Freight Technologies, Inc. (FRGT) AI Stock Summary
Shrinking revenue, reverse splits, heavy dilution
Updated
Snapshot
Fr8Tech is a tiny freight-tech micro-cap worth about $140K. FY 2025 revenue fell 4.9% to $13.1M, the third straight year of decline from $17.1M in 2023. The company lost $7.9M and burned $4.5M in cash, while holding just $347K in cash against $3.4M in debt. It has undergone two reverse splits in the past year.
What's Happening Right Now
- Fri 18th Sep '26 · Product launch: On Sep 18, 2026, Fr8Tech launched an AI module in Fleet Rocket that automatically reads and verifies proof-of-delivery documents, part of its push toward a software-first business.
- Fri 14th Aug '26 · Product launch: On Aug 14, 2026, Fr8Tech integrated its Fleet Rocket TMS with Highway to automate carrier compliance and onboarding verification.
- Tue 28th Jul '26 · Product expansion: On Jul 28, 2026, Fr8Tech expanded Fleet Rocket's GPS integrations to 92 providers across the U.S. and Mexico.
- Sat 18th Jul '26 · Dilutive financing: On Jul 18, 2026, the company sold $1.2M of Series C preferred shares convertible into common stock as low as $0.7764, and used proceeds from a new loan to pay off its prior credit facility.
- Wed 15th Jul '26 · Restructuring: On Jul 15, 2026, Fr8Tech cut its workforce and scaled back brokerage operations to pivot toward a software-only model, while raising $1.2M in preferred stock and a $2.5M term loan to shore up liquidity; cash was only about $285K as of June 30.
Bottom Line
Fr8Tech is a very small, cash-strapped logistics-software company whose revenue has shrunk for three straight years while losses have stayed large relative to that revenue. Two reverse splits in twelve months and a recent preferred-share raise point to a stock under sustained pressure and repeated dilution. A 10% owner, HRT Financial, fully exited its position after a small purchase and larger sale within days, though at this company's tiny size both trades are modest in dollar terms. The product news (TMS integrations, AI features) shows ongoing development, but nothing here reverses the financial trajectory.