Freelancer Ltd. (AU:FLN) has released an update.
Freelancer Limited reported a decrease in Gross Merchandise Value (GMV) by 23.8% to $227.1 million in the first quarter of 2024, with a slight decline in cash receipts as well. Despite the downward trend, the company maintains a positive net operating cash flow of $1.0 million and a strong cash position of $21.7 million. The market leader in freelancing and crowdsourcing services attributes the dip to a comparison with a strong previous quarter but remains strategically well-positioned with its global talent pool.
For further insights into AU:FLN stock, check out TipRanks’ Stock Analysis page.