InvestSMART

The article you are trying to access does not exist, however, here are some articles you may be interested in.

Freelancer Limited (ASX:FLN)

ALERT: Price-sensitive ASX Announcement for FLN
Current share price for FLN : $0.110 0.01 (10%)+
Announcement
Release
28 Jul 2026 8:27AM
Price at Release
$0.100
Full Release
download
Summary
The 2026 Interim Financial Report for Freelancer Limited outlines a challenging first half of the year, with a notable decline in group revenue by 12.4% to $23.7 million compared to the previous year. The Freelancer marketplace experienced a drop in gross marketplace volume (GMV) by 20% and revenue by 23%, although Escrow.com and Loadshift saw revenue growth by 15% and 12%, respectively. The company faced a net loss after tax of $2.1 million, influenced by a non-cash goodwill impairment of $2.4 million. Despite these setbacks, the company maintains a strong gross margin of 87.3% and remains debt-free with cash reserves of $17.9 million as of June 30, 2026. No dividends were declared, and no significant changes in the state of affairs were noted. The company’s financial position is supported by its core operations, including Freelancer, Escrow.com, and Loadshift, despite challenges from currency fluctuations and operational disruptions.
Key Points
  • Group revenue declined 12.4% to $23.7 million.
  • Escrow.com revenue increased by 15% to $7.0 million.
  • Freelancer GMV declined 20% to $42.3 million.
  • Freelancer revenue dropped 23% to $14.9 million.
  • Net loss after tax was $2.1 million.
  • Impairment charge of $2.4 million related to non-core assets.
  • Gross margin increased to 87.3%.
  • Operating cash flow was negative $0.5 million.
  • Cash reserves were $17.9 million as of June 30, 2026.
  • No dividends declared for the period.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.