Freightos Ltd

Gesher I Acquisition Corp. is a blank check company, which was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on February 23, 2021 and is headquartered in Tel Aviv, Israel.

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Freightos (CRGO) beats Q1 expectations, eyes growth amid challenges

Freightos demonstrated robust performance in Q1, surpassing expectations with strong financial results and strategic partnerships. While facing challenges from external factors like the Red Sea crisis, the company remains focused on growth, cost management, and achieving positive adjusted EBITDA.

Freightos Ltd (CRGO) reports record Q3 performance and eyes profitability by 2026

Freightos Ltd (CRGO) delivered strong Q3 performance with record transaction volumes and revenue growth, supported by platform and buy side expansion.
Challenges include negative adjusted EBITDA, market conditions, and the need for operational efficiencies, while opportunities lie in new leadership and strategic partnerships.
Guidance for Q4 reflects continued growth momentum, with a focus on increasing transactions, gross booking value, and revenue, positioning the company for future success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Freightos Ltd. engages in the operation of a booking and payment platform for international freight. It operates through the Platform and Solutions segments. The Platform segment provides digitalized price quoting, booking, and payments. The Solutions segment offers software tools and data to help industry participants automate their pricing, sales, and procurement processes. The company was founded by Zvi Schreiber in January 2012 and is headquartered in Jerusalem, Israel.

In light of persisting global economic headwinds, Freightos announces an operational efficiency plan expected to allow the Company to continue growth and to reach break-even on existing funds. Growth plans heighten focus on Solution and Platform development for freight forwarders, airlines and enterprise importers/exporters.

Freightos Announces Plan for Operational Efficiency and Cost Reduction

As air cargo market softens, the Dashboard provides critical insights into demand patterns and pricing, and allows airlines to take action to improve sales and revenue JERUSALEM , July 5, 2023 /PRNewswire/ -- WebCargo by Freightos (Nasdaq: CRGO), the leading digital cargo booking and payment platform, announced today that its new Airline Dashboard has emerged from beta for its 35+ airline partners. With the new product, airlines can optimize revenue and utilization with unparalleled visibility into customer behavior across over 10,000 forwarding offices, while gaining the ability to easily adjust surcharges, services and more.

WebCargo Launches Airline Dashboard to Drive Insights and Revenue for Cargo Airlines

Largest Nordic airline to provide sustainable eBookings from the Mediterranean to the Arctic to 10,000+ forwarding offices on WebCargo JERUSALEM, June 22, 2023 /PRNewswire/ -- Wideroe, the innovative Nordic airline, announced today a new partnership with WebCargo by Freightos (NASDAQ: CRGO) to deliver real-time rates, capacity and eBookings on the cargo booking platform, reaching 3,500+ forwarders across 10,000 offices globally. Forwarders now have access to air cargo shipments from Norway, Denmark, and the United Kingdom through Wideroe's unique network.

Wideroe, a Leader in Emission Reduction, to Expand its Digital Offerings with eBookings on WebCargo

Partnership with Leading Cargo Booking and Payment Platform Makes Eastern Air Logistics First Chinese Carrier With Real-Time Ex-China eBooking and Payments JERUSALEM , June 20, 2023 /PRNewswire/ -- Eastern Air Logistics (EAL), the logistics arm of China Eastern Airlines, the first all-cargo airline in China, has announced a new partnership with WebCargo by Freightos (NASDAQ: CRGO), the leading cargo booking and payment platform, to deliver eBooking and payments to global forwarders of all sizes. This partnership provides a seamless, end-to-end solution for customers looking to move cargo from the largest global export country to the West, beginning with ex-China coverage to North America, Europe and Asia, and from Europe to China.

Eastern Air Logistics Taps WebCargo to Fuel Global Growth

Freightos, a digital marketplace for air and ocean freight, reported adjusted losses before accounting measures increased 83% to $5.8 million in the first quarter due to ongoing investments in R&D and customer acquisition, despite transaction levels doubling. The results suggest that transactional fees are still too thin to overcome ongoing startup costs.

Freightos' cash burn continues despite more user activity

Transactions on Freightos Platform continue streak of 13 record quarters, confirming again sustainable marketplace growth flywheel. Carriers providing marketplace supply diversify and expand to 37.

Freightos Announces Record Q1 2023 Transactions and Achieves High End of Guidance

In industry first, Electrolux Group unlocks instant air cargo bookings on specific flights via existing forwarders, saving time and money, and increasing supply chain efficiency and governance JERUSALEM , May 22, 2023 /PRNewswire/ -- Electrolux Group, a global leader in home appliances, has announced a new partnership with Freightos (NASDAQ: CRGO), the leading global freight booking platform, to improve its freight booking process across its forwarders and carriers.  The partnership follows a successful proof of concept addressing efficiencies in cost estimation, booking, and end to end tracking and air freight visibility.

Electrolux Group Taps Freightos for Real-Time Procurement of Air Freight

JERUSALEM , May 16, 2023 /PRNewswire/ -- Freightos (Nasdaq: CRGO), a leading vendor-neutral booking and payment platform for the international freight industry, today announced it will report its financial results for the Q1 2023 fiscal quarter on Tuesday, May 23, 2023. Freightos' management will host a webcast and conference call to discuss the results that morning at 8:30 a.m.

