US CBP sees 90% fall in revenue last month; airfreight sees ecomm slide
February may have been the month in which the US suspended its de minimis exemption ...
By Alex Lennane
UPDATED 28.11.24 TO INCLUDE FREIGHTOS INPUT AND REMOVE REFERENCE TO GUILLAUME HALLEUX
Freightos’ share price fell yesterday as it announced a Q3 operating loss of $4.9m, albeit an improvement on 2023’s Q3 loss of $9.3m.
But while it continues to be unprofitable, revenues rose to $6.2m in the quarter, up 21% from a year earlier. Adjusted ebitda came in at -$2.8m, up from a loss of $4.1m a year earlier. It has $41.3m in cash in the bank.
Freightos is now one of ...
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