Unique Logistics International, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended February 29, 2024
May 02, 2024 at 04:06 pm
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Unique Logistics International, Inc. reported earnings results for the third quarter and nine months ended February 29, 2024. For the third quarter, the company reported sales was USD 0.579675 million compared to USD 0.755034 million a year ago. Revenue was USD 67.83 million compared to USD 49.63 million a year ago. Net loss was USD 5.96 million compared to net income of USD 0.663173 million a year ago. Basic loss per share from continuing operations was USD 0.01. Diluted loss per share from continuing operations was USD 0.01.
For the nine months, sales was USD 1.89 million compared to USD 2.5 million a year ago. Revenue was USD 192.54 million compared to USD 274.97 million a year ago. Net loss was USD 11.09 million compared to net income of USD 7.26 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.01.
Unique Logistics International, Inc. is a logistics and freight forwarding company. The Company provides a range of international logistics services. Its range of services can be categorized as air freight, ocean freight, customs brokerage and compliance, warehousing and distribution, and order management. It provides ocean freight service both as a non-vessel owning common carrier and an ocean freight forwarder. It provides to its customers ocean freight consolidation, direct ocean forwarding, and order management. Its services help importers clear cargo with United States Customs and Border Protection, including documentation collection, valuation review, product classification, electronic submission to customs and the collection and payment of duties, tariffs and fees. It operates a warehousing facility in Santa Fe Springs, CA. It also provides warehousing and distribution services through third party facilities. Its facility has a storage capacity of approximately 9,000 pallets.
UNIQUE LOGISTICS INTERNATIONAL, INC. 
