FYI " Another cause for concern is the fact that operating costs...

FYI

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Another cause for concern is the fact that operating costs have increased. The combination of lower customer receipts and higher operating costs meant the company went from being cash flow positive in the last quarter, to being cash flow negative this quarter.
Like many, I was hopeful the company would finish the year with positive cash flow. But this is looking unlikely now, especially with the company forecasting for operating costs to increase in the fourth quarter.
Whilst I am surprised at the magnitude of the drop in its share price, I’m not surprised to see its share price drop lower. Freelancer’s shares trade on high multiples and any sign that growth is slowing is going to lead investors to panic and head for the exits.
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