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
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Q3 2022 Freelancer Ltd KPI Results Call Transcript

Oct 26, 2022 / 12:00AM GMT
Release Date Price: $0.1233 (-17.85%)
Robert Matthew Barrie
Freelancer Limited - Founder, Executive Chairman & CEO

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Third quarter 2022 business update. My name is Matt Barrie, and I'm the Chief Executive of Freelancer Limited. Today with me today, I've got Neil Katz, Chief Financial Officer, Adam Byrnes, VP of Product and Growth, and Shaun McMeeken, the VP of Enterprise.

Today, I'll be presenting the business updated and as always you may ask Q&A to anyone in the room after the update has been provided.

In the third quarter, Freelancer Limited total gross payment volume of $242.4 million, down 14.3% or USD 165.8, down 20.1%.

Freelancer GMV was $31.5 million, down to 5.1% (inaudible) or [$25 million], down 1.6% in U.S. dolalrs. The GPV for Escrow was $200 million, down 16.2% or $136.8 million, down 22%.

The group net cash receipts were -- despite the drops in GMV, they held flat at $30.5 million, down 1.5%. The Freelancer cash receipts were $11.2 million, down 1.4% on PCP and the Escrow cash receipts of 2.3, down 1.9%.

FX tailwind of 7% in the quarter,

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