84 $7 million, an increase of 36, 6% from $80 million to $62 million in the same period in 2023.

Ian Zhao: Our transportation service segment reported a revenue of $84.7 million, an increase of 36.6% from $82.62 million in the same period last year. The increase was driven by the rapid expansion of our business in 2023 and as we expanded our warehouse operational capacity in California and New Jersey. Our warehouse service segment generated $36.6 million, a 49.2% increase from $24.5 million over the same period in 2023. This increase was driven by the significant growth in our transportation service.

Speaker Change: The increase was driven by the rapid expansion of our business in 2023, and as we expand our warehouse operational capacity in California, and New Jersey.

Speaker Change: Our warehouse service segment generated $36 6 million.

Speaker Change: 49, 2% increased from $24 $5 million over the same period in calling 'twenty three.

Ian Zhao: This increase was driven by the significant growth in our transportation service. Our other service segment generate revenue of $0.4 million, which were in line with those in the same period in 2023.

Speaker Change: This increase was driven by the significant growth in our transportation service.

Speaker Change: Our other service segment generated revenue of zero point $4 million, which were in line with dose in the same period in 2023.

Ian Zhao: Our other service segments generated revenue of $0.4 million, which was in line with those in the same period in 2023. Our net income was $7.2 million and $9 million for the nine months ending March 31, 2024 and 2023, respectively.

Ian Zhao: Our net income was $7.2 million and $9 million for the nine months and the March 31, 2024, and 2023, respectively.

Speaker Change: Our net income was $7 2 million.

Speaker Change: $9 million for the nine months ended March 31, 2024, and 2023, respectively.

Ian Zhao: Turning to our material development, our current is substantially to the end of third quarter of 2024. As I mentioned, we close our initial public offering on the national global market in May. Net process for the offering allows us to expand our warehouse network and develop warehousing and logistics services. Develop international ocean-grade service and develop port tracking service among other things. We recently announced the expansion of our operation in the Port of Savannah in Georgia. A critical hub for logistics and supply chain solution in the United States. By signing a list for new 733,000 square-foot warehouse located close to the port.

Speaker Change: Turning to our materials development currently is essentially to the end of third quarter of 2024.

Ian Zhao: Turning to our material development, our current needs are substantially to the end of the third quarter of 2024. As Idy mentioned, we closed our initial public offering on the NASDAQ global market in May. The net process for the offering allows us to expand our warehouse network and develop warehousing and logistics services, develop international ocean freight services, and develop port trucking services, among other things. We recently announced the expansion of our operation in the port of Savannah in Georgia, a critical hub for logistics and supply chain solutions in the United States.

Speaker Change: I'd mentioned, we closed our initial public offering on the NASDAQ global market in May net process for the offering allow us to expand Allen warehouse network and develop warehousing and logistics services.

Speaker Change: International Ocean, Great service and develop for Chucky service among other things.

Speaker Change: We recently announced the expansion of our operation in the Port of Savannah, Georgia, a critical hub for logistics and supply chain solution in the U S.

Speaker Change: State by signing a lease for a new 733000 square foot warehouse located close to the port.

Ian Zhao: By signing a list for a new 733,000 square foot warehouse located close to the port. The Port of Savannah is home to the largest single terminal container facility of its kind in North America and is the third busiest container port gateway in the nation, serving 33 weekly services. The most in the US, this new warehouse will significantly enhance our capacity to serve new clients with even greater efficiency and speed. We expect this strategic location at the port of Savannah will allow us to connect seamlessly with the global market and provide unparalleled assets to a large portion of the US population with two-day transit.

Ian Zhao: The port of Savannah is the home to the largest single terminal container facility of its kind in North America, and its services container port gathering in the nation. Serving 33 weekly services. The most in the US, this new warehouse with significantly enhanced our capacity to serve new clients, which even greater efficiency and speed. We expect this strategy location of the port of Savannah to allow us to connect seamlessly with the global market and provide a parallel asset to the large portion of the US population with two nations transit. Our continuous expansion is intended to make growing demand and foster the delivery delivery of expectational service to our client.

Speaker Change: The port of Savannah is the home to the largest single terminal container facility of its kind in North America, and it's the third business container Port Galloway in the nation.

Speaker Change: Three weekly services.

Speaker Change: The most in the U S.

Speaker Change: This new warehouse with significantly enhanced our capacity to serve new clients with even greater efficiency and speed.

Speaker Change: We expect this strategy.

Speaker Change: The location of the port of Savannah to allow us to come back.

