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Freight Technologies
(NASDAQ:FRGT)
Freight Technologies (FRGT) vs. SPDR S&P 500 ETF (SPY)
Freight Technologies Business Overview & Revenue Model
Freight Technologies Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 9.05M | 13.73M | 17.06M | 25.89M | 21.47M | 9.21M | Gross Profit |
| 4.00M | 1.34M | -5.02M | 2.26M | 1.92M | 794.37K | EBIT |
| -1.93M | -6.49M | -8.26M | -7.06M | -4.81M | -4.71M | EBITDA |
| -177.15K | -4.43M | -8.01M | -6.95M | -4.79M | -4.70M | Net Income Common Stockholders |
| 6.84K | -5.60M | -9.33M | -8.19M | -8.20M | -5.85M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 416.48K | 204.03K | 1.56M | 1.01M | 3.15M | 2.77M | Total Assets |
| 13.42M | 5.69M | 10.68M | 10.42M | 9.29M | 6.60M | Total Debt |
| 3.81M | 3.34M | 3.06M | 3.35M | 10.04M | 5.20M | Net Debt |
| 3.40M | 3.14M | 1.50M | 2.33M | 6.88M | 2.44M | Total Liabilities |
| 7.26M | 6.35M | 8.05M | 7.28M | 18.26M | 7.75M | Stockholders Equity |
| 6.16M | -654.76K | 2.63M | 3.13M | -8.97M | -1.15M |
| Cash Flow | Free Cash Flow | ||||
| -2.87M | -4.22M | -6.15M | -8.85M | -6.40M | -3.64M | Operating Cash Flow |
| -2.78M | -4.21M | -5.79M | -8.47M | -5.93M | -3.41M | Investing Cash Flow |
| -241.10K | -345.72K | -363.37K | -380.58K | -470.40K | -227.65K | Financing Cash Flow |
| 3.74M | 4.24M | 6.80M | 6.57M | 6.83M | 6.09M |
Freight Technologies Technical Analysis
Freight Technologies Risk Analysis
Freight Technologies Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $11.92B | 10.48 | -7.50% | 2.95% | 7.40% | -8.18% | |
59 Neutral | $2.93B | ― | -0.82% | 2.94% | -26.04% | 85.84% | |
52 Neutral | $56.74M | ― | -170.91% | ― | -70.08% | -330.51% | |
41 Neutral | $5.28M | ― | -568.01% | ― | -19.53% | 92.37% | |
25 Underperform | $17.02M | ― | 67.54% | ― | 106.67% | 16.74% |
Freight Technologies Corporate Events
On May 27, 2025, Freight Technologies, Inc. announced the closing of a Notes Exchange Transaction, where an accredited investor exchanged senior convertible notes for Series A4 preferred shares. This transaction, under a $20 million facility, allows the conversion of $1.5 million of notes into 387,305 preferred shares, which can be further converted into ordinary shares. The exchange is contingent upon stockholder approval for issuing shares exceeding 19.9% of outstanding ordinary shares, aligning with Nasdaq regulations. This strategic move is expected to enhance the company’s financial flexibility and market positioning.
On May 22, 2025, Freight Technologies announced a board-approved 1-for-4 reverse share split of its ordinary shares, which will begin trading on a split-adjusted basis on May 27, 2025. This move will reduce the number of outstanding shares from 9,145,074 to 2,286,269, while maintaining the Nasdaq listing under a new CUSIP number. The reverse split aims to consolidate shares without affecting the total authorized shares, potentially impacting shareholder value and market perception.
On May 20, 2025, Freight Technologies announced its first-quarter results for 2025, highlighting significant improvements in gross margins and cash flow, despite a challenging macroeconomic environment. The company launched Fleet Rocket, a new Transportation Management System, and introduced advanced features to its platforms, including an AI-powered Tendering Bot. Collaborations with the University of Monterrey and the Fetch Foundation were initiated to further AI development. Financially, the company reported a 7% increase in gross margin and a reduced net loss compared to the previous year. However, due to anticipated economic impacts from higher tariffs on US-Mexico trade, Fr8Tech adjusted its revenue and margin outlook for 2025.
On May 12, 2025, Freight Technologies announced the issuance of a second tranche of $1 million convertible notes for purchasing Official Trump tokens, increasing its total investment in these digital assets to $2 million. This move reflects Fr8Tech’s confidence in blockchain-based digital assets and aligns with its advocacy for fair and free trade across the US-Mexico border. The company sees this investment as a strategic opportunity to support cross-border commerce, which totaled $840 billion last year, and address challenges such as the flow of narcotics while maintaining legitimate trade.
Freight Technologies, Inc. announced the completion of a Securities Purchase Agreement with accredited investors on April 29, 2025, involving the sale of senior convertible notes and incremental warrants for a total purchase price of $20 million. On May 2, 2025, the company issued notes and warrants, raising $1 million, with a maturity date set for May 2, 2027. The company also secured a security interest in its assets for the note holders and clarified that the securities were offered in a transaction exempt from registration under the Securities Act.
On April 29, 2025, Freight Technologies, Inc. entered into a Securities Purchase Agreement with accredited investors to raise approximately $20 million through the sale of senior convertible notes and warrants. The capital is earmarked for purchasing Official Trump Tokens (TRUMP) as part of the company’s strategy to diversify its digital asset treasury, following a recent acquisition of FET tokens. This move positions Fr8Tech as one of the first public companies to integrate $TRUMP into its digital asset strategy, reflecting its commitment to promoting commerce between the United States and Mexico. The company also announced the appointment of Leilei Nie and Andres Gonzalez to its board of directors, with Gonzalez serving as Chairman of the Nominating Committee.
Freight Technologies announced its 2024 results, highlighting a transformative year with improvements in gross margins and cash flow from operations. The company launched Waavely, an ocean freight booking platform, in July 2024 and introduced Fleet Rocket, a Transportation Management System, in February 2025. Fr8Tech also saw a 42% revenue growth in its Fr8Fleet service and received positive customer feedback. Financially, the company improved its gross margin to 9.8% and reduced its net loss by $3.7 million compared to 2023. These advancements position Fr8Tech as a comprehensive digital freight-logistics technology company, focusing on expanding its innovative solutions and navigating the macroeconomic trade environment.
On March 31, 2025, Freight Technologies, Inc. entered into a Securities Purchase Agreement with Fetch Compute, Inc. to acquire $5.2 million worth of FET Tokens in exchange for 2,311,248 Series A4 preferred shares. This acquisition allows Fr8Tech to participate in Fetch.ai’s decentralized AI ecosystem, enhancing its competitive advantage in the logistics industry. The agreement also includes plans for a development partnership to advance blockchain and AI technologies in logistics, aiming to provide real-time visibility and supply chain transparency. This move diversifies Fr8Tech’s assets and strengthens its balance sheet, aligning with its commitment to logistics innovation.