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Freelancer Ltd. (FLNCF)
OTHER OTC:FLNCF
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
<0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 0.00%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed picture with significant achievements in operating cash flow and AI integration, as well as growth in the Escrow segment. However, these gains are offset by declines in overall revenue and gross marketplace value, as well as challenges in the Freelancer segment. While there are positive developments in customer acquisition and partnerships, the financial downturn in key areas suggests a cautious outlook.Company Guidance
In the Freelancer Limited 2024 Full Year Financial Results call, Matt Barrie discussed several key financial metrics and strategic initiatives. The gross marketplace value (GMV) was reported at $948.6 million, down 7.1% from the previous year, while revenue decreased by 4.2% to $53.1 million. Despite a negative net profit after tax (NPAT) of $800,000, the second half of the year saw a positive turnaround. Operating profit, excluding unrealized foreign exchange losses, was $0.8 million, a 19% increase from last year, and operating cash flow rose by 205% to $5.8 million. The company's cash balance stood at $23.2 million with no net debt. The Freelancer segment's revenue was $40.6 million, down 8.2%, attributed to the roll-off of non-core engineering consulting services. However, client acquisition improved significantly, with deposits from new customers within the first 30 days rising by 18.6% year-on-year. The Escrow segment saw a 14.5% increase in revenue to $10.4 million with a take rate improvement of 25%. Loadshift's GMV grew by 15%, with quotes per job up 12.5%. Looking forward, the company is focusing on AI integration, targeting double-digit revenue growth and sustained profitability in 2025, supported by $23 million in cash reserves.Positive Operating Cash Flow
Operating cash flow increased to $5.8 million, up 205% from last year's negative value, marking a significant financial turnaround for the company.
Escrow Revenue Growth
Escrow segment revenue increased by 14.5% to $10.4 million, with a 25% improvement in the take rate.
AI Integration and Partnerships
Freelancer Limited is working with major AI foundational models, mobilizing over 130,000 freelancers for training tasks, and integrating AI tools to enhance the platform's personalization and customer service.
Customer Acquisition Success
There was a substantial increase in client acquisition, with deposits from new customers up 18.6% year-on-year in the fourth quarter.
Loadshift GMV Increase
Loadshift GMV increased by 15% year-on-year, with quotes per job up 12.5%.
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FLNCF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FLNCF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $0.10 | $0.10 | 0.00% |
| Oct 23, 2024 | $0.09 | $0.09 | 0.00% |
| Jul 29, 2024 | $0.20 | $0.20 | 0.00% |
| Apr 24, 2024 | $0.09 | $0.09 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Freelancer Ltd. (FLNCF) report earnings?
Freelancer Ltd. (FLNCF) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Freelancer Ltd. (FLNCF) earnings time?
Freelancer Ltd. (FLNCF) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FLNCF EPS forecast?
Currently, no data Available
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