JERUSALEM, Feb. 8, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today announced that William Chin, Head of Commodities at the Singapore Exchange stepped down from the board of directors, and that Carl Vine, Co-Head of Asia-Pacific Equity Investing at M&G Investments, was appointed to the board. Carl Vine joined the M&G Equity team in 2019 and has 27 years of investment experience. Prior to folding it int ...

BARCELONA, Spain, Feb. 5, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral booking and payment platform for the international freight industry, announced that WebCargo by Freightos has partnered with Virgin Atlantic Cargo, a global air cargo leader. This collaboration combines Virgin Atlantic Cargo's extensive network with WebCargo's digital reach, providing more options for forwarders globally. With the largest off-site cargo handling operation at the UK's largest commercial ...

TOKYO and JERUSALEM, Jan. 24, 2024 /PRNewswire/ -- WebCargo by Freightos (NASDAQ: CRGO), the leading digital booking and payment platform for the international freight industry, today announced its partnership with JALCARGO, the cargo arm of Japan Airlines (JAL)).  Thousands of freight forwarders already using WebCargo will now be able to eBook for JAL's air cargo capacity to Japan and other Asian countries from Japan, Europe and the United Kingdom.  "Digital transformation is key for JALCARGO's growth. Off ...

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 ...

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 ...

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 ...

