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Freightos (CRGO) investor relations material
Freightos Sidoti's Year End Virtual Investor Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Market opportunity and platform overview
International freight is a $600B market, with over 90% of bookings still offline, creating inefficiencies and opportunities for digital transformation.
The platform connects carriers, forwarders, and shippers, enabling real-time pricing, instant booking, and efficient procurement.
Over 1.3 million bookings were processed in 2024, with a run rate of 1.5 million, reflecting rapid adoption and network effects.
The platform is embedded in workflows of top global freight companies, with 70% of global capacity represented.
The three-sided network is a core competitive advantage, difficult to replicate even with advanced technology.
Business model and monetization
Revenue is split between solutions (SaaS/data) and platform (transaction fees), with platform revenue expected to overtake solutions revenue as scale increases.
Take rates are improved by adding value-added services like payments, interlines, and documentation.
The platform for importers/exporters and forwarders yields double-digit percentage take rates from GBV.
Gross margins are improving due to operational efficiencies and infrastructure savings, with SaaS margins higher than platform margins.
The company is capital efficient, with no debt, minimal CapEx, and a clean balance sheet.
Financial performance and outlook
Revenue has grown steadily since 2020, projected to reach $29.5–$29.6M in 2025.
Gross margins have improved to 73–75% (non-IFRS) and 65–69% (IFRS), with further expansion expected.
Adjusted EBITDA has improved 8–12 percentage points year-on-year, with profitability targeted for Q4 2025 and break-even in 2026.
Transaction volume and GBV are growing 20–30% year-on-year, with revenue growth guidance of 25–30% annually.
The company holds $30.6M in cash, expecting to maintain over $20M at break-even.
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