Freightos Limited (NASDAQ:CRGO) saw its stock climb more than 2% in pre-market trading on Monday after the company posted strong third-quarter results, highlighted by another surge in digital freight bookings.
The global freight-tech firm reported Q3 revenue of $7.7 million, up 24% year over year, as shippers and carriers increasingly adopt online booking platforms. Shares gained 2.62% following the announcement.
Freightos delivered a quarterly loss of $0.10 per share, but platform activity continued to accelerate. Total transactions hit a record 429,000, up 27% from a year earlier, marking the 23rd straight quarter of all-time highs. Gross Booking Value rose 54% to $336 million, signaling robust demand for real-time digital freight tools.
“This quarter marks another consecutive period of record revenue and transactions for Freightos as we continue to demonstrate the resilience and growing adoption of our digital freight booking platform,” said Zvi Schreiber, CEO of Freightos. “Our results show how freight rate volatility is accelerating the industry’s shift toward digital solutions that provide transparency and agility.”
Gross margin improved to 69.1% from 65.0% a year earlier, while adjusted EBITDA came in at – $2.6 million, a modest improvement from – $2.8 million last year.
Looking to the fourth quarter, Freightos expects another period of double-digit growth, forecasting 438,000–444,000 transactions, up 29%–31% year over year. Revenue is projected between $7.4 million and $7.5 million, reflecting 20%–22% annual growth.
Carrier participation continued to expand, rising to 77 carriers, while the number of unique buyer users reached 20,600. Freightos ended September with a solid liquidity position, holding $30.6 million in cash and cash equivalents.