Freightos(CRGO)

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Freightos(CRGO) - 2023 Q3 - Earnings Call Transcript
2023-11-23 17:26
Freightos Limited (NASDAQ:CRGO) Q3 2023 Results Conference Call November 21, 2023 8:30 AM ET Company Participants Anat Earon-Heilborn - VP, IR Zvi Schreiber - CEO Ran Shalev - CFO Conference Call Participants Jason Helfstein - Oppenheimer George Sutton - Craig-Hallum Anat Earon-Heilborn Hello, everyone, and welcome to Freightos Q3 2023 Earnings Conference Call. A press release with detailed financial results for Q3 2023 was released earlier today and is available at freightos.com/investors. My name is Anat ...
Freightos(CRGO) - 2023 Q2 - Quarterly Report
2023-09-18 16:00
Exhibit 99.1 INTERIM CONSOLIDATED FINANCIAL STATEMENTS IN U.S. DOLLARS | --- | --- | |----------------------------------------------------------------------------------------------------|------------| | | 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 Consolida ...
Freightos(CRGO) - 2023 Q2 - Earnings Call Transcript
2023-08-22 16:17
Zvi Schreiber - CEO example, one major airline partner who has worked with us for over a year still saw transactions grow by over 25% quarter-on-quarter. As a pioneer in digital freight platforms, we come on with strong market leadership and are well positioned to continue to benefit from this demand. And still only a fraction of the global freight industry is aligned. So, weÂ're only scratching the surface of this marketÂ's potential. The team and I are excited to continue to scale Freightos as a sustainab ...
Freightos(CRGO) - 2023 Q3 - Quarterly Report
2023-08-21 11:38
Exhibit 99.1 Freightos Reports Second Quarter Results with Record Transactions and Improved Profitability ● Freightos Platform continues 14 quarter streak of record Transactions. ● Company remains on track to reach profitability with existing cash. August 21, 2023 – Jerusalem /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 ending June 30, 2023. Recent busine ...
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) - 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 ...