The company has not filed an annual or quarterly report since its Q2 FY2023 10-Q, filed Aug 8, 2023. Its latest SEC filing is a SC 13G/A from Feb 13, 2024.
10-Q for Q2 FY2023, filed Aug 8, 2023
The sections below describe the company as of the FY2022 annual report.
Provides e-commerce order fulfillment, logistics and customer-care services for branded manufacturers, online retailers and distributors.
10-K for FY2022, filed Mar 14, 2023
Most revenue comes from service fees (68%): clients are charged for order-to-cash, fulfillment and customer-care services by time and materials, fixed price, cost-plus margin, shipped revenue, retainers or transactions; time-and-materials work is billed monthly for hours worked. Freight and other reimbursed costs are billed through to clients.
10-K for FY2022, filed Mar 14, 2023The Company’s service fee revenue primarily relates to our order to cash, fulfillment, and customer care services. The Company typically…View ↗
For fixed-price arrangements, we typically recognize revenue based on the input method, as we believe that hours expended over time…View ↗
Many of our service fee contracts involve third-party vendors who provide additional services, such as package delivery. The costs we are…View ↗
The Company’s billings for reimbursement of out-of-pocket expenses related to our Service Fee Revenues, consisting primarily of freight and…View ↗
10-K for FY2022, filed Mar 14, 2023
FY2022 revenue by product or service ↗$295.1M
10-K for FY2022, filed Mar 15, 2023
$295.1M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Service fee revenue
|
68%
FY2019: 73%
|
Service fee revenue, FY2022
$200M Sources
|
|
|
Product revenue, net
Sold outright
|
1.1%
FY2019: 9.1%
|
Product revenue, net, FY2022
$3.3M Sources
|
Sold outright |
|
Pass-through revenue
|
31%
FY2019: 18%
|
Pass-through revenue, FY2022
$91.8M Sources
|
PFS targets branded manufacturers, online retailers and distributors through direct marketing and sales outreach, while alliances with consulting, technology and logistics firms generate referrals.
10-K for FY2022, filed Mar 14, 2023
10-K for FY2022, filed Mar 14, 2023
During 2022, two clients each represented more than 10% of the Company’s total revenues. These clients each represented $34.7 million, or…View ↗
No. It lost $16.6M in FY2022.
10-K for FY2022, filed Mar 15, 2023
−$20MView ↗
10-K for FY2022, filed Mar 15, 2023
−$16.6MView ↗
10-K for FY2022, filed Mar 15, 2023
−$17.9MView ↗
10-Q for Q2 FY2023, filed Aug 9, 2023
−$128KView ↗
10-Q for Q2 FY2023, filed Aug 8, 2023
Open tableView ↗
8-K, filed Oct 23, 2023
As described in the Introductory Note above, on October 23, 2023, Merger Sub irrevocably accepted for payment all shares of Company Common…View ↗
Shrank. Revenue fell 10% in 4 years, from $326.2M in FY2018 to $295.1M in FY2022, about 2% a year.
Shift away from digital agency work
The older business description includes LiveArea's digital agency services alongside PFS Operations; the current description centers on logistics, fulfillment, customer care and order-to-cash services following the LiveArea transaction.
10-K for FY2019, filed Mar 16, 2020 10-K for FY2022, filed Mar 14, 2023PFSweb is a Global Commerce Services Company. We manage the entire customer shopping experience for major branded manufacturers and…View ↗
Competes with Radial, GEODIS, Saddle Creek Logistics, Maersk, Capacity Logistics, FedEx Supply Chain, GXO, OceanX, and Kuehne + Nagel
10-K for FY2022, filed Mar 14, 2023We compete with eCommerce focused order fulfillment providers such as Radial and GEODIS (formerly OHL), as well as, depending on the…View ↗
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