News / Bullish Freightos says 'cost efficiencies' helping bring profitability in sight

Freightos plans to reinvest in its products this year, as it edges nearer to profitability after more than halving its operating expenses in 2024 and seeing revenue increase 17%. 

Its loss last year shrank 65% from 2023’s $65m, to a deficit of $22.4m, while revenues grew to $23.7m. Full-year adjusted ebitda grew to -$12.6m, a 33% improvement on the prior -$19m. 

Teresa Carreras, FP&A director, standing in for recently appointed CFO Pablo Pinillos, said: “These gains result from scale and from ongoing ...