A newly minted public B2B marketplace for air and ocean freight that brings together shippers and freighters is coming off a mixed first quarter.

For the first three months of the year, Freightos Ltd., a Jerusalem-based B2B marketplace company that made its initial public offering on NASDAQ in January, posted gross booking value of $168.7 million and a 29% increase in what the company calls unique buyer users.

Freightos revenue

But Freightos’ first quarter’s revenue was …