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Freelancer Ltd.
(Sydney:FLN)
Freelancer Ltd. (FLN) vs. S&P 500 (SPY)
Freelancer Ltd. Business Overview & Revenue Model
Freelancer Ltd. Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 51.00M | 53.33M | 55.66M | 57.42M | 58.77M | Gross Profit |
| 41.79M | 44.24M | 14.98M | 17.04M | 22.48M | EBIT |
| 4.54M | 4.79M | -6.08M | -2.40M | -298.00K | EBITDA |
| 54.00K | 4.79M | -905.00K | 1.78M | 5.60M | Net Income Common Stockholders |
| -814.00K | 189.00K | -5.41M | -2.26M | -646.00K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 23.16M | 21.15M | 23.36M | 30.32M | 34.34M | Total Assets |
| 83.96M | 88.68M | 97.05M | 105.33M | 103.69M | Total Debt |
| 12.40M | 17.15M | 21.20M | 21.91M | 25.01M | Net Debt |
| -10.76M | -4.00M | 579.00K | -5.68M | -6.63M | Total Liabilities |
| 57.25M | 61.86M | 70.58M | 74.00M | 74.53M | Stockholders Equity |
| 22.92M | 23.15M | 22.79M | 27.66M | 29.14M |
| Cash Flow | Free Cash Flow | |||
| 5.75M | 1.82M | -4.33M | -5.45M | 7.66M | Operating Cash Flow |
| 5.85M | 1.87M | -4.18M | 2.64M | 7.91M | Investing Cash Flow |
| -92.00K | -53.00K | -149.00K | -8.09M | -249.00K | Financing Cash Flow |
| -4.96M | -4.20M | -3.85M | 508.00K | -2.54M |
Freelancer Ltd. Technical Analysis
Freelancer Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $23.97B | 119.52 | 13.71% | ― | 23.95% | ― | |
71 Outperform | $28.79B | 114.27 | 14.13% | 0.23% | -1.78% | 12.79% | |
69 Neutral | €12.40B | 48.28 | 8.51% | 2.56% | 17.01% | -26.92% | |
63 Neutral | $4.28B | 11.33 | 5.43% | 214.88% | 4.12% | -8.65% | |
62 Neutral | $31.70B | 51.36 | 37.91% | 0.91% | 20.28% | 118.95% | |
59 Neutral | $99.20M | ― | -3.57% | ― | -4.37% | -550.00% | |
43 Neutral | AU$7.48B | 1,155.49 | 1.71% | 1.97% | -14.38% | -92.03% |
Freelancer Ltd. Earnings Call Summary
Freelancer Ltd. Corporate Events
In the first quarter of 2025, Freelancer Limited reported a Gross Marketplace Value (GMV) of $231 million, marking a 1.7% increase from the previous year, and a revenue of $14.1 million, up 11.7%. The company achieved an operating profit, driven by revenue growth and cost management, and maintained strong cash flow with $3.5 million in operating cash. The strategic focus on AI is enhancing marketplace liquidity and quality, supporting future growth as small and medium enterprises increasingly adopt AI solutions. With positive cash flow and increased cash reserves, Freelancer Limited is poised for further expansion in the fiscal year 2025.
Freelancer Limited experienced a pivotal year in 2024, with a notable turnaround in performance and strengthening of its core business. Despite a slight decline in full-year revenue due to the planned wind-down of non-core services, the company’s core online platform saw growth in the second half of the year. Key achievements included a significant increase in new client deposits, improved user engagement, and a rise in project size, reflecting enhanced trust and skill levels within the freelancer community. Financial discipline was also emphasized, with a reduction in operating costs and a return to positive operating cash flow, ending the year with a stronger balance sheet and increased cash reserves.
Freelancer Limited has released its corporate governance statement for the financial year ending December 31, 2024, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, detailing the extent of compliance and any deviations. This disclosure is part of the company’s commitment to transparency and accountability, potentially impacting its reputation positively among stakeholders.
Freelancer Limited announced that it will release its first-quarter 2025 financial results on April 14, 2025. The company will host an investor conference call on the same day to discuss the results, reflecting its commitment to transparency and engagement with stakeholders. This event may influence investor perceptions and market positioning as the company shares its financial performance and strategic insights.
Freelancer Ltd. has announced a change in the director’s interest, with Robert Matthew Barrie acquiring an additional 42,082 fully paid ordinary shares through an on-market trade. This change reflects a slight increase in Barrie’s holdings in Taipan Investment Management Pty Ltd., indicating a continued commitment to the company’s growth and potentially impacting stakeholder confidence positively.
Freelancer Limited announced a change in the director’s interest notice, indicating that Director Robert Matthew Barrie has acquired an additional 200,000 fully paid ordinary shares through an on-market trade. This acquisition reflects a strategic move by the director, potentially signaling confidence in the company’s future prospects and stability, which could influence stakeholder perceptions and market positioning.
Freelancer Limited has announced a change in the director’s interest notice, specifically regarding Robert Matthew Barrie’s holdings. The update reveals that Barrie has acquired an additional 110,037 fully paid ordinary shares through an on-market trade, impacting his holdings in Taipan Investment Management Pty Ltd. This change reflects a strategic adjustment in Barrie’s investment portfolio, potentially influencing the company’s market perception and stakeholder interests.
Freelancer Limited has announced a change in the director’s interest notice, specifically regarding Robert Matthew Barrie’s holdings. The change involves an acquisition of 55,100 fully paid ordinary shares through an on-market trade, impacting the holdings in Taipan Investment Management Pty Ltd, where Barrie is the sole director and shareholder. This adjustment in shareholding reflects a strategic move by the director, potentially influencing the company’s market perception and stakeholder interests.
Freelancer Limited announced a change in the director’s interest, with Director Robert Matthew Barrie acquiring 148,000 fully paid ordinary shares through an on-market trade. This change reflects an increase in Barrie’s holdings in Taipan Investment Management Pty Ltd, potentially indicating confidence in the company’s future performance and impacting shareholder perceptions.
Freelancer Limited announced a change in the director’s interest, with Robert Matthew Barrie acquiring 133,050 fully paid ordinary shares through an on-market trade. This change reflects a slight increase in Barrie’s holdings, potentially indicating confidence in the company’s future performance and impacting stakeholder perceptions.
Freelancer Ltd. has announced a change in the director’s interest in securities, specifically regarding Robert Matthew Barrie, who has acquired additional shares through an on-market trade. This acquisition reflects a slight increase in Barrie’s holdings, potentially signaling confidence in the company’s future performance and stability, which may impact stakeholder perceptions positively.
Freelancer Limited reported a 7.1% decline in Gross Marketplace Value (GMV) to $948.6 million and a 4.2% drop in revenue to $53.1 million for FY24. Despite these declines, the company achieved significant profitability improvements in the second half of the year, driven by cost efficiencies and strong cash generation. The company saw a notable 18.6% increase in new client deposits in the fourth quarter, which is expected to drive future growth. Strategic AI integration has enhanced marketplace skills, liquidity, and value, positioning AI development as a key area for future projects. With a positive cash flow of $0.8 million and cash reserves of $23.2 million, Freelancer is well-positioned for expansion in FY25.
Freelancer Limited reported a decline in revenues by 4.2% to $53.1 million for the year ending December 2024, compared to the previous year. The company also experienced a significant shift from a profit to a net loss of $814,000, reflecting a 531.1% decrease. No dividends were declared for the period, indicating potential challenges in maintaining profitability. These results may impact the company’s market positioning and stakeholder confidence.