Freightos Reports Second Quarter 2025 Results
Freightos (NASDAQ: CRGO), a digital booking platform for international freight, reported strong Q2 2025 financial results. Revenue reached $7.4 million, up 31% year-over-year, with a record 397,000 transactions, marking the 22nd consecutive quarter of record transactions.
Key metrics showed significant growth with Gross Booking Value reaching $317 million, up 56% YoY. The platform expanded to 75 carriers, adding China Airlines and Air Europa. The company maintains its goal of reaching breakeven Adjusted EBITDA by end of 2026, despite an IFRS loss of $4.3 million in Q2.
For FY2025, Freightos projects revenue between $29.5-30.0 million (24-26% YoY growth) and transactions between 1,607-1,684 thousand (23-29% YoY growth).
Freightos (NASDAQ: CRGO), una piattaforma digitale per la prenotazione del trasporto internazionale, ha riportato solidi risultati finanziari nel 2掳 trimestre 2025. I ricavi hanno raggiunto $7,4 milioni, in crescita del 31% su base annua, con un record di 397.000 transazioni, segnando il 22掳 trimestre consecutivo con record di transazioni.
Le metriche chiave hanno evidenziato una crescita significativa con il Gross Booking Value pari a $317 milioni, in aumento del 56% YoY. La piattaforma si 猫 ampliata fino a 75 vettori, aggiungendo China Airlines e Air Europa. L'azienda conferma l'obiettivo di raggiungere l'EBITDA rettificato in pareggio entro la fine del 2026, nonostante una perdita IFRS di $4,3 milioni nel secondo trimestre.
Per l'esercizio 2025, Freightos prevede ricavi tra $29,5-30,0 milioni (crescita YoY del 24-26%) e transazioni tra 1.607-1.684 mila (crescita YoY del 23-29%).
Freightos (NASDAQ: CRGO), una plataforma digital de reservas para transporte internacional, inform贸 s贸lidos resultados financieros en el 2T 2025. Los ingresos alcanzaron $7.4 millones, un 31% m谩s interanual, con un r茅cord de 397.000 transacciones, marcando el 22.潞 trimestre consecutivo con r茅cord de transacciones.
Las m茅tricas clave mostraron un crecimiento destacado, con el Gross Booking Value alcanzando $317 millones, un aumento del 56% interanual. La plataforma se ampli贸 a 75 transportistas, incorporando a China Airlines y Air Europa. La compa帽铆a mantiene su objetivo de alcanzar un EBITDA Ajustado en equilibrio para finales de 2026, pese a una p茅rdida IFRS de $4.3 millones en el 2T.
Para el ejercicio 2025, Freightos proyecta ingresos entre $29.5-30.0 millones (crecimiento interanual del 24-26%) y transacciones entre 1.607-1.684 mil (crecimiento interanual del 23-29%).
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頃奠嫭 歆�響滊弰 韥矊 靹膘灔頃橃棳 齑� 鞓堨暯 旮堨暋(Gross Booking Value) $317氚彪鞙茧 鞝勲厔 雽�牍� 56% 歃濌皜頄堨姷雼堧嫟. 頂岆灚韽检潃 75臧� 頃车靷�搿� 頇曥灔霅橃棃鞙茧┌ China Airlines鞕� Air Europa毳� 於旉皜頄堨姷雼堧嫟. 須岇偓電� 2攵勱赴 IFRS 旮办 靻愳嫟 $4.3氚彪鞐愲弰 攵堦惮頃橁碃 2026雲� 毵愱箤歆� 臁办爼 EBITDA(Adjusted EBITDA) 靻愳澋攵勱赴 雼劚 氇╉憸毳� 鞙犾頃橁碃 鞛堨姷雼堧嫟.
