Freightos reports Q3 EPS (10c), consensus (7c)

Reports Q3 revenue $7.7M, consensus $7.64M. “This quarter marks another consecutive period of record revenue and transactions for Freightos (CRGO) as we continue to demonstrate the resilience and growing adoption of our digital freight booking platform,” said Zvi Schreiber, CEO. “Our results show how freight rate volatility is accelerating the industry’s shift toward digital solutions that provide transparency and agility. While we’re seeing some enterprise customers pace their solutions purchases in the current macro environment, our multimodal strategy is gaining traction, with some major freight forwarders already moving from air-only to global multimodal deployments. Our new multimodal ocean and air solution represents a substantially larger market opportunity, positioning Freightos to capture growth as carriers continue embracing digital distribution channels.” “Our revenue growth this quarter underscores the strength of our diversified business model amid market fluctuations,” said Pablo Pinillos, CFO. “While we believe industry uncertainty has acted as a tailwind for platform revenue and a headwind for solutions revenue, we’ve met our overall revenue outlook with improved gross margins, reflecting the operating leverage we’re achieving at scale. We are making steady progress toward breakeven and maintain strong cash reserves as we continue strategic investment in growth balanced with disciplined cost management.”