FLN 11.1% 20.0¢ freelancer limited

freelancer ipo, page-15

  1. 17,232 Posts.
    lightbulb Created with Sketch. 954
    Market cap of $218m

    Net $460k

    Assume gross would be $700k -$1m?

    PE 300 plus?

    Revenue of $18m sounds ok, however my understanding is that around 90% + of revenue is paid to the freelancer, while charging fees to both sides (employer/freelancer around around 6%

    $18m @ 6% = $1,080,000 (Gross income)

    Of that I assume overheads are fairly minimal?

    On second thought, I think the market cap based on recent figures is high.

    Cash will be say $12-$15m so might be acquisition time?

    Any thoughts?

 
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