Detail akcie Freight Tech Rg online

Business Summary: Freight Technologies, Inc. is a technology company developing solutions to optimize and automate the supply chain process. The Company provides a freight-matching platform powered by artificial intelligence (AI) and machine-learning and offers a real-time portal for business-to-business (B2B) cross-border shipping and domestic shipping within the United States, Mexico, Canada Agreement (USMCA) region. It operates under three brands, Fr8App, Fr8Fleet and Fr8NOW. Fr8App uses its technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via specialized technologies, such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and committed capacity solutions. Fr8fleet is a digital platform for enterprise customers to handle truck services and operations for regular and ongoing shipping and logistics. Fr8NOW is its less-than-truckload (LTL) business.
Financial Summary: BRIEF: For the six months ended 30 June 2024, Freight Technologies Inc revenues increased 7% to $8.1M. Net loss remained flat at $4.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Interest expense, net decrease of 52% to $405K (expense), Compensation and employee benefits decrease of 1% to $2.8M (expense).