Freight Technologies Announces Third Quarter 2025 Results

Core Insights - Freight Technologies, Inc. is advancing its transition towards a software- and AI-driven logistics model, enhancing automation and real-time intelligence across its solutions [2][5] - The company has improved its operating performance despite challenges such as elevated tariffs and cross-border uncertainties, focusing on product innovation and execution [2][5] - For the full year 2025, the company expects revenue between $12 million and $14 million, with an operating loss projected between $5.5 million and $6.5 million [5] Business Highlights - The AI Lab developed autonomous voice-agent capabilities for the Zayren platform, improving automation and accuracy [2] - Fleet Rocket's adoption is expanding, with more customers integrating the platform into their operations [2] - The company has established new tracking integrations to enhance real-time geolocation data for shippers and carriers across North America [7] Financial Highlights - In Q3 2025, the operating loss improved year-over-year by $0.4 million, from $1.7 million in Q3 2024 to $1.3 million in Q3 2025, driven by a higher-margin brokerage business and lower operating expenses [7] - Year-to-date operating loss improved by $1.2 million from $5.5 million in YTD 2024 to $4.3 million in YTD 2025 [7] - Revenue for Q3 2025 was $2.46 million, compared to $1.89 million in Q3 2024, while total costs and expenses increased from $3.59 million in Q3 2024 to $3.79 million in Q3 2025 [12] Cash Flow and Balance Sheet - As of September 30, 2025, the company reported cash and cash equivalents of $291,940, an increase from $204,032 at the end of 2024 [15] - Total assets increased to $12.20 million from $5.69 million at the end of 2024, reflecting improved working capital and capital structure management [15][16] - The company has strengthened its equity position and increased cash balances while lowering interest expenses [7]