FLN

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20.0¢ freelancer limited

Ann: Freelancer 3Q19 Commentary, page-31

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yellowfin

1,658 Posts.

151

14/11/19

10:35

Post #: 41417523

Originally posted by grasshopper05: ↑
If anything I would have thought that FVRRs results would be a negative for FLN.

FLN (AUD) FVRR (USD) UPWK (USD) FLN (USD) Total AUD/USD
1 Revenue Jul-Sep 19 $14,276,000 $27,900,000 $78,790,000 $9,636,300 $116,326,300 0.675
2 Revenue Jul-Sep 18 $13,020,000 $19,647,000 $64,109,000 $9,413,460 $93,169,460 0.723
3 Change YoY $1,256,000 $8,253,000 $14,681,000 $222,840 $23,156,840
4 Change YoY % 9.65% 42.01% 22.90% 2.37% 24.85%
5 Market Share Sept 19
24.0% 67.7% 8.3%

6 Market Share Sept 18
21.1% 68.8% 10.1%

7 Growth Captured
35.6% 63.4% 1.0%

As you can see once you strip out the weaker AUD this year the question for FLN would have to be where is the growth? When you are in an industry where revenues are growing almost 25% YoY and you can only manage to achieve 2.4% then something is off.

It should be noted that FLNs market share dropped from 9.1% in June Quarter to 8.3% now. Also USD growth rate for FLN fell from 6.3% in June Qtr while Upwork went from 18.5 to 22.9% and Fivr went from 40.8 to 42.0%. So clearly the slowdown in FLNs growth is not industry related and is company specific.
Expand
I have different take on your assessment. If it were an industry problem it would not be good for the entire freelance space. Company specific issues are much easier to resolve than a widespread industry concern. FLN will make the necessary adjustments to improve their business as FIVRR is doing.

FLN Price at posting: 65.0¢ Sentiment: Hold Disclosure: Held

Upvote

0 Great analysis

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Ann: Freelancer 3Q19 Commentary, page-31

ASX Market Open: ASX200 to rise for Friday session | July 26

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nine's staff strike as Paris Olympic coverage begins

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

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		FLN (AUD)	FVRR (USD)	UPWK (USD)	FLN (USD)	Total	AUD/USD
1	Revenue Jul-Sep 19	$14,276,000	$27,900,000	$78,790,000	$9,636,300	$116,326,300	0.675
2	Revenue Jul-Sep 18	$13,020,000	$19,647,000	$64,109,000	$9,413,460	$93,169,460	0.723
3	Change YoY	$1,256,000	$8,253,000	$14,681,000	$222,840	$23,156,840
4	Change YoY %	9.65%	42.01%	22.90%	2.37%	24.85%
5	Market Share Sept 19		24.0%	67.7%	8.3%
6	Market Share Sept 18		21.1%	68.8%	10.1%
7	Growth Captured		35.6%	63.4%	1.0%

Ann: Freelancer 3Q19 Commentary, page-31

Top Stories

ASX Market Open: ASX200 to rise for Friday session | July 26

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IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

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