FRGT
Income statement / Annual
Last year (2023), Freight Technologies, Inc.'s total revenue was $17.06 M,
a decrease of 34.10% from the previous year.
In 2023, Freight Technologies, Inc.'s net income was -$9.33 M.
See Freight Technologies, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$17.06 M
|
$25.89 M
|
$21.47 M
|
$9.21 M
|
$4.18 M
|
$3.25 M
|
$29.20 M
|
$18.62 M
|
$9.73 M
|
| Cost of Revenue |
$22.08 M |
$23.63 M |
$19.56 M |
$8.41 M |
$3.85 M |
$2.93 M |
$729,752.00 |
$390,051.00 |
$243,411.00 |
| Gross Profit |
-$5.02 M |
$2.26 M |
$1.92 M |
$794,371.00 |
$331,069.00 |
$317,981.00 |
$28.47 M |
$18.23 M |
$9.49 M |
| Gross Profit Ratio |
-0.29 |
0.09 |
0.09 |
0.09 |
0.08 |
0.1 |
0.98 |
0.98 |
0.97 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$3.51 M
|
$92,683.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$3.16 M
|
$8.52 M
|
$6.33 M
|
$4.95 M
|
$2.61 M
|
$1.83 M
|
$3.17 M
|
$0.00
|
$0.00
|
| Selling & Marketing
Expenses |
$80,328.00
|
$557,471.00
|
$91,657.00
|
$23,622.00
|
$130,641.00
|
$20,234.00
|
$371,383.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$3.24 M
|
$9.08 M
|
$6.42 M
|
$4.97 M
|
$2.74 M
|
$1.85 M
|
$3.54 M
|
$0.00
|
$0.00
|
| Other Expenses |
$0.00 |
$243,334.00 |
$302,100.00 |
$531,027.00 |
$659,961.00 |
$534,543.00 |
-$3.63 M |
-$1.58 M |
-$1.72 M |
| Operating Expenses |
$3.24 M |
$9.32 M |
$6.72 M |
$5.50 M |
$3.40 M |
$2.39 M |
$3.63 M |
$1.58 M |
$1.72 M |
| Cost And Expenses |
$25.32 M |
$32.95 M |
$26.28 M |
$13.92 M |
$7.25 M |
$5.31 M |
$4.36 M |
$1.97 M |
$1.96 M |
| Interest Income |
$0.00 |
$25,000.00 |
$755.00 |
$334,170.00 |
$90.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$807,939.00 |
$907,013.00 |
$1.14 M |
$334,170.00 |
$428,773.00 |
$340,481.00 |
$0.00 |
$0.00 |
$0.00 |
| Depreciation &
Amortization |
$404,598.00
|
$243,334.00
|
$3,201.00
|
$1,179.00
|
$62,358.00
|
$59,907.00
|
$39,314.00
|
$9,979.00
|
$8,259.00
|
| EBITDA |
-$8.01 M
|
-$6.95 M
|
-$4.79 M
|
-$4.70 M
|
-$3.05 M
|
-$2.01 M
|
$24.72 M
|
$16.35 M
|
$7.49 M
|
| EBITDA Ratio |
-0.47 |
-0.26 |
-0.34 |
-0.45 |
-0.58 |
-0.47 |
0.85 |
0.89 |
0.8 |
| Operating Income Ratio
|
-0.48
|
-0.27
|
-0.22
|
-0.51
|
-0.73
|
-0.64
|
0.85
|
0.89
|
0.8
|
| Total Other
Income/Expenses Net |
-$961,460.00
|
-$1.04 M
|
-$3.35 M
|
-$1.12 M
|
-$428,683.00
|
-$340,481.00
|
-$155,167.00
|
-$301,611.00
|
-$286,276.00
|
| Income Before Tax |
-$9.22 M |
-$8.10 M |
-$8.16 M |
-$5.83 M |
-$3.50 M |
-$2.41 M |
$24.68 M |
$16.34 M |
$7.48 M |
| Income Before Tax Ratio
|
-0.54
|
-0.31
|
-0.38
|
-0.63
|
-0.84
|
-0.74
|
0.85
|
0.88
|
0.77
|
| Income Tax Expense |
$104,948.00 |
$90,511.00 |
$40,264.00 |
$23,051.00 |
$9,981.00 |
-$1.70 M |
$633,315.00 |
$2.45 M |
$1.87 M |
| Net Income |
-$9.33 M |
-$8.19 M |
-$8.20 M |
-$5.85 M |
-$3.51 M |
-$2.41 M |
$24.05 M |
$13.89 M |
$5.61 M |
| Net Income Ratio |
-0.55 |
-0.32 |
-0.38 |
-0.64 |
-0.84 |
-0.74 |
0.82 |
0.75 |
0.58 |
| EPS |
-7.79 |
-20.96 |
-41.44 |
-20.1 |
-17.43 |
-11.98 |
126.69 |
76.39 |
30.87 |
| EPS Diluted |
-7.79 |
-20.96 |
-40.97 |
-20.1 |
-17.43 |
-11.98 |
126.69 |
76.39 |
30.87 |
| Weighted Average Shares
Out |
$1.20 M
|
$390,562.00
|
$197,872.00
|
$291,188.00
|
$201,037.00
|
$201,037.00
|
$189,824.00
|
$181,818.00
|
$181,818.00
|
| Weighted Average Shares
Out Diluted |
$1.20 M
|
$390,562.00
|
$200,176.00
|
$291,188.00
|
$201,037.00
|
$201,037.00
|
$189,824.00
|
$181,818.00
|
$181,818.00
|
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