Lastly, with the global market and provides unparalleled access to the large portion of the U S population with two day transit.

Speaker Change: Our continuous expansion is incentive.

Ian Zhao: Our continuous expansion is intended to meet growing demands and foster the delivery of exceptional service to our clients. Even more, earlier this month, we announced that we have become an authorized warehouse provider for sellers on the T-Move marketplace. A major development for Omnlogi, this agreement will enable the seller to access Omnlogi's advanced order management technology and warehouse services, designed to optimize the supply chain process from warehouse to the doorstep. This enhancement will allow T-Move sellers to leverage Omnlogi's logistics expertise to improve delivery speed, reduce operational costs, and enhance the overall customer experience.

Speaker Change: Growing demand and foster that delivery delivery of expectation, though service to our clients.

Speaker Change: Even more.

Ian Zhao: Even more, early this month, we announced that we have become an authorized warehouse provider for seller on the team marketplace. A major development for Omnology. This agreement will enable the seller to asset Omnology's events order management technology and warehouse services. We decided to optimize the supply chain process for a warehouse to the door staff. This enhancement will allow team of sellers to leverage Armlogi's logistic expertise to improve the delivery speed, reduce the operational cost, and enhance the overall customer experience. We anticipate that this collaboration with a major e-commerce platform will further expand our capacity to serve more e-commerce sellers, offering refused support system on the global platform, helping them excel in this competitive e-commerce marketplace.

Speaker Change: This month, we announced that we have become and also like the warehouse provider for solar on the Tmall marketplace.

Speaker Change: A major development for <unk>. This agreement will enable the salary to assay launches events or the.

Speaker Change: Management technology and warehouse services.

Wanted to optimize the supply chain process from warehouse to the doorstep.

Speaker Change: Huntsman will allows team Lasalle theyre still leverage largest literacy expertise to it.

Speaker Change: Improve the delivery speed tiers.

Speaker Change: Curious the operational costs and enhance the overall customer experience.

Ian Zhao: We anticipate that this collaboration with a major e-commerce platform will further expand our capacity to serve more e-commerce sellers, offering a rebooted support system on the global platform, helping them excel in this competitive e-commerce marketplace. It aligns well with our mission to empower the e-commerce business through cutting-edge logistics and warehousing solutions and should positively impact our near-term growth success while strengthening our position as an emerging leader in the Well, in conclusion, the third quarter of 2024 marked a period of notable advancement and expansion for homology. Position favorably, we are points in the substantial of our moment and capacity on the opportunity in front of us. We will now transition to the question and answer portion of the call. Thank you to everyone who has submitted questions.

Speaker Change: We anticipate that this collaboration with a major e-commerce platform will further expand our capacity to serve more e-commerce cylinders.

Speaker Change: Offering we boost support system on a global platform, helping them sell in this competitive e-commerce marketplace.

Ian Zhao: It relies on our mission and empower the e-commerce business through the cutting-edge logistic and warehouse solution, and should positive impact our near-term growth process while strengthen our position as an emergent leader in the logistic industry.

Speaker Change: It's a life well with our mission and empower the e-commerce business to the cut in etch logistics and warehousing solution.

Speaker Change: Positive impact our near term growth.

Speaker Change: The SaaS well strengthen our position as an emerging neither in the logistics industry.

Ian Zhao: While in conclusion, there is a quarter of 24 market periods of multiple eventsmen and expansion of for Armlogi. Position federally, we are poised in the substantial of our moment and capacity on the opportunity in fund of us.

Speaker Change: Well in conclusion.

Speaker Change: A quarter of 'twenty 'twenty four market periods of multiple events men and expansion for <unk>.

Speaker Change: Positioned favorably we are.

Speaker Change: Please.

Speaker Change: Substantially all of our moment and capacity on the opportunity in front of us.

Operator: We will now transition to the question and support of the call. Thank you to everyone who has submitted questions.

Speaker Change: We will now transaction to the question and answer portion of the call. Thank you to everyone who has to meet the questions.

Heidi Chao: Our first question is, can you discuss what makes your customers choose Armlogi over your competitors? Definitely. That's a really good question. Our customer continued to work with us due to our long-standing relationship with them, which includes our ability to meet their needs and earn their trust. While it's a highly competitive marketplace, this customer relationship has stood the test of time, pandemic, and global supply trend issues, and we continue to deliver it for them.

Speaker Change: Our first question is can you discuss what makes your customers choose <unk> over your competitors.

