Freightos Limited Ordinary sharesNASDAQ: CRGO

BARCELONA, Spain , June 6, 2024 /PRNewswire/ -- WebCargo by Freightos (NASDAQ: CRGO), a leading independent booking and payment platform for the international freight industry, is excited to announce a new partnership with Thai Airways, a key Asian carrier and the national carrier of Thailand.  In the coming months, Thai Airways will integrate its cargo capacities into WebCargo's platform,  offering real-time booking, pricing, and payment processes.

Freightos Limited (CRGO) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.17 per share a year ago.

Record Transactions, GBV, Revenue and Adjusted EBITDA, exceeding management expectations Cash and equivalents balance of $50 million ensures sufficient resources to capture the massive market opportunity JERUSALEM , May 20, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral digital booking and payment platform for the international freight industry, today reported financial results for the quarter ended March 31, 2024. "We are pleased with the strong first quarter of the year, which highlights the robustness and growing acceptance of our platform, and the strides we are making in digitalizing international freight, bringing efficiency and transparency to this crucial sector," said Zvi Schreiber, CEO of Freightos.

Freightos Limited (CRGO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Freightos, a vendor-neutral booking and payment platform for the international freight industry, reported record transactions for the fourth quarter of 2023. The company recorded 286,900 transactions in the fourth quarter, marking the 16th consecutive quarter of record transactions on its platform, Freightos said in a Tuesday (Jan. 16) press release.

Freightos CEO Zvi Schreiber weighs in on navigating the Red Sea attacks and how some ships are re-routing on 'The Claman Countdown.' https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video.foxbusiness.com Watch Fox Business Network Live: http://www.foxnewsgo.com/ FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street.

Freightos operates a booking and payment platform for freight, aiming to make shipments faster, cost-effective, and reliable. The company has seen growth in the number of transactions but has not been able to translate it into higher revenues. CRGO faces challenges in commercializing its services profitably, with stagnant revenues, worsening adjusted EBITDA, and a cash burn that could lead to running out of cash by 2024.

Freightos Limited (NASDAQ:CRGO ) Q2 2023 Results Conference Call August 21, 2023 8:30 AM ET Company Participants Eytan Buchman - Chief Marketing Officer Zvi Schreiber - CEO Ran Shalev - CFO Conference Call Participants Jason Helfstein - Oppenheimer Brian Dobson - Chardan George Sutton - Craig-Hallum Hello, all. Welcome to Freightos' Q2 2023 earnings conference call.

Freightos, a digital marketplace for international air and ocean shipping, announced Tuesday that it will reduce staff levels by 13% and lowered its full-year outlook again in an effort to stem mounting losses as revenues fall short of expectations because of a prolonged downturn in freight markets. The news is the latest example of the ongoing freight recession taking a financial toll on companies in the freight transportation space.