See more : CrystalGenomics, Inc. (083790.KQ) Income Statement Analysis – Financial Results
Complete financial analysis of Freight Technologies, Inc. (FRGT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Freight Technologies, Inc., a leading company in the Software – Application industry within the Technology sector.
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Freight Technologies, Inc. (FRGT)
About Freight Technologies, Inc.
Freight Technologies, Inc. operates as a transportation logistics technology platform company. The company through its subsidiary, Freight App, Inc., provides B2B cross-border shipping marketplace in the NAFTA region powered by AI and machine learning. Its Fr8App uses proprietary technology platform to connect carriers and shippers and improve matching and operation efficiency via technologies, such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and capacity solutions. The company was formerly known as Hudson Capital Inc. and changed its name to Freight Technologies, Inc. in May 2022. Freight Technologies, Inc. is headquartered in The Woodlands, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17.06M | 25.89M | 21.47M | 9.21M | 4.18M | 3.25M | 29.20M | 18.62M | 9.73M |
| Cost of Revenue | 22.08M | 23.63M | 19.56M | 8.41M | 3.85M | 2.93M | 729.75K | 390.05K | 243.41K |
| Gross Profit | -5.02M | 2.26M | 1.92M | 794.37K | 331.07K | 317.98K | 28.47M | 18.23M | 9.49M |
| Gross Profit Ratio | -29.41% | 8.74% | 8.92% | 8.63% | 7.92% | 9.80% | 97.50% | 97.90% | 97.50% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.51M | 92.68K | 0.00 | 0.00 |
| General & Administrative | 3.16M | 8.52M | 6.33M | 4.95M | 2.61M | 1.83M | 3.17M | 0.00 | 0.00 |
| Selling & Marketing | 80.33K | 557.47K | 91.66K | 23.62K | 130.64K | 20.23K | 371.38K | 0.00 | 0.00 |
| SG&A | 3.24M | 9.08M | 6.42M | 4.97M | 2.74M | 1.85M | 3.54M | 0.00 | 0.00 |
| Other Expenses | 0.00 | 243.33K | 302.10K | 531.03K | 659.96K | 534.54K | -3.63M | -1.58M | -1.72M |
| Operating Expenses | 3.24M | 9.32M | 6.72M | 5.50M | 3.40M | 2.39M | 3.63M | 1.58M | 1.72M |
| Cost & Expenses | 25.32M | 32.95M | 26.28M | 13.92M | 7.25M | 5.31M | 4.36M | 1.97M | 1.96M |
| Interest Income | 0.00 | 25.00K | 755.00 | 334.17K | 90.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 807.94K | 907.01K | 1.14M | 334.17K | 428.77K | 340.48K | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 404.60K | 243.33K | 3.20K | 1.18K | 62.36K | 59.91K | 39.31K | 9.98K | 8.26K |
| EBITDA | -8.01M | -6.95M | -4.79M | -4.70M | -3.05M | -2.01M | 24.72M | 16.35M | 7.49M |
| EBITDA Ratio | -46.95% | -26.34% | -34.16% | -45.39% | -57.57% | -47.23% | 85.19% | 89.45% | 79.94% |
| Operating Income | -8.26M | -7.06M | -4.81M | -4.71M | -3.07M | -2.07M | 24.84M | 16.64M | 7.77M |
| Operating Income Ratio | -48.42% | -27.28% | -22.39% | -51.16% | -73.36% | -63.70% | 85.06% | 89.40% | 79.85% |
| Total Other Income/Expenses | -961.46K | -1.04M | -3.35M | -1.12M | -428.68K | -340.48K | -155.17K | -301.61K | -286.28K |
| Income Before Tax | -9.22M | -8.10M | -8.16M | -5.83M | -3.50M | -2.41M | 24.68M | 16.34M | 7.48M |
| Income Before Tax Ratio | -54.06% | -31.28% | -38.00% | -63.32% | -83.62% | -74.19% | 84.52% | 87.78% | 76.91% |
| Income Tax Expense | 104.95K | 90.51K | 40.26K | 23.05K | 9.98K | -1.70M | 633.32K | 2.45M | 1.87M |
| Net Income | -9.33M | -8.19M | -8.20M | -5.85M | -3.51M | -2.41M | 24.05M | 13.89M | 5.61M |
| Net Income Ratio | -54.67% | -31.62% | -38.19% | -63.57% | -83.86% | -74.19% | 82.36% | 74.60% | 57.68% |
| EPS | -194.87 | -20.96 | -41.44 | -20.10 | -17.43 | -11.98 | 126.69 | 76.39 | 30.87 |
| EPS Diluted | -194.87 | -20.96 | -40.97 | -20.10 | -17.43 | -11.98 | 126.69 | 76.39 | 30.87 |
| Weighted Avg Shares Out | 47.87K | 390.56K | 197.87K | 291.19K | 201.04K | 201.04K | 189.82K | 181.82K | 181.82K |
| Weighted Avg Shares Out (Dil) | 47.87K | 390.56K | 200.18K | 291.19K | 201.04K | 201.04K | 189.82K | 181.82K | 181.82K |
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