UNIQUE LOGISTICS INTL INC - UNQL STOCK NEWS

Unique Logistics International, Inc. (OTCMKTS: UNQL) announced a 12-month ocean freight contract with The Kroger Company (NYSE: KR). This new partnership, effective through April 2023, involves transporting goods from the Asia-Pacific region to North America. Kroger, a retail leader with over $137 billion in annual sales and 2,726 stores, seeks innovative solutions to enhance its supply chain. This collaboration highlights Unique's expertise in the retail logistics sector, positioning the company for growth.

Unique Logistics International, Inc. (OTC Markets: UNQL) announced a stock purchase agreement to acquire nine subsidiaries from Unique Logistics Holdings Limited for $21 million in cash and a $1 million promissory note. The subsidiaries, located across China, Hong Kong, India, Taiwan, the UK, and Vietnam, specialize in logistics. The acquisition aims to strengthen UNQL's supply chain management capabilities and is expected to enhance net revenue and EBITDA upon closure. The transaction's completion depends on certain conditions specified in the Purchase Agreement.

Unique Logistics International, Inc. (OTC Markets: UNQL) announced the appointment of Migdalia ('Mickey') Diaz as Chief Operating Officer (COO). With over 32 years in the logistics sector, including 20 in senior roles, Diaz will aid CEO Sunandan Ray in advancing the company's logistical services in the U.S. Previously, she held leadership positions at GEODIS and Dachser. This appointment reflects UNQL's commitment to enhancing its operational capabilities and integrating acquisitions for a unified logistics platform.

Unique Logistics International, Inc. (OTC Markets: UNQL) has engaged MZ Group to enhance its investor relations and financial communications. This partnership aims to improve visibility within the investment community and coordinate investment conferences. CEO Sunandan Ray expressed confidence in the company's growth direction, emphasizing the importance of MZ Group in achieving fair valuation and driving long-term shareholder value. Unique Logistics offers comprehensive logistics services, streamlining supply chain processes for its clients through trained staff and integrated information systems.

Unique Logistics International, Inc. (UNQL) reported record financial results for Q3 2022, with net revenue soaring to $250.4 million, a 175% increase from Q2 2021, and year-to-date revenue reaching $845.6 million. Income from operations surged by 667% to $2.3 million. Despite these gains, the company recorded a net loss of $4.9 million for the quarter due to one-time costs. Adjusted EBITDA rose 39% to $2.5 million for Q3, with a year-to-date total of $14.8 million, up 124% from the previous year.

Unique Logistics International (UNQL) reported record financial results for Q2 and the first half of the fiscal year, with net sales reaching $405.4 million, a 225% increase from the previous year. Income from operations rose to $8.7 million, up 190% YoY, while net income also grew to $4.5 million. Adjusted EBITDA increased by 89% to $8.9 million. The company eliminated $5.9 million of debt, resulting in a 103% rise in stockholders' equity. The results reflect strong organic growth and demand in the logistics sector.

Unique Logistics International, Inc. (OTCMKTS: UNQL) announced a significant agreement with debt holders on December 14, 2021. This deal aims to recapitalize the company, eliminating all outstanding convertible notes and warrants in exchange for equity. CEO Sunandan Ray emphasized that this move creates a stronger capital structure and reflects the confidence of debt holders in the company's future. An 8K filing with the SEC details the terms of the exchange, marking a pivotal step in improving the company's financial standing.

Unique Logistics International (UNQL) reported significant financial growth in its Q1 Fiscal 2022 results. Total revenues surged by 231% to $189.8 million compared to $57.4 million in Q1 2021. The company achieved an operating income of $3.2 million and a net income of $2.0 million, reflecting a recovery from a loss in the prior year. Adjusted EBITDA skyrocketed 3300% to $3.4 million. Management anticipates continued strong demand, driven by the recovery of the US economy.

Unique Logistics International, Inc. (UNQL) reported substantial growth for the fiscal year ending May 31, 2021, achieving total revenues of $371.9 million, a 223% increase from $115.1 million in the prior year. The company generated a net income of $1.7 million compared to a loss of $0.4 million in 2020. Adjusted EBITDA was $8.9 million, reflecting improved operational performance. The company cites strong demand for international logistics services and plans to expand its capabilities, including a new office in Houston.