2025 須岅硠鞐半弰 鞝勲鞙茧 Freightos電� 毵れ稖鞚� $29.5-30.0氚彪(鞝勲厔 雽�牍� 24-26% 靹膘灔), 瓯半灅 瓯挫垬電� 1,607-1,684觳滉贝(鞝勲厔 雽�牍� 23-29% 靹膘灔)鞙茧 鞓堨儊頃╇媹雼�.
Freightos (NASDAQ: CRGO), plateforme digitale de r茅servation de fret international, a publi茅 de solides r茅sultats financiers pour le 2e trimestre 2025. Le chiffre d'affaires a atteint 7,4 M$, en hausse de 31 % sur un an, avec un record de 397 000 transactions, soit le 22e trimestre cons茅cutif de records de transactions.
Les indicateurs cl茅s ont montr茅 une croissance significative avec un Gross Booking Value de 317 M$, en hausse de 56 % sur un an. La plateforme s'est 茅tendue 脿 75 transporteurs, en ajoutant China Airlines et Air Europa. La soci茅t茅 maintient son objectif d'atteindre un EBITDA ajust茅 脿 l'茅quilibre d'ici fin 2026, malgr茅 une perte IFRS de 4,3 M$ au 2e trimestre.
Pour l'exercice 2025, Freightos pr茅voit un chiffre d'affaires compris entre 29,5 et 30,0 M$ (croissance annuelle de 24鈥�26 %) et des transactions entre 1 607 et 1 684 milliers (croissance annuelle de 23鈥�29 %).
Freightos (NASDAQ: CRGO), eine digitale Buchungsplattform f眉r internationalen Frachtverkehr, berichtete starke Ergebnisse f眉r das 2. Quartal 2025. Der Umsatz stieg auf $7,4 Millionen, ein Plus von 31 % im Jahresvergleich, bei einem Rekord von 397.000 Transaktionen, womit das 22. Quartal in Folge mit Rekordtransaktionszahlen erzielt wurde.
Wichtige Kennzahlen zeigten deutliches Wachstum: Der Gross Booking Value erreichte $317 Millionen, ein Anstieg von 56 % gegen眉ber dem Vorjahr. Die Plattform wurde auf 75 Carrier ausgeweitet, darunter China Airlines und Air Europa. Das Unternehmen h盲lt an seinem Ziel fest, bis Ende 2026 ein ausgeglichenes bereinigtes EBITDA (Adjusted EBITDA) zu erreichen, trotz eines IFRS-Verlusts von $4,3 Millionen im 2. Quartal.
F眉r das Gesch盲ftsjahr 2025 prognostiziert Freightos einen Umsatz von $29,5-30,0 Millionen (24鈥�26 % YoY-Wachstum) und Transaktionen zwischen 1.607鈥�1.684 Tausend (23鈥�29 % YoY-Wachstum).
- Revenue increased 31% YoY to $7.4 million in Q2 2025
- Record 397,000 transactions, up 26% YoY
- Gross Booking Value grew 56% YoY to $317 million
- IFRS Gross Margin improved to 67.1% from 64.9% YoY
- Carrier network expanded to 75 with notable additions
- Unique buyer users grew 6% YoY to 20,200
- IFRS loss of $4.3 million in Q2 2025
- Negative Adjusted EBITDA of $2.9 million
- Currency fluctuations impacting Adjusted EBITDA performance
- More measured enterprise spending observed in the market
Insights
Freightos shows strong 31% revenue growth, narrows losses, and raises transaction forecast despite global trade challenges.
