Freight Technologies sees FY25 revenue $20M-$23M

Primarily as a result of the expected economic impact of higher tariffs on US-Mexico cross border trade, the Company is lowering the high-end of its revenue and margin outlook for 2025. The Company believes it can recover most, if not all, cross-border volume with domestic shipments across Fr8App and Fr8Fleet, but remains cautious given the current uncertainty surrounding official trade policy between the two countries. Revised outlook for 2025 is: Revenue: $20 million to $23 million; Gross Profit: $2 million to $2.8 million; Operating Loss: -$4.2 million to -$5.5 million