- Fr8Tech demonstrated steady growth in Q2 2023 reporting a 29% increase in revenue and a 93% rise in margin compared to 2022 reporting
- The company projects that it will hit revenues up to $42 million in 2023 – an increase over the previous year at approximately $27 million
- Fr8Tech offers technology solutions that include a freight matching platform for OTR shipping internationally, a dedicated truck services and operations platform, and an LTL freight matching platform in Mexico
- Fr8Tech continues to dedicate its offering to innovative solutions that enhance and innovate the transportation industry and simplify and optimize supply chain processes while facilitating shareholder value
Freight Technologies (NASDAQ: FRGT) (“FR8Tech”), a technology company developing solutions to optimize and automate the supply chain process, providing a platform for B2B cross-border shipping in the USMCA region, recently reported its financial results for the second quarter of 2023, concluding on June 30, 2023. The company has demonstrated steady growth, achieving a 29% increase in revenue compared to the previous quarter and a 93% rise in margin compared to the same year-to-date period last year (https://ibn.fm/TJmrV).
Fr8Tech projects that during 2023, it will hit revenues between $36 million and $42 million – compared to preliminary 2022 revenues of approximately $26 to $27 million. The company’s freight platform was designed to provide carriers with increased growth opportunities while affording…
NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at https://ibn.fm/FRGT
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