Freight Technologies, Inc. Reports Financial Results for Fiscal Year 2023
Freight Technologies, Inc. - Ordinary Shares (FRGT)
Company Research
Source: GlobeNewswire
HOUSTON, May 09, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT, “Fr8Tech” or the “Company”), a technology company offering its custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning that offers a real-time portal for B2B cross-border and domestic shipping within the USMCA region, today announces its financial results for the full year 2023, which concluded on Dec. 31, 2023. Fr8Tech recorded annual revenue for fiscal 2023 of $17.1 million vs. annual revenue of $25.9 million in 2022, a year-over-year decline of 34%. Despite the year-over-year decline in total revenue, the Company was able to increase its cash flow from operations by $2.7 million by improving its working capital requirements and limiting operating expenses. The Company was also able to grow its Fr8Fleet dedicated services by 48% to $3.6 million for the year. The service line secures dedicated carrier capacity for large enterprise companies and it h
Show less
Read more
Impact Snapshot
Event Time:
FRGT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FRGT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FRGT alerts
High impacting Freight Technologies, Inc. - Ordinary Shares news events
Weekly update
A roundup of the hottest topics
FRGT
News
- Freight Technologies Full Year 2023 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Freight Technologies, Inc. Reports Financial Results for Fiscal Year 2023 [Yahoo! Finance]Yahoo! Finance
- Freight Technologies, Inc. Reports 30% Year-over-Year Revenue Growth and Strong Fr8Fleet Volumes for Q1 2024 [Yahoo! Finance]Yahoo! Finance
- Freight Technologies, Inc. Reports 30% Year-over-Year Revenue Growth and Strong Fr8Fleet Volumes for Q1 2024GlobeNewswire
- Fr8App Selected by Grupo Solave for Cross-Border Logistics Services [Yahoo! Finance]Yahoo! Finance
FRGT
Sec Filings
- 5/9/24 - Form 20-F
- 4/29/24 - Form NT
- 4/22/24 - Form 6-K
- FRGT's page on the SEC website