Freightos Expects Revenue Of $5.2M-$5.3M For Q1 (Est $7.025M), $22.4M-$24.0M For FY24 (Est $34.657M)
Portfolio Pulse from Benzinga Newsdesk
Freightos anticipates Q1 revenue to be between $5.2M-$5.3M, falling short of the estimated $7.025M. For FY24, the company expects revenue to range from $22.4M-$24.0M, below the forecast of $34.657M.
February 26, 2024 | 12:28 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Freightos reports anticipated Q1 revenue of $5.2M-$5.3M, missing estimates of $7.025M, and FY24 revenue projections of $22.4M-$24.0M, below the expected $34.657M.
Freightos' reported expected revenues significantly miss analyst estimates for both Q1 and FY24, indicating potential challenges in the company's operations or market conditions. This news is likely to negatively impact investor sentiment and could lead to a decrease in CRGO's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100