Freightos delivered robust Q2 2025 results with revenue reaching
The company's improved gross margins are particularly noteworthy鈥擨FRS gross margin expanded to
Freightos continues to narrow its losses, with IFRS loss improving to
What's driving this growth? The platform expanded its carrier network from 71 to 75, adding key airlines like China Airlines and Air Europa. This network expansion, coupled with a
Management has raised its full-year transaction guidance to 1,607-1,684 thousand (previously forecasting
The digital freight platform appears to be successfully executing its strategy of building network effects through growing both sides of its marketplace鈥攁dding new carriers while expanding its buyer base鈥攃reating a virtuous cycle that's reflected in accelerating GBV growth (
- Second quarter revenue up
31% year-over-year, exceeding management expectations - Updated full-year outlook: increased transaction forecast and tightened financial metrics ranges
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"Freightos continues to solidify its position as a leader in the end-to-end digital transformation of the international freight industry, achieving robust second-quarter results with a
"Our second-quarter performance reflects a strong revenue increase, surpassing our expectations and underscoring our ability to adapt and grow in challenging market conditions. Adjusted EBITDA was in line with our expectations and would have exceeded expectations if it wasn't for the appreciation of the EUR and other currencies against the USD," said Pablo Pinillos, CFO of Freightos. "Looking ahead to the second half of the year, currency rate fluctuations may continue moderately impacting Adjusted EBITDA, but will have little effect on our closing cash position, thanks to effective hedging. Overall, our revised outlook reflects optimism about Transactions and revenue growth, and our commitment to rigorous financial discipline. We remain steadfast in our goal to reach breakeven Adjusted EBITDA by the end of 2026."
Second Quarter 2025 Financial Highlights
- Revenue of
$7.4 million 31% compared to$5.7 million - IFRS Gross Margin of
67.1% , up from64.9% in the second quarter of 2024. Non-IFRS Gross Margin of73.5% , up from72.0% for the second quarter of 2024. - IFRS loss of
$4.3 million $5.3 million - Adjusted EBITDA of negative
$2.9 million $3.1 million - Cash and cash equivalents and short-term bank deposit amounting to
$34.1 million
Recent Business Highlights
- Transactions Growth: Freightos achieved a record 397 thousand Transactions in the second quarter of 2025, up
26% year over year. This was the 22nd consecutive quarter of record Transactions. - Carrier Growth: The number of carriers selling on the platform increased from 71 in the first quarter of 2025 to 75 in the second quarter, reflecting the addition of prominent airlines such as China Airlines and Air Europa, along with specialized sellers that enhance the platform's service diversity.
- Unique Buyer Users: The number of Unique buyer users digitally booking freight services across the platform grew by
6% compared to the second quarter of 2024, reaching approximately 20,200. - Gross Booking Value Growth: Gross Booking Value (GBV) was
$317 million 56% compared to the second quarter of 2024. This growth was supported by higher transaction volumes and strong contribution from the portal component. - Revenue Growth: Second quarter revenue of
$7.4 million 31% from the second quarter of 2024. The main contributors to the growth were the addition of Shipsta and strong organic performance from SaaS solutions and from customs clearance services, on top of continued solid growth of the WebCargo by Freightos platform. Total Platform revenue in the second quarter was$2.5 million 23% from the second quarter of 2024, and Solutions revenue was$4.9 million 36% year over year.
Financial Outlook
Management Expectations | ||
Q3 2025 | FY 2025 | |
Transactions (k) | 419 - 425 | 1,607 - 1,684 |
Year over Year Growth | ||
GBV ($m) | 329 - 333 | 1,251 - 1,266 |
Year over Year Growth | ||
Revenue ($m) | 7.6 - 7.7 | 29.5 - 30.0 |
Year over Year Growth | ||
Adjusted EBITDA ($m) | (2.6) - (2.5) | (10.9) - (10.5) |
This outlook assumes freight price levels and market freight volumes as of August 2025 | ||
Further financial details are included as an appendix below.
Earnings Webcast
Freightos' management, and new Chairman Dr. Udo Lange, will host a webcast and conference call to discuss the results today, August 18, 2025, at 8:30 a.m. EST. To participate in the call, please pre-register at the following link:
Following registration, you will be sent the link to the conference call which is accessible either via the Zoom app, or alternatively from a dial-in telephone number.
Questions may be submitted in advance to [email protected] or via Zoom during the call.
