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

Half Year 2022 Freelancer Ltd Earnings Call Transcript

Jul 27, 2022 / 01:00AM GMT
Release Date Price: $0.2
Robert Matthew Barrie
Freelancer Limited - Founder, Executive Chairman & CEO

Welcome to the Freelancer Limited First Half 2022 Financial Results Presentation. My name is Matt Barrie, and I'm the Chief Executive of Freelancer Limited. With me here today, I've got Neil Katz, who's the Chief Financial Officer; Shaun McMeeken, who's the Vice President of Sales; and Hector Perez-Nieto, who is the Head of Marketing for the business. As always, you may direct questions to myself or any of the executives in the Q&A, which will happen after the update.

So moving to the results. Freelancer Limited delivered a record first half 2022 gross payment volume of $652 million, up 15.2% on pcp or USD 471 million, up 7.8%. The Freelancer GMV was $64.7 million, down 4.8% on pcp or USD 46.6 million, down 11%. Escrow GPV was $564 million, up 18.7% on pcp or $407.2 million, up 11.1%, which is a record first half -- all-time record first half GPV per escrow.

The group net revenue was $29.2 million, which is also a record first half result, up 5.1% on pcp or USD 20.9 million, down 2.1%. Freelancer

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot