Freightos (NASDAQ:CRGO) Announces Earnings Results

Freightos (NASDAQ:CRGO) announced its earnings results on Tuesday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.04), Zacks reports. Freightos had a negative return on equity of 37.28% and a negative net margin of 59.46%.The firm had revenue of $7.16 million during the quarter, compared to the consensus estimate of $7.45 million.

Here are the key takeaways from Freightos’ conference call:

• Q1 fell short of expectations as Freightos said softer-than-expected solution sales and lower transaction activity hurt results, largely tied to volatility and disruptions in Middle East trade corridors.
• Commercial momentum is improving, with the solutions pipeline described as roughly double last year’s level and customer demand growing for benchmarking, forecasting, and procurement intelligence tools.
• The company said its carrier network reached a record 79 active carriers, and it recently added another major carrier expected to strengthen its position in APAC.
• Transaction growth lagged targets: Freightos processed 425,000 transactions, up 15% year over year but below its 20%+ goal, and management said the Q1 shortfall will not be fully recovered this year.
• Freightos is tightening execution and cutting costs, including a plan expected to deliver about $4.5 million in annualized savings beginning in Q4 2026, while still targeting adjusted EBITDA breakeven by the end of 2026.

Freightos Price Performance

Shares of Freightos stock opened at $2.09 on Wednesday. Freightos has a one year low of $1.17 and a one year high of $4.24. The stock’s fifty day moving average is $1.86 and its 200 day moving average is $2.24. The stock has a market cap of $107.38 million, a P/E ratio of -5.97 and a beta of 0.28. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.16 and a current ratio of 2.16.

Hedge Funds Weigh In On Freightos

A number of institutional investors have recently bought and sold shares of the stock. Hudson Bay Capital Management LP bought a new stake in Freightos during the fourth quarter valued at about $32,000. OMERS ADMINISTRATION Corp bought a new stake in Freightos during the fourth quarter valued at about $52,000. Barclays PLC bought a new stake in Freightos during the fourth quarter valued at about $55,000. Balyasny Asset Management L.P. bought a new stake in Freightos during the fourth quarter valued at about $57,000. Finally, Goldman Sachs Group Inc. bought a new stake in Freightos during the first quarter valued at about $73,000. 22.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on CRGO. Craig Hallum reiterated a “buy” rating and set a $3.00 target price on shares of Freightos in a research note on Tuesday, February 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Freightos in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Freightos has a consensus rating of “Hold” and an average price target of $3.00.

About Freightos

Freightos, trading under the symbol CRGO on Nasdaq, operates a digital booking platform designed to streamline international freight logistics. The company’s core offering, the Freightos Marketplace, allows shippers and freight forwarders to compare and book air, ocean and trucking services online, providing rate transparency and live booking capabilities. By aggregating quotes from a global network of carriers and forwarders, Freightos enables customers to secure competitive prices and manage bookings through a single interface.

In addition to its marketplace, Freightos offers a suite of SaaS solutions for logistics professionals.