Comment / Analysis: $100m Freightos – hedging downside risk

D 343835418 © Andrii Yalanskyi | Dreamstime.com

Freightos (CRGO) management did all it could to defend the business after yet another loss disclosed in Q3 24, as you may have read in The Loadstar’s preliminary coverage.

CEO and chairman Zvi Schreiber and (outgoing) CFO Ran Shalev, defended guidance in the call with two equity analysts that followed the release of interims, and talked about the opportunity of recent M&A, “the Shipsta tender procurement solution, strengthening our position in the market”.

Shipsta is rapidly being integrated into “our solutions segment”, ...