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Freelancer Ltd. (FLNCF)
:FLNCF
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 17, 2019
|% Change Since: 11.11%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed sentiment with significant achievements in user acquisition and Escrow growth, alongside challenges in the Freelancer division's GMV and Loadshift job postings. Overall, the company shows promising developments in AI and Escrow sectors, suggesting a positive outlook.Company Guidance
During the Q3 2024 earnings call for Freelancer Limited, the company reported a group net cash receipt of AUD 14.2 million, marking a 3.9% increase from the previous corresponding period (pcp). The Escrow division demonstrated strong performance with a GMV of AUD 247 million, up 31.2% on pcp, and cash receipts rising by 44.9% to AUD 3.3 million. The company's overall positive net operating cash flow for the quarter stood at AUD 2.3 million, which was a significant increase from the previous year, contributing to a year-to-date operating cash flow of AUD 4.4 million—an 88% rise on pcp. Freelancer's platform added 1.96 million users and 204,000 new projects in the quarter, with an average project size of USD 258. Despite a slight decline in Freelancer division GMV by 3.8%, the company noted a positive swing in client deposits, up 25% year-over-year in the initial 30 days post-sign-up, reflecting a turnaround from a previous 7% negative figure. Additionally, the average bids per project climbed to 47, a 11.9% increase, showcasing improved liquidity. The Loadshift division also showed progress with quotes rising by 27.6%, and the Escrow division achieved its third highest revenue month in September, positioning itself for a fourth consecutive year of profitability.Significant Growth in Escrow GMV
Escrow GMV increased to $247 million, up 31.2% year-over-year.
Positive NPAT and Operating Cash Flow
The group achieved positive NPAT for the quarter and a positive net operating cash flow of $2.3 million, up significantly from last year. Year-to-date positive operating cash flow is $4.4 million, up 88% year-over-year.
Increase in User Acquisition
User acquisition improved significantly with a 25% year-on-year increase in client deposits within the first 30 days after sign-up.
Improvement in AI Development Projects
The GMV for AI development projects doubled, indicating a strong growth trend in this sector.
Escrow Achievements
Escrow had its third highest revenue in September in company history and is on track for its fourth consecutive year of profitability, with gross margins showing significant improvements.
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FLNCF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FLNCF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $0.09 | $0.09 | 0.00% |
| Jul 29, 2024 | $0.20 | $0.20 | 0.00% |
| Apr 24, 2024 | $0.09 | $0.09 | 0.00% |
| Feb 26, 2024 | $0.39 | $0.39 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Freelancer Ltd. (FLNCF) report earnings?
Freelancer Ltd. (FLNCF) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Freelancer Ltd. (FLNCF) earnings time?
Freelancer Ltd. (FLNCF) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FLNCF EPS forecast?
Currently, no data Available
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