Freightos to Announce Q1 2023 Financial Results on Tuesday, May 23, 2023

JERUSALEM , May 10, 2023 /PRNewswire/ -- Today, Freightos® (NASDAQ: CRGO), a leading freight booking and payment platform, unveiled Freightos Terminal, a one-stop dashboard that provides industry stakeholders with the data and market updates, trends and insights that they need to stay informed. This allows logistics professionals to optimize their international shipping and keep supply chains running smoothly and cost-effectively in an uncertain world.

AT YOUR FINGERTIPS: Freightos Terminal Launches Today With Industry-Leading Market Intelligence Data and Insights to Keep International Supply Chains Moving

JERUSALEM , April 20, 2023 /PRNewswire/ -- Freightos Limited (Nasdaq: CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported Q1 2023 Key Performance Indicators. Financial results will be reported separately.

Freightos Announces Record Transactions and Exceeds Guidance for First Quarter of 2023

Freightos Limited aims to monetize on the freight market by offering digitization for air and sea shipping. Company raises $80 million in January and is in the scaling phase.

Freightos: A Digital Cargo Revolution But Where Is The Value?

Freight Forwarders Can Now Instantly Compare, Book, and Pay Sinoair, CIMC Anda Shun, and Sinotech to Move Air Cargo on World's Busiest Lane BARCELONA, Spain , March 30, 2023 /PRNewswire/ -- WebCargo by Freightos, the leading cargo booking and payment platform, has partnered with three of China's leading master loaders to offer global forwarders real-time access to Chinese air cargo export capacity. This innovation allows the thousands of forwarders on WebCargo across Europe and North America to compare prices, book and pay across Sinotrans Global E-commerce Logistics ('Sinoair'), CIMC Anda Shun International Logistics Co., Ltd.

OPEN FOR BUSINESS: Three Chinese Master Loaders Available for Air Booking on WebCargo

Freightos Limited (NASDAQ:CRGO ) Q4 2022 Results Conference Call March 13, 2023 8:30 AM ET Company Participants Eytan Buchman - CMO Zvi Schreiber - CEO Ran Shalev - CFO Conference Call Participants George Sutton - Craig-Hallum Greg Pendy - Chardan Jason Helfstein - Oppenheimer Eytan Buchman Hi. Welcome to Freightos' 2022 Fiscal Year Earnings Conference Call.

Freightos Limited (CRGO) Q4 2022 Earnings Call Transcript

The online freight booking business expects 2023 revenue growth of 15% to 21%, down from a prior forecast of 87%.

Shipping Platform Freightos Slices Cargo Growth Forecast

Key growth drivers include the doubling of both the number and the value of transactions, in addition to successful strategic acquisitions. Annual revenue increased by 72%.

Freightos Announces Record Fiscal Year 2022 Results

JERUSALEM , March 6, 2023 /PRNewswire/ -- Freightos (Nasdaq: CRGO), a leading, vendor-neutral booking and payment platform for the vast international freight industry, today announced it will report its financial results for the fiscal year 2022 on Monday, March 13, 2023. Freightos' management will host a webcast and conference call to discuss the results that morning at 8:30am ET.

Freightos to Announce 2022 Financial Results on Monday, March 13, 2023

Innovative US carrier to enable seamless booking and payment on WebCargo, the leading cargo booking platform MIAMI and BARCELONA, Spain, Jan. 31, 2023 /PRNewswire/ -- Domestic cargo plays a key role in US trade, reaching over 20 billion cargo revenue ton miles in 2021 [1] . As air cargo expands across a range of sectors, freight forwarder demand for transparent, efficient pricing and booking is driving innovation at top airlines.

JetBlue Cargo, operated by AeroNex Cargo, to offer real-time cargo pricing, eBooking and payment for US forwarders via WebCargo

Shares of Freightos (NASDAQ: CRGO ) rose as much as 30% following the company's successful completion of a special purpose acquisition company (SPAC) merger. The company, which is based in the Cayman Islands but operated out of Jerusalem, Israel, runs an online marketplace for booking and payments related to international freight shipments.

Freightos (CRGO) Stock Soars 30% After SPAC Merger

(Updated January 26, 2022, 9:15 a.m. ET) Freightos, a digital freight marketplace that instantly connects ocean, air and truck carriers with shippers, was publicly listed on the Nasdaq exchange Thursday morning after combining with a blank-check company to raise $80 million, taking a route less traveled since the SPAC market fell out of favor.

Freightos makes public debut on Nasdaq as SPAC market tanks

Raised more than $80 million to fund growth strategy, anticipated to be in excess of cash needed to reach positive cash flow Leader in digitizing global shipping - one of the largest but most traditional industries in the world Freightos facilitates smooth supply chains, following two years of rampant volatility To commence trading tomorrow on Nasdaq under "CRGO" JERUSALEM , Jan. 25, 2023 /PRNewswire/ -- Freightos Limited (Nasdaq: CRGO), a leading global freight booking and payment platform ("Freightos" or the "Company") today announced the closing of its business combination with Gesher I Acquisition Corp. ("Gesher"), a special purpose acquisition company. The combined company will operate as Freightos Limited.

News for Freightos Ltd Stock (CRGO)