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PSIG

PS International Group Ltd.

PSIG

PS International Group Ltd. • NASDAQ
$4.07 ▼ -0.62% (-0.03)
Market Cap $13.22 M
52w High $6.79
52w Low $2.14
Dividend Yield 0%
P/E -2.31
Volume 15.49K
Outstanding Shares 3.25M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2024 $39.366M ▲ $1.27M ▲ $-46K ▲ -0.117% ▼ $-0.013 ▲ $-46K ▲
Q1-2024 $0 $521.578K ▲ $-399.622K ▼ 0% $-0.11 ▼ $-277.664K ▼
Q4-2023 $0 $456.718K ▲ $-261.077K ▼ 0% $-0.072 ▼ $-261.077K ▼
Q3-2023 $0 $225.51K ▼ $-132.851K ▲ 0% $-0.037 ▲ $-225.51K ▲
Q2-2023 $0 $461.528K $-330.507K 0% $-0.091 $-461.53K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $8.164M ▼ $24.654M ▼ $13.86M ▼ $10.67M ▼
Q2-2024 $8.593M ▲ $27.541M ▲ $15.074M ▲ $12.354M ▲
Q1-2024 $6.552K ▼ $11.568M ▲ $5.763M ▲ $5.805M ▼
Q4-2023 $114.709K ▲ $11.468M ▲ $5.264M ▲ $12.796M ▲
Q3-2023 $32.404K $11.23M $4.58M $6.65M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2024 $-399.622K ▼ $-166.157K ▲ $-50K ▼ $108K ▼ $-108.157K ▼ $-166.16K ▲
Q4-2023 $-261.077K ▼ $-207.695K ▼ $35.03K ▲ $254.969K ▲ $82.305K ▲ $-207.695K ▼
Q3-2023 $-132.851K ▲ $-96.752K ▲ $-150K $147.589K ▲ $-99.163K ▲ $-96.752K ▲
Q2-2023 $-330.507K ▼ $-314.302K ▼ $-150K ▼ $75.403K ▲ $-388.899K ▼ $-314.302K ▼
Q1-2023 $-8.873K $-250.848K $78.174M $-77.447M $476.249K $-250.848K

Five-Year Company Overview

Income Statement

Income Statement PSIG’s income statement shows a very small, early-stage business with only modest revenue and very thin margins. Results bounce between tiny profits and small losses rather than showing a clear, steady growth path. Recent earnings per share have swung sharply, which likely reflects a mix of one‑off items and changes in the share structure rather than a strong underlying trend. Overall, the company looks more like a business still finding its scale and efficiency than a mature, profit‑generating logistics player.

Balance Sheet

Balance Sheet The balance sheet is light, with a small asset base and modest cash, consistent with a small or still‑developing operator. A clear positive is the lack of financial debt, which reduces balance‑sheet risk and interest burden. Equity is positive but not large, so there is only a thin capital cushion if the company runs into setbacks. In short, the balance sheet is simple and relatively clean, but also limited in resources for aggressive expansion or to absorb prolonged losses.

Cash Flow

Cash Flow Reported cash flow data are effectively flat, suggesting either very low activity, incomplete disclosure, or figures rounded down because of small size. That makes it hard to judge the true health of PSIG’s cash generation. For a logistics business, the key questions remain unanswered: how much cash is actually coming in from day‑to‑day operations, and how much is being used to fund technology, growth, or working capital swings. The lack of visible cash‑flow history adds a layer of uncertainty to the financial picture.

Competitive Edge

Competitive Edge PSIG operates in a crowded global logistics market dominated by much larger, well‑known players with broad networks and advanced systems. Its main angle appears to be a focus on cross‑border e‑commerce customers and its base in Hong Kong, a strategic trade hub. As a smaller company, it may offer more flexibility and tailored service, but it likely faces price pressure and low switching costs among customers. Until its scale, network strength, and customer stickiness are clearer, its competitive position looks more emerging than entrenched.

Innovation and R&D

Innovation and R&D The company’s key story is its ambition to build a proprietary “smart logistics system” and become a technology‑driven logistics provider. So far, the vision is clearer than the details: public information describes goals such as better tracking, analytics, automation, and e‑commerce integration, but there is limited evidence of fully rolled‑out, differentiated tools in the market. The real test will be whether PSIG can turn this concept into working products that clients actively adopt, value, and stick with—ideally backed by visible partnerships, unique features, or protected technology.

Summary

PSIG looks like a very small, early‑stage logistics and freight operator that has come public via a SPAC and later executed a reverse split, all while promoting a technology‑driven future. Financially, it appears close to break‑even with thin margins, limited assets, and no debt, leaving some balance‑sheet safety but not much scale or cushion. Strategically, it is trying to carve out a niche in cross‑border e‑commerce logistics using a yet‑to‑be‑proven smart logistics platform. The main opportunity lies in successfully executing this tech vision and gaining loyal customers; the main risks are intense competition, limited resources, and the current lack of clear evidence that its technology and business model can deliver durable growth and profitability.