ART Long term holders
Airtasker is an Australian online marketplace connecting users with local service providers. In FY24, it reported 46.6M in revenue (5.6% growth) and 44.5M in gross profit, achieving positive free cash flow of 1.2M. Cost-efficiency measures, including a 26.1% reduction in employee expenses, were pivotal.
The company is expanding internationally, with the UK achieving a 76.3% YoY revenue increase in Q4 FY24. Airtasker also secured 11M in advertising partnerships to strengthen domestic growth. Its stock trades at $0.285 AUD, with a 129M AUD market cap, signaling investor confidence
The ascending triangle is a bullish continuation pattern often seen during an uptrend, characterized by higher lows and a relatively flat resistance level.
In this setup, the stock price has been consolidating between a horizontal resistance level around $0.30 - $0.32 AUD and ascending support.
The company is expanding internationally, with the UK achieving a 76.3% YoY revenue increase in Q4 FY24. Airtasker also secured 11M in advertising partnerships to strengthen domestic growth. Its stock trades at $0.285 AUD, with a 129M AUD market cap, signaling investor confidence
The ascending triangle is a bullish continuation pattern often seen during an uptrend, characterized by higher lows and a relatively flat resistance level.
In this setup, the stock price has been consolidating between a horizontal resistance level around $0.30 - $0.32 AUD and ascending support.
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