Freight Technologies Gains 16% On Q3 Revenue Growth, FY22 Outlook

Freight Technologies, Inc. (FRGT) shares are climbing more than 16 percent on Monday morning trade after the company announced third-quarter revenue growth of 38 percent from the previous year and projects revenue growth for the full year from the previous year.

The company reported quarterly revenue of $7.7 million, compared to $5.6 million last year.

For the full year, the company now expects revenue $29-$30 million, up 35-40 percent from the prior years' revenue of $21.5 million.

Currently, shares are at $0.3558, up 16.19 percent from the previous close of $0.30 on a volume of 7,183,170.

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