Good First Year.
Airtasker has continued to grow active customer and importantly growing the frequencey rate 1.9x and the average task price $198. This was ahead of the forecast of $189. With positive Operating cashflow for the first time it is showing the potential of the gig economy.
Looking forward though, the share price has contracted after getting ahead of itself from the IPO. I am of the opinion that if it continues to manage the lean operation it has and can continue to grow the frequencey and taverage task price there it will deliver another positive operating cashflow. The detractor is how does the Zaarly acquisition integrate and how much capital is spent in the US getting it inline with the Airtasker model.