Decided to write another article on Airtasker's latest set of...

Decided to write another article on Airtasker's latest set of results, seeing as I hadn't written one since Q2.

https://jordanmartenstyn.substack.com/p/breaking-down-airtaskers-fy22-results

Some thoughts in no particular order:
- Surprised shares are up 22% this afternoon - were people expecting them to report bankruptcy?
- Headline top-line numbers seem strong, but FY22 GMV of $189.6m came in below their latest revised guidance (despite including some inorganic contribution from Oneflare). Bit concerning. Management has lost some credibility with their forecasting.
- International growth remains strong, but decelerating a little bit? One to watch for coming q's.
- Organic customer acquisition is excellent - shows their strong brand recognition.
- Happy to see commitment to becoming cash flow positive. Cash burn has been a concern the past few q's. Trimming the fat will do them some good.

Onwards and upwards!