See more : Benson Hill, Inc. (BHIL-WT) 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.
You may be interested
- MAS Financial Services Limited (MASFIN.BO) Income Statement Analysis – Financial Results
- Heijmans N.V. (HEIJM.AS) Income Statement Analysis – Financial Results
- Tasmea Ltd (TEA.AX) Income Statement Analysis – Financial Results
- Taokaenoi Food & Marketing Public Company Limited (TKN-R.BK) Income Statement Analysis – Financial Results
- Nanfang Ventilator Co., Ltd. (300004.SZ) Income Statement Analysis – Financial Results
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 |
Landstar Grapples With Weak Freight Market and Operating Expenses
LSTR is affected by reduced demand for freight services and increased truck capacity.
Freight Technologies Reports Strong Preliminary 2024 Mid-Year Results and Announces Exciting Advances in its Product Offerings
Revenue Growth, Enhanced Profit Margins, and Strategic Software Innovations Highlight Mid-Year Performance Revenue Growth, Enhanced Profit Margins, and Strategic Software Innovations Highlight Mid-Year Performance
Old Dominion Freight Line Provides Update for Third Quarter 2024
THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for August 2024. Revenue per day decreased 5.2% as compared to August 2023 due to a 6.1% decrease in LTL tons per day that...
Freight Technologies Announces Extinguishment of $1.1M of Outstanding Debt and Convertible Notes
HOUSTON, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT, “Fr8Tech” or the “Company”), a technology company offering its custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning that offers a real-time portal for B2B cross-border...
3 Air-Freight & Cargo Stocks to Watch in a Thriving Industry
Shareholder-friendly moves and cost-cutting initiatives bode well for the Zacks Transportation-Air Freight and Cargo industry. FDX, GXO and ATSG are well-poised to capitalize on the bullishness.
Vertical Farming Market Forecast Report 2024-2029, Featuring Profiles of AeroFarms, Grow Pod Solutions, Grodan, Koninklijke Philips, Sky Greens, UrbanKisaan, Kroptek and Freight Farms
Dublin, Sept. 02, 2024 (GLOBE NEWSWIRE) -- The "Vertical Farming Market - Forecasts from 2024 to 2029" report has been added to ResearchAndMarkets.com's offering. The vertical farming market is estimated to grow from US$9.742 billion in 2024 to US$18.690 billion...
Freightos Acquires Shipsta, Expanding Comprehensive Digital Freight Procurement Solution
Strategic acquisition broadens Freightos' digital freight-booking vision by pairing Freightos' spot offering with Shipsta's best-of-breed tender management platform. Deal accelerates revenue growth and reaching breakeven with cash on hand.
Why Old Dominion Freight Line Stock Hit the Accelerator in July
Old Dominion topped quarterly earnings expectations despite a continued soft operating environment. It could take a while for the trucking slump to end, but Old Dominion is well positioned to survive and thrive when demand improves.
C.H. Robinson Stock Soars as Cost Controls Lift Freight Transporter's Earnings
C.H. Robinson Worldwide (CHRW) shares delivered major gains after the freight transportation and logistics firm posted better-than-expected quarterly profits, boosted by the implementation of a new, cost-efficient operating model. The second quarter of 2024 marked the second consecutive period that...
Freight demand is weak, but cost cuts help C.H. Robinson boost profits.
Shares of shipping logistics provider C.H. Robinson Worldwide Inc. rallied on Wednesday after the company reported a second-quarter adjusted profit that topped Wall Street's estimates, helped by tighter operations in its key North American transportation services.
Source: https://incomestatements.info
Category: Stock Reports