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Freightos Limited (CRGO)
NASDAQ:CRGO
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Earnings Data
Report Date
Mar 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.09Last Year’s EPS
-$0.07Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 25, 2024
|% Change Since: 20.36%
|Next Earnings Date:Mar 17, 2025
Earnings Call Sentiment|Positive
The call highlighted strong growth in transaction volumes and gross booking value, along with successful platform expansions and integrations. Despite concerns over a CFO transition and IT delays with major carriers, the company's overall performance and financial health appeared strong, with optimistic guidance for the future.Company Guidance
During the Freightos Q3 2024 earnings call, several key metrics and guidance for Q4 were discussed. The company reported a 21% year-over-year revenue increase to $6.2 million for Q3, driven by a 26% growth in transactions, reaching 339,000, and a 35% growth in gross booking value (GBV) to $217.5 million. Freightos also highlighted an improvement in non-IFRS gross margins to 72.7%, up from 69.5% the previous year. For Q4, the company provided an updated guidance with transactions expected between 338,500 and 348,500, reflecting an 18% to 21% increase. The GBV guidance was increased to a range of $257 million to $265 million, marking a 37% to 41% year-over-year growth, while revenue is anticipated to be between $6.4 million and $6.5 million, corresponding to a 21% to 24% increase. Adjusted EBITDA guidance for Q4 was improved to a range of negative $3.2 million to negative $3.1 million, despite the full-quarter consolidation of Shipta and additional staffing to support anticipated growth in 2025. The call also addressed ongoing strategic integrations, such as with E2open, to enhance the platform's value and interoperability within the supply chain management ecosystem.Record Transaction Volumes
Achieved 339,000 transactions, a 26% increase compared to the same period last year, marking at least the 19th consecutive quarter of record transactions.
Gross Booking Value Growth
Gross booking value grew 35% year-over-year, reaching $217.5 million for the quarter.
Revenue Growth and Financial Performance
Revenue for Q3 '24 was $6.2 million, reflecting a 21% year-over-year increase. Adjusted EBITDA improved to negative $2.8 million, outperforming guidance.
Platform Expansion and Integration
Expanded platform capabilities with the integration of new airlines like Qantas and Air India, and enhanced services like trucking for door-to-door freight experience.
Successful Shipta Integration
The integration of Shipta is supporting recurring subscription revenue growth and offers significant cross-selling opportunities.
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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 |
|---|---|---|---|
| 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% |
| Feb 26, 2024 | $2.91 | $2.86 | -1.72% |
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 Mar 17, 2025, TBA Not Confirmed.
What is Freightos Limited (CRGO) earnings time?
Freightos Limited (CRGO) earnings time is at Mar 17, 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 2024 (Q4) is -$0.09.
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