Freightos reported a 25% increase in Q4 2024 revenue, reaching $6.6 million, driven by growth from its WebCargo platform and customs services. Gross Booking Value surged 50% to $280.7 million, surpassing expectations and indicating a run rate over $1 billion. For 2024, revenue rose 17% to $23.8 million, while losses decreased significantly from $65.5 million to $22.5 million. CEO Zvi Schreiber highlighted the company’s role in digital transformation and announced plans for AI adoption. Looking ahead, Freightos anticipates Q1 2025 revenue between $6.7-6.8 million, with full-year projections of $29-30.6 million.

Source: https://www.stattimes.com/logistics/freightos-q4-revenue-up-25-2024-revenue-up-17-1354559