Freight Technologies, Inc. operates as a transportation logistics technology platform company. The company through its subsidiary, Freight App, Inc., provides B2B cross-border shipping marketplace in the NAFTA region powered by AI and machine learning. Its Fr8App uses proprietary technology platform to connect carriers and shippers and improve matching and operation efficiency via technologies, such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and capacity solutions. The company was formerly known as Hudson Capital Inc. and changed its name to Freight Technologies, Inc. in May 2022. Freight Technologies, Inc. is headquartered in The Woodlands, Texas.
Revenue of Freight Technologies, Inc. (FRGT)
Revenue in 2023 (TTM): $17.06 M
According to Freight Technologies, Inc.'s latest financial reports the company's current revenue (TTM) is $17.06 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Freight Technologies, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $17.06 M | $-5,017,231 | $-7,856,600 | $-9,222,658 | $-9,327,606 |
| 2022 | $25.89 M | $2.26 M | $-6,818,273 | $-8,096,671 | $-8,187,182 |
| 2021 | $21.47 M | $1.92 M | $-7,335,829 | $-8,160,541 | $-8,200,805 |
| 2020 | $9.21 M | $794.37 K | $-4,178,842 | $-5,828,925 | $-5,851,976 |
| 2019 | $4.18 M | $331.07 K | $-2,406,311 | $-3,495,045 | $-3,505,026 |
| 2018 | $3.25 M | $317.98 K | $-1,532,939 | $-2,407,963 | $-2,407,963 |
| 2017 | $29.2 M | $28.47 M | $24.88 M | $24.68 M | $24.05 M |
| 2016 | $18.62 M | $18.23 M | $16.65 M | $16.34 M | $13.89 M |
| 2015 | $9.73 M | $9.49 M | $7.78 M | $7.48 M | $5.61 M |