Airtasker Reports Strong Revenue Growth and Positive Cash Flow

Airtasker Ltd ( (AU:ART) ) has provided an update.

In its latest quarterly report, Airtasker Ltd announced a 15.8% increase in marketplace revenue, with significant growth in international markets, particularly the UK and the US, where revenues surged by 95% and 279% respectively. The company also reported positive free cash flow of $0.5 million and operating cash flow of $1.0 million, marking a 40% improvement from the previous period, with $18.3 million in cash and term deposits, indicating strong financial health and strategic expansion in global markets.

More about Airtasker Ltd

Airtasker Ltd operates in the gig economy industry, offering an online marketplace that connects people who need tasks done with skilled individuals or ‘Taskers’ who provide various services. The company focuses on expanding its market presence in key regions including the UK and the US.

YTD Price Performance: 2.17%

Average Trading Volume: 453,677

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$213.2M

For a thorough assessment of ART stock, go to TipRanks’ Stock Analysis page.