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View All NewsAustralia – Freelancer H1 revenue down
28 July 2021
Australia-based Freelancer (FLN: ASX) reported net revenue for the six months ending 30 June 2021 of AUD 27.8 million (USD 20.4 million), down 5.7% compared to the same period last year.
| (AUD millions) | H1 2021 | H1 2020 | Change | H1 2019 (USD millions) |
| Net Revenue | 27.8 | 29.4 | -5.7% | 20.4 |
| Gross Profit | 23.1 | 24.6 | -6.0% | 16.9 |
| Gross Margin | 83.3% | 83.7% | N/A | N/A |
| EBITDA | -2.1 | -1.5 | N/A | -1.5 |
| Loss After Tax | -1.7 | -1.1 | N/A | -1.2 |
H1 revenue for the Freelancer segment stood at AUD 22.7 million (USD 16.6 million), down 11.5% over the same period last year. The group’s Escrow business saw revenue increase by 33.7% over the same period last year.
Freelancer reported Gross Payment Volume stood at AUD 566 million (USD 415.4 million), up 35.9% on H1 2020.
Shares in Freelancer closed at AUD 0.87, down 7.45% on the day and 93.33% above the 52 week low of AUD 0.45 (USD 0.33) set on 31 August 2020. The company has a market cap of AUD 96.48 million (USD 70.82 million).