Maria Heeter / The Information:

Sources: Flexport revenue fell ~70% in H1 2023 to $700M and it burned ~$300M in cash; founder Ryan Petersen, who has returned as CEO, says it has $1B+ 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: Flexport revenue fell ~70% in H1 2023 to $700M and it burned ~$300M in cash; founder Ryan Petersen, who has returned as CEO, says it has $1B+ 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