Date | Price Target | Rating | Analyst |
---|---|---|---|
9/6/2023 | $5.00 | Outperform | Oppenheimer |
Oppenheimer initiated coverage of Freightos Limited with a rating of Outperform and set a new price target of $5.00
6-K - Freightos Ltd (0001927719) (Filer)
6-K - Freightos Ltd (0001927719) (Filer)
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6-K - Freightos Ltd (0001927719) (Filer)
6-K - Freightos Ltd (0001927719) (Filer)
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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 more than 100 million pounds of cargo a year. The airline offers shipping for a diverse range of products, from construction materials and military goods to perishables and aircraft parts.
New records for transactions, GBV, revenue and Adjusted EBITDA, all exceeding management expectationsAcquisition of Shipsta expands company's platform for importers/exporters while accelerating revenue growth and supporting reaching breakeven with cash on handBARCELONA, 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, 2024, which report followed the announcement of the acquisition of Shipsta. "Our robust second quarter performance underscores the growing strength and adoption of our platform in the inte
Strategic acquisition broadens Freightos' digital freight-booking vision by pairing Freightos' spot offering with Shipsta's best-of-breed tender management platform. Deal accelerates revenue growth and reaching breakeven with cash on hand. BARCELONA, Spain, Aug. 19, 2024 /PRNewswire/ -- Freightos (NASDAQ:CRGO) today announced the acquisition of Shipsta, a leading freight-tender procurement platform used by dozens of Global 1000 enterprises to procure freight at scale from leading freight forwarders and carriers. This transaction expands Freightos' existing industry-leading spot pricing, quoting, and booking capabilities by adding tender procurement, thereby advancing Freightos' vision of com
The Company Plans To Report Earnings on August 19, 2024 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. Actuals* Management's Expectations Q2 2024 Q2 2024 # Transactions ('000) 316.5 303.0 - 309.0 Year over-Year Growth 32 % 27% - 29% GBV ($m) 203.4 178.0 - 182.0 Year over-Year Growth 31 % 15% - 18% *Numbers are preliminary and subject to change with the full earnings release In Q2 2024, Freightos continued to progress toward its long-term growth objectives. The company facilitated 316.5 tho
New Partnership Expands Interlining and Digital Air Capacity Access to Africa, the Gulf and Caspian Regions 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. Since its founding in 1994, Coyne Airways has been at the forefront of air cargo logistics, transporting approximately 300,000 tons of
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 directly with WebCargo Pay, an integrated payment solution that enables more seamless payments and reconciliations. In its initial phase, this collaboration will leverage Thai Airways' ex
Record Transactions, GBV, Revenue and Adjusted EBITDA, exceeding management expectationsCash and equivalents balance of $50 million ensures sufficient resources to capture the massive market opportunityJERUSALEM, 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 international freight, bringing efficiency and transparency to this crucia
BARCELONA, Spain, May 16, 2024 /PRNewswire/ -- Freightos (NASDAQ:CRGO), the vendor-neutral booking and payment platform for the international freight industry, is pleased to expand the collaboration between WebCargo by Freightos and United Cargo (NASDAQ:UAL). In an industry which is still mostly offline, WebCargo is proud to be a key technology partner developing United Cargo's state-of-the-art self-service online cargo portal and is proud to further expand this collaboration. Recently, United Cargo has furthered its relationship with WebCargo by joining WebCargo's digital cargo booking platform. By offering services on the WebCargo platform, United Cargo is now positioned to provide its cu
BARCELONA, Spain, May 2, 2024 /PRNewswire/ -- WebCargo by Freightos (NASDAQ:CRGO), a leading vendor-neutral booking and payment platform for the international freight industry, is excited to announce that Singapore Airlines' cargo capacity is now being offered on WebCargo's platform. This relationship with Singapore Airlines underscores WebCargo's position as the leading digital platform for the air freight industry, offering its users an end-to-end booking experience while expanding its reach in the Asia-Pacific region. Digital bookings for shipments from Asia origins on WebCargo more than doubled between Q4 2022 and Q4 2023, showing strong appetite for digitalization in Asia, a trend that
The Company Plans To Report Earnings on May 20, 2024 JERUSALEM, April 15, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ:CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported preliminary first quarter 2024 Key Performance Indicators. Actuals* Management's Expectations Q1 2024 Q1 2024 # Transactions ('000) 295.6 280.5 - 288.0 Year over-Year Growth 29 % 22% - 26% GBV ($m) 192.4 168.0 - 172.5 Year over-Year Growth 14 % 0% - 2% *Numbers are preliminary and subject to change with the full earnings release In Q1 2024, Freightos continued to achieve operating milestones consistent with its long-term growth objectives. The platform fac
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. Actuals* Management's Expectations Q2 2024 Q2 2024 # Transactions ('000) 316.5 303.0 - 309.0 Year over-Year Growth 32 % 27% - 29% GBV ($m) 203.4 178.0 - 182.0 Year over-Year Growth 31 % 15% - 18% *Numbers are preliminary and
Chardan Capital analyst Brian Dobson maintains Freightos (NASDAQ:CRGO) with a Buy and lowers the price target from $8 to $6.
