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CRGO / Freightos' cash burn continues despite more user activity

Freightos' cash burn continues despite more user activity
Freightos, a digital marketplace for air and ocean freight, reported adjusted losses before accounting measures increased 83% to $5.8 million in the first quarter due to ongoing investments in R&D and customer acquisition, despite transaction levels doubling. The results suggest that transactional fees are still too thin to overcome ongoing startup costs. Read More
Posted: May 24 2023, 16:54
Author Name: FreightWaves
Views: 102125

CRGO News  

Freightos Fails To Generate Value From Growth

By Seeking Alpha
August 29, 2023

Freightos Fails To Generate Value From Growth

Freightos operates a booking and payment platform for freight, aiming to make shipments faster, cost-effective, and reliable. The company has seen gro more_horizontal

Freightos laying off 13% of employees as revenue weakens

By FreightWaves
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Freightos laying off 13% of employees as revenue weakens

Freightos, a digital marketplace for international air and ocean shipping, announced Tuesday that it will reduce staff levels by 13% and lowered its f more_horizontal

Freightos' cash burn continues despite more user activity

By FreightWaves
May 24, 2023

Freightos' cash burn continues despite more user activity

Freightos, a digital marketplace for air and ocean freight, reported adjusted losses before accounting measures increased 83% to $5.8 million in the f more_horizontal

Freightos: A Digital Cargo Revolution But Where Is The Value?

By Seeking Alpha
April 10, 2023

Freightos: A Digital Cargo Revolution But Where Is The Value?

Freightos Limited aims to monetize on the freight market by offering digitization for air and sea shipping. Company raises $80 million in January and more_horizontal

Freightos to Announce 2022 Financial Results on Monday, March 13, 2023

By PRNewsWire
March 6, 2023

Freightos to Announce 2022 Financial Results on Monday, March 13, 2023

JERUSALEM , March 6, 2023 /PRNewswire/ -- Freightos (Nasdaq: CRGO), a leading, vendor-neutral booking and payment platform for the vast international more_horizontal


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