Armlogi Holding Corp. Reports Increased Revenue Amid Losses
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Armlogi Holding Corp. reported a Q1 net loss of $6.5 million, up from $4.6 million last year, despite increased revenue of $49.5 million. Costs rose to $52 million, leading to a gross loss of $2.5 million. Cash decreased to $6.5 million, and total assets fell to $156.3 million. Liabilities decreased to $134 million. The company is expanding services and seeking financing to improve profitability and future growth.
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