Freight Technologies, Inc (FRGT) has released an update.
Freight Technologies, Inc. (Fr8Tech) has reported a robust 30% increase in year-over-year revenue for Q1 2024, with its Fr8Fleet division experiencing a notable 278% surge in shipment volumes. Despite Q1 typically being a slower period, the company has also seen a 25% sequential growth from Q4 2023. Positioned to capitalize on the growing demand for domestic and cross-border freight services, Fr8Tech is optimistic about the current fiscal year, forecasting revenues between $25M and $30M.
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