An update from Freight Technologies ( (FRGT) ) is now available.
Freight Technologies announced its 2024 results, highlighting a transformative year with improvements in gross margins and cash flow from operations. The company launched Waavely, an ocean freight booking platform, in July 2024 and introduced Fleet Rocket, a Transportation Management System, in February 2025. Fr8Tech also saw a 42% revenue growth in its Fr8Fleet service and received positive customer feedback. Financially, the company improved its gross margin to 9.8% and reduced its net loss by $3.7 million compared to 2023. These advancements position Fr8Tech as a comprehensive digital freight-logistics technology company, focusing on expanding its innovative solutions and navigating the macroeconomic trade environment.
Spark’s Take on FRGT Stock
According to Spark, TipRanks’ AI Analyst, FRGT is a Underperform.
Freight Technologies is currently facing substantial financial and operational challenges, reflected in its low financial performance score. The weak technical indicators further emphasize the bearish outlook, while valuation metrics highlight ongoing unprofitability. The absence of earnings call and corporate events data limits additional insights. The overall score reflects significant risks with limited upside potential, warranting cautious consideration for investors.
To see Spark’s full report on FRGT stock, click here.
More about Freight Technologies
Freight Technologies, Inc. (Fr8Tech) is a logistics management innovation company that offers a diverse portfolio of technology-driven solutions. The company focuses on optimizing and automating the supply chain process with its proprietary platform solutions powered by AI and machine learning. Fr8Tech’s offerings include the Fr8App platform for Over-the-Road (OTR) B2B cross-border shipping across the USMCA region, Fr8Now for less-than-truckload (LTL) shipping, Fr8Fleet for enterprise clients in Mexico, Waavely for ocean freight booking, and Fleet Rocket, a Transportation Management System (TMS) for logistics operators. The company is headquartered in Houston, Texas.
YTD Price Performance: -43.63%
Average Trading Volume: 1,430,095
Technical Sentiment Signal: Buy
Current Market Cap: $2.6M
For detailed information about FRGT stock, go to TipRanks’ Stock Analysis page.