A replay of the webcast, as well as the conference call transcript, will be available on Freightos' Investor Relations website following the call.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements, which include the financial outlook of Freightos, are based on various assumptions, whether or not identified in this press release, and on the current expectations of Freightos, and are not predictions of actual performance. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Freightos. These forward-looking statements are subject to a number of risks and uncertainties, including: disruptions to the international freight industry, including those caused by global economic trends and policy changes, such as whether increased tariffs and protectionist trade policies being implemented by
Financial Information;听Non-IFRS Financial Measures
While certain financial figures included in this press release have been computed in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board, this press release does not contain sufficient information to constitute an interim financial report as defined in International Accounting Standards 34, "Interim Financial Reporting" nor a financial statement as defined by International Accounting Standards 1 "Presentation of Financial Statements".
This press release includes certain financial measures not presented in accordance with generally accepted accounting principles of the IFRS including, but not limited to, Adjusted EBITDA. These non-IFRS measures differ from the most directly comparable measures determined under IFRS. For the historical non-IFRS results included herein, we have provided tables at the end of this press release providing a reconciliation of those results to our results achieved under the most directly comparable IFRS measures. For the forward-looking, non-IFRS data included under "Financial outlook", we have not included such a reconciliation, because the reconciliation of forward-looking data cannot be prepared without unreasonable effort. Our results and forecasts expressed as non-IFRS measures should not be considered in isolation or as an alternative to revenue, net income, cash flows from operations or other measures of profitability, liquidity or performance under IFRS. You should be aware that the presentation of these measures may not be comparable to similarly-titled measures used by other companies. Freightos believes that Adjusted EBITDA and other non-IFRS measures provide useful information to investors and others in understanding and evaluating Freightos' operating results because they provide supplemental measures of our core operating performance and offer consistency and comparability with both our own past financial performance and with corresponding financial information provided by peer companies. These non-IFRS measures are presented to permit investors and others to more fully understand how management assesses our performance for internal planning and forecasting purposes.听
Certain monetary amounts, percentages and other figures included in this press release have been subject to rounding adjustments, and therefore may not sum due to rounding.
Glossary
We have provided below a glossary of certain terms used in this press release:
- Transactions: Number of bookings for freight services, and related services, placed by Buyers across the Freightos platform with third-party sellers and with Clearit. Sellers of Transactions include Carriers (that is, airlines, ocean liners and LCL consolidators) and also other providers of freight services such as trucking companies, freight forwarders, general sales agents, and air master loaders. The number of transactions booked on the Freightos platform in any given time period is net of transactions that were canceled prior to the end of the period. Transactions booked on white label portals hosted by Freightos are included if there is a transactional fee associated with them.
- Carriers: Number of unique air and ocean carriers, mostly airlines, that have been sellers of transactions. For airlines, we count booking carriers, which include separate airlines within the same carrier group. We do not count dozens of other airlines that operate individual segments of air cargo transactions, as we do not have a direct booking relationship with them. Carriers include ocean less-than-container load (LCL) consolidators. In addition, we only count carriers when more than five bookings were placed with them over the course of a quarter.
- Unique buyer users: Number of individual users placing bookings, typically counted based on unique email logins. The number of buyers, which counts unique customer businesses, does not reflect the fact that some buyers are large multinational organizations while others are small or midsize businesses. Therefore, we find it more useful to monitor the number of unique buyer users than the number of buyer businesses.
- GBV: Total value of transactions on the Freightos platform, which is the monetary value of freight and related services contracted between buyers and sellers on the Freightos platform, plus related fees charged to buyers and sellers, and pass-through payments such as duties. GBV is converted to
U.S. dollars at the time of each transaction on the Freightos platform. This metric may be similar to what others call gross merchandise value (GMV) or gross services volume (GSV). We believe that this metric reflects the scale of the Freightos platform and our opportunities to generate platform revenue. - Adjusted EBITDA: Loss before income taxes, finance income, finance expense, share-based compensation expense, depreciation and amortization operating expense settled by issuance of shares, and change in fair value of warrants.
- Platform revenue: Fees charged to buyers and sellers in relation to transactions executed on the Freightos platform. For bookings conducted by importers/exporters, our fees are typically structured as a percentage of booking value, depending on the mode and nature of the service. When freight forwarders book with carriers, the sellers often pay a pre-negotiated flat fee per transaction. When sellers transact with a buyer who is a new customer to the seller, we may charge a percentage of the booking value as a fee.
- Solutions revenue: Primarily subscription-based SaaS and data. It is typically priced per user or per site, per time period, with larger customers such as multinational freight forwarders or enterprise shippers often negotiating fixed, all-inclusive subscriptions. Revenue from our Solutions segment includes certain non-recurring revenue from services ancillary to our SaaS products, such as engineering, customization, configuration and go-live fees, and data services for digitizing offline data.
About听Freightos
Freightos庐 (Nasdaq: CRGO) is the leading vendor-neutral global freight booking platform. Airlines, ocean carriers, thousands of freight forwarders, and well over ten thousand importers and exporters connect on Freightos, making world trade efficient, agile, and resilient.
The听Freightos platform digitizes the trillion dollar international freight industry, supported by a suite of software solutions that span pricing, quoting, booking, shipment management, and payments for businesses of all shapes and sizes around the globe. Products include Freightos Enterprise for multinational importers and exporters, Freightos Marketplace for small importers and exporters, WebCargo and 7LFreight by WebCargo for freight forwarders, WebCargo for Airlines, and Clearit, a digital customs broker.
Freightos is a leading provider of real-time industry data听via Freightos Terminal, which includes the world's leading spot pricing indexes, Freightos Air Index (FAX) for air cargo and Freightos Baltic Index (FBX) for container shipping. Futures of FBX are traded on CME and SGX.
More information is available at听
Contacts
Media:
Tali Aronsky
[email protected]
Investors:
Anat Earon-Heilborn
[email protected]
CONSOLIDATED BALANCE SHEETS
(in thousands)
June 30, 2025 | December 31, 2024 | |
(unaudited) | ||
Assets | ||
Current Assets: | ||
Cash and cash equivalents | ||
User funds | 3,298 | 4,494 |
Trade receivables, net | 4,043 | 3,057 |
Short-term bank deposit | 14,168 | 27,153 |
Other receivables and prepaid expenses | 2,333 | 1,281 |
43,823 | 46,103 | |
Non-current Assets: | ||
Property and equipment, net | 301 | 420 |
Right-of-use assets, net | 2,005 | 1,191 |
Intangible assets, net | 8,018 | 8,852 |
Goodwill | 15,343 | 15,040 |
Deferred taxes | 519 | 536 |
Other long-term assets | 1,626 | 1,637 |
27,812 | 27,676 | |
Total assets | ||
Liabilities and Equity | ||
Current liabilities: | ||
Current maturity of lease liabilities | 832 | 615 |
Trade payables | 5,666 | 2,731 |
User accounts | 3,298 | 4,494 |
Warrants liabilities | 2,958 | 2,450 |
Accrued expenses and other short-term liabilities | 7,612 | 7,023 |
20,366 | 17,313 | |
Long Term Liabilities: | ||
Lease liabilities | 1,155 | 339 |
Employee benefit liabilities, net | 1,349 | 1,239 |
2,504 | 1,578 | |
Equity: | ||
Share capital | 1 | *) |
Share premium | 263,799 | 261,769 |
Foreign currency translation reserve | 316 | (307) |
Reserve from remeasurement of defined benefit plans | 96 | 96 |