[Report Overview](index=1&type=section&id=Report%20Overview) [Management Commentary](index=1&type=section&id=Management%20Commentary) Management highlighted record transaction volumes for the 14th consecutive quarter, successfully offsetting depressed freight rates and reduced industry volumes, while reaffirming 2023 guidance with confidence in sustained growth and careful expense management - The Freightos Platform achieved record transaction numbers, marking **14 consecutive quarters of growth**, which successfully counteracted the negative impact of depressed international freight rates[1](index=1&type=chunk)[3](index=3&type=chunk) - The company has seen a **10% year-over-year growth** in Unique Buyer Users, indicating increased market share and adoption of digital bookings[3](index=3&type=chunk) - An operational efficiency plan was implemented in July 2023, which is expected to improve profitability from Q3 onwards and enable the company to reach profitability with its existing cash reserves[3](index=3&type=chunk) - Freightos reaffirmed its 2023 guidance, citing sustained Solutions sales, a growing data business, improved take rates, and careful spending control as key drivers for maintaining high and stable gross margins[3](index=3&type=chunk) [Q2 2023 Performance](index=2&type=section&id=Q2%202023%20Performance) [Financial Highlights](index=2&type=section&id=Financial%20Highlights) In Q2 2023, Freightos reported revenue of $5.1 million, a slight decrease of 1.3% YoY, an IFRS operating loss of $5.9 million, and a negative Adjusted EBITDA of $5.3 million, while Non-IFRS Gross Margin remained stable at 65.0% Q2 2023 Key Financial Metrics | Metric | Q2 2023 ($) | Q2 2022 ($) | Change | | :--- | :--- | :--- | :--- | | Revenue | $5.1 million | $5.2 million | -1.3% | | IFRS Gross Margin | 57.3% | 59.6% | -2.3 p.p. | | Non-IFRS Gross Margin | 65.0% | 65.0% | 0.0 p.p. | | IFRS Operating Loss | ($5.9 million) | ($5.9 million) | 0.0% | | Adjusted EBITDA | ($5.3 million) | ($3.6 million) | +47.2% | | IFRS Loss Per Share | ($0.12) | ($1.03) | N/A | | Non-IFRS Loss Per Share | ($0.10) | ($0.77) | N/A | [Business Highlights](index=2&type=section&id=Business%20Highlights) Operationally, Freightos achieved a record 239,000 transactions, a 59% YoY increase, with a Gross Booking Value (GBV) of $154.8 million, supported by growth in unique buyer users and carriers, alongside product advancements - Achieved a record **239,000 transactions**, up **59% year-over-year**, marking **14 consecutive quarters of growth**[5](index=5&type=chunk) - Gross Booking Value (GBV) reached **$154.8 million**, with Platform Revenue increasing despite lower industry freight rates, driven by improved take rates on air cargo eBookings[5](index=5&type=chunk) - The number of unique buyer users grew **over 10% YoY to 16,000**, and the number of carriers selling on the platform increased **19% YoY to 37**[5](index=5&type=chunk) - The new market intelligence solution, Freightos Terminal, launched in April 2023, is expanding its user base, including licenses from Fortune 1000 companies[5](index=5&type=chunk) [Financial Outlook](index=3&type=section&id=Financial%20Outlook) [Q3 and FY 2023 Guidance](index=3&type=section&id=Q3%20and%20FY%202023%20Guidance) Freightos provided its financial outlook for Q3 and the full year 2023, projecting continued strong growth in transaction volume, with revenue between $5.0-$5.3 million for Q3 and $20.0-$21.2 million for the full year, and expected improvement in negative Adjusted EBITDA Management Expectations as of August 2023 | Metric | Q3 2023 Expectation | FY 2023 Expectation | | :--- | :--- | :--- | | ** Transactions** | 243,500 - 259,500 | 973,000 - 1,042,000 | | YoY Growth | 27% - 35% | 46% - 57% | | **GBV ($m)** | $146.5 - $156.5 | $626.2 - $666.6 | | YoY Growth | (8)% - (2)% | 3% - 9% | | **Revenue ($m)** | $5.0 - $5.3 | $20.0 - $21.2 | | YoY Growth | 5% - 13% | 5% - 11% | | **Adjusted EBITDA ($m)** | $(5.1) - $(4.5) | $(21.5) - $(19.8) | [Consolidated Financial Statements](index=7&type=section&id=Consolidated%20Financial%20Statements) [Consolidated Balance Sheets](index=7&type=section&id=Consolidated%20Balance%20Sheets) As of June 30, 2023, Freightos reported total assets of $97.2 million, a significant increase from $41.8 million at year-end 2022, primarily due to a rise in cash, cash equivalents, and short-term investments following its business combination, with total equity also increasing substantially to $77.8 million from $21.7 million Selected Balance Sheet Data (in thousands) | Account | June 30, 2023 (unaudited) | December 31, 2022 (audited) | | :--- | :--- | :--- | | Cash and cash equivalents | $9,294 | $6,492 | | Short-term investments | $31,119 | - | | **Total Assets** | **$97,205** | **$41,806** | | Total Current Liabilities | $13,993 | $17,080 | | **Total Liabilities** | **$19,421** | **$20,146** | | **Total Equity** | **$77,784** | **$21,660** | [Consolidated Statements of Operations](index=8&type=section&id=Consolidated%20Statements%20of%20Operations) For the three months ended June 30, 2023, revenue was $5.1 million, slightly down from $5.2 million in Q2 2022, with a net loss of $5.7 million, an improvement from the prior-year period, while a significant non-cash share listing expense of $46.7 million contributed to a $55.0 million net loss for the six-month period Consolidated Statements of Operations Highlights (in thousands) | Metric | Three Months Ended June 30, 2023 | Three Months Ended June 30, 2022 | | :--- | :--- | :--- | | Revenue | $5,093 | $5,159 | | Gross Profit | $2,918 | $3,074 | | Operating Loss | $(5,906) | $(5,867) | | Loss | $(5,711) | $(5,980) | | Basic and diluted