Armlogi Holding Corp.

Armstrong Logistic

Business focus

Armstrong Logistic is a U.S.-based warehousing and logistics service provider offering end-to-end supply-chain solutions for warehouse management and order fulfillment. The company serves both U.S. domestic customers and overseas clients, primarily PRC-origin cross-border e-commerce merchants. It has no subsidiaries in the PRC and derives a substantial portion of revenue from PRC-based customers.

Operational footprint

• 11 warehouses across the U.S., totaling approximately 3,819,900 square feet of gross floor area.
• Warehouse locations by state:
  • California: Walnut, Ontario, Fontana
  • Georgia: Rincon
  • Texas: Deer Park, Pasadena
  • New Jersey: Florence, Edison
  • Illinois: Edwardsville
• Facilities are sited near major ports and logistics hubs, including the Port of Los Angeles/Long Beach (CA), Port of Savannah (GA), Port of Houston (TX), Port of Newark (NJ), and the St. Louis rail hub (IL).
• Equipment and systems include automated sorting, heavy-duty forklifts, pallets and trays for bulky items, security and real-time scanning systems, and data analytics for inventory distribution and forecasting.

Services and solutions

• Ocean freight transportation to the U.S., arranged through third-party carriers such as Cosco Shipping Lines, Evergreen Line, and Ocean Network Express. The company does not operate its own international shipping business.
• Customs brokerage provided by Andtech Customs Broker, a wholly owned, CBP-licensed subsidiary.
• Port trucking/drayage and delivery to U.S. warehouses, including support for Amazon FBA prep and self-operated warehouse deliveries.
• Warehouse management and order fulfillment services:
  • Product storage and retrieval
  • Packing and labeling
  • Kitting and re-packaging
  • Order assembly and load consolidation
  • Inventory management and sales forecasting
  • Third-party distribution coordination
  • Other value-added services
• Value-added logistics services including reverse logistics, inspection and refurbishment, specialized packaging, and facility rental.
• Revenue is accounted for in three categories: Transportation Services (resold third-party carrier fees), Warehousing Services (storage and related services), and Other Services (for example, customs brokerage).

Technology and intellectual property

• Proprietary platform with Armlogi OMS (order management system) and WMS components, deployed on AWS.
• Web-based customer and staff access with real-time shipment status, driver photo uploads for verification, data input and log tracking, translations, and customer support features.
• ISO 9001–aligned quality management practices; extensive data analytics, SKU-level monitoring, real-time tracking, historical analytics, and forecasting.
• Intellectual property includes one U.S. trademark (ARMLOGI), five domain names, and four software copyrights (Armlogi OMS, Armlogi WMS, Armlogi Trucking, Armstrong Logistic Security).

Customers

• Active customer base: 525 as of June 30, 2026 (505 as of June 30, 2025).
• Revenue mix by origin:
  • Overseas (PRC-origin cross-border e-commerce merchants): ~78% in 2026 and ~84% in 2025.
  • U.S. domestic customers: ~22% in 2026 and ~16% in 2025.
• Largest customers:
  • 2026: Goldensee Ltd. (21.8% of revenue) and Aukey International Limited (14.4%).
  • 2025: Goldensee Ltd. (22.0%) and Kimberly Tenneco Inc (10.8%).

Financial performance

• Revenue: $185.8 million for fiscal year ended June 30, 2026; $190.4 million for fiscal year ended June 30, 2025.
• Net income (loss): net loss of $20.9 million for the year ended June 30, 2026; net loss of $15.3 million for the year ended June 30, 2025. Net income was $7.4 million in 2024.

Employees and workforce

• 161 full-time employees as of June 30, 2026, allocated as follows: 130 in Warehousing and Logistics, 16 in Operations, 7 in Customer Services, 1 in Technology, and 7 in Accounting.
• Approximately 23 independent contractors as of June 30, 2026, supplementing warehouse labor, security, and cleaning.

Management and corporate development

• Completed an IPO on May 15, 2024, at $5.00 per share; ticker: BTOC.
• Stock trades on Nasdaq; transferred from the Nasdaq Global Market to the Nasdaq Capital Market on May 8, 2026.
• Corporate structure: Armstrong Logistic reorganized in 2022. Armlogi Holding (Nevada) holds Armstrong Logistic and affiliated entities; Armstrong Logistic was acquired by Armlogi Holding via share exchange in 2022.
• Key executives: Aidy Chou (CEO) and Tong Wu (Interim CFO, Secretary, Treasurer, Director).

Growth strategy

• Plans to expand and diversify the customer base and geographic coverage, targeting China, Southeast Asia (including Vietnam, Thailand, Indonesia, and the Philippines), and Mexico, as well as expanding U.S. operations in California, Georgia, Tennessee, Florida, Illinois, and Arizona.
• Investment priorities include supply chain technologies (AI, data analytics, forecasting, optimization, ocean freight tracking, and automation such as conveyors) and keeping the platform accessible to customers and partners.
• Pursue acquisitions that complement warehousing and logistics capabilities.
• Use large-volume discounts from third-party carriers to offer competitive pricing and manage peak-season surcharges with logistics management tools.

Regulatory and risk context

• Operates as an FMC-registered ocean transportation intermediary and maintains a licensed customs brokerage. Subject to DHS, OSHA, DOT, FMCSA, and local zoning and building codes.
• Maintains a cybersecurity program and manages environmental and security considerations. Ongoing efforts address internal controls (SOX) and public company compliance.