Freelancer shares rise on record FY14 result

Company News

Shares in Freelancer Limited (ASX:FLN) rose 7 per cent yesterday after unveiling a record performance for the full 2014 financial year.  
 
The online job outsourcing company highlighted its record net revenue result, climbing 39 per cent to $26.1 million over the 2014 calendar year. 
 
Freelancer attributed an annual net loss of $1.5 million to an accelerated re-investment in future growth following key acquisitions over last year. 
 
The company’s total number of registered users increased 47 per cent to 14.3 million while the total number of projects and contests posted increased 32 per cent to 6.9 million.
 
Looking ahead CEO Matt Barrie has his sights set on widening Freelancer’s reach by expanding the platform across mobile devices, regional and multilingual markets and job categories.