Freight Tech (FRGT) FY2024 net loss narrows to $5.6M; guides FY2025 rev $20-25M

Freight Technologies, Inc.

2025-Q1 EPS reported -$0.73 revenue$4,100,640

Gross margin % rose 1.8 pts to 9.8% in FY2024; net loss narrowed $3.7M to -$5.6M.
Cash from ops improved $1.6M to -$4.2M; revenue declined but not quantified.
FY2025 outlook: revenue $20-25M, gross profit $2-3M, operating loss -$4M to -$5.5M.
Launched Waavely ocean platform (Jul 2024), Fleet Rocket TMS (Feb 2025); Fr8Fleet revenue up 42% YoY.

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