The company posted a revenue increase to $8.51 million in Q2 2025 driven by growth in its Logistics and Owned Service Network segments. However, high operating expenses and impairment charges led to a significant net loss of $3.41 million and a negative EPS.
Revenue grew to $8.51 million, driven by expansion of the Logistics segment.
Net loss widened to $3.41 million from $2.22 million in Q2 2024.
EPS declined to approximately -$0.05 (based on ~71.6M shares outstanding).
Operating loss increased to $3.32 million due to high SG&A and impairment costs.
The company expects continued revenue growth from its logistics segment and aims to manage operating costs to improve margins, but capital constraints and default risks remain key challenges.
Visualization of income flow from segment revenue to net income
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