News / Freightos posts poor Q3 results, but this may be the least of its troubles

Photo: Freightos

Freightos has released fairly underwhelming results for its third quarter, as it continues to find a path to profitability – a path which may be even harder to tread since the outbreak of war in Israel, its home country.

In just the third set of full results since listing on the Nasdaq in January, the booking platform reported revenue up 9%, to $5.1m, with gross profit for the quarter at $2.8m, up 8.8% – but operating expenses rose 58%, year on ...