| --- | --- | --- | --- | |-------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | 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]

Freightos Limited (CRGO) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -10%. A quarter ago, it was expected that this company would post a loss of $0.11 per share when it actually produced a loss of $0.06, delivering a surprise of 45.45%. Over the last four quarters, the company has surpas ...

New records for transactions, GBV, revenue and Adjusted EBITDA, all exceeding management expectations Acquisition of Shipsta expands company's platform for importers/exporters while accelerating revenue growth and supporting reaching breakeven with cash on hand BARCELONA, Spain, Aug. 19, 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 June 30, 20 ...

BARCELONA, Spain, July 15, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported preliminary second quarter 2024 Key Performance Indicators. In Q2 2024, Freightos continued to progress toward its long-term growth objectives. The company facilitated 316.5 thousand transactions, representing a year-over-year growth of 32%, surpassing management expectations for the quarter and exceeding the long term ...

BARCELONA, Spain, June 27, 2024 /PRNewswire/ -- WebCargo by Freightos (NASDAQ: CRGO), the leading digital booking and payment platform for the international freight industry, is excited to announce its new partnership with Coyne Airways. This collaboration expands WebCargo's reach in Africa, the Gulf, and the Caspian regions, providing forwarders and airline partners with seamless access to real-time rates, booking, interline and payment solutions. platform for international freight. In an industry which ti ...

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. Soon, forwarders will be able to book and pay for air cargo d ...

Freightos Limited (NASDAQ:CRGO) Q1 2024 Earnings Conference Call May 20, 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 George Sutton - Craig-Hallum Jason Helfstein - Oppenheimer Anat Earon-Heilborn Hello and welcome to Freightos Q1 2024 Earnings Conference Call. A press release with detailed financial results was released earlier today and is available on the ...

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. These figures are adjusted for non-recurring items. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Freightos Limited shares have lost about 30% since the beginning of the year ...

Exhibit 99.1 Freightos Reports First Quarter 2024 Results with Double-digit Revenue Growth 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 interna ...