. . . 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]

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 ...

Core Insights - WebCargo by Freightos has announced a new partnership with Coyne Airways, enhancing its service offerings in Africa, the Gulf, and the Caspian regions [1][5] - The collaboration aims to provide forwarders and airline partners with real-time rates, booking, interline, and payment solutions, thereby improving logistics operations [2][5] Company Overview - WebCargo by Freightos is a leading digital booking and payment platform for the international freight industry, facilitating thousands of air cargo eBookings daily [6] - Coyne Airways, founded in 1994, has transported approximately 300,000 tons of air cargo and focuses on regions with limited global coverage, including the Caucasus and Afghanistan [5] Partnership Details - The partnership allows Coyne Airways to offer its air cargo capacity to a broader audience, including the ability to book dangerous goods through WebCargo's platform [2][5] - This collaboration reflects both companies' commitment to innovation and enhancing customer experience in logistics [2][5] Market Impact - WebCargo's platform is utilized by over ten thousand freight forwarder offices, including the top twenty global forwarders, representing roughly two-thirds of global air cargo capacity [6] - The integration of Coyne Airways into WebCargo's system is expected to streamline logistics and expand access for forwarders globally [5][6]