How did Freightos (CRGO) manage its revenue and expenses in Q4 2024?

Freightos (CRGO) in Q4 2024, faced a significant challenge as the company's revenue was notably lower than its expenses, resulting in a negative net income. Here's a detailed analysis: 1. **Revenue**: Freightos generated a total revenue of $6.59 million during the quarter. This figure indicates the company's ability to bring in income from its operations. |code|Ticker|Name|Date|Total Revenue|Total Expenses|Net Income|market_code| |---|---|---|---|---|---|---|---| |CRGO|CRGO.O|Freightos|2023 Q4|5258000||-3315000|186| |CRGO|CRGO.O|Freightos|2024 Q1|5355000||-4616000|186| |CRGO|CRGO.O|Freightos|2024 Q2|5658000||-5314000|186| |CRGO|CRGO.O|Freightos|2024 Q3|6185000||-2724000|186| 2. **Expenses**: The total expenses for Freightos in Q4 2024 were $9.84 million. This amount is substantially higher than the revenue, suggesting that the company incurred significant costs during the period. 3. **Net Income**: With revenue of $6.59 million and expenses of $9.84 million, Freightos reported a negative net income of $3.25 million for the quarter. This negative net income reflects the company's financial losses for the period, primarily due to the high expenses relative to the revenue generated. 4. **Financial Health Concerns**: The negative net income and the fact that expenses far exceed revenue raise concerns about Freightos' financial health and its ability to sustain operations and invest in growth without additional capital infusion. In conclusion, Freightos in Q4 2024, struggled with managing its expenses relative to its revenue, resulting in a negative net income. The company needs to focus on cost management and potentially seek ways to increase revenue to improve its financial position.