Freight Technologies, Inc. (FRGT)

NASDAQ: FRGT · IEX Real-Time Price · USD
0.237
-0.004 (-1.82%)
At close: Jul 26, 2024, 4:00 PM
0.230
-0.007 (-3.08%)
After-hours: Jul 26, 2024, 7:10 PM EDT
-1.82%
Market Cap 3.41M
Revenue (ttm) 17.06M
Net Income (ttm) -9.33M
Shares Out 14.37M
EPS (ttm) -7.79
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 1,449,624
Open 0.242
Previous Close 0.242
Day's Range 0.230 - 0.250
52-Week Range 0.231 - 14.000
Beta 1.55
Analysts n/a
Price Target n/a
Earnings Date Jul 30, 2024

About FRGT

Freight Technologies, Inc., through its subsidiary, operates a transportation logistics technology platform for cross-border shipping in the United States and Mexico. Its Fr8App technology platform offers an online portal and a mobile application that provide third-party logistics services to companies in the freight transportation market; a transport management solution for customers to manage their own fleet; and freight brokerage support and customer services based on the platform. The company was incorporated in 2015 and is headquartered in... [Read more]

Sector Technology
Founded 2015
Employees 78
Stock Exchange NASDAQ
Ticker Symbol FRGT
Full Company Profile

Financial Performance

In 2023, FRGT's revenue was $17.06 million, a decrease of -34.10% compared to the previous year's $25.89 million. Losses were -$9.33 million, 13.9% more than in 2022.

Financial Statements

News

Freight Technologies Launches Waavely, a Revolutionary Digital Ocean Freight Platform

HOUSTON, July 08, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech” or “Freight Technologies”),a technology-driven logistics company offering Fr8App, its proprietary and in...

18 days ago - GlobeNewsWire

Freight Technologies, Inc. Expands Business Relationship with Amazon Mexico

HOUSTON, June 20, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT), (“Fr8Tech”), a technology driven logistics company powered by its proprietary AI and machine learning Fr8App platf...

5 weeks ago - GlobeNewsWire

Freight Technologies Inc. Participates in Chardan's Transport Platform Tech Series

Our platform makes the process of delivering goods more efficient by bringing intuitive technology to handle operations in a more streamlined way Our platform makes the process of delivering goods mor...

6 weeks ago - GlobeNewsWire

Freight Technologies Adds 26 New Customers and 149 New Carriers in 2024

HOUSTON, June 06, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (“Freight Technologies”, “Fr8Tech” or the “Company”) (NASDAQ: FRGT), an innovative logistics technology solutions company offering...

7 weeks ago - GlobeNewsWire

Freight Technologies, Inc., receives notification from NASDAQ

HOUSTON, May 24, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT, Fr8Tech or Company), a technology company developing solutions to optimize and automate the supply chain process and...

2 months ago - GlobeNewsWire

Freight Technologies, Inc. Reports Financial Results for Fiscal Year 2023

Annual revenue of $17.1 million with 48% year-over-year growth for Fr8Fleet Annual revenue of $17.1 million with 48% year-over-year growth for Fr8Fleet

2 months ago - GlobeNewsWire

Freight Technologies, Inc. Reports 30% Year-over-Year Revenue Growth and Strong Fr8Fleet Volumes for Q1 2024

30% Year-over-Year Total Revenue Growth and 278% Year-over-Year Volume Growth in Fr8Fleet 30% Year-over-Year Total Revenue Growth and 278% Year-over-Year Volume Growth in Fr8Fleet

3 months ago - GlobeNewsWire

Fr8App Selected by Grupo Solave for Cross-Border Logistics Services

HOUSTON, April 17, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech''), a technology company whose custom-developed, industry-leading Fr8App freight-matching platform offer...

3 months ago - GlobeNewsWire

Freight Technologies, Inc. Preliminary Results for Q4 2023 Show Strong Revenue Growth

Results include 16% Year-over-Year Revenue Growth and Year-over-Year YTD Margin Improvement Results include 16% Year-over-Year Revenue Growth and Year-over-Year YTD Margin Improvement

4 months ago - GlobeNewsWire

Fr8App's Innovative Platform Transforms Cross-Border Shipping for Riisa

Freight Technologies streamlines logistics for timely and flawless deliveries, saving time and costs Freight Technologies streamlines logistics for timely and flawless deliveries, saving time and cost...

4 months ago - GlobeNewsWire

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,...

5 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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 pow...

5 months ago - GlobeNewsWire

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 growt...

6 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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

7 months ago - GlobeNewsWire

Freight Technologies, Inc. Selected for Amazon Mexico Business

Amazon Selects Fr8App Technology for Logistics Solutions in High-Demand Season Amazon Selects Fr8App Technology for Logistics Solutions in High-Demand Season

8 months ago - GlobeNewsWire

Freight Technologies, Inc. Announces Strong Q3 Preliminary Earnings

Results include 27% Annualized Revenue Growth and 27% Year-over-Year YTD Margin Increase Results include 27% Annualized Revenue Growth and 27% Year-over-Year YTD Margin Increase

9 months ago - GlobeNewsWire

Fr8Tech's CEO Shares Open Letter Addressing Shareholders' Concerns

HOUSTON, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech”), a technology company whose custom-developed Fr8App, an industry-leading freight-matching platform powe...

9 months ago - GlobeNewsWire

Freight Technologies Inc. Secures Major Win with Leading Global Pharmaceutical Giant

Groundbreaking RFQ win: Fr8App to move vital pharmaceuticals for leading global pharmaceutical giant Groundbreaking RFQ win: Fr8App to move vital pharmaceuticals for leading global pharmaceutical gian...

9 months ago - GlobeNewsWire

Fr8App Announces New Integration with Geotab's Open API for Improved Shipment Visibility

Empowering Shippers and Carriers with Unprecedented Efficiency and Tracking Capabilities HOUSTON, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech''), a technolog...

10 months ago - GlobeNewsWire

Freight Technologies Inc. (FRGT) Reports Record Capacity Levels from Fr8Fleet

Fr8Fleet capacity up 60.8% year over year in August and 55.7% versus prior YTD levels Fr8Fleet capacity up 60.8% year over year in August and 55.7% versus prior YTD levels

11 months ago - GlobeNewsWire

Freight Technologies, Inc. (FRGT) Bid Price Deficiency

HOUSTON, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT, Fr8Tech or Company), a technology company developing solutions to optimize and automate the supply chain process an...

1 year ago - GlobeNewsWire

Freight Technologies, Inc. Reports Strong Q2 Earnings with 29% Revenue Growth and 93% Margin Increase

HOUSTON, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT), a technology company offering its custom-developed Fr8App, an industry-leading freight-matching platform powered b...

1 year ago - GlobeNewsWire

Freight Technologies' Fr8App Platform, Joins AMACARGA, Strengthening Its Position as a Leader in the Logistics Industry

Fr8App, Reinforcing its Commitment to Transforming the Logistics Landscape Fr8App, Reinforcing its Commitment to Transforming the Logistics Landscape

1 year ago - GlobeNewsWire