See more : Sinolink Worldwide Holdings Limited (SNLKF) 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
- Paragon Finance Limited (PARAGONF.BO) Income Statement Analysis – Financial Results
- Grand Green Energy Co., LTD. (6639.TWO) Income Statement Analysis – Financial Results
- Pepper Food Service Co., Ltd. (3053.T) Income Statement Analysis – Financial Results
- Dassault Aviation Société anonyme (AM.PA) Income Statement Analysis – Financial Results
- Teleflex Incorporated (TFX) 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 |
Fr8App Awarded Key Routes with Envases Universales
Fr8App Secures Strategic Routes with Envases Universales for Logistics Services, Valued at More Than $5 Million Dollars Fr8App Secures Strategic Routes with Envases Universales for Logistics Services, Valued at More Than $5 Million Dollars
Fr8Tech Regains Compliance with Nasdaq's Minimum Bid Price Listing Rule
HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech''), a technology company whose custom-developed, industry-leading Fr8App freight-matching platform offers a real-time portal for B2B cross-border and domestic shipping within the USMCA region, previously announced that it...
Fr8App Showcased at Geotab Connect 2024
HOUSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech''), a technology company whose custom-developed Fr8App, an industry-leading freight-matching platform powered by artificial intelligence (“AI”) and machine-learning and offering a real-time portal for B2B cross-border shipping and...
Freight Technologies, Inc. Announces Key Leadership Changes
Embarking on a New Chapter: Freight Technologies Inc. elevates former CFO Paul Freudenthaler to Board Director and welcomes Don Quinby as the new CFO, setting the stage for continued success and growth Embarking on a New Chapter: Freight Technologies Inc....
Freight Technologies Inc. Secures Contract with Kawasaki
HOUSTON, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech''), a technology company specializing in the development of innovative solutions to optimize and automate the supply chain process through its custom-developed F8App platform, proudly announces the execution...
2 Air-Freight & Cargo Stocks to Watch in a Challenging Industry
The Zacks Industry Rank for the Transportation-Air Freight and Cargo industry paints a sorry picture. Braving these headwinds are UPS and FDX, which investors might consider keeping on their radar.
Freight Technologies, Inc. Announces Conversion of $3.55M Convertible Debt to Equity
Investor converts $3.55 million of convertible debt into preferred share equity Investor converts $3.55 million of convertible debt into preferred share equity
5 Investors Betting Big on Freight Technologies (FRGT) Stock
Freight Technologies (NASDAQ: FRGT ) stock is up by about 200% today after the company announced that Amazon (NASDAQ: AMZN ) had chosen to renew its selection to use the Fr8App in Mexico. The app, powered by Freight's proprietary artificial...
Amazon Sends Freight Technologies (FRGT) Stock Soaring
Freight Technologies (NASDAQ: FRGT ) stock is trending on social media, and its shares are jumping over 370% in pre-market trading after Amazon (NASDAQ: AMZN ) again selected the company to be its partner in Mexico. Freight Technologies describes itself as...
Why Is Freight Technologies (FRGT) Stock Up 120% Today?
Freight Technologies (NASDAQ: FRGT ) stock is on the rise Thursday after the logistics company announced an agreement with Amazon (NASDAQ: AMZN ). That agreement will see Amazon Mexico making use of the company's Fr8App platform for its logistics needs.
Source: https://incomestatements.info
Category: Stock Reports