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Airtasker Ltd
(Sydney:ART)
Airtasker Ltd (ART) vs. S&P 500 (SPY)
Airtasker Ltd Business Overview & Revenue Model
Airtasker Ltd Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 46.43M | 44.17M | 31.47M | 26.57M | 19.26M | Gross Profit |
| 41.93M | 13.90M | 6.52M | 5.44M | 18.03M | EBIT |
| -5.53M | -12.60M | -20.36M | -11.01M | -8.06M | EBITDA |
| 451.00K | -7.83M | -17.66M | -7.98M | -8.93M | Net Income Common Stockholders |
| -2.89M | -12.90M | -20.39M | -9.71M | -10.25M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 17.77M | 17.09M | 28.23M | 33.85M | 13.10M | Total Assets |
| 50.53M | 50.97M | 54.84M | 57.53M | 19.97M | Total Debt |
| 2.66M | 3.65M | 1.60M | 422.00K | 25.91M | Net Debt |
| -14.57M | -12.41M | -22.13M | -33.43M | 12.81M | Total Liabilities |
| 17.89M | 21.86M | 17.87M | 13.36M | 34.08M | Stockholders Equity |
| 33.97M | 28.90M | 36.97M | 44.17M | -14.11M |
| Cash Flow | Free Cash Flow | |||
| 1.08M | -14.30M | -18.39M | 398.00K | -3.23M | Operating Cash Flow |
| 3.03M | -10.84M | -13.28M | 5.52M | -648.34K | Investing Cash Flow |
| -863.00K | 327.00K | 11.00K | -19.75M | -2.57M | Financing Cash Flow |
| -987.00K | 2.81M | 3.14M | 35.49M | 10.50M |
Airtasker Ltd Technical Analysis
Airtasker Ltd Peers Comparison
Airtasker Ltd Corporate Events
Airtasker Ltd has announced the application for quotation of 213,285 ordinary fully paid securities on the ASX, issued under an employee incentive scheme. This move is likely to enhance employee engagement and align their interests with the company’s growth, potentially impacting Airtasker’s market position positively by reinforcing its operational capabilities.
Airtasker Limited announced a presentation by its CEO and CFO at an investor briefing hosted by Taylor Collison. The company continues to strengthen its market position by enhancing its service offerings and expanding its brand presence through strategic partnerships, such as its involvement with Formula One. This move is expected to bolster Airtasker’s reputation and attract more stakeholders, potentially increasing its market share in the online services marketplace.
Airtasker Ltd has announced the application for the quotation of new securities on the Australian Securities Exchange (ASX). The company is set to quote a total of 427,361 ordinary fully paid securities, issued under an employee incentive scheme. This move is part of Airtasker’s strategy to enhance its market presence and operational capacity, potentially impacting its stakeholders by increasing the liquidity of its shares and incentivizing employee performance.
Airtasker Ltd announced the cessation of 399,393 options and rights securities due to their expiry without exercise or conversion as of March 31, 2025. This development may impact the company’s issued capital and could influence stakeholder perceptions regarding its financial strategies and market positioning.
Airtasker Ltd announced the issuance of unquoted equity securities under an employee incentive scheme. This move involves the distribution of options and rights that are not immediately tradable on the ASX, reflecting a strategic effort to incentivize and retain employees, potentially impacting the company’s operational dynamics and employee engagement.
Airtasker Limited has announced a change in the director’s interest, with Ellen Frances Comerford acquiring an additional 85,786 rights under the NED Equity Plan, increasing her total to 1,349,862 rights. This change, valued at $25,000 in foregone director fees, reflects the company’s ongoing commitment to aligning director interests with company performance, potentially impacting its governance and stakeholder confidence.
Airtasker Ltd has announced a change in the director’s interest notice, specifically concerning Catherine Ann O’Connor. The update reveals that O’Connor has acquired 13,726 Rights under the NED Equity Plan, increasing her total holdings to 111,622 Rights, while maintaining her 150,000 Fully Paid Ordinary Shares. This change reflects a strategic move within the company’s governance, potentially impacting its operational dynamics and signaling confidence in its future growth prospects.
Airtasker Ltd announced the application for quotation of 12,712 ordinary fully paid securities on the Australian Securities Exchange (ASX), issued under an employee incentive scheme. This move reflects the company’s ongoing efforts to incentivize its workforce and potentially enhance its market presence, signaling a strategic step in its operational and financial growth.
Airtasker Limited announced its HY25 financial results presentation, which will be conducted by CEO Tim Fung and CFO Mahendra Tharmarajah. The event includes a live Q&A session, allowing stakeholders to engage directly with management. This presentation is a critical opportunity for Airtasker to communicate its financial health and strategic direction, potentially influencing investor confidence and market positioning.
Airtasker Limited reported a significant improvement in its financial performance for the half-year ending December 2024, achieving a positive free cash flow of $0.6 million, a 105.3% increase compared to the previous period. The company experienced substantial revenue growth, particularly in its UK and US markets, and launched strategic partnerships with VCARB Formula One Team and OpenAI, which are expected to enhance its market positioning and operational capabilities.
Airtasker Limited reported a 10% increase in revenues for the half-year ending December 2024, reaching $25.7 million. However, the company faced a significant financial setback with a loss of $15.96 million, a sharp decline from a profit of $236,000 in the previous year. This downturn in financial performance could impact Airtasker’s market positioning and stakeholder confidence, as the net tangible assets per ordinary security also decreased from 2.06 cents to 0.76 cents.
Airtasker Limited announced that it will release its financial results for the half-year ending December 31, 2024, on February 27, 2025. The announcement will be followed by an investor briefing hosted by CEO Tim Fung and CFO Mahendra Tharmarajah, which includes a webcast and a live Q&A session. This event highlights Airtasker’s ongoing communication with stakeholders and its commitment to transparency in financial performance, crucial for maintaining investor confidence and industry positioning.