Ann: Freelancer 3Q19 Commentary, page-11

"slow burn"

Q ending 30 June 2016: $13.323M receipts
Q ending 30 September 2019: $14.276M receipts

So, 2.2% annualized revenue growth since FLN first broke $13M?

It's a tribute to MB's charisma that the company is still trading over 6x revenues as if it's a fast-growing startup, despite the above and having relinquished the #2 spot to Fiverr in that period. In the interim, their asset position has become more and more dominated by "goodwill" and "value of domain names" and less and less dominated by "cash", so they are unlikely to be able to buy their way to further growth e.g. like buying Escrow.