Freightos Limited (CRGO) released Loss for second quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled -$5.31 million, or -$0.11 per share. This compares with -$5.71 million, or -$0.12 per share, in last year's second quarter.
Excluding items, Freightos Limited reported adjusted earnings of -$2.54 million or -$0.05 per share for the period.
Analysts on average had expected the company to earn -$0.1 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 11.2% to $5.66 million from $5.09 million last year.
Freightos Limited earnings at a glance (GAAP) :
-Earnings (Q2): -$5.31 Mln. vs. -$5.71 Mln. last year.
-EPS (Q2): -$0.11 vs. -$0.12 last year.
-Revenue (Q2): $5.66 Mln vs. $5.09 Mln last year.
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