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CRGO / 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 growth in the number of transactions but has not been able to translate it into higher revenues. CRGO faces challenges in commercializing its services profitably, with stagnant revenues, worsening adjusted EBITDA, and a cash burn that could lead to running out of cash by 2024. Read More

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CRGO

Posted: Aug 29 2023, 08:24

Author Name: Seeking Alpha

CRGO News

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

By FreightWaves
July 11, 2023

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

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

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

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

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