Freelancer Ltd

FLN Details

During Q1FY17, Freelancer Ltd reported a 20% yoy growth in cash receipts at $12.5 million on a rolling 12-month basis, with strong positive operating cashflow of $2.1 million. The company witnessed a robust growth in key metrics in the core marketplace segment during the quarter, while the core infrastructure, systems and processes are refurbished. Further, considerable progress has been made in Escrow.com payments business and the remaining is expected to be completed within the next two quarters. Q1 2017 saw a strong bounce in accepted projects as issues in the core desktop project funnel were corrected in mid-January 2017, while projects posted on mobile reported an exceptional growth of 79% yoy during the quarter. Moreover, the company’s advantage lies in the revenue composition as USD is the main operating currency of the group and contributed to 75% of revenue in FY16. The company held cash and equivalents of A$34.7 million with no debt on balance sheet as on March 2017.  The stock declined 47.2% in last one year (as at June 20, 2017) and currently trading close to its 52 week low levels. We give a “Buy” rating on the stock at the current price of $ 0.81


FLN Daily chart; (Source: Thomson Reuters)

GetSwift Ltd

GSW Details

Expanding through partnerships: GetSwift Limited (ASX: GSW), the SaaS solution company has signed a commercial multi-year agreements with FRF couriers. With FRF couriers, GetSwift has brought into its ecosystem an additional group in its expanding industry verticals as it offers additional industry vertical touchpoints for its platform. FRF Couriers was established in 1989 and managed to establish an extremely well-balanced fleet, from motorbikes, vans, hybrid vehicles, up to large taxitrucks/ semi-trailers. FRF Couriers has specialized in a market segment with the need for both the urgent courier delivery and the traditional freight carrier. Further, GSW continues to relentlessly pursue all venues and channels that will allow it to have unrestricted access to as many touch points as possible that require delivery or order fulfilment functions regardless of industry vertical, size or geographic placement. Earlier in the month, it has signed an exclusive multiyear partnership with Hungry Harvest in the USA and Hungry Harvest will offer the ability to manage company’s last mile deliveries and logistics. The exclusive partnership will allow Hungry Harvest to access an affordable best in class logistics platform to dispatch, track and route customer orders in a highly complex operating environment. Hungry Harvest currently delivers in Maryland, DC, Northern Virginia, Philadelphia, South New Jersey and surrounding areas. Some of the established network partners include KPMG, Pandora, Deloitte, American Heart Association, Urban Outfitters, One Table and Johns Hopkins among others. The stock has zoomed over 165% in the last six months and currently trading at high levels. We give a “Hold” recommendation at the current price of $ 0.86


GSW Daily chart; (Source: Thomson Reuters)

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