Freightos Ltd
No SEC Form 4 filings for $CRGO in the last 30 days.
Freightos reported Q1 revenue of $7.2 million, up 3% year over year, with non-IFRS gross margin of 73.5% and adjusted EBITDA loss of $2.8 million, management said was in line with expectations. Cash was $23.5 million. The company began a cost optimization plan in late March targeting ~$4.5 million annualized savings from Q4 2026 and adjusted EBITDA breakeven by end-2026, and updated its outlook for softer transaction growth.
Freightos (NASDAQ: CRGO) announced a leadership change with Pablo Pinillos promoted to CEO, alongside reporting Q1 transaction numbers that missed expectations due to geopolitical disruptions in the Middle East. To drive profitability, the company is implementing a cost optimization program, including a 15% workforce reduction, targeting $4.5 million in annualized savings to achieve adjusted EBITDA breakeven by late 2026. This strategy emphasizes a solutions-led approach and more selective investment in initiatives with clear customer value and monetization.
Andrea Indave Sesma, VP of Human Resources at Freightos Ltd (CRGO), disposed of 846 Ordinary Shares on April 16, 2026, at $1.85 per share. These transactions were "sale-to-cover" sales to meet tax liabilities arising from vesting restricted share units (RSUs). Following these dispositions, she retains significant equity holdings, including Ordinary Shares and stock options with various exercise prices and expiration dates.
