Freight Technologies, Inc. FRGT
Technologies, Inc. (Nasdaq: FRGT) ("Fr8Tech"), through its wholly-owned subsidiary, Fr8App, and Fr8App's wholly-owned
Mexico subsidiary, Freight App de México, S.A De C.V. ("Freight App Mexico") is a technology company primarily involved
in the freight management business. We offer a diverse portfolio of proprietary platform solutions powered by artificial intelligence
("AI") and machine learning to optimize and automate the supply chain process. Freight logistics operations and our Fr8App marketplace solution, begins
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.1M | $13.7M | $17.1M | $25.9M | $21.5M | $618 | $1.4M | $14.4M | $25.1M | $15.8M |
| Cost of revenue | — | — | — | — | — | — | $123 | $655.0K | $729.8K | $380.1K |
| Gross profit | — | — | — | — | — | $618 | $1.4M | $13.7M | $24.4M | $15.4M |
| R&D | — | — | — | — | $0 | $0 | $0 | $3.5M | $92.7K | — |
| SG&A | $2.4M | $2.0M | $3.2M | $3.6M | $2.6M | $4.1M | $1.9M | $11.7M | $3.2M | $1.3M |
| Total operating expenses | — | — | — | — | $2.5M | $4.1M | $2.0M | $15.8M | $3.8M | $1.9M |
| Operating income | -$5.9M | -$6.5M | -$8.3M | -$7.1M | -$4.8M | -$4.1M | -$627.7K | -$2.0M | $20.6M | $13.5M |
| Interest expense | $762.4K | $675.6K | $816.8K | $907.0K | $1.1M | — | — | — | — | — |
| Pre-tax income | -$7.8M | -$5.5M | -$9.2M | -$8.1M | -$8.2M | -$9.1M | -$62.0M | -$5.5M | $24.7M | $16.3M |
| Income tax | $52.4K | $67.5K | $104.9K | $90.5K | $40.3K | — | $7.2K | $1.7M | $633.3K | $2.5M |
| Net income | -$7.9M | -$5.6M | -$9.3M | -$8.2M | -$8.2M | -$9.1M | -$62.0M | -$3.8M | $24.0M | $13.9M |
| EPS, basic | -13.95 | -122.72 | -3,897.87 | -20.96 | -105.35 | -1.42 | -14.02 | — | — | — |
| EPS, diluted | -13.95 | -122.72 | -3,897.87 | -20.96 | -105.35 | -1.42 | -14.02 | -0.85 | 1.15 | 0.69 |
| Shares, diluted (wtd. avg.) | $566.3K | $45.6K | $2.4K | $390.6K | $77.8K | $6.4M | $4.4M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $346.7K | $204.0K | $1.6M | $1.0M | $3.2M | $3.3M | $13.6K | $1.6M | $27.2M | $1.9M |
| Receivables | $2.4M | $3.5M | $5.4M | $5.0M | $2.9M | — | $7.3K | $18.8M | $6.3M | $8.1M |
| Total current assets | $6.3M | $5.0M | $9.2M | $9.5M | $8.5M | $3.5M | $5.6M | $64.8M | $76.0M | $29.6M |
| Property, plant and equipment | $12.3K | $13.2K | $18.2K | $27.6K | $53.4K | $108.5K | $1.5K | $250.9K | $222.1K | $28.8K |
| Goodwill | $4.5M | — | — | — | — | — | — | — | $752.3K | — |
| Other intangibles | $4.7K | $5.5K | $6.4K | $7.2K | $8.0K | $806 | $1.9K | $3.4K | $1.4M | $2.8K |
| Total assets | $12.6M | $5.7M | $10.0M | $10.4M | $9.3M | $3.6M | $5.6M | $66.8M | $79.2M | $29.9M |
| Accounts payable | $1.6M | $1.4M | $1.9M | $2.0M | $2.3M | — | — | — | $71.1K | — |
| Short-term debt | $2.9M | $3.3M | $2.8M | $3.3M | $1.7M | — | — | — | — | — |
| Total current liabilities | $6.3M | $6.3M | $7.2M | $7.3M | $18.3M | $1.8M | $2.1M | $2.0M | $7.9M | $4.5M |
| Total liabilities | $7.3M | $6.3M | $7.4M | $7.3M | $122.4K | $3.0M | $3.0M | $2.0M | $8.1M | $4.5M |
| Retained earnings | -$52.8M | -$44.9M | -$39.3M | -$30.0M | -$21.8M | -$34.5M | -$25.4M | -$36.7M | $41.6M | $17.7M |
| Total equity | $5.3M | -$654.8K | $2.6M | $3.1M | -$9.0M | -$1.1M | $2.5M | $64.9M | $71.1M | $25.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$4.5M | -$4.2M | -$5.8M | -$8.5M | -$5.9M | -$3.8M | -$1.1M | -$17.3M | $27.6M | $14.5M |
| Depreciation and amortisation | $449.4K | $430.4K | $404.6K | $243.3K | $302.1K | $1.2K | $62.4K | $58.4K | $26.3K | $9.3K |
| Stock-based compensation | $883.3K | $981.0K | $1.2M | $1.0M | $235.4K | — | — | — | — | — |
| Capital expenditure | $6.1K | $9.6K | $34.7K | $16.9K | $12.5K | $108.1K | — | $176.0K | $191.7K | — |
| Investing cash flow | -$302.3K | -$345.7K | -$363.4K | -$380.6K | -$470.4K | -$108.1K | -$200.0K | -$7.7M | -$22.3M | $2.5M |
| Financing cash flow | $4.8M | $4.2M | $6.8M | $6.6M | $6.8M | $4.3M | -$31.2K | -$128.4K | $19.6M | -$15.7M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-023206.
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