Matthew Abnante: Our first question is, can you discuss what makes your customers choose Armlogi over your competitors?

Stephanie: Stephanie that's a really good question, our customer continue to work with us to.

Heidi Chao: Stephanie, that's a really good question. Our customers continue to work with us due to our longstanding relationship with them, which includes our ability to meet their needs and earn their trust. While it is a highly competitive marketplace, this customer relationship has stood the test of time, the pandemic, and global supply chain issues. And we continue to deliver for them.

Speaker Change: Our long standing relationship with them, which include our ability to meet that need and earn their trust well. It is a highly competitive marketplace. This customer relationship has good the rest of the time pandemic and global supply chain issue and we continue to deliver for them.

Heidi Chao: Our next question, with your recent announcement of the warehouse in Savannah, Georgia, are you looking at further warehouse expansion in the region and throughout the United States? Yes, Bethany. We eventually want to have more warehouse locations in all the major ports of the entries throughout the US. And we believe that all the time we will get there. We will expand as our customer growth and volume growth.

Speaker Change: Our next question.

Matthew Abnante: Our next question is, with your recent announcement of the warehouse in Savannah, Georgia, are you looking at further warehouse expansion in the region and throughout the United States?

Speaker Change: With your recent announcement of the warehouse in Savannah, Georgia.

Speaker Change: Are you looking at further warehouse expansion in the region and throughout the United States.

Speaker Change: Yes, Stephanie.

Heidi Chao: Yes, definitely. We eventually want to have more warehouse locations in all the major ports of entry throughout the U.S. And we believe that over time, we'll get there. We will expand as our customer base and volume grows.

Speaker Change: Eventually once you have more warehouse locations in all the major port.

Speaker Change: Off the NTN throughout the U S and we believe that over time, we will get there we will.

Spend at our customer growth and volume growth.

Heidi Chao: Thank you.

Speaker Change: Thank you and our last question.

Matthew Abnante: Thank you. And our last question, do you expect to continue to see growth in the transportation services segment leading to revenue growth in warehousing services?

Heidi Chao: And our last question: do you expect to continue to see growth in the transportation services segment, leading to revenue growth in warehousing services? Yes, that's a for sure question. As I was saying, the transportation service segment, which mostly a entire FedEx, Ocean Fridge and Capitiri continue to grow, they should lead to expanding our warehouse services, which include the inventory management, all the fulfillment and storage services.

Speaker Change: Do you expect to continue to see growth in the transportation services segment, leading to revenue growth in warehousing services.

Speaker Change: Yes, that's the first of your question as our Transportation service segment, which most of the entire <unk> Ocean freight and delivery continue to grow this will lead to expanding our warehouse services.

Ian Zhao: Yes, that's a for sure question. As our transportation service segment, which mostly includes the entire FedEx, OceanFridge, and subsidiary, continues to grow, this should lead to expanding our warehouse services, which include inventory management, order fulfillment, and storage services.

Speaker Change: Which include the inventory management order fulfillment and storage services.

Matthew Abnante: Thank you, Ian. And thanks to everyone for participating on today's call. We look forward to providing additional updates in the near future.

Ann: Well, thank you Ann and thanks to everyone for participating on today's call. We look forward to providing additional updates in the near future and in the meantime, we can be reached at info at <unk> Dot com or you can contact me directly at <unk>.

Matthew Abnante: Thank you, Ian, and thanks to everyone for participating in today's call. We look forward to providing additional updates in the near future, and in the meantime, we can be reached at info at armlogi.com, or you can contact me directly at Matthew at strategic-ir.com.

Matthew Abnante: And in the meantime, we can be reached at info@armlogy.com, or you can contact me directly at Matthew@strategic-IR.com.

Matthew at strategic Dash IR Dot com.

Ann: Yes.

Operator: Ladies and gentlemen, that concludes our conference for today. Thank you for your participation. You may now disconnect. Thank you.

Operator: Ladies and gentlemen, that concludes our conference for today. Thank you for your participation. You may now disconnect.

Speaker Change: Ladies and gentlemen that concludes our conference for today. Thank you for your participation you may now disconnect.

Speaker Change: Okay.

Okay.

Speaker Change: Yeah.

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Speaker Change: Hum.

Speaker Change: Okay.

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Speaker Change: Uh-huh.

Speaker Change: [music].

Speaker Change: Okay.

Speaker Change: Hum.

Speaker Change: Uh huh.

Speaker Change: Okay.

[music].

Speaker Change: Okay.

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