Freight Technologies Inc. reported its first-quarter 2025 financial results, highlighting several improvements and strategic advancements. The company recorded a year-over-year increase in its gross margin percentage, rising to 12.4% in Q1 2025 from 5.4% in Q1 2024. This improvement was attributed to a focus on profitable routes in the cross-border and domestic spot markets and efficiencies in dedicated services. Additionally, cash flow from operations improved by $0.2 million to ($3.1) million in Q1 2025 from ($3.3) million in Q1 2024, primarily driven by improved margins. The company's net loss also showed a year-over-year improvement, decreasing by $0.7 million to ($1.6) million in Q1 2025 from ($2.3) million in Q1 2024, supported by higher gross margins and lower operating expenses. In terms of business operations, Freight Technologies launched Fleet Rocket, a cost-effective Transportation Management System $(TMS.AU)$ software solution designed to optimize freight brokerage and shipping operations. The company also introduced several new features and capabilities for Fr8App and Fr8Fleet, including an AI-powered Tendering Bot, a mobile app for dispatchers, and updated tracking integrations. Freight Technologies has started the Fr8Tech AI Lab in partnership with the University of Monterrey to further develop AI-based technologies for logistics operations. Additionally, the company purchased $5.2 million of FET tokens to establish a cryptocurrency treasury and collaborate with the Fetch Foundation on AI-driven product developments. Looking ahead to the 2025 annual outlook, the company has adjusted its revenue and margin expectations due to the anticipated economic impact of higher tariffs on US-Mexico cross-border trade. The revised outlook projects revenue between $20 million and $23 million, gross profit between $2 million and $2.8 million, and an operating loss ranging from -$4.2 million to -$5.5 million. Despite these challenges, the company aims to recover cross-border volume with domestic shipments across its platforms.