Unique Logistics International Inc (UNQL)

[AFBallin]

I thought revenues didn’t matter?

1. They made 3.4 million and 6.5 mill in the past 6 months, have a market Capet of 12million, haha. That’s ridiculous. Go offer Ray 12 million to buy the company, go offer him 50million, You’ll get the same answer of NO!

2. I agree people pumping on the revenue simply don’t understand UNQLs business. Their income is generated by the margins they put on each shipping contract. Just because they item value shipped goes down that doesn’t mean their profitability does. With your logic, we should be screaming about their improved margins!

3. As of November 30, 2022, the Company reported working capital of approximately $8.5 million compared with $4.2 million working capital as of May 31, 2022. They started by having to borrow money from 3a and Trillium and now their working capital has grown substantially.

4. They have a extremely strong customer base.
In addition, the Company still retains 23 of the customers that were in the top 25 in 2019. Thus, the Company, today, has a significantly expanded customer base besides substantially retaining virtually all its legacy customers.

In terms of volume, the Company’s top 25 customers, today, ship more containers (94%) and more air freight weight (15%) compared with the top 25 customers in 2019.