PUDO Inc. reports FY 2025 results
TORONTO, June 2, 2025 /CNW/ - PUDO Inc. ("PUDO" or the "Company") (CSE: PDO) (OTCQB: PDPTF), today filed audited financial results and operational highlights for the Fiscal 2025 year ended February 28, 2025 ("FY 2025").
* Comprehensive loss position decreased 77.6%
Commented Elliott Etheredge, PUDO CEO, "We are very pleased with the revenue growth of more than 27% we experienced in FY 2025 and, in particular, with the increased momentum of the fourth quarter with revenue increasing by almost 70% year-over-year. Additionally, we are excited to report that the significant increase in operating cash flow, which was a positive $259,630, and the capital raise completed in March of 2025 has meaningfully enhanced our cash position and balance sheet strength.
The PUDO team has been working very aggressively during the year to expand our customer base, our geographic coverage, and our service capabilities. During the course of FY 2025 we saw continued improvement in top line growth, cash generation, and the level of engagement with our customers. We are encouraged that this will continue into next year
PUDO continues to scale the reach and capacity of its parcel services, solidifying its role as a vital component in modern e-commerce logistics. By expanding its network of participating PUDOpoints and forming strategic partnerships with leading retailers, SaaS platforms and 3PL providers, PUDO is streamlining the delivery and returns process for both merchants and consumers. These efforts are enabling a more flexible, customer-centric experience while simultaneously optimizing last-mile logistics for PUDO's partners.
A complete copy of the audited consolidated financial statements and the Management's Discussion and Analysis Report for the year ended February 28, 2025, can be found on the CSE website at www.thecse.com and on SEDAR at http://www.sedar+.com/.
To signup for the PUDO News Feed please subscribe at https://pudopoint.com/investors/.
For more information, please visit www.pudopoint.com
About PUDO Inc.
PUDO Inc. is North America's only independent parcel pick-up and drop-off counter network.
PUDO has created a Network of more than 1,200 storefront partners known as PUDOpoint Counters, strategically located very near to where people live, work and play.
PUDO partners with retailers and logistics providers to offer a last-mile pick-up and returns network for ecommerce shoppers that reduces cost, increases convenience and provides package security to the last-mile of package logistics. Visit: www.pudopoint.com.
Information in this press release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws, such as statements regarding estimated revenues from new contracts, increased parcel volume, activation and implementation of PUDO's technology and possible future expansions of PUDO's operations. This information is based on current expectations and assumptions of management, including assumptions concerning PUDO's ability to integrate its new customers into its network and successfully execute on its new and existing contracts. The use of any of the words "anticipate", "believe", "expect", "plan", "intend", "can", "will", "should", and similar expressions are intended to identify forward-looking statements. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Risks, uncertainties, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Factors that could cause actual results to differ materially from such forward-looking information include, without limitation, uncertainties with respect to service implementation, the economic results of the relationship on the operations of the Company, changes in general economic, market, or business conditions, and those risks set out in the Company's public documents filed on SEDAR. This press release, in particular the information in respect of estimated revenues, may contain future-oriented financial information or financial outlook within the meaning of applicable securities laws. Such future-oriented financial information or financial outlook has been prepared for the purpose of providing information about management's reasonable expectations as to the anticipated results of its proposed business activities. Readers are cautioned that reliance on such information may not be appropriate for other purposes.
The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by law.
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