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Freightos Ltd (OQ:CRGO)

Business Focus: Freight Logistics

Sector:  Industrials Industry:  Air Freight & Logistics
 
Company Contact
Address: Technology Park Building 2
1 Derech Agudat Sport, HaPo'el
JERUSALEM FL 9695102
Tel: N/A
Website: https://www.freightos.com
IR: See website
Key People
Zvi Schreiber
Chairman of the Board, Chief Executive Officer
Ran Shalev
Chief Financial Officer
Manuel Galindo Medrano
Chief Executive Officer - WebCargo
Eytan Buchman
Chief Marketing Officer
Michael Oberlander
General Counsel
Ruth Amaru
Chief Product Officer
Ian Arroyo
Chief Commercial Officer
   
Business Overview
Freightos Limited provides a vendor-neutral booking and payment platform. The Company connects thousands of carriers, freight forwarders, and importers and exporters around the world for air, ocean and trucking freight pricing, booking and shipment management. It provides a range of solutions, including WebCargo's booking platform, tools and data solutions for carriers and forwarders, Freightos.com's digital freight booking and management platform for importers and exporters, its data solutions or Clearit, its digital customs broker. It also operates Freightos Terminal, a freight market intelligence solution that offers data on real-time pricing, transit times, the Freightos Air Index (FAX) and Freightos Baltic Index, and a news feed. It has over 1,800 freight forwarders across 90 countries that use WebCargo by Freightos for eBookings, instant quoting, digital freight negotiation, sales portals, rate management software, air cargo rate search across more than 370 airlines, and more.
Financial Overview
For the fiscal year ended 31 December 2023, Freightos Ltd revenues increased 6% to $20.3M. Net loss increased from $24.7M to $65.5M. Revenues reflect Solutions segment increase of 6% to $13.2M, Platform segment increase of 6% to $7.1M, Europe segment increase of 12% to $5.2M, United States segment increase of 6% to $8.9M. Higher net loss reflects Labor & Related Expenses in SGA increase of 46% to $7.6M (expense).