Freight Technologies Inc. (NASDAQ: FRGT) Reports 30% YOY Revenue Growth for Q1 2024; Projects $25-$30m Annual Revenue for 2024
Fr8Tech, a tech company on a mission to revolutionize cross-border shipping, just posted 30% year-over-year (“YOY”) revenue growth and a 278% YOY growth in Fr8Fleet volume for Q1 2024 This growth was attributed to the addition of the Fr8Fleet offering in 2022, which sought to address specific customer needs The company looks to build on this success by fostering even stronger relationships with existing customers and adding new customers to its network Its management believes that this approach will be integral in realizing its $25-$30 million annual revenue projection for the 2024 financial year Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a tech…