Freelancer Ltd (OTCPK:FLNCF)
$ 0.1 -0.00295 (-2.87%) Market Cap: 47.48 Mil Enterprise Value: 45.81 Mil PE Ratio: 0 PB Ratio: 3.47 GF Score: 20/100

Q1 2021 Freelancer Ltd Earnings Call Transcript

Apr 20, 2021 / 01:00AM GMT
Release Date Price: $0.62945 (-3.16%)
Robert Matthew Barrie
Freelancer Limited - Founder, Executive Chairman & CEO

Hello, and welcome to the Freelancer Limited First Quarter of 2021 Financial Results Presentation. My name is Matt Barrie. I'm the Chief Executive of the group. With me today is the Chief Financial Officer, Neil Katz; the VP of Products, Adam Byrnes; and the VP of Enterprise, Sarah Tang. And after the commentary, you may address questions to any or all of us in the Q&A, pursuant.

So thank you for joining us today. We just finished up the first quarter of 2021. This -- we operate in the calendar year, so that's from January to March of this year is our first quarter. And we delivered gross payment volume in the first quarter with an all-time record of USD 192.9 million, which was actually up 39% on the previous year or AUD 249.7 million, up 18.8%. So we're on track to do over $1 billion in payment volume through the bank accounts this year.

Our GMV for Freelancer was up 23.6% to USD 25.9 million or AUD 33.6 million, up 5.1% on pcp. The Escrow gross payment volume had a big lift, again, following the

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