Freightos (NASDAQ:CRGO) reported quarterly losses of $(0.06) per share which beat the analyst consensus estimate of $(0.12) by 50 percent. This is a 64.71 percent increase over losses of $(0.17) per share from the same period last year. The company reported quarterly sales of $5.355 million which beat the analyst consensus estimate of $5.282 million by 1.38 percent. This is a 11.03 percent increase over sales of $4.823 million the same period last year.
Gainers Advent Technologies Hldgs (NASDAQ:ADN) shares moved upwards by 51.1% to $0.34 during Monday's after-market session. The company's market cap stands at $24.6 million. Trex Co (NYSE:TREX) stock increased by 7.52% to $102.0. The company's market cap stands at $11.0 billion. The company's, Q4 earnings came out today. Primoris Services (NYSE:PRIM) stock rose 5.47% to $42.76. The market value of their outstanding shares is at $2.2 billion. As per the press release, Q4 earnings came out today. Freightos (NASDAQ:CRGO) stock rose 5.0% to $2.94. The company's market cap stands at $140.0 million. As per the press release, Q4 earnings came out today. iSun (NASDAQ:ISUN) shares moved upwards
Freightos (NASDAQ:CRGO) reported quarterly losses of $(0.06) per share which beat the analyst consensus estimate of $(0.12) by 50 percent. This is a 92.94 percent increase over losses of $(0.85) per share from the same period last year. The company reported quarterly sales of $5.26 million which beat the analyst consensus estimate of $5.22 million by 0.81 percent. This is a 8.43 percent increase over sales of $4.85 million the same period last year.
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New records for transactions, GBV, revenue and Adjusted EBITDA, all exceeding management expectationsAcquisition of Shipsta expands company's platform for importers/exporters while accelerating revenue growth and supporting reaching breakeven with cash on handBARCELONA, Spain, Aug. 19, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ:CRGO), a leading vendor-neutral digital booking and payment platform for the international freight industry, today reported financial results for the quarter ended June 30, 2024, which report followed the announcement of the acquisition of Shipsta. "Our robust second quarter performance underscores the growing strength and adoption of our platform in the inte
Strategic acquisition broadens Freightos' digital freight-booking vision by pairing Freightos' spot offering with Shipsta's best-of-breed tender management platform. Deal accelerates revenue growth and reaching breakeven with cash on hand. BARCELONA, Spain, Aug. 19, 2024 /PRNewswire/ -- Freightos (NASDAQ:CRGO) today announced the acquisition of Shipsta, a leading freight-tender procurement platform used by dozens of Global 1000 enterprises to procure freight at scale from leading freight forwarders and carriers. This transaction expands Freightos' existing industry-leading spot pricing, quoting, and booking capabilities by adding tender procurement, thereby advancing Freightos' vision of com
The Company Plans To Report Earnings on August 19, 2024 BARCELONA, Spain, July 15, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ:CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported preliminary second quarter 2024 Key Performance Indicators. Actuals* Management's Expectations Q2 2024 Q2 2024 # Transactions ('000) 316.5 303.0 - 309.0 Year over-Year Growth 32 % 27% - 29% GBV ($m) 203.4 178.0 - 182.0 Year over-Year Growth 31 % 15% - 18% *Numbers are preliminary and subject to change with the full earnings release In Q2 2024, Freightos continued to progress toward its long-term growth objectives. The company facilitated 316.5 tho
Record Transactions, GBV, Revenue and Adjusted EBITDA, exceeding management expectationsCash and equivalents balance of $50 million ensures sufficient resources to capture the massive market opportunityJERUSALEM, May 20, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ:CRGO), a leading vendor-neutral digital booking and payment platform for the international freight industry, today reported financial results for the quarter ended March 31, 2024. "We are pleased with the strong first quarter of the year, which highlights the robustness and growing acceptance of our platform, and the strides we are making in digitalizing international freight, bringing efficiency and transparency to this crucia
The Company Plans To Report Earnings on May 20, 2024 JERUSALEM, April 15, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ:CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported preliminary first quarter 2024 Key Performance Indicators. Actuals* Management's Expectations Q1 2024 Q1 2024 # Transactions ('000) 295.6 280.5 - 288.0 Year over-Year Growth 29 % 22% - 26% GBV ($m) 192.4 168.0 - 172.5 Year over-Year Growth 14 % 0% - 2% *Numbers are preliminary and subject to change with the full earnings release In Q1 2024, Freightos continued to achieve operating milestones consistent with its long-term growth objectives. The platform fac
Full-year #Transactions growth of 53% showcases robust marketplace expansionYear-end cash balance of $52 million secures foundation for future growth and innovationExceeded or met expectations across all key performance indicators for the quarter and the yearJERUSALEM, Feb. 26, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ:CRGO), a leading vendor-neutral digital booking and payment platform for the international freight industry, today reported financial results for the quarter and year ended December 31, 2023. "As we reflect on our first year as a public company - a year marked by significant challenges for the freight industry - Freightos not only demonstrated remarkable resilience, but
JERUSALEM, Jan. 16, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ:CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported preliminary Q4 2023 Key Performance Indicators. Actuals* Management's Expectations Actuals* Management's Expectations Q4 2023 Q4 2023 FY 2023 FY 2023 # Transactions ('000) 286.9 273.0 - 287.0 1,024.7 1,010.5 - 1,021.5 Year over Year Growth 36 % 53 % GBV ($m) 187.5 163.5 - 175.0 671.7 647.5 - 659.0 Year over Year Growth 10 % 10 % *Numbers are preliminary and subject to change with the full earnings release The fourth quarter of 2023 was another quarter of strong performance by Freightos. With 286.9 thous
Sustained growth in Transactions and in number of Buyer Users reflects continued marketplace growth dynamic Operational efficiency plan yields better than expected results enhancing the Company's financial standingJERUSALEM, Nov. 21, 2023 /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 September 30, 2023. "We are pleased with our third quarter results, marking the 15th straight quarter of robust growth in the number of transactions. This is a clear indicator of how strongly our value proposition is resonating, despite the current ind
Freightos Platform continues 14 quarter streak of record Transactions.Company remains on track to reach profitability with existing cash.JERUSALEM, Aug. 21, 2023 /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. "The Freightos Platform facilitated record Transaction numbers, and earned slightly increased Platform Revenue during the second quarter of 2023, with our growth successfully overcoming depressed international freight rates and reduced industry volumes," said Zvi Schreiber, founder and CEO of Freightos. "Growth and
JERUSALEM, July 24, 2023 /PRNewswire/ -- Freightos Limited (NASDAQ:CRGO), a leading, vendor-neutral booking and payment platform for the international freight industry, today reported Q2 2023 Key Performance Indicators. Actuals Management's Expectations 2Q 2023 2Q 2023 # Transactions ('000) 239.4 239.5 - 244.5 Year over Year Growth 59 % GBV ($m) $ 154.8 $ 159.1 - $ 162.4 Year over Year Growth 0 % A record 239 thousand transactions were booked on the platform in Q2 2023, up 59% from Q2 2022, continuing Freightos' streak of record transactions. This strong growth, against the backdrop of an ongoing freight market downturn, demonstrates the momentum of Freightos' mission to digitalize int