NetworkNewsBreaks – Freight Technologies Inc. (N
Post# of 136
(Total Views: 237)
Posted On: 03/08/2023 3:41:22 PM
NetworkNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Announces Strong YTD Results, Projects ~40% Annual Revenue Growth in 2023
Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) is 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 and domestic shipping within the USMCA region. The company released fourth quarter 2022 revenue results for the period ended Dec. 31, 2022, reporting $4.4 million in quarterly revenue for Q4 2022, as well as an impressive $25.9 million in YTD 2022 revenue. With eyes set firmly on the future, Fr8Tech’s management announced 2023 revenue guidance of $36 million. “We are proud to report another successful year of growth in 2022, with YTD revenue up 20.6% from the prior year,” said Paul Freudenthaler, Fr8Tech’s CFO. “Despite some challenges in Q4, such as reduced demand from our largest client in 2021, which represents an isolated instance, we are optimistic about our business prospects and are projecting approximately $36 million in revenues for 2023, which represents nearly 40% year-over-year growth relative to 2022.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) is 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 and domestic shipping within the USMCA region. The company released fourth quarter 2022 revenue results for the period ended Dec. 31, 2022, reporting $4.4 million in quarterly revenue for Q4 2022, as well as an impressive $25.9 million in YTD 2022 revenue. With eyes set firmly on the future, Fr8Tech’s management announced 2023 revenue guidance of $36 million. “We are proud to report another successful year of growth in 2022, with YTD revenue up 20.6% from the prior year,” said Paul Freudenthaler, Fr8Tech’s CFO. “Despite some challenges in Q4, such as reduced demand from our largest client in 2021, which represents an isolated instance, we are optimistic about our business prospects and are projecting approximately $36 million in revenues for 2023, which represents nearly 40% year-over-year growth relative to 2022.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
(0)
(0)Freight Technologies, Inc. (FRGT) Stock Research Links
Scroll down for more posts ▼