Freight Technologies, Inc. - Understand $frgt stock

$FRGT Market Cap: $3.188 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$42.95M

TTM

Gross Margin

8.5%

TTM

Net Earnings

-$17.52M

TTM

Current Assets

$9.766M

Q4 2023

Current Liabilities

$7.810M

Q4 2023

Current Ratio

125.06%

Q4 2023

Total Assets

$10.68M

Q4 2023

Total Liabilities

$8.052M

Q4 2023

Book Value

$2.627M

Q4 2023

Cash

$1.600M

Q4 2023

P/E

-0.1820

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$17.06M	$25.89M	$0.00	$620.00	$1.366M	$14.40M	$25.12M	$15.82M	$7.780M	$0.00
YoY Change	-34.1%		-100.0%	-99.95%	-90.51%	-42.66%	58.74%	103.37%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$17.06M	$25.89M	$0.00	$620.00	$1.366M	$14.40M	$25.12M	$15.82M	$7.780M	$0.00
Cost Of Revenue	$15.71M	$23.63M	$0.00	$0.00	$120.00	$655.0K	$729.8K	$380.1K	$240.0K	$0.00
Gross Profit	$1.351M	$2.263M	$0.00	$620.00	$1.366M	$13.75M	$24.39M	$15.44M	$7.550M	$0.00
Gross Profit Margin	7.92%	8.74%		100.0%	99.99%	95.45%	97.09%	97.6%	97.04%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Selling, General & Admin	$3.244M	$4.118M	$2.495M	$4.134M	$1.994M	$12.24M	$3.541M	$1.594M	$1.720M	$220.0K
YoY Change	-21.23%	65.03%	-39.64%	107.32%	-83.71%	245.67%	122.15%	-7.32%	681.82%
% of Gross Profit	240.12%	181.96%		666751.61%	145.94%	89.04%	14.52%	10.32%	22.78%
Research & Development				$0.00	$0.00	$3.513M	$92.68K	$0.00
YoY Change					-100.0%	3689.93%
% of Gross Profit				0.0%	0.0%	25.55%	0.38%	0.0%
Depreciation & Amortization	$404.6K	$243.3K	$3.200K	$1.180K	$62.36K	$59.91K	$39.31K	$9.980K	$10.00K	$0.00
YoY Change	66.27%	7504.19%	171.19%	-98.11%	4.09%	52.4%	293.89%	-0.2%
% of Gross Profit	29.95%	10.75%		190.32%	4.56%	0.44%	0.16%	0.06%	0.13%
Operating Expenses	$3.244M	$4.118M	$2.495M	$4.134M	$1.994M	$15.75M	$3.782M	$1.895M	$1.720M	$220.0K
YoY Change	-21.23%	65.03%	-39.64%	107.32%	-87.34%	316.53%	99.56%	10.19%	681.82%
Operating Profit	-$8.261M	-$7.062M	-$2.495M	-$4.133M	-$627.7K	-$2.006M	$20.60M	$13.55M	$5.830M	-$220.0K
YoY Change	16.99%	183.0%	-39.63%	558.51%	-68.71%	-109.74%	52.1%	132.36%	-2750.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Interest Expense	$807.9K	$907.0K	$760.00	$365.0K	$2.192M	$6.481M	$4.084M	$2.795M	$1.950M	$0.00
YoY Change	-10.92%	119243.82%	-99.79%	-83.35%	-66.17%	58.69%	46.1%	43.35%
% of Operating Profit							19.82%	20.64%	33.45%
Other Income/Expense, Net	-$498.9K	-$128.1K	$349.0K	$38.87K	-$5.611M	-$510.2K	-$7.060K	-$520.00	-$740.0K	$0.00
YoY Change	289.63%	-136.69%	797.92%	-100.69%	999.86%	7126.63%	1257.69%	-99.93%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Pretax Income	-$9.223M	-$8.097M	-$2.146M	-$9.075M	-$61.99M	-$5.521M	$24.68M	$16.34M	$7.480M	-$220.0K
YoY Change	13.91%	277.37%	-76.36%	-85.36%	1022.81%	-122.37%	51.03%	118.47%	-3500.0%
Income Tax	$104.9K	$90.51K	$0.00	$0.00	$7.240K	-$1.702M	$633.3K	$2.453M	$1.870M	-$50.00K
% Of Pretax Income							2.57%	15.01%	25.0%
Net Earnings	-$9.328M	-$8.187M	-$2.146M	-$9.075M	-$62.00M	-$3.819M	$24.05M	$13.89M	$5.610M	-$160.0K
YoY Change	13.93%	281.59%	-76.36%	-85.36%	1523.46%	-115.88%	73.15%	147.57%	-3606.25%
Net Earnings / Revenue	-54.67%	-31.62%		-1463766.13%	-4537.09%	-26.51%	95.75%	87.78%	72.11%
Basic Earnings Per Share	-$7.79	-$2.10	-$10.53
Diluted Earnings Per Share	-$7.79	-$2.10	-$718.2K	-$3.117M	-$30.84M	-$1.899M	$12.67M	$6.642M	$26.71	-$0.76

