Airtasker Ltd (AU:ART) has released an update.
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Airtasker Ltd has announced a significant financial improvement with a positive free cash flow of $1.2 million, marking a 115.3% increase from the prior comparative period. The company’s platform fee revenue surged by 13.9%, while its UK revenue saw a remarkable growth of 76.3% in the fourth quarter. With $17.8 million in cash and term deposits, Airtasker is poised for further growth, planning to boost Australian revenue in FY25 with an $11.0 million advertising investment.
For further insights into AU:ART stock, check out TipRanks’ Stock Analysis page.