Freightos Limited (NASDAQ:CRGO) Q3 2024 Earnings Conference Call November 25, 2024 8:30 AM ET Company Participants Anat Earon-Heilborn - Investor Relations Zvi Schreiber - Chief Executive Officer and Chairman Ran Shalev - Chief Financial Officer Conference Call Participants Jason Helfstein - Oppenheimer Logan Lillehaug - Craig-Hallum Anat Earon-Heilborn Hello and welcome to Freightos Q3 2024 Earnings Conference Call. A press release with detailed financial results was released earlier today and is available ...

Freightos Limited (CRGO) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 72.73%. A quarter ago, it was expected that this company would post a loss of $0.10 per share when it actually produced a loss of $0.11, delivering a surprise of -10%.Over the last four quarters, the company has surpasse ...

Full-year revenue guidance now at the higher end of the previous range, Adjusted EBITDA guidance upBARCELONA, Spain, Nov. 25, 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 September 30, 2024. The consistent growth trend continued, with record Transactions, record revenue, and the highest revenue growth rate and highest adjusted EBITDA since goi ...

BARCELONA, Spain, Nov. 25, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral digital booking and payment platform for the international freight industry, today announced that Ran Shalev, Chief Financial Officer, has decided to conclude his tenure effective December 31, 2024, to pursue another role. The company is in the process of a search for a successor. In order to ensure continuity, Mr. Shalev has agreed following his departure to actively assist with ongoing operations and ...

. . . Freightos Announces Participation in the LD Micro Main Event XVII Presentation on Tuesday, October 29th at 01:30 PM PT October 09, 2024 7:30 AM EDT | Source: LD Micro Barcelona, Spain--(Newsfile Corp. - October 9, 2024) - Freightos (NASDAQ: CRGO), the leading vendorneutral digital booking and payment platform for the international freight industry, announced today that it will be presenting at the 17th annual Main Event on Tuesday, October 29th at 01:30 PM PT at the Luxe Sunset Boulevard Hotel. Dr. Zv ...

BARCELONA, Spain, Sept. 26, 2024 /PRNewswire/ -- Freightos (NASDAQ: CRGO), the leading vendorneutral digital booking and payment platform for the international freight industry, today announced the addition of Hainan Airlines (HNA Cargo), a top five airline in China, to its leading WebCargo digital air cargo booking and payment platform. This collaboration marks a significant expansion of capacity available for forwarders on the platform in Asia Pacific and Europe. Additionally, WebCargo's digital payment s ...

Table of Contents INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 IN U.S. DOLLARS INDEX | | Page | | --- | --- | | Interim Consolidated Statements of Financial Position | 2 | | Interim Consolidated Statements of Profit or Loss and Other Comprehensive Loss | 3 | | Interim Consolidated Statements of Changes in Equity | 4 | | Interim Consolidated Statements of Cash Flows | 5 - 6 | | Notes to the Interim Consolidated Financial Statements | 7 - 18 | 1 - - - - - - - - - - - - - Table of Contents Exh ...

BARCELONA, Spain, Aug. 22, 2024 /PRNewswire/ -- Freightos (NASDAQ: CRGO) today announced the addition of Pacific Air Cargo to its leading WebCargo digital air cargo booking and payment platform. This collaboration expands WebCargo's offered capacity to include key routes from Los Angeles to Hawaii and the Pacific Islands, complementing recent advancements in its domestic US air cargo capacity. Pacific Air Cargo, renowned for its network and reliable service, operates over 600 annual flights and transports m ...

| --- | --- | --- | --- | |-------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | Q2 2024 Earnings Call Nasdaq: CRGO | | | | | | | | | | August 19, 2024 08:30 | | | | 00:50 Disclaimer About this Presentation This presentation does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any security. Please see our SEC filings for the most up to date information. The information contained herein does not p ...

Financial Data and Key Metrics Changes - In Q2 2024, the company reported revenue of $5.7 million, an 11% increase compared to Q2 2023 [29] - Gross booking value (GBV) reached $203.4 million, a 31% increase year-over-year [5] - Non-IFRS gross margins improved to 72%, up from 65% in the same period last year [31] - Adjusted EBITDA loss was $3.1 million, significantly better than the $5.3 million loss in Q2 2023 [32] Business Line Data and Key Metrics Changes - The company facilitated 316.5 thousand transactions in Q2, a 32% increase year-over-year [5] - Unique buyer users increased by 16%, reaching approximately 19,000 [7] - The Platform & Solutions segment grew 11% year-on-year, reflecting strong user engagement [29] Market Data and Key Metrics Changes - Global ocean freight container volumes increased by 6.5% compared to Q1 and were 5.7% higher than Q2 last year [24] - Global air cargo volumes grew by 15% compared to Q2 last year, with a 6% increase from Q1 [25] - Ocean container shipping rates were 65% higher than the end of Q1 and over 250% higher than the previous year [26] Company Strategy and Development Direction - The acquisition of Shipsta is aimed at enhancing the company's offerings in tender management and long-term freight procurement [13][22] - The company is focused on digitizing both spot and contract procurement processes to create a comprehensive digital freight booking platform [14][22] - Expansion efforts include new services such as handling dangerous goods and temperature-controlled shipments [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to grow despite market challenges, citing the ongoing digital transformation in the freight industry [28] - The company anticipates transaction growth of 20% to 24% year-on-year in Q3, with full-year expectations of 25% to 27% growth [34] - Management noted caution regarding transaction growth in the second half of the year due to market uncertainties and delays in airline rollouts [34] Other Important Information - The company had $47.3 million in cash and short-term deposits at the end of June, providing sufficient funds for operations [33] - The integration of Shipsta is expected to enhance revenue and operational synergies, with an anticipated contribution of approximately $800,000 in revenues for Q4 [34] Q&A Session Summary Question: Can you talk about the revenue and cost synergy opportunities between Freightos and Shipsta? - Management highlighted expectations of $800,000 in revenue from Shipsta for the remainder of the year and emphasized the complementary nature of both companies' products [35][36] Question: Can you provide an update on recent trends in U.S. trucking and ocean initiatives? - Management noted green shoots in U.S. trucking, particularly in LTL, and emphasized the strategic connection between trucking and air cargo operations [38][39][42] Question: How did the company achieve significant leverage in gross profit this quarter? - Management attributed the increase in gross profit to economies of scale and continued investment in automation and software development [43][45]