Unique Logistics International, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended November 30, 2023
February 09, 2024 at 05:00 pm EST
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Unique Logistics International, Inc. reported earnings results for the second quarter and six months ended November 30, 2023. For the second quarter, the company reported sales was USD 0.740567 million compared to USD 0.975711 million a year ago. Revenue was USD 61.84 million compared to USD 88.84 million a year ago. Net loss was USD 2.9 million compared to net income of USD 3.27 million a year ago.
For the six months, sales was USD 1.31 million compared to USD 1.74 million a year ago. Revenue was USD 124.71 million compared to USD 225.35 million a year ago. Net loss was USD 5.13 million compared to net income of USD 6.59 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.