Freightos First Quarter 2024 Earnings: US$0.096 loss per share (vs US$1.36 loss in 1Q 2023)

Freightos (NASDAQ:CRGO) First Quarter 2024 Results

Key Financial Results

• Revenue: US$5.36m (up 11% from 1Q 2023).
• Net loss: US$4.62m (loss narrowed by 91% from 1Q 2023).
• US$0.096 loss per share (improved from US$1.36 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Freightos Earnings Insights

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Logistics industry in the US.

Performance of the American Logistics industry.

The company's shares are up 4.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Freightos that you need to take into consideration.

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