Freight Technologies, Inc. projects for 2023 Revenue to grow over 40% vs. 2022
Freight Technologies, Inc., a technology company developing solutions to optimize and automate the supply chain process and providing its Fr8App platform for B2B cross-border shipping in the USMCA region, announces guidance for revenue for 2023.
The company projects 2023 revenue to be between $36 to $42 million, compared to preliminary 2022 revenue of approximately $26 to $27 million.
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Javier Selgas, CEO of Fr8Tech, said, “We look forward to continued growth in our cross-border and domestic FTL offerings over the course of the next 12 to 24 months and come into 2023 with a strong pipeline of existing customers and new prospects and growing lines of business. We are revising our guidance for 2023 revenues to be in the $36 to $42 million range as we continue to invest in our technology and are capturing early returns from our new product offerings. We are excited about our future prospects to continue to drive shareholder value.” concluded Selgas.
Freight Technologies a technology company developing solutions to optimize and automate the supply chain process. Its wholly owned subsidiary Freight App, Inc. (Fr8App) is a B2B cross-border shipping marketplace in the USMCA region powered by AI and machine learning. Focused on making shipping transparent and efficient, Fr8App provides carriers with increased growth opportunities and shippers with flexibility, visibility and simplicity for the once-complex process of international over-the-road (OTR) shipping. Fr8App uses its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and committed capacity solutions.
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