Some thoughts on the quarter in no particular order:
- Bit frustrating there's no presentation or conference call.
- Top-line results of 25% GMV growth and 21% revenue growth is solid but not incredible. Possible headwind of floods throughout NSW but I imagine this would also increase demand due to home repairs, etc.
- Traction in international markets is strong. UK GMV grew 100%+ yet again and US posted task growth accelerated from the prior quarter.
- Seems these results were slightly weaker than Airtasker was expecting. They forecasted 107-110m GMV in H2 FY22 and by my calculations, this means they need at least 56m GMV to meet the lower end of this guidance (+9% QoQ growth which is doable but not guaranteed either).
- The headline result of 1m positive OCF is nice but a deeper look shows it was due to a big reduction in advertising and marketing. They guided for marketing spend to be back-weighted in FY22 so this makes little sense unless a large portion of their marketing costs are set to be paid in Q4. Or marketing efforts were not showing a ROI so they pulled the plug?
Keen to hear what others think.
- Forums
- ASX - By Stock
- ART
- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-3
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ART (ASX) to my watchlist
(20min delay)
|
|||||
Last
25.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $113.1M |
Open | High | Low | Value | Volume |
25.0¢ | 25.5¢ | 25.0¢ | $50.04K | 198.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1646 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 109224 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1646 | 0.250 |
4 | 126398 | 0.245 |
8 | 120585 | 0.240 |
1 | 9000 | 0.235 |
2 | 4400 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 109224 | 5 |
0.260 | 57669 | 16 |
0.265 | 5641 | 3 |
0.270 | 112648 | 9 |
0.275 | 17983 | 4 |
Last trade - 15.57pm 14/06/2024 (20 minute delay) ? |
|
|||||
Last
25.0¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
25.0¢ | 25.5¢ | 25.0¢ | 103524 | ||
Last updated 14.54pm 14/06/2024 ? |
Featured News
ART (ASX) Chart |