Provides warehousing, transportation, and order-fulfillment services to cross-border e-commerce merchants selling in the U.S. and U.S. domestic merchants.
10-K for FY2026, filed Sep 28, 2026We provide one-stop warehousing and logistics services to cross-border e-commerce merchants outside the U.S. who seek to sell in the U.S.…View ↗
We provide our customers, comprising both international cross-border e-commerce merchants (primarily from the PRC) and domestic customers…View ↗
We primarily serve two types of customers: (i) overseas customers and (ii) U.S. domestic customers. Our overseas customers consist of…View ↗
Transportation customers pay for freight arranged through third-party carriers, with fees earned as goods move from origin to destination. Warehousing customers pay for storage over the service term and for handling when performed; customs brokerage fees are earned when the service is completed.
10-K for FY2026, filed Sep 28, 2026The Company provides one-stop logistics services. The Company’s revenue is primarily derived from transportation services, which include…View ↗
In general, each shipment transaction or service order constitutes a separate contract with the customer. A performance obligation is…View ↗
The Company also provides warehousing services for its customers. These warehousing service contracts include two performance obligations…View ↗
Other services consist primarily of customs house brokerage services sold on a standalone basis as a single performance obligation. The…View ↗
10-K for FY2026, filed Sep 28, 2026
FY2026 revenue by product or service (Total) ↗$185.8M
10-K for FY2026, filed Sep 28, 2026
$185.8M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Transportation services
Usage-based
10-K for FY2026, filed Sep 28, 2026 |
58%
FY2023: 72%
|
Transportation services, FY2026
$108.6M Sources
|
Usage-based |
|
Warehousing services
Mix
10-K for FY2026, filed Sep 28, 2026 |
42%
FY2023: 28%
|
Warehousing services, FY2026
$77.1M Sources
|
Mix |
|
Other services
Sold outright
|
<0.1%
FY2023: 0.5%
|
Other services, FY2026
$69.6K Sources
|
Sold outright |
Overseas cross-border e-commerce merchants, primarily from China, and U.S. domestic e-commerce merchants buy warehousing and logistics services through direct service agreements.
10-K for FY2026, filed Sep 28, 2026
No. It lost $20.9M in FY2026.
10-K for FY2026, filed Sep 28, 2026
10-K for FY2026, filed Sep 28, 2026
−$21.5MView ↗
10-K for FY2026, filed Sep 28, 2026
−$20.9MView ↗
10-K for FY2026, filed Sep 28, 2026
−$6.9MView ↗
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