Freight Tech | 8-K: FY2025 Q2 Revenue: USD 2.99 M

Revenue: As of FY2025 Q2, the actual value is USD 2.99 M.

EPS: As of FY2025 Q2, the actual value is USD 0.02.

EBIT: As of FY2025 Q2, the actual value is USD 668.48 K.

Financial Highlights

Net Profit

• Achieved a net profit of $649 thousand, representing a 21.7% net profit margin for the three months ended June 30, 2025.

Operating Loss

• Operating loss improved year-over-year from -$1.7 million in Q2 2024 to -$1.5 million in Q2 2025, attributed to a higher margin brokerage business and lower operating expenses.

Cash Position

• For the six months ended June 30, 2025, the company increased its cash position, lowered interest expense, and increased its equity position.

Revenue

• Revenue for the three months ended June 30, 2025, was $2,989,910, compared to $3,837,842 for the same period in 2024.
• Revenue for the six months ended June 30, 2025, was $7,090,550, compared to $8,125,602 for the same period in 2024.

Cost of Revenue

• Cost of revenue for the three months ended June 30, 2025, was $2,534,689, compared to $3,113,444 for the same period in 2024.
• Cost of revenue for the six months ended June 30, 2025, was $6,127,989, compared to $7,170,071 for the same period in 2024.

Operating Costs

• Total cost and expenses for the three months ended June 30, 2025, were $4,460,881, compared to $5,542,793 for the same period in 2024.
• Total cost and expenses for the six months ended June 30, 2025, were $10,025,622, compared to $11,914,299 for the same period in 2024.

Cash Flow

• Net cash used in operating activities for the six months ended June 30, 2025, was -$5,039,217, compared to -$4,857,126 for the same period in 2024.
• Net cash used in investing activities for the six months ended June 30, 2025, was -$984,831, compared to -$173,879 for the same period in 2024.
• Net cash provided by financing activities for the six months ended June 30, 2025, was $6,407,563, compared to $3,923,593 for the same period in 2024.

2025 Annual Outlook

• The company is lowering its revenue and operating margin outlook for 2025 due to its transition to focus on higher margin software sales and AI innovations, selective customer engagement with freight brokerage services, and potential economic impact of higher tariffs on US-Mexico cross-border trade.
• Revised outlook for the full year 2025: Revenue: $13 million to $16 million; Operating Loss: -$4.5 million to -$6.3 million.