Overview

* PUDO ( PDPTF ) fiscal Q1 revenue grows 64% yr/yr, driven by returns business

* Comprehensive loss for the period decreased by 67.9% yr/yr

* Returns accounted for 60.6% of revenue, up from 52.4% last year

Outlook

* Company sees increasing opportunities in new business and customer expansion

* PUDO ( PDPTF ) aims to expand U.S. network to support returns service

* PUDO ( PDPTF ) continues to expand PUDO Label Return services with more retailers

Result Drivers

* RETURNS BUSINESS - Volume increased by over 500%, driving revenue growth, per CEO Elliott Etheredge

* REVENUE COMPOSITION - Returns accounted for 60.6% of revenue, up from 52.4% last year

* NETWORK EXPANSION - Expansion of PUDO Label Return services and partnerships with SAAS and 3PL providers contributed to growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 C$1.40

Revenue mln

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)