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ParcelPal Logistics Inc C.PKG

Alternate Symbol(s):  PTNYF

ParcelPal Logistics Inc. is a Canada-based courier and logistics company, which is a specializes in last mile delivery service and logistics solutions. The Company connects people and businesses through its network of couriers in major Canadian cities, including Vancouver, Calgary, and Toronto, as well as in the western region of the United States. Some of its verticals include pharmacy and health, meal kit deliveries, retail, groceries and more. It provides a range of solutions, including warehousing solutions, next day delivery, same day delivery and e-commerce integration. The Company offers logistic management services and supply chain solutions. Under warehousing solutions, it streamlines its transport products with warehousing to assist in meeting storage requirements. The Company offers delivery and logistics solutions for business to business, business to customer, and any other tailored creative solution its partners may require.


CSE:PKG - Post by User

Bullboard Posts
Post by BUYING4MEon Apr 06, 2018 11:46am
84 Views
Post# 27843067

Financials = 507k from Amazon

Financials = 507k from AmazonFeb 7th Kelly said they did $390k in revenue in Q4 (which we've yet to see, but we'll take his word on it), which is a record for them.  Congrats

In the latest NR where they speak on Gold Standard rating by Amazon, he said that revenue is expected to grow 25-30% over Q4 revenue, which puts them at $507,000 for Q1 2018 so far...

So come May 1st when year-end financials come out for 2017,  I assume the financials will show around $390k from Amazon and around 15k in sales from the first 3 quarters, for around 405k total for 2017, outside of the money they've been raising selling shares. 

The big question will be operating expenses during the Amazon deal as revenue and profit are different beasts as we are all aware of.  The first 3 quarters of 2017 they spent over 700k, so it looks like on pure sales alone they will lose money in 2017, somewhere around 200k, but overall they will be positive because of the shares and options they've been selling.  The hope here is that operating expenses didn't increase during the Amazon days that will offset the quick growth

With 500k for Q1 and growth of 25% quarterly, then 2018 will end up with a little under 3 million in sales revenue

Bullboard Posts