Transportation & Logistics Systems, Inc. focuses on transportation and logistics. It operates through the following segments: Save On, Prime, and Shypdirect. The Save On segment engages in the transportation of automobiles and other freight. The Prime segment concentrates on deliveries for on-line retailers in New York, New Jersey and Pennsylvania. The Shypdirect segment deals on tractor trailer and box truck deliveries of product on the east coast of the United States from one distributor's warehouse to another warehouse or from a distributor's warehouse to the post office. The company was founded on July 25, 2008 and is headquartered in West Palm Beach, FL.
Company profile
Ticker
TLSS
Exchange
CEO
John Mercadante
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Booking • Expedia • GXO Logistics • GATX • RXO • XPO • Virgin Galactic Holdings Inc - Ordinary Shares • Tuniu • ModivCare • Despegar.com ...
Former names
LORAN CONNECTION CORP, PETROTERRA CORP.
SEC CIK
Corporate docs
Subsidiaries
TLSS Acquisition, Inc. • Shyp CX, Inc. • Shyp FX, Inc. • Cougar Express, Inc. • JFK Cartage, Inc. • Freight Connections, Inc. • TLSS-FC, Inc. • TLSS-STI, Inc. • Severance Trucking Co., Inc. • Severance Warehousing, Inc. ...
IRS number
263106763
TLSS stock data
Latest filings (excl ownership)
NT 10-K
Notice of late annual filing
1 Apr 24
8-K
Departure of Directors or Certain Officers
6 Mar 24
8-K
Other Events
21 Feb 24
8-K
Departure of Directors or Certain Officers
3 Jan 24
8-K
Material Impairments
8 Dec 23
10-Q
2023 Q3
Quarterly report
14 Nov 23
8-K
Entry into a Material Definitive Agreement
13 Nov 23
8-K
Entry into a Material Definitive Agreement
3 Nov 23
8-K
Departure of Directors or Certain Officers
21 Sep 23
8-K
Regulation FD Disclosure
14 Sep 23
Latest ownership filings
4
Norman Francis Jr. Newton
20 Sep 22
4
CHARLES F BENTON
20 Sep 22
4
JAMES PAUL GIORDANO
20 Sep 22
4
SEBASTIAN GIORDANO
20 Sep 22
4
JAMES PAUL GIORDANO
2 Jun 22
3
JAMES PAUL GIORDANO
2 Jun 22
4
SEBASTIAN GIORDANO
2 Jun 22
4
John Mercadante JR
2 Jun 22
4
CHARLES F BENTON
2 Jun 22
4
Norman Francis Jr. Newton
2 Jun 22
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 98.64 k | 98.64 k | 98.64 k | 98.64 k | 98.64 k | 98.64 k |
Cash burn (monthly) | 215.09 k | 195.17 k | 889.33 k | 923.23 k | 265.48 k | 225.87 k |
Cash used (since last report) | 1.43 mm | 1.30 mm | 5.92 mm | 6.15 mm | 1.77 mm | 1.50 mm |
Cash remaining | -1.33 mm | -1.20 mm | -5.82 mm | -6.05 mm | -1.67 mm | -1.41 mm |
Runway (months of cash) | -6.2 | -6.2 | -6.5 | -6.6 | -6.3 | -6.2 |
Institutional ownership, Q3 2022
0.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 3.00 k |
Total shares | 560.00 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Gofen & Glossberg | 560.00 k | $3.00 k |