Freightos Achieves Record Revenue Growth in First Quarter 2024 with Strong Earnings Call Results

Freightos, a leading digital booking and payment platform for international freight, reported financial results for the quarter ending March 31, 2024. CEO Zvi Schreiber highlighted the platform's success in digitalizing freight services. The company exceeded expectations in revenue, transactions, and profitability. First Quarter 2024 Financial Highlights included an 11% increase in revenue to $5.4 million and an IFRS Gross Margin of 62.6%. Adjusted EBITDA for the quarter was negative $3.6 million. Recent Business Highlights showcased record transactions, gross booking value growth, and revenue growth. Looking ahead, the company remains focused on growth in air and ocean freight markets. The financial outlook for Q2 2024 and FY 2024 shows expectations for transactions, GBV, revenue, and adjusted EBITDn earnings webcast hosted by Freightos' management discussed the results and future prospects. Forward-Looking Statements in the press release provide insight into the company's outlook and potential risks. Freightos continues to innovate and drive growth in the freight industry.