Ann: 1H20 Results Presentation, page-35

Now that all 3 companies have released their quarterly results I have updated the graph to reflect the latest results. Its pretty clear why the market is valuing FVRR the way it is compared to FLN. FVRR blew past expectations with yoy growth of 81.9%. To put that into perspective they have added 21m USD to their quarterly revenue in the past year which is the equivalent of 2 x FLNs total quarterly revenue. The theory posted on here by many FLN holders that they were just spending big on marketing and it wasn't sustainable might want to take note of the fact they achieved this huge growth whilst running at a Non-GAAP profit and on a GAAP basis running virtually breakeven.

		FLN (AUD)	FVRR (USD)	UPWK (USD)	FLN (USD)	Total	AUD/USD
1	Revenue Apr-Jun 20 (USD)	$15,220,000	$47,130,000	$87,531,000	$10,456,140	$145,117,140	0.687
2	Revenue Apr-Jun 19 (USD)	$14,326,000	$25,910,000	$74,260,000	$9,979,492	$110,149,492	0.6966
3	Change YoY	$894,000	$21,220,000	$13,271,000	$476,648	$34,967,648
4	Change YoY %	6.24%	81.90%	17.87%	4.78%	31.75%
5	Market Share June 20		32.5%	60.3%	7.2%
6	Market Share June 19		23.5%	67.4%	9.1%
7	Growth Captured		60.7%	38.0%	1.4%