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Freight Technologies
(NASDAQ:FRGT)
Freight Technologies (FRGT) vs. S&P 500 (SPY)
Freight Technologies Business Overview & Revenue Model
Freight Technologies Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 13.73M | 17.06M | 25.89M | 21.47M | 9.21M | Gross Profit |
| 1.34M | -5.02M | 2.26M | 1.92M | 794.37K | EBIT |
| -6.49M | -8.26M | -7.06M | -4.81M | -4.71M | EBITDA |
| -4.43M | -8.01M | -6.95M | -4.79M | -4.70M | Net Income Common Stockholders |
| -5.60M | -9.33M | -8.19M | -8.20M | -5.85M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 204.03K | 1.56M | 1.01M | 3.15M | 2.77M | Total Assets |
| 5.69M | 10.68M | 10.42M | 9.29M | 6.60M | Total Debt |
| 3.34M | 3.06M | 3.35M | 10.04M | 5.20M | Net Debt |
| 3.14M | 1.50M | 2.33M | 6.88M | 2.44M | Total Liabilities |
| 6.35M | 8.05M | 7.28M | 18.26M | 7.75M | Stockholders Equity |
| -654.76K | 2.63M | 3.13M | -8.97M | -1.15M |
| Cash Flow | Free Cash Flow | |||
| -4.22M | -6.15M | -8.85M | -6.40M | -3.64M | Operating Cash Flow |
| -4.21M | -5.79M | -8.47M | -5.93M | -3.41M | Investing Cash Flow |
| -345.72K | -363.37K | -380.58K | -470.40K | -227.65K | Financing Cash Flow |
| 4.24M | 6.80M | 6.57M | 6.83M | 6.09M |
Freight Technologies Technical Analysis
Freight Technologies Risk Analysis
Freight Technologies Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $10.96B | 10.27 | -6.73% | 2.97% | 7.73% | -11.60% | |
53 Neutral | $3.00B | ― | -0.82% | 1.44% | -26.04% | 85.84% | |
52 Neutral | $57.15M | ― | -209.93% | ― | -55.61% | -259.24% | |
39 Underperform | $2.93M | ― | -568.01% | ― | -19.53% | 92.37% | |
25 Underperform | $15.12M | ― | 67.54% | ― | 106.67% | 16.74% |
Freight Technologies Corporate Events
On May 12, 2025, Freight Technologies announced the issuance of a second tranche of $1 million convertible notes for purchasing Official Trump tokens, increasing its total investment in these digital assets to $2 million. This move reflects Fr8Tech’s confidence in blockchain-based digital assets and aligns with its advocacy for fair and free trade across the US-Mexico border. The company sees this investment as a strategic opportunity to support cross-border commerce, which totaled $840 billion last year, and address challenges such as the flow of narcotics while maintaining legitimate trade.
Spark’s Take on FRGT Stock
According to Spark, TipRanks’ AI Analyst, FRGT is a Underperform.
Freight Technologies is challenged by a precarious financial position characterized by declining revenues, high leverage, and continued losses. While technical indicators and valuation metrics remain weak, recent corporate initiatives offer a glimmer of potential improvement. However, the overall risk profile remains high, warranting cautious investor consideration.
To see Spark’s full report on FRGT stock, click here.
Freight Technologies, Inc. announced the completion of a Securities Purchase Agreement with accredited investors on April 29, 2025, involving the sale of senior convertible notes and incremental warrants for a total purchase price of $20 million. On May 2, 2025, the company issued notes and warrants, raising $1 million, with a maturity date set for May 2, 2027. The company also secured a security interest in its assets for the note holders and clarified that the securities were offered in a transaction exempt from registration under the Securities Act.
Spark’s Take on FRGT Stock
According to Spark, TipRanks’ AI Analyst, FRGT is a Underperform.
Freight Technologies is challenged by a precarious financial position characterized by declining revenues, high leverage, and continued losses. While technical indicators and valuation metrics remain weak, recent corporate initiatives offer a glimmer of potential improvement. However, the overall risk profile remains high, warranting cautious investor consideration.
To see Spark’s full report on FRGT stock, click here.
On April 29, 2025, Freight Technologies, Inc. entered into a Securities Purchase Agreement with accredited investors to raise approximately $20 million through the sale of senior convertible notes and warrants. The capital is earmarked for purchasing Official Trump Tokens (TRUMP) as part of the company’s strategy to diversify its digital asset treasury, following a recent acquisition of FET tokens. This move positions Fr8Tech as one of the first public companies to integrate $TRUMP into its digital asset strategy, reflecting its commitment to promoting commerce between the United States and Mexico. The company also announced the appointment of Leilei Nie and Andres Gonzalez to its board of directors, with Gonzalez serving as Chairman of the Nominating Committee.
Spark’s Take on FRGT Stock
According to Spark, TipRanks’ AI Analyst, FRGT is a Underperform.
Freight Technologies’ overall score is heavily impacted by its weak financial performance, which poses significant risks due to declining revenues and high leverage. However, strategic corporate actions and improvements offer some potential for recovery, but the technical and valuation metrics remain weak, indicating limited upside potential.
To see Spark’s full report on FRGT stock, click here.
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.
On March 31, 2025, Freight Technologies, Inc. entered into a Securities Purchase Agreement with Fetch Compute, Inc. to acquire $5.2 million worth of FET Tokens in exchange for 2,311,248 Series A4 preferred shares. This acquisition allows Fr8Tech to participate in Fetch.ai’s decentralized AI ecosystem, enhancing its competitive advantage in the logistics industry. The agreement also includes plans for a development partnership to advance blockchain and AI technologies in logistics, aiming to provide real-time visibility and supply chain transparency. This move diversifies Fr8Tech’s assets and strengthens its balance sheet, aligning with its commitment to logistics innovation.
On February 14, 2025, Freight Technologies announced the resignation of directors Paul Freudenthaler and William Samuels, with Freudenthaler continuing as Company Secretary. The company appointed Leilei Nie and Andres Gonzalez as new directors, bringing extensive experience in financial services and real estate investment management. These appointments align with Fr8Tech’s strategic focus on growth and innovation in logistics management, enhancing its board with diverse expertise as it continues to address challenges in the supply chain industry.