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Fiverr IPO F-1

2 pointsby gatsbyalmost 6 years ago

1 comment

mdorazioalmost 6 years ago
Interesting financials. Another unprofitable startup going public in close proximity to others this year. Key numbers for me:<p>$75.5M revenue in 2018 (increase of 45% from 2017), but net loss north of $36M.<p>Cost of revenue is growing slowly (17%), but OpEx growth (65%) way outpaced revenue growth, mostly due to a huge G&amp;A increase.<p>For reference, the closest direct competitor to Fiverr is Upwork, which did about $250M revenue last year (25% growth) and still had $20M in net loss.