Freelancer achieves record H1 revenue result

Company News

Freelancer Limited (ASX:FLN) says it has delivered a record result in the first half of the 2015 calendar year and achieved positive operating cashflow. 

The online job outsourcing company increased net revenue by 41 per cent to $16.8 million while gross payment volume jumped 30 per cent to $64.1 million. 

Freelancer booked a net loss of $800,000 and EBITDA loss of $1 million which the company attributes to its strategy of re-investing for growth. 

CEO and Chairman Matt Barrie has highlighted the company’s track record of high revenue growth at an accelerating rate. 

Looking ahead Mr Barrie is focussed on expansion, including across regional and multilingual markets and further across job categories.