Freightos(CRGO)
Search documents
Freightos(CRGO) - 2023 Q1 - Quarterly Report
2023-05-22 16:00
Revenue and Growth - Revenue for Q1 2023 was $4.8 million, a 9.9% increase compared to Q1 2022, or 11.3% on a constant currency basis[2] - The company expects Q2 2023 Transactions to be between 239,500 and 244,500, representing a year-over-year growth of 109% to 113%[22] - Gross Bookings Value (GBV) for Q2 2023 is projected to be between $159.1 million and $162.4 million, reflecting a year-over-year growth of 26% to 29%[22] - The company anticipates full-year 2023 revenue to be between $22.3 million and $23.6 million, with a year-over-year growth of 15% to 22%[22] - Freightos achieved a record 229 thousand transactions in Q1 2023, representing a 100% year-over-year increase, with a Gross Booking Value (GBV) of $168.7 million[34] User and Ecosystem Growth - The number of unique buyer users increased by 29% year-over-year, indicating strong ecosystem growth[1] - The number of unique buyer users grew by 29% year-over-year, reaching 16 thousand in Q1 2023[34] - The number of carriers selling on the platform reached 37 in Q1 2023, a 19% increase year-over-year, representing approximately 57% of global cargo capacity[34] Financial Performance - IFRS Gross Margin was 58.3%, down from 61.7% in Q1 2022; Non-IFRS Adjusted Gross Margin was 65.0%, compared to 66.5% in Q1 2022[2] - Adjusted EBITDA for Q1 2023 was negative $5.8 million, worsening from negative $3.3 million in Q1 2022 due to increased investment in growth[2] - Freightos reported a non-IFRS gross profit of $3,134 thousand for Q1 2023, compared to $2,920 thousand in Q1 2022, with a non-IFRS gross margin of 65.0%[29] - The company incurred an operating loss of $57,960 thousand in Q1 2023, significantly higher than the $4,182 thousand loss in Q1 2022[30] - Adjusted EBITDA for Q1 2023 was $(5,816) thousand, with an adjusted EBITDA margin of (121)%[30] Cash and Assets - Cash and cash equivalents at the end of the period increased to $46,778 thousand from $16,903 thousand year-over-year[28] - Total assets increased significantly to $102,510 million as of March 31, 2023, compared to $41,806 million on December 31, 2022, reflecting a growth of 144%[40] - Cash and cash equivalents rose sharply to $46,778 million from $6,492 million, indicating a substantial increase of 620%[40] - Total equity surged to $82,949 million, up from $21,660 million, representing an increase of 284%[40] - Current liabilities decreased to $13,654 million from $17,080 million, a reduction of 20%[40] - Long-term liabilities increased to $5,907 million from $3,066 million, a rise of 93%[40] - Trade receivables increased to $2,390 million from $1,936 million, reflecting a growth of 23%[40] - User accounts remained stable at $3,309 million, slightly down from $3,328 million[40] - The company reported a significant increase in intangible assets, which totaled $9,051 million, down from $9,465 million, indicating a decrease of 4%[40] Strategic Initiatives - Freightos continues to invest in R&D and new customer acquisition, which is expected to yield high profit margins in the future[11] - Air cargo payments using Freightos' solution have grown over 30% since Q4 2022, indicating strong progress in payment solutions[16] - The Freightos platform has achieved close to 60% IFRS gross margins and is introducing new sales channels like Freightos Terminal, which is generating high profit margins[19] - Freightos launched Freightos Terminal in May 2023, a real-time global freight market intelligence solution[34] - Freightos plans to expand its solutions to other global manufacturers and retailers following a successful pilot with Electrolux[34]
Freightos(CRGO) - Prospectus(update)
2023-04-14 20:17
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Freightos Limited (Exact name of registrant as specified in its charter) As filed with the Securities and Exchange Commission on April 14, 2023. Registration No. 333-269911 Cayman Islands 4731 Not applicable (State or other jurisdiction of (Primary Standard Industrial (I.R.S Employer incorporation or organization) Classification Code Nu ...
Freightos(CRGO) - 2022 Q4 - Annual Report
2023-03-29 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 5(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES E ...
Freightos(CRGO) - 2022 Q4 - Earnings Call Transcript
2023-03-17 17:15
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. My name is Eytan Buchman, and I'm the Chief Marketing Officer at Freightos. A press release with detailed financial results for fiscal year 2022 was rel ...
Freightos(CRGO) - Prospectus
2023-02-22 21:18
Table of Contents As filed with the Securities and Exchange Commission on February 22, 2023. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Freightos Limited (Exact name of registrant as specified in its charter) (State or other jurisdiction of (Primary Standard Industrial (I.R.S Employer incorporation or organization) Classification Code Number) Identification Number) Technology Park Building 2 1 ...