Freelancer’s Q324 business update confirmed an increase in gross marketplace volume (GMV) of 26% y-o-y, boosted by a US$50m Escrow.com transaction during the quarter. Operating cash inflow more than doubled over the year, resulting in a small sequential increase in cash to A$21.7m. The company noted that it generated a profit after tax for the quarter. While the Freelancer division saw a decline in GMV and cash receipts in Q3, the company has started to see encouraging signs that its efforts in ...
Freelancer reported a mixed performance in H124, with Escrow.com volumes down significantly after a very strong Q123, while the Freelancer platform benefited from growth in the Loadshift business. There are several promising opportunities in the enterprise business, including providing AI model training services and integration into new verticals within Escrow.com, that could reinvigorate growth from H224. Management is focused on making incremental improvements to the core marketplace platform ...
Freelancer’s Q124 results were mixed. Operationally, the company is seeing rising demand for AI specialists as customers seek affordable ways to develop proprietary AI. Notably, in Enterprise, the company delivered a large-scale AI pilot for a tech giant, sourcing 20,000 freelancers in 24 hours across 52 languages. This impressive achievement could lead to a substantial multi-year contract. Major initiatives across Loadshift and Escrow with leading organisations are set to be deployed over the c...
Freelancer’s FY23 results marked a key milestone as the group moved to positive operating EBITDA. Profitability was driven by lower opex than we anticipated as gross marketplace volume (GMV) and revenue declined due to a delayed recovery in the core retail platform and Escrow. Loadshift momentum following its transition to a more value-driven marketplace model, along with Enterprise growth, softened the size of the revenue decline. While Escrow volumes and revenue were down, lead indicators rema...
Freelancer achieved a key profitability target in Q323 by delivering positive operating EBITDA across divisions, leading to positive operating cash flow generation and an uplift in gross cash. Despite lower group gross merchandise value (GMV), revenue likely grew given the higher take rate of the marketplace division, where GMV increased. Near-term pipeline highlights include accelerating Enterprise momentum from US expansion and a Chinese retailer partnership, Loadshift's ongoing marketplace tr...
Freelancer.com is one of the world’s largest marketplaces for freelancers. Structural tailwinds such as increased digitisation, remote working and a more globalised economy are providing businesses with the opportunity to seamlessly access specialised talent at low cost. Management’s goal is to develop the Amazon of services; it currently operates in the labour, payments and freight markets, some of the largest markets globally. Our forecasts indicate a return to volume growth and a move to EBIT...
EQS-News: FREELANCER.COM Employers turn to freelancers to fill tech skill shortages following global layoffs, reports Freelancer.com 13.10.2022 / 15:00 CET/CEST The issuer is solely responsible for the content of this announcement. (ASX: FLN) (OTCQX: FLNCF), the world’s largest freelancing and crowdsourcing marketplace by number of users and jobs posted, today released its quarterly Fast 50 Index for Q3 2022 which reveals insights into the fastest growing freelance projects and most in-demand skills.The index, which is based on data from 296,000 jobs posted on between Jul...
EQS-News: FREELANCER.COM Freelancer wins US$6.7m task order with NASA and the National Institutes of Health in gene editing 29.09.2022 / 16:30 CET/CEST The issuer is solely responsible for the content of this announcement. (ASX: FLN, OTCQX: FLNCF), the world’s largest freelancing and crowdsourcing marketplace by number of users and jobs posted, today announced it has won a US$6.7 million task order for NASA and the National Institutes of Health (NIH) Office of the Director (OD) Division of Program Coordination, Planning, and Strategic Initiatives (DPCPSI) Office of Strateg...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
DGAP-News: Freelancer.com FREELANCER.COM PARTNERS WITH THE BUREAU OF RECLAMATION AND NASA TO IMPROVE HYDROPOWER SYSTEM RELIABILITY 21.06.2021 / 13:00 The issuer is solely responsible for the content of this announcement. (ASX: FLN), the world's largest freelancing and crowdsourcing marketplace, in partnership with Arrow Electronics, one of the world's largest electronic components distributors, has secured the US$250,000 Automated Maintenance of Protection Systems Challenge, for the .The aim of the challenge is to improve the reliability of hydropower plant generation by ...
Freelancer.com and Arrow Electronics have secured a NASA contract to help the Bureau of Reclamation improve the reliability of hydropower plant generation in the US.Sydney, Australia--(Newsfile Corp. - June 21, 2021) - (ASX: FLN), the world's largest freelancing and crowdsourcing marketplace, in partnership with Arrow Electronics, one of the world's largest electronic components distributors, has secured the US$250,000 Automated Maintenance of Protection Systems Challenge, for the . The aim of the challenge is to improve the reliability of hydropower plant generation by auto...
Two Directors at Freelancer Ltd bought 1,488,275 shares at between 0.510AUD and 0.550AUD. The significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors ove...
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