Airtasker Ltd (AU:ART) has released an update.
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Airtasker Ltd reported a significant improvement in its financial performance for FY24, achieving a positive free cash flow of $1.2 million, a 115.3% increase from the previous year, alongside an uptick in marketplace revenue growth by 9.8% to $38.1 million. The company’s strong financial position is further underscored by a robust cash and term deposits reserve of $17.8 million, complemented by $11.0 million in advertising inventory from strategic media partnerships.
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