Accumulated deficit | (215,447) | (206,670) |
Total equity | 48,765 | 54,888 |
Total liabilities and equity | ||
*) Represents an amount lower than | ||
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CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except share and per share data)
Three Months Ended | Six Months Ended | |||
June 30, | June 30, | |||
2025 | 2024 | 2025 | 2024 | |
(unaudited) | (unaudited) | |||
Revenue | ||||
Cost of revenue | 2,445 | 1,984 | 4,751 | 3,989 |
Gross profit | 4,993 | 3,674 | 9,632 | 7,024 |
Operating expenses: | ||||
Research and development | 3,031 | 2,435 | 5,914 | 4,901 |
Selling and marketing | 3,853 | 3,267 | 7,536 | 6,829 |
General and administrative | 2,623 | 2,536 | 5,377 | 5,342 |
Total operating expenses | 9,507 | 8,238 | 18,827 | 17,072 |
Operating loss | (4,514) | (4,564) | (9,195) | (10,048) |
Change in fair value of warrants | (285) | (1,324) | (508) | (1,040) |
Finance income | 578 | 637 | 1,153 | 1,275 |
Finance expenses | (19) | (70) | (134) | (137) |
Financing income, net | 559 | 567 | 1,019 | 1,138 |
Loss before taxes on income | (4,240) | (5,321) | (8,684) | (9,950) |
Income taxes (tax benefit), net | 38 | (7) | 93 | (20) |
Loss | (4,278) | (5,314) | (8,777) | (9,930) |
Other comprehensive income (net of tax effect): | ||||
Amounts that will be or that have been reclassified to | ||||
Adjustments arising from translating financial | 433 | - | 623 | - |
Total comprehensive loss | $ 听(3,845) | $ 听(5,314) | $ 听(8,154) | $ 听(9,930) |
Basic and diluted loss per Ordinary share | $ 听(0.09) | $ 听(0.11) | $ 听(0.18) | $ 听(0.21) |
Weighted average number of shares outstanding | 50,291,610 | 48,151,487 | 50,084,401 | 48,057,015 |
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CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
Three Months Ended | Six Months Ended | |||
June 30, | June 30, | |||
2025 | 2024 | 2025 | 2024 | |
(unaudited) | (unaudited) | |||
Cash flows from operating activities: | ||||
Loss | ||||
Adjustments to reconcile net loss to net cash used in | ||||
Adjustments to profit or loss items: | ||||
Depreciation and amortization | 806 | 706 | 1,744 | 1,410 |
Operating expense settled by issuance of shares | - | - | - | 351 |
Change in fair value of warrants | 285 | 1,324 | 508 | 1,040 |
Changes in the fair value of contingent consideration | - | (6) | - | (6) |
Share-based compensation | 811 | 751 | 1,508 | 1,594 |
Finance income, net | (559) | (561) | (1,019) | (1,132) |
Income taxes (tax benefit), net | 38 | (7) | 93 | (20) |
1,381 | 2,207 | 2,834 | 3,237 | |
Changes in asset and liability items: | ||||
Decrease (increase) in user funds | 93 | 508 | 1,261 | (298) |
Increase (decrease) in user accounts | (93) | (508) | (1,261) | 298 |
Increase in other receivables and prepaid expenses | (261) | (844) | (495) | (778) |
Increase in trade receivables | (77) | (311) | (778) | (495) |
Increase in other long-term assets | (73) | - | (73) | - |
Increase (decrease) in trade payables | (74) | 94 | 2,862 | 481 |
Increase in accrued severance pay, net | 19 | 44 | 68 | 114 |
Increase in accrued expenses and other short-term | 506 | 718 | 152 | 696 |
40 | (299) | 1,736 | 18 | |
Cash received (paid) during the period for: | ||||
Interest received, net | 111 | 816 | 1,644 | 2,356 |
Taxes received (paid), net | (76) | (174) | 31 | (186) |
35 | 642 | 1,675 | 2,170 | |
Net cash used in operating activities | (2,822) | (2,764) | (2,532) | (4,505) |
