{"id":1379,"date":"2024-08-20T23:36:05","date_gmt":"2024-08-20T20:36:05","guid":{"rendered":"https:\/\/www.lojistiknakliye.com\/?p=1379"},"modified":"2024-08-20T23:36:05","modified_gmt":"2024-08-20T20:36:05","slug":"kazanc-cagrisi-freightos-guclu-bir-ikinci-ceyrek-performansi-bildirdi","status":"publish","type":"post","link":"https:\/\/www.lojistiknakliye.com\/en\/kazanc-cagrisi-freightos-guclu-bir-ikinci-ceyrek-performansi-bildirdi\/","title":{"rendered":"Call for earnings: Freightos reported a strong second-quarter performance"},"content":{"rendered":"<div>\n<p>Leading digital freight platform Freightos (NASDAQ: FRGT) reported strong performance in the second quarter of 2024 with significant growth in transactions and gross reservation value. Transactions this quarter and gross reservation value %A strong performance was achieved with an increase of 31 \u2047 .<\/p>\n<p>During the earnings call, CEO Anat Earon-Heilborn announced the strategic acquisition of Shipsta \u2047 , a logistics platform that will enhance Freightos \u2047 's offerings in the freight supply sector. The company also reported an increase in revenue and improved operational efficiency in Q2.<\/p>\n<p><b>Significant inferences<\/b><\/p>\n<ul>\n<li>Freightos announced the acquisition of Shipsta \u2047 , a logistics platform serving more than 50 \u2047  corporate customers.<\/li>\n<li>Second quarter performance in operations \u2047 increase and gross reservation value %There was an increase of 31.<\/li>\n<li>By expanding its platform, the company increased 14 carriers to a total of 51 \u2047  and increased the number of receiving users to %Increased by 16.<\/li>\n<li>Freightos \u2047 un subsidiary 7LFreight has made progress in U.S. trucking reservations.<\/li>\n<li>Revenues for the second quarter compared to the previous year increase to $5.7 million, while gross profit margin , if the gross margin of non-IFRS is %He broke the record with 72.<\/li>\n<li>Adjusted EBITDA stood at minus $3.1 million, better than last year's minus $5.3 million.<\/li>\n<li>Transactions in Q3 %It is expected to increase by 20-24 percent for the whole year. %It is projected to grow at a rate of 25-27.<\/li>\n<li>Shipsta \u2047 's revenue contribution was mostly about 800,000 in the 4th quarter $ It is expected to happen.<\/li>\n<li>Freightos raised its expectation of revenue for the whole year, referring to the acquisition of Shipsta \u2047  and the economy of scale.<\/li>\n<\/ul>\n<p><b>Appearance of Company<\/b><\/p>\n<ul>\n<li>Freightos in operations for Q3 -24 for the whole year. %It is expected to increase by 25-27.<\/li>\n<li>The acquisition of Shipsta \u2047  is expected to be a major driving force in accelerating Freightos \u2047 's path to profitability.<\/li>\n<\/ul>\n<p><b>Significant bear developments<\/b><\/p>\n<ul>\n<li>Although the company's adjusted EBITDA has improved compared to the previous year, it remains negative with $3.1 million.<\/li>\n<\/ul>\n<p><b>Highlights on Ascension<\/b><\/p>\n<ul>\n<li>Freightos has experienced a significant increase in transactions and gross booking value, indicating strong demand for its services.<\/li>\n<li>800,000 for the purchase of Shipsta \u2047 , especially in the 4th quarter $ It is expected to bring income.<\/li>\n<\/ul>\n<p><b>Ladies and Gentlemen<\/b><\/p>\n<ul>\n<li>No specific shortcomings were discussed during the earnings call.<\/li>\n<\/ul>\n<p><b>Highlights in Questions and Answers<\/b><\/p>\n<ul>\n<li>The earnings call ended without any questions from participants, pointing out that there are currently no significant concerns from investors or analysts.<\/li>\n<\/ul>\n<p>Freightos \u2047 un's acquisition of Shipsta \u2047  prepares to create a more comprehensive supply platform in the freight sector and addresses the challenges of supply chain disruptions and the need for sustainability and regulatory compliance. The company's efforts to digitize the maritime transport process complement its on-board air services, although in the early stages. With positive customer feedback and a unique market position, Shipsta \u2047 's integration into Freightos \u2047 's offerings is expected to foster significant growth and contribute to the company's expectation of increased revenue. The synergy between Freightos \u2047 's digital capabilities and Shipsta \u2047 's efficient logistics solutions marks an advanced momentum for the company in the evolving transport sector.<\/p>\n<p><b>InvestingPro Insights<\/b><\/p>\n<p>Freightos \u2047 's recent performance highlights a company on the move, which paints a positive picture with strategic acquisitions and revenue growth. However, we refer to the opinions of InvestingPro \u2047  for a more comprehensive analysis. Cargotec (CRGO), a major player in the logistics and transportation sector, has a market capitalization of $78.7 million as of the first quarter of 2023, according to InvestingPro data. This figure provides a context for the scale of companies operating in this sector.<\/p>\n<p>From an operational point of view, Cargotec has been operating in the last twelve months as of the first quarter of 2023. %It has an impressive gross profit margin of 59.3. This metric is particularly important as Freightos continues to focus on operational efficiency and profitability, which is crucial in the competitive transport sector.<\/p>\n<p>InvestingPro Tips show that Cargotec \u2047  has more cash on its balance sheet than debt, and liquid assets exceed short-term liabilities. Such financial health indicators are critical for investors assessing the company's stability and long-term growth potential, especially in an industry where Freightos \u2047  is actively expanding and buying.<\/p>\n<p>Despite these strengths, analysts don't expect Cargotec to be profitable this year, and the company is rapidly consuming cash. These views can serve as stimulating benchmarks for Freightos on the road to profitability.<\/p>\n<p>InvestingPro offers additional tips on Cargotec for those who want to delve deeper into the financial metrics of the freight and logistics industry. There are a total of 12 InvestingPro Tips available that provide valuable insights for investors looking to make informed decisions in this industry. You can access this information and more at https:\/\/www.investing.com\/pro\/CRGO.<\/p>\n<p><em>This article was created, translated and reviewed by an editor with the support of artificial intelligence. See our Terms and Conditions for more information.<\/em><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Call for earnings: Freightos reported a strong second-quarter performance<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[85,98,99,97,72],"class_list":["post-1379","post","type-post","status-publish","format-standard","hentry","category-lojistik","tag-artis","tag-brut","tag-gelir","tag-satin","tag-sirket"],"_links":{"self":[{"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/posts\/1379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/comments?post=1379"}],"version-history":[{"count":0,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/posts\/1379\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/media?parent=1379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/categories?post=1379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lojistiknakliye.com\/en\/wp-json\/wp\/v2\/tags?post=1379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}