Welcome to our dedicated page for Freight Technologies Ordinary Shares news (Ticker: $FRGT), a resource for investors and traders seeking the latest updates and insights on Freight Technologies Ordinary Shares stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Freight Technologies Ordinary Shares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Freight Technologies Ordinary Shares's position in the market.
Rhea-AI Summary
Freight Technologies, Inc. (Nasdaq: FRGT) reports a 30% year-over-year revenue growth in Q1 2024, totaling approximately $4.3 million, with a significant 278% year-over-year volume growth in Fr8Fleet business, completing around 3,400 shipments. The Company aims to secure additional credit capacity to fund working capital, new customer acquisitions, and enhance Fr8App functionalities. Forecasting annual revenue of $25M to $30M for 2024, Fr8Tech remains confident in its growth trajectory.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.27%
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Rhea-AI Summary
Freight Technologies, Inc. (Nasdaq: FRGT) has been selected by Grupo Solave as their logistics solutions provider for cross-border operations. Solave, a leader in the Blue Agave market, aims to enhance its supply chain efficiency through Fr8App's platform. Fr8App's CEO, Javier Selgas, expressed excitement about the partnership and highlighted the growth potential in the Tequila market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.67%
Tags
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Rhea-AI Summary
Freight Technologies, Inc. (FRGT) reports a 16% Year-over-Year Revenue Growth and YTD Margin Improvement. The company achieved $5 million in quarterly revenue in Q4 2023, marking its third consecutive quarter of revenue growth. The YTD gross margin percentage increased to 9.3%, showing a 50-basis point improvement over the prior year. Fr8Tech's Fr8App is gaining traction with clients, enhancing operational efficiency and cost-effectiveness.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.33%
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Rhea-AI Summary
Freight Technologies, Inc. (FRGT) announces its successful partnership with Riisa, providing streamlined logistics solutions through its Fr8App platform. Riisa has benefitted from cost and time savings, efficient product movements, and timely deliveries. Fr8Tech's commitment to excellence in logistics services is evident in its continued support to Riisa and other clients, redefining the logistics industry with innovative solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.76%
Tags
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Rhea-AI Summary
Fr8App, a technology company, secures strategic routes valued at over $5 million with Envases Universales, a leading packaging company, highlighting its commitment to efficient cross-border logistics services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
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Rhea-AI Summary
Freight Technologies, Inc. (FRGT) regained compliance with Nasdaq's minimum bid price requirement after its share price rose above $1.00 for 10 consecutive business days, ensuring continued listing on the Nasdaq Capital Market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.98%
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Rhea-AI Summary
Freight Technologies, Inc. (FRGT) is set to participate in Geotab Connect 2024, showcasing its Fr8App freight-matching platform powered by AI. CEO Javier Selgas expresses excitement about the partnership with Geotab, highlighting the platform's enhancements for users.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.67%
Tags
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Rhea-AI Summary
Freight Technologies Inc. (FRGT) appoints former CFO Paul Freudenthaler as a board director and welcomes Don Quinby as the new CFO, signaling continued success and growth. The company emphasizes promoting internal talent and recognizing valuable contributions of its executives. Don Quinby's experience in financial management and strategic planning aligns with the company's commitment to sustained growth and innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.22%
Tags
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Rhea-AI Summary
Freight Technologies, Inc. (FRGT) announces a contract with Kawasaki Motores de Mexico for cross-border logistics services. The contract signifies a strategic leap forward in how Kawasaki approaches its logistics operations, aiming for unparalleled efficiency, reliability, and substantial cost reduction. Fr8App, the custom-developed platform, is orchestrating the cross-border logistics for Kawasaki's iconic Jet Ski models, showcasing adaptability and efficiency in handling diverse transportation requirements. The contract with Kawasaki Motores de Mexico also opens doors for additional opportunities with other Kawasaki companies across North America, representing an inroad for Freight Technologies into a large multinational conglomerate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.18%
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Rhea-AI Summary
Fr8Tech (Nasdaq: FRGT) announces the conversion of $3.55 million of convertible debt into preferred share equity, signaling investor confidence and financial stability. CEO Javier Selgas highlights the positive impact on the company's capital and strategic direction, emphasizing continued support from investors and plans for technological advancement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.78%
Tags
Freight Technologies, Inc. Ordinary Shares
Nasdaq:FRGT
FRGT Rankings
FRGT Stock Data
1.71M
2.36M
0.12%
1.19%
1.79%
Investment Banking and Securities Dealing
Finance and Insurance
United States of America
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