loss per share | $(0.12) | $(1.03) | [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2023, net cash used in operating activities was $18.8 million, net cash used in investing activities was $51.5 million, and net cash provided by financing activities was $73.3 million, primarily from share capital issuance, with the company ending the period with $9.3 million in cash and cash equivalents Cash Flow Summary - Six Months Ended June 30, 2023 (in thousands) | Cash Flow Category | Six Months Ended June 30, 2023 | Six Months Ended June 30, 2022 | | :--- | :--- | :--- | | Net cash used in operating activities | $(18,809) | $(7,003) | | Net cash used in investing activities | $(51,470) | $(4,989) | | Net cash provided by (used in) financing activities | $73,272 | $(281) | | **Increase (decrease) in cash and cash equivalents** | **$2,802** | **$(12,644)** | | **Cash and cash equivalents at end of period** | **$9,294** | **$12,435** | [Reconciliation of IFRS to Non-IFRS Measures](index=11&type=section&id=Reconciliation%20of%20IFRS%20to%20Non-IFRS%20Measures) [Reconciliation of Gross Profit](index=11&type=section&id=Reconciliation%20of%20Gross%20Profit) For Q2 2023, Non-IFRS gross profit was $3.3 million with a margin of 65.0%, consistent with the prior year's margin, achieved by adjusting the IFRS gross profit of $2.9 million for share-based compensation and depreciation & amortization IFRS to Non-IFRS Gross Profit Reconciliation (in thousands) | Metric | Three Months Ended June 30, 2023 | Three Months Ended June 30, 2022 | | :--- | :--- | :--- | | IFRS gross profit | $2,918 | $3,074 | | Share-based compensation | $77 | $31 | | Depreciation & Amortization | $314 | $247 | | **Non-IFRS gross profit** | **$3,309** | **$3,352** | | IFRS gross margin | 57.3% | 59.6% | | Non-IFRS gross margin | 65.0% | 65.0% | [Reconciliation of Operating Loss to Adjusted EBITDA](index=12&type=section&id=Reconciliation%20of%20Operating%20Loss%20to%20Adjusted%20EBITDA) Adjusted EBITDA for Q2 2023 was negative $5.3 million, compared to negative $3.6 million in Q2 2022, with the reconciliation from the IFRS operating loss of $5.9 million primarily adjusting for non-cash items and changes in contingent consideration fair value IFRS Operating Loss to Adjusted EBITDA Reconciliation (in thousands) | Metric | Three Months Ended June 30, 2023 | Three Months Ended June 30, 2022 | | :--- | :--- | :--- | | Operating loss | $(5,906) | $(5,867) | | Share-based compensation | $546 | $374 | | Depreciation & Amortization | $719 | $608 | | Redomicile costs | - | $516 | | Transaction-related costs | - | $812 | | Changes in the fair value of contingent consideration | $(642) | - | | **Adjusted EBITDA** | **$(5,283)** | **$(3,557)** | [Reconciliation of Loss to Non-IFRS Loss and Loss Per Share](index=13&type=section&id=Reconciliation%20of%20Loss%20to%20Non-IFRS%20Loss%20and%20Loss%20Per%20Share) Non-IFRS loss for Q2 2023 was $4.5 million, or ($0.10) per share, compared to a Non-IFRS loss of $3.9 million, or ($0.77) per share, in Q2 2022, calculated by adjusting the IFRS loss for several non-cash or non-recurring items IFRS Loss to Non-IFRS Loss Reconciliation (in thousands) | Metric | Three Months Ended June 30, 2023 | Three Months Ended June 30, 2022 | | :--- | :--- | :--- | | IFRS loss | $(5,711) | $(5,980) | | Share-based compensation | $546 | $374 | | Depreciation & Amortization | $719 | $608 | | Transaction-related costs | - | $812 | | Changes in the fair value of contingent consideration | $(645) | $(256) | | Change in fair value of warrants | $553 | - | | **Non IFRS loss** | **$(4,538)** | **$(3,926)** | | **Non IFRS Basic and diluted loss per share** | **$(0.10)** | **$(0.77)** | [Appendix](index=3&type=section&id=Appendix) [Definitions of Key Metrics](index=5&type=section&id=Definitions%20of%20Key%20Metrics) This section provides definitions for key operational and financial metrics used throughout the report, such as Gross Booking Value (GBV), Transactions, Unique buyer users, Platform Revenue, and Solutions Revenue, to ensure clarity and comparability - Key metrics are defined to provide clarity on performance evaluation. These include: - **GBV:** Total value of transactions on the platform - **Transactions:** Number of bookings for freight services, net of cancellations - **Unique buyer users:** Number of individual users placing bookings - **Platform Revenue:** Fees charged to buyers and sellers for transactions - **Solutions Revenue:** Primarily subscription-based SaaS and data revenue[11](index=11&type=chunk) [Forward-Looking Statements & Disclaimers](index=3&type=section&id=Forward-Looking%20Statements%20%26%20Disclaimers) This section contains standard "safe harbor" statements, warning that forward-looking statements are subject to numerous risks and uncertainties, and clarifies that the press release includes non-IFRS financial measures and does not constitute a full interim financial report under IFRS standards - The report includes "forward-looking statements" which are subject to risks and uncertainties and are not guarantees of future performance[7](index=7&type=chunk) - The press release uses non-IFRS financial measures such as Adjusted EBITDA and constant currency revenue, which are provided for supplemental informational purposes[9](index=9&type=chunk)[10](index=10&type=chunk) - It is clarified that the financial figures in the press release do not constitute a full interim financial report as defined by International Accounting Standards[8](index=8&type=chunk)

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]

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 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 ...