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Freightos Limited (CRGO)
NASDAQ:CRGO
Earnings Data
Report Date
May 27, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.1Last Year’s EPS
-0.1Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: -44.58%
|Next Earnings Date:May 27, 2025
Earnings Call Sentiment|Positive
Freightos demonstrated strong performance in Q4 2024 with significant revenue growth, record transactions, and successful onboarding of new carriers. The company is advancing in AI-driven solutions and improving gross margins. However, challenges remain with negative adjusted EBITDA and potential impacts from tariff changes and seasonal weaknesses.Company Guidance
During the Freightos Q4 2024 Earnings Conference Call, the company reported strong financial performance with a 25% year-over-year revenue growth, reaching $6.6 million for the quarter. The company facilitated over 350,000 transactions, marking a 22% increase from the previous year and adding twelve new carriers to their platform, bringing the total to 67. Gross margins improved significantly, with IFRS gross margin at 68% and non-IFRS gross margin at 74%. For Q1 2025, Freightos provided guidance expecting transactions between 362,000 and 370,000, GBV between $272 million and $280 million, and revenue between $6.7 million and $6.8 million. The full-year 2025 revenue is anticipated to be between $29 million and $30.6 million. The company also projected Q1 adjusted EBITDA between negative $3 million and negative $3.2 million, with an aim for breakeven by the end of 2026. Freightos continues to focus on expanding its platform and solutions, leveraging AI for dynamic pricing, and navigating potential impacts from tariffs and market conditions.Strong Revenue Growth
Freightos reported a 25% year-over-year increase in revenue for Q4 2024, reaching $6.6 million. This is the highest quarterly growth rate since going public.
Record Transactions and Onboarding
Freightos facilitated over 350,000 transactions, a 22% increase from the previous year, and added twelve new carriers, marking the strongest onboarding of new carriers in its history.
SaaS Revenue Milestone
The SaaS solution subsegment generated its highest quarterly revenue ever in Q4 2024, supported by the recently acquired Shipster business.
AI-Driven Solutions Success
The newly launched AI-powered airline dynamic pricing tool, Skyway, showed a 70% revenue increase during a test, demonstrating promise in the market.
Improved Gross Margins
IFRS gross margin improved to 68% from 62% in Q4 2023, and non-IFRS gross margin rose to 74% from 70% last year, indicating ongoing cost efficiencies.
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CRGO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CRGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $4.06 | $3.77 | -7.14% |
| Nov 25, 2024 | $2.37 | $2.10 | -11.39% |
| Aug 19, 2024 | $1.64 | $1.65 | +0.61% |
| May 20, 2024 | $2.33 | $2.38 | +2.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Freightos Limited (CRGO) report earnings?
Freightos Limited (CRGO) is schdueled to report earning on May 27, 2025, TBA Not Confirmed.
What is Freightos Limited (CRGO) earnings time?
Freightos Limited (CRGO) earnings time is at May 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRGO EPS forecast?
CRGO EPS forecast for the fiscal quarter 2025 (Q1) is -0.1.
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