Not sure why the 4C released this morning hasn't appeared in the feed...
Key points from the 4C:
- Cash receipts up 60% YoY to $12.8m
- $33.1m in Cash & equivalents
- Positive operating cash flow of $1.9m, compared to $1.5m for the entire 2015 financial year
All of this despite the AUD appreciating significantly in the past few months.
In terms of users & projects posted:
- Over 1.15m new registered users (up from 17.73m to 18.88m - a 6% increase). The previous two quarters have seen new registered users increase 820K and 850K respectively.
- Since the last Q, they've changed the way they report jobs posted. Thus, the figure from the website stands at 8.77m jobs posted and can't be compared to the previous results.
FLN Price at posting:
$1.64 Sentiment: Buy Disclosure: Held
