--------- --------- ---------- ----------
(a) Acquisition of an initially
consolidated subsidiary:
Working capital (excluding cash
and cash equivalents) $ (1,271) $ - $ (1,271) $ -
Property and equipment 51 - 51 -
Right-of-use assets 350 - 350 -
Intangible assets 3,538 - 3,538 -
Goodwill 2,546 - 2,546 -
Shares issued (885) - (885) -
Payable for acquisition of
subsidiary (629) - (629) -
Lease liabilities (350) - (350) -
--------- --------- ---------- ----------
Acquisition of a subsidiary, net
of cash acquired $ 3,350 $ - $ 3,350 $ -
--------- --------- ---------- ----------
(b) Significant non-cash
transactions:
Right-of-use asset recognized
with corresponding lease
liability $ - $ 78 $ - $ 239
--------- --------- ---------- ----------
Issuance of shares for previous
acquisition of a subsidiary $ - $ - $ - $ 113
--------- --------- ---------- ----------
RECONCILIATION OF IFRS TO NON-IFRS GROSS PROFIT AND GROSS MARGIN
(in thousands, except gross margin data)
Three Months Ended Nine Months Ended
September 30, September 30,
2024 2023 2024 2023
--------- --------- ---------- -------
(unaudited) (unaudited)
IFRS gross profit $ 4,023 $ 2,802 $ 11,047 $ 8,530
Add:
Share-based compensation 123 432 313 591
Depreciation and amortization 349 315 972 871
--------- --------- ---------- -------
Non-IFRS gross profit $ 4,495 $ 3,549 $ 12,332 $ 9,992
--------- --------- ---------- -------
IFRS gross margin 65.0 % 54.9 % 64.2 % 56.8 %
--------- --------- ---------- -------
Non-IFRS gross margin 72.7 % 69.5 % 71.7 % 66.5 %
--------- --------- ---------- -------
RECONCILIATION OF IFRS OPERATING LOSS TO ADJUSTED EBITDA
(in thousands)
Three Months Ended Nine Months Ended
September 30, September 30,
2024 2023 2024 2023
--------- --------- ---------- ----------
(unaudited) (unaudited)
Operating loss $ (4,862) $ (9,292) $ (14,910) $ (73,158)
Add:
Share-based compensation 982 3,375 2,576 4,503
Depreciation and amortization 803 719 2,213 2,081
Share listing expense - - - 46,717
Non-recurring expenses - - - 499
Transaction-related costs - - - 3,703
Changes in the fair value of
contingent consideration - - - (642)
Acquisition-related costs 283 - 283 -
Reorganization - 884 - 884
Operating expense settled by
issuance of shares - 184 351 184
--------- --------- ---------- ----------
Adjusted EBITDA $ (2,794) $ (4,130) $ (9,487) $ (15,229)
--------- --------- ---------- ----------
Adjusted EBITDA margins -45 % -81 % -55 % -101 %
RECONCILIATION OF IFRS LOSS TO NON-IFRS LOSS AND LOSS PER SHARE
(in thousands, except share and per share data)
Three Months Ended Nine Months Ended
September 30, September 30,
2024 2023 2024 2023
---------- ---------- ---------- ----------
(unaudited) (unaudited)
IFRS loss attributable to
ordinary shareholders $ (2,724) $ (7,160) $ (12,654) $ (62,158)
Add:
Share-based compensation 982 3,375 2,576 4,503
Depreciation and amortization 803 719 2,213 2,081
Share listing expense - - - 46,717
Non-recurring expenses - - - 499
Transaction-related costs - - - 3,703
Changes in the fair value of
contingent consideration - 109 (6) (794)
Acquisition-related costs 283 - 283 -
Reorganization - 884 - 884
Operating expense settled by
issuance of shares - 184 351 184
Change in fair value of
warrants (1,485) (1,577) (445) (8,981)
---------- ---------- ---------- ----------
Non IFRS loss $ (2,141) $ (3,466) $ (7,682) $ (13,362)
---------- ---------- ---------- ----------
Non IFRS basic and diluted
loss per Ordinary share $ (0.04) $ (0.07) $ (0.16) $ (0.32)
---------- ---------- ---------- ----------
Weighted average number of
shares outstanding used to
compute basic and diluted
loss per share 48,846,805 47,591,775 48,321,451 43,839,445
Logo - https://mma.prnewswire.com/media/2319256/4496202/Freightos_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/freightos-reports-third-quarter-2024-results-revenue-up-21-record-since-going-public-302315293.html
SOURCE Freightos
/CONTACT: +972-55-666-4371
(END) Dow Jones Newswires
November 25, 2024 07:00 ET (12:00 GMT)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.