Hi, I'm a rookie. Airtasker is not yet cash flow positive - is that correct?
I can see they have cash on hand to fund at least a year ahead, which is prudent given macroeconomic happenings. I can see they have a good profit margin, and make good initial results with regard to international expansion.
Some negatives I'm seeing is high salary costs. No real guidance / concrete plan about when they are likely to be cash flow positive and yield dividends.
At current price, do you think it's a good buy with the view to liquidate in 2 years? It would be money I need in 2 years time, so possibly it's too risky for me, and I'm trying to decide.
Kind regards and sorry to sound so green (I am!).
C
ART Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
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