Quarterly ResultMay 7, 2026, 04:39 PM
Proficient Auto Logistics Q1 Net Loss ($6.49M); Revenue $93.7M
AI Summary
Proficient Auto Logistics reported a Q1 2026 net loss of $6.49 million, or ($0.23) per share, on total operating revenue of $93.7 million, a 1.6% decrease year-over-year. The company faced challenges from lower volumes, weather, and fuel costs, but expects improved performance in Q2. Stockholders approved the election of eight directors and the auditor appointment, but rejected an amendment to the Certificate of Incorporation. The company also repurchased 82,877 shares under its $15 million program.
Key Highlights
- Q1 2026 Net Loss was ($6.49) million, compared to ($3.19) million in Q1 2025.
- Total Operating Revenue decreased 1.6% to $93.7 million from $95.2 million year-over-year.
- Loss Per Share was ($0.23) in Q1 2026, compared to ($0.12) in Q1 2025.
- Total units delivered increased 1.5% to 501,850, but revenue per unit declined.
- Stockholders elected eight directors and ratified Grant Thornton LLP as independent auditor.
- Proposal to amend the Certificate of Incorporation failed to pass at the Annual Meeting.
- Repurchased 82,877 shares at an average price of $6.25 under a $15 million program.
- Ended Q1 with $9.8 million cash, $69.1 million debt, and net leverage ratio of 1.6x.
Price Impact
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