Freelancer Limited (FLN) Q4 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.598 Hello and welcome to the Freelancer Limited 2024 4-Year Financial Results. 00:00:04.598 -- 00:00:08.724 My name is Matt Barry. I'm the Chief Executive and Chairman of Freelancer Limited. 00:00:08.724 -- 00:00:12.911 Today with me in the room I have Neil Katz, the Chief Financial Officer of the business, 00:00:12.911 -- 00:00:17.598 Adam Burns, who's the VP of Product, Andrew Bateman, who's second in charge of Product 00:00:17.598 -- 00:00:22.225 and also in charge of Enterprise, and August Pial, who runs Escrow. 00:00:22.225 -- 00:00:27.710 As usual, in the Q&A you may direct your questions to anyone in the room 00:00:27.793 -- 00:00:32.272 when the Q&A starts. So I'll get into it straight away. 00:00:32.272 -- 00:00:36.920 What we're trying to do at Freelance Limited is we're trying to build many Amazon services. 00:00:36.920 -- 00:00:41.428 We're in the fields of labour payments and freight, which are all very, very broad, large 00:00:41.428 -- 00:00:44.648 industries that all businesses need, large and small. 00:00:44.648 -- 00:00:48.271 In the full year of 2024, I think 00:00:48.355 -- 00:00:53.444 we had fairly strong foundations for a great year coming up in FY25, as you'll 00:00:53.444 -- 00:00:58.129 see in a second. The gross marketplace value was $948.6 00:00:58.273 -- 00:01:01.198 million, quite an amount of cash goes to the bank accounts. 00:01:01.198 -- 00:01:06.307 It's down 7.1% on FY23. The revenue was $53.1 million, which 00:01:06.307 -- 00:01:09.169 is slightly down at 4.2% on FY23. 00:01:09.353 -- 00:01:14.538 The NPAT was flat at 800k negative, but in the second half it 00:01:14.538 -- 00:01:17.261 turned positive for the year. So it was actually a fair bit of a turnaround as you'll 00:01:17.261 -- 00:01:20.464 ...