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HUSN - Hudson Capital unit reports higher preliminary revenue in Q1
Hudson Capital Inc.
Hudson Capital (NASDAQ:HUSN) wholly-owned subsidiary Freight App.'s preliminary Q1 revenue was $5.3M, up from $4.8M Y/Y. FY22 revenue guidance was reiterated at ~$40M. "Driver shortages and high fuel prices negatively impacted margins during 2022. As gas prices stabilize throughout the year, we expect to improve margins," CEO Javier Selgas said. Source: Press Release