Cash flows from investing activities: | ||||
Purchase of property and equipment | (58) | (9) | (74) | (17) |
Proceeds from sale of property and equipment | - | - | 25 | 2 |
Investment in long-term assets | (5) | (30) | (123) | (30) |
Withdrawal of long-term assets | 116 | 25 | 116 | 33 |
Withdrawal of (investment in) short-term bank | (14,000) | - | 12,000 | (6,000) |
Withdrawal of short term investments, net | - | 11,520 | - | 11,520 |
Net cash provided by (used in) investing activities | (13,947) | 11,506 | 11,944 | 5,508 |
Cash flows from financing activities: | ||||
Repayment of lease liabilities | (149) | (155) | (300) | (305) |
Exercise of options | 225 | 175 | 489 | 197 |
Net cash provided by (used in) financing activities | 76 | 20 | 189 | (108) |
Exchange differences on balances of cash and cash | 220 | (33) | 236 | (59) |
Gains from translation of cash and cash equivalents of | 17 | - | 26 | - |
Increase (decrease) in cash and cash equivalents | (16,456) | 8,729 | 9,863 | 836 |
Cash and cash equivalents at the beginning of the | 36,437 | 12,272 | 10,118 | 20,165 |
Cash and cash equivalents at the end of the period | ||||
(a) Significant non-cash transactions: | ||||
Right-of-use asset recognized with corresponding | $ - | $ - | ||
Receivables on account of exercise of options | ||||
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RECONCILIATION OF IFRS TO NON-IFRS GROSS PROFIT AND GROSS MARGIN
(in thousands, except gross margin data)
Three Months Ended | Six Months Ended | |||
June 30, | June 30, | |||
2025 | 2024 | 2025 | 2024 | |
(unaudited) | (unaudited) | |||
IFRS gross profit | ||||
Add: | ||||
Share-based compensation | 82 | 89 | 180 | 190 |
Depreciation and amortization | 392 | 312 | 775 | 623 |
Non-IFRS gross profit | ||||
IFRS gross margin | 67.1听% | 64.9听% | 67.0听% | 63.8听% |
Non-IFRS gross margin | 73.5听% | 72.0听% | 73.6听% | 71.2听% |
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RECONCILIATION OF IFRS LOSS TO ADJUSTED EBITDA
(in thousands , except adjusted EBITDA margin data)
Three Months Ended | Six Months Ended | |||
June 30, | June 30, | |||
2025 | 2024 | 2025 | 2024 | |
(unaudited) | (unaudited) | |||
IFRS loss | ||||
Add: | ||||
Change in fair value of warrants | 285 | 1,324 | 508 | 1,040 |
Financing income, net | (559) | (567) | (1,019) | (1,138) |
Tax benefit (income taxes), net | 38 | (7) | 93 | (20) |
Share-based compensation | 811 | 751 | 1,508 | 1,594 |
Depreciation and amortization | 806 | 706 | 1,744 | 1,410 |
Operating expense settled by issuance of shares | - | - | - | 351 |
Adjusted EBITDA | ||||
Adjusted EBITDA margins | -39听% | -55听% | -41听% | -61听% |
听
RECONCILIATION OF IFRS LOSS TO NON-IFRS LOSS AND LOSS PER SHARE
(in thousands, except share and per share data)
Three Months Ended | Six Months Ended | |||
June 30, | June 30, | |||
2025 | 2024 | 2025 | 2024 | |
(unaudited) | (unaudited) | |||
IFRS loss | ||||
Add: | ||||
Share-based compensation | 811 | 751 | 1,508 | 1,594 |
Depreciation and amortization | 806 | 706 | 1,744 | 1,410 |
Operating expense settled by issuance of | - | - | - | 351 |
Changes in the fair value of contingent | - | (6) | - | (6) |
Change in fair value of warrants | 285 | 1,324 | 508 | 1,040 |
Non IFRS loss | ||||
Non IFRS basic and diluted loss per | ||||
Weighted average number of shares | 50,291,610 | 48,151,487 | 50,084,401 | 48,057,015 |
听
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听
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