Frieght Transportation Brokerage was Freight Technologies’s largest product and service line in fiscal 2023, bringing in $13.47M of $17.06M (79%).
| Product and Service | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2022 | FY 2023 |
|---|---|---|---|---|---|---|
| Frieght Transportation Brokerage | — | $23.47M | $13.47M | |||
| Third Parties | $618 | — | — | |||
| Dedicated Capacity | — | $2.42M | $3.59M | |||
| Total | $618 | $25.89M | $17.06M |
Freight Technologies brought in $17.06M from its two product and service lines in fiscal 2023, the year ended December 31, 2023. That was down 34.1% from $25.89M in fiscal 2022. Frieght Transportation Brokerage was the largest at $13.47M (79.0%), ahead of Dedicated Capacity at $3.59M (21.0%).
Compared with fiscal 2022, Dedicated Capacity grew 48.2% to $3.59M, while Frieght Transportation Brokerage fell 42.6% to $13.47M.
Freight Technologies began breaking out Frieght Transportation Brokerage in fiscal 2022 and Dedicated Capacity in fiscal 2022. Freight Technologies stopped reporting Third Parties as a separate line after fiscal 2020, when it brought in $618.
United States was Freight Technologies’s largest region in fiscal 2023, bringing in $9.87M of $17.06M (58%).
| Geography | FY 2022 | FY 2023 |
|---|---|---|
| United States | $20.07M | $9.87M |
| Mexico | $5.82M | $7.19M |
| Total | $25.89M | $17.06M |
Freight Technologies brought in $17.06M from its two regions in fiscal 2023, the year ended December 31, 2023. That was down 34.1% from $25.89M in fiscal 2022. United States was the largest at $9.87M (57.9%), ahead of Mexico at $7.19M (42.1%).
Compared with fiscal 2022, Mexico grew 23.6% to $7.19M, while United States fell 50.8% to $9.87M.
Freight Technologies (FRGT) reports its revenue by product and service and by geography. In fiscal 2023, Frieght Transportation Brokerage was its largest product and service line, bringing in $13.47M (79.0% of the total), followed by Dedicated Capacity at $3.59M (21.0%).
Frieght Transportation Brokerage was Freight Technologies' largest product and service line in fiscal 2023, bringing in $13.47M, or 79.0% of the $17.06M total across its two product and service lines.
United States was Freight Technologies' largest region in fiscal 2023, bringing in $9.87M, or 57.9% of the $17.06M total across its two regions.
Dedicated Capacity grew faster than Frieght Transportation Brokerage in fiscal 2023, up 48.2% from $2.42M to $3.59M. Frieght Transportation Brokerage fell 42.6% to $13.47M.
Every figure comes from Freight Technologies' annual financial filings, as reported. Each line keeps the name Freight Technologies gives it, and years follow its fiscal calendar.
Freight Technologies' revenue by product and service goes back to fiscal 2017, with figures through fiscal 2023. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.