Freightos (NASDAQ:CRGO) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Freightos (NASDAQ:CRGO) released its quarterly earnings results on Tuesday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.04), Zacks reports. Freightos had a negative return on equity of 37.28% and a negative net margin of 59.46%.

Here are the key takeaways from Freightos’ conference call:

• Q1 fell short of expectations as Freightos said softer-than-expected solution sales and lower transaction activity hurt results, largely tied to volatility and disruptions in Middle East trade corridors.
• Commercial momentum is improving, with the solutions pipeline described as roughly double last year’s level and customer demand growing for benchmarking, forecasting, and procurement intelligence tools.
• The company said its carrier network reached a record 79 active carriers, and it recently added another major carrier expected to strengthen its position in APAC.
• Transaction growth lagged targets: Freightos processed 425,000 transactions, up 15% year over year but below its 20%+ goal, and management said the Q1 shortfall will not be fully recovered this year.
• Freightos is tightening execution and cutting costs, including a plan expected to deliver about $4.5 million in annualized savings beginning in Q4 2026, while still targeting adjusted EBITDA breakeven by the end of 2026.

Freightos Trading Down 2.5%

Shares of NASDAQ:CRGO opened at $1.99 on Tuesday. The stock has a 50 day moving average of $1.84 and a 200 day moving average of $2.25. The company has a market cap of $102.25 million, a PE ratio of -5.69 and a beta of 0.28. Freightos has a 12-month low of $1.17 and a 12-month high of $4.24. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On Freightos

Several large investors have recently added to or reduced their stakes in CRGO. Essex Investment Management Co. LLC increased its stake in shares of Freightos by 100.3% in the fourth quarter. Essex Investment Management Co. LLC now owns 618,564 shares of the company’s stock worth $1,410,000 after purchasing an additional 309,746 shares in the last quarter. Topline Capital Management LLC bought a new position in Freightos in the 2nd quarter worth $658,000. Mink Brook Asset Management LLC raised its holdings in Freightos by 43.1% during the fourth quarter. Mink Brook Asset Management LLC now owns 242,352 shares of the company’s stock valued at $553,000 after acquiring an additional 73,001 shares during the period. 683 Capital Management LLC bought a new stake in Freightos during the fourth quarter valued at about $327,000. Finally, Citadel Advisors LLC lifted its position in shares of Freightos by 24.4% in the third quarter. Citadel Advisors LLC now owns 74,671 shares of the company’s stock valued at $246,000 after acquiring an additional 14,624 shares in the last quarter. Hedge funds and other institutional investors own 22.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CRGO. Craig Hallum reissued a “buy” rating and issued a $3.00 target price on shares of Freightos in a research report on Tuesday, February 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Freightos in a research report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Freightos has a consensus rating of “Hold” and an average target price of $3.00.

About Freightos

Freightos, trading under the symbol CRGO on Nasdaq, operates a digital booking platform designed to streamline international freight logistics. The company’s core offering, the Freightos Marketplace, allows shippers and freight forwarders to compare and book air, ocean and trucking services online, providing rate transparency and live booking capabilities. By aggregating quotes from a global network of carriers and forwarders, Freightos enables customers to secure competitive prices and manage bookings through a single interface.

In addition to its marketplace, Freightos offers a suite of SaaS solutions for logistics professionals.