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Freelancer shares climb

Last updated: 05:00 25 Nov 2014 EST, First published: 06:00 25 Nov 2014 EST

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Freelancer (ASX:FLN) shares jumped 14.4% to $0.595 yesterday with nearly 100,000 shares changing hands.

The company is delivering on growth metrics and continuing to scale number of users despite gyrations in the share price.

Freelancer is the world's largest freelancing, outsourcing and crowdsourcing marketplace by number of users and projects.

Earlier in the month the company launched its Freelancer App on Apple’s iOS, providing iPhone and iPad users with enhanced communication between Freelancers and employers.

Together with the successful launch of the Android App in April 2014, Freelancer can now support its 13.7 million global member base wherever they are and on whatever device they choose.

Freelancer has a strategy to position itself as the Amazon.com of the outsourcing industry.

Freelancer reported receipts from customers of $6.8 million in the September 2014 quarter, up from the $6.3 million it received in the June quarter.


Key Features of the App


The company’s Freelancer App for iOS has the following features:

- Stay in touch with Freelancers and employers anywhere, anytime;
- Receive instant notifications with push notifications;
- See whether current contacts are online so users can chat in real time;
- Employers are able to award projects to the winning Freelancers on the go; and
- Freelancers are able to accept job offers from employers wherever they are.

A more advanced version of the app, with post project and bidding functionality will be available in coming weeks.

Since the launch of the Android App in April 2014, 1 million messages have been sent via the app as of August. 

In addition 10,000 projects have been posted from mobile and 50,000 app downloads have been made as of September.

The Android App has seen 8.7% per week growth in users since launch.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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