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28 April 2021 ASX RELEASE Airtasker MARCH QTR 2021 - APPENDIX 4C AND QUARTERLY ACTIVITY REPORT Airtasker is pleased to provide its cash flow and activity reports for the March quarter ( Q3 FY21 ) . A strong operating performance ahead of prospectus forecasts resulted in positive cash flow from operating activities ( excluding IPO costs ) ( unaudited ) of $ 2.1m , comprising : • Customer receipts of $ 8.3m ; and • Operating cash outflows of $ 6.2m . Including IPO costs , cash flow from operating activities ( unaudited ) was positive $ 484k , resulting in a closing cash balance of $ 29.7m at 31 March 2021 . There were no material changes in business activities from those described in the prospectus dated 8 February 2021 . Use of Funds : In accordance with ASX Listing Rule 4.7C.2 , Airtasker provides the following update on its use of funds ( unaudited ) : only For personal use Use of Funds $ m Spend to date ( $ m ) Status Marketing ( including international ) 8.0 0.0 On track Product development 5.0 0.0 On track Offer costs Total 3.1 2.6 On track 16.1 2.6 On track Related party payments of $ 62,000 were paid in the form of Directors ' fees in Q3 FY21 . Ends -- For further information , please contact : Media Enquiries Alexandra Aguirre alexandra@airtasker.com +61 428 024 545 About Airtasker Investor Relations www.investor.airtasker.com investors@airtasker.com Airtasker ( ASX : ART ) is Australia's leading online marketplace for local services , connecting people and businesses who need work done with people and businesses who want to work . With its mission to empower people to realise the full value of their skills , Airtasker aims to have a positive impact on the future of work by creating truly flexible opportunities to work and earn income . Since launching in 2012 , Airtasker has enabled more than $ 1 billion in working opportunities and served more than 1 million unique paying customers . This announcement was approved for release by the Board of Directors of Airtasker Limited .