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Freightos Q1 revenue up 9.9%, suffers $58M operating loss

One-time charge hurts bottom line; digital bookings up 100%

Courtney BlackannbyCourtney Blackann
May 24, 2023
in Air Cargo Digital Booking
Reading Time: 4 mins read
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Freightos today reported first-quarter revenue of $4.8 million, a 9.9% year-over-year increase, but the digital booking and payment platform had an operating loss of $58 million for the three months ended March 31, a significant increase from Q1 2022’s operating loss of $4.2 million. Freightos reported an operating loss of $24 million in Q4 2022 […]

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