Freightos Full Year 2022 Earnings: US$3.12 loss per share (vs US$13.85 loss in FY 2021)

Simply Wall St

March 18, 2023

Freightos (NASDAQ:CRGO) Full Year 2022 Results

Key Financial Results

Revenue: US$19.1m (up 72% from FY 2021).
Net loss: US$24.7m (flat on FY 2021).
US$3.12 loss per share.

earnings-and-revenue-history — NasdaqCM:CRGO Earnings and Revenue History March 18th 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 54% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Logistics industry in the US.

Performance of the American Logistics industry.

The company's shares are down 30% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Freightos (at least 2 which make us uncomfortable), and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.