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Short-Term Investments	$1.560M	$1.013M	$221.3K	$3.274M	$13.57K	$2.417M	$27.17M	$1.880M	$460.0K	$0.00
YoY Change	54.0%	357.73%	-93.24%	24028.89%	-99.44%	-91.1%	1344.63%	308.79%
Cash & Equivalents	$1.560M	$1.013M	$221.3K	$3.274M	$13.57K	$1.579M	$27.17M	$1.880M	$460.0K	$0.00
Short-Term Investments					$0.00	$837.8K
Other Short-Term Assets	$1.884M	$1.572M	$27.33K	$9.470K	$17.05K	$41.28K	$306.5K	$312.2K	$0.00	$50.00K
YoY Change	19.86%	5651.37%	188.6%	-44.46%	-58.7%	-86.53%	-1.84%		-100.0%
Inventory
Prepaid Expenses
Receivables	$5.360M	$4.983M	$0.00	$0.00	$7.260K	$18.84M	$6.290M	$8.089M	$4.870M	$0.00
Other Receivables	$962.0K	$1.891M	$2.506M	$186.9K	$5.523M	$43.49M	$42.22M	$19.33M	$25.05M	$0.00
Total Short-Term Assets	$9.766M	$9.459M	$2.754M	$3.471M	$5.561M	$64.78M	$75.98M	$29.61M	$30.38M	$60.00K
YoY Change	3.25%	243.41%	-20.64%	-37.59%	-91.42%	-14.74%	156.59%	-2.52%	50533.33%
Property, Plant & Equipment	$47.00K	$27.61K	$11.07K	$108.5K	$1.500K	$250.9K	$222.1K	$28.78K	$40.00K	$10.00K
YoY Change	70.23%	149.41%	-89.79%	7131.33%	-99.4%	12.94%	671.86%	-28.05%	300.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$8.000K	$18.17K
YoY Change	-55.97%
Other Assets	$81.00K	$154.1K	$0.00	$3.030K	$4.580K	$1.807M	$816.0K	$208.7K	$220.0K	$240.0K
YoY Change	-47.42%		-100.0%	-33.84%	-99.75%	121.43%	290.97%	-5.14%	-8.33%
Total Long-Term Assets	$913.0K	$956.9K	$11.08K	$112.3K	$8.030K	$2.061M	$3.219M	$240.3K	$260.0K	$240.0K
YoY Change	-4.58%	8535.92%	-90.13%	1298.63%	-99.61%	-35.97%	1239.86%	-7.6%	8.33%
Total Assets	$10.68M	$10.42M	$2.765M	$3.583M	$5.569M	$66.85M	$79.20M	$29.85M	$30.64M	$300.0K
YoY Change
Accounts Payable	$1.876M	$1.981M				$0.00	$71.14K
YoY Change	-5.28%					-100.0%
Accrued Expenses	$2.881M	$1.795M	$0.00	$416.2K	$1.184M	$807.3K	$3.681M	$1.517M	$570.0K	$60.00K
YoY Change	60.54%		-100.0%	-64.86%	46.69%	-78.07%	142.61%	166.15%	850.0%
Deferred Revenue
YoY Change
Short-Term Debt	$2.820M	$3.347M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-15.75%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$7.810M	$7.284M	$122.4K	$1.824M	$2.089M	$1.964M	$7.874M	$4.464M	$2.320M	$470.0K
YoY Change	7.22%	5853.53%	-93.29%	-12.69%	6.37%	-75.06%	76.39%	92.41%	393.62%
Long-Term Debt	$242.0K	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities			$0.00	$1.128M	$959.9K
YoY Change			-100.0%	17.51%
Total Long-Term Liabilities	$242.0K	$0.00	$0.00	$1.128M	$959.9K	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change			-100.0%	17.51%
Total Liabilities	$8.052M	$7.284M	$122.4K	$2.952M	$3.049M	$1.964M	$8.088M	$4.464M	$2.320M	$470.0K
YoY Change	10.54%	5853.53%	-95.86%	-3.19%	55.24%	-75.72%	81.18%	92.41%	393.62%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021
Basic Shares Outstanding	1.197M shares	3.906M shares	778.4K shares
Diluted Shares Outstanding	1.197M shares	390.6K shares	77.84K shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $3.1881 Million

About Freight Technologies, Inc.

Freight Technologies Inc is a US-based company operating in Air Freight & Logistics industry. The company is headquartered in The Woodlands, Texas and currently employs 78 full-time employees. The company went IPO on 2017-08-08. Freight Technologies, Inc. is a technology company developing solutions to optimize and automate the supply chain process. The firm provides a freight-matching platform powered by artificial intelligence (AI) and machine-learning and offers a real-time portal for business-to-business (B2B) cross-border shipping and domestic shipping within the United States, Mexico, Canada Agreement (USMCA) region. The company operates under three brands, Fr8App, Fr8Fleet and Fr8NOW. Fr8App uses its technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via specialized technologies, such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and committed capacity solutions. Fr8fleet is a digital platform for enterprise customers to handle truck services and operations for regular and ongoing shipping and logistics. Fr8NOW is its less-than-truckload (LTL) business.

Industry: Services-Management Consulting Services Peers: Cannagistics Inc. Air Transport Services Group, Inc. AIR T INC RADIANT LOGISTICS, INC JANEL CORP Transportation & Logistics Systems, Inc. UNITED PARCEL SERVICE INC