Maria Heeter / The Information:

Sources: in H1 2023, Flexport burned ~$300M and its revenue fell nearly 70% to $700M; founder Ryan Petersen, back as the CEO, says Flexport has $1B+ in net cash  —  Flexport's revenue fell nearly 70% in the first half of the year to $700 million and the company burned through cash, people familiar with the company's financials said.

Maria Heeter / The Information:

Sources: in H1 2023, Flexport burned ~$300M and its revenue fell nearly 70% to $700M; founder Ryan Petersen, back as the CEO, says Flexport has $1B+ in net cash  —  Flexport's revenue fell nearly 70% in the first half of the year to $700 million and the company burned through cash, people familiar with the company's financials said.

Source: TechMeme
Source Link: http://www.techmeme.com/230914/p32#a230914p32