Freightos reports Q1 EPS (10c), consensus (12c)

Reports Q1 revenue $5.4M, consensus $5.28M. “We are pleased with the strong first quarter of the year, which highlights the robustness and growing acceptance of our platform, and the strides we are making in digitalizing international freight, bringing efficiency and transparency to this crucial sector,” said CEO Zvi Schreiber. “We pursued several initiatives to increase not only the number but also the value of the transactions, including investing in Asia, and an emphasis on high value shipments such as pharma. Looking ahead, we remain focused on the opportunities in the massive air and ocean freight markets, driving continued growth and innovation in the quarters to come.” “Q1 results exceeded our expectations in every metric: the number of transactions, Gross Booking Value, revenue, and profitability,” said Ran Shalev, CFO. “We remain on track to achieve our 2024 guidance, as well as our long-term goals for growth, profitability, and cash generation.”