Achieves Record Cash Receipts in Q4 2014
Sydney, Jan 30, 2015 AEST (ABN Newswire) - Freelancer Limited (
ASX:FLN) (Freelancer or the Company), the world’s largest freelancing and crowdsourcing marketplace, today released its Quarterly Appendix 4C statement for the quarter ending 31 December 2014 (Q4 2014).
The company experienced record receipts from customers of $7.4 million in Q4 2014, up 7.6% over Q3 2014, and up 42.1% over the prior corresponding period.
At 31 December 2014, Freelancer had cash balances of $20.2 million, increasing from $19.7 million as at the end of Q3 2014.
Matt Barrie, Chief Executive of Freelancer Limited, commented on the results, “Freelancer continues to demonstrate exceptional growth, with record receipts from customers, registered users and posted projects during the quarter and for the 2014 full financial year. We expect that exceptional growth will continue in 2015 as it has each year for the last five years since the company was founded.”
Freelancer.com update
Freelancer continued to experience strong growth in key operating metrics as numerous product enhancements shipped in Q4 2014 which continued to improve the award-winning user experience.
Freelancer ended the year on 31 December 2014 with 14.3 million registered users (2013: 9.7 million) and 6.9 million projects & contests posted (2013: 5.2 million).
User acquisition increased strongly in 2014, with 4.6 million new registered users, up 60% from 2013 (2.9 million users). Similarly project & contest postings accelerated to 1.6 million in 2014, up 31% from 1.2 million in 2013 (up 21% from 2012).
2013 2014 Growth Y/YNew registered users 2.9 million 4.6 million +60%New projects & contests posted 1.2 million 1.6 million +31%
Both the Freelancer iOS and Android apps, together with the mobile web version of the Freelancer.com website saw major improvements in Q4 2014. In the quarter, a number of product releases brought the Android App to be closer to feature parity with the main Freelancer.com website. In Q4 2014, we launched the Freelancer iOS app, and will continue to iterate the product to match the Android feature-set through Q1 2015.
To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-FLN-840148.pdf
About Freelancer Ltd
Triple Webby award-winning Freelancer.com is the world's largest freelancing and crowdsourcing marketplace by total number of users and projects posted. Tens of millions of registered users have posted 7+ million projects and contests to date in over 750 skill category areas as diverse as website development, mobile apps, logo design, marketing, copywriting, astrophysics, aerospace engineering and manufacturing. Freelancer Limited is listed on the Australian Securities Exchange under the ticker (ASX:FLN).
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