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Freelancer Ltd. ( (AU:FLN) ) has issued an update.
Freelancer Limited experienced a pivotal year in 2024, with a notable turnaround in performance and strengthening of its core business. Despite a slight decline in full-year revenue due to the planned wind-down of non-core services, the company’s core online platform saw growth in the second half of the year. Key achievements included a significant increase in new client deposits, improved user engagement, and a rise in project size, reflecting enhanced trust and skill levels within the freelancer community. Financial discipline was also emphasized, with a reduction in operating costs and a return to positive operating cash flow, ending the year with a stronger balance sheet and increased cash reserves.
More about Freelancer Ltd.
Freelancer Limited operates in the online services industry, providing a platform that connects businesses with freelancers for services such as labor, payments, and freight. The company focuses on creating a seamless ecosystem for global business needs.
YTD Price Performance: 10.0%
Average Trading Volume: 3,497
Technical Sentiment Signal: Strong Buy
Current Market Cap: $52.5M
For a thorough assessment of FLN stock, go to TipRanks’ Stock Analysis page.
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