Freelancer generates record Q1 cash receipts

Company News

Freelancer Limited (ASX:FLN) has generated record cash receipts in the first quarter of this year and predicted strong revenue growth will continue. 
 
The online job outsourcing company has described its quarterly performance as exceptional over a period in which it surpassed 15 million registered users. 
 
Cash receipts rose 42 per cent from the year before to $8 million and positive operating cash flow of $1 million was also achieved in the first quarter.
 
Freelancer says it has now cemented its reputation as the world’s largest freelancing and crowdsourcing marketplace in terms of users and projects. 
 
Freelancer booked a net loss of $1.84 million over the 2014 calendar year.