Predict your next investment

Corporation
INTERNET | eCommerce / Marketplace
freelancer.com

See what CB Insights has to offer

Founded Year

2009

Stage

IPO | IPO

Date of IPO

11/15/2013

Market Cap

0.33B

About Freelancer

Freelancer is an outsourcing and crowdsourcing marketplace for small businesses. The company's platform allows employers to hire freelancers to do work in areas such as software, writing, data entry and design, engineering, sales and marketing, and accounting and legal services.

Freelancer Headquarter Location

Level 20, World Square 680 George Street

Sydney, New South Wales, 2000,

Australia

(02) 9279 3305

Latest Freelancer News

Freelancer (ASX:FLN) share price dives 16% after first-half results

Jul 27, 2021

Shares in Freelancer are sinking today following the release of the company’s 1H21 results. Here are the details Kerry Sun is a site writer at The Motley Fool Australia. He holds a Bachelor of Commerce, majoring in Finance and Economics. Kerry started his investing and trading journey back in 2014, riding the highs of A2 Milk and lows of Slater and Gordon. Kerry takes a 'techno-fundamental' view on stocks, understanding the importance of sound fundamentals supported by a strong technical chart. Current sectors of interest include US sports betting, rare earths, lithium and BNPL. You can view Kerry's holdings here . Latest posts by Kerry Sun ( see all ) Image source: Getty Images The Freelancer Ltd (ASX: FLN) share price woke up to a rude awakening today, following the release of the company’s half-year results . At the time of writing, shares in the global freelancing and outsourcing marketplace have tumbled 15.93% to 95 cents. Why is the Freelancer share price down double digits? Freelancer revealed 1H21 group net revenue had tipped 5.7% lower on the prior corresponding period (pcp) to $27.8 million. The slight decline in revenue was underpinned by weak currency movements. This drove a negative impact of 17.4% in the first half. This trickled down to both negative operating earnings before interest, taxes, depreciation, and amortisation (EBITDA) and operating net profit after tax of -$2 million and -$1.6 million respectively. The company’s net operating cash flow also declined from $6.2 million in 1H20 to $2.7 million in 1H21. The weaker financial performance could be a reason why the Freelancer share price is experiencing such a heavy sell-off this morning. Despite a slight decline in revenue, the company experienced a record in gross payment volumes (GPV), the total payments to Freelancer for products and services transacted. 1H21 GPV came in at a record $566 million, up 35.9% on the pcp. Pleasingly, the company believes it is on track to achieve its milestone of $1 billion in GPV (through bank accounts). In addition, Freelancer maintained a solid cash and cash equivalent position of $31.8 million. This was down $2.5 million or 7.4% on 31 December 2020. A closer look at today’s sell-off The sharp sell-off in the Freelancer share price comes off the back of significant trading volume. Approximately 540,000 shares changed hands in the first 30 minutes of trade. To add some perspective, the company’s 10-day average volume is only 139,500. Should you invest $1,000 in Freelancer right now? Before you consider Freelancer, you'll want to hear this. Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Freelancer wasn't one of them. The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more. * And right now, Scott thinks there are 5 stocks that are better buys.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Freelancer

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Freelancer is included in 1 Expert Collection, including HR Tech.

H

HR Tech

3,964 items

HR tech startups are helping companies manage critical pain points in HR processes such as recruitment, automation, career development, compensation, and benefits management, through a mix of software and services.

Freelancer Patents

Freelancer has filed 1 patent.

The 3 most popular patent topics include:

  • Balao-class submarines
  • Machine learning
  • Mobile payments
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/9/2021

Payment systems, Payment service providers, Mobile payments, Balao-class submarines, Machine learning

Application

Application Date

3/9/2021

Grant Date

Title

Related Topics

Payment systems, Payment service providers, Mobile payments, Balao-class submarines, Machine learning

Status

Application

Freelancer Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Freelancer Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.