Freight booking platform Freightos jumps after quarterly revenue beat

Freightos

17/08/2026 13:34

** Shares of freight booking and payment platform Freightos CRGO.O up about 18% at $1.58 premarket
** Co beats revenue estimates, driven by growth in its WebCargo freight-booking platform and higher customer transaction revenue
** Reports second-quarter revenue of $7.7 million, beating analysts' estimates of $7.3 million - data compiled by LSEG
** Posts narrower loss per share of 3 cents, compared to 9 cents loss reported a year ago; analysts' estimated loss of 5 cents per share
** Co says resumed activity on Middle East routes drove higher transaction volumes 
** However, co trims its full-year revenue forecast to $30.4 million to $31.0 million, from a prior range of $30.2 million to $31.4 million
** CRGO separately appoints former Israeli computational chemistry firm Evogene's finance chief Yaron Eldad as CFO
** Up to last close, stock down ~41% YTD

(Reporting by Shania S Thomas in Bengaluru)
((shanias.thomas@thomsonreuters.com))