- Freight Technologies ( NASDAQ: FRGT ) on Friday lowered adjusted full year 2022 revenue guidance.
- "While the distribution channel capacity scarcity improved and fuel price increases stabilized in the second quarter, we believe it is prudent to modify our full year guidance, and we continue to expect revenue to increase sequentially throughout the year," the company said.
- Adjusted full year 2022 revenue forecast is now between $32M and $36M from about $40M.
- Fr8Tech quarterly revenue rose 45% Y/Y to $8.5 million.
- ( FRGT ) is down 3.8% to $1.76.
For further details see:
Freight Technologies lowers 2022 revenue forecast