Fiverr Raises 2019 Revenue Guidance on Third Quarter Reports
The company published its earning reports Wednesday, announcing revenues that surpassed market expectations and losses lower than the analyst consensus
Tzally Greenberg | 11:58 14.11.2019
NYSE-listed online gig marketplace Fiverr Int. Ltd. released its earnings reports for the third quarter of 2019 Wednesday, announcing revenues that surpassed market expectations and losses lower than the analyst consensus. Fiverr, which went public in June, has a market capitalization of $675 million. The company reported revenues of $27.8 million for the quarter, a 41.8% increase year-over-over, surpassing the analyst consensus of $26.09 million. Its GAAP net loss was $8.4 million, or a loss per share of $0.26, compared to a net loss of $7.2 million, or $1.1 per share, in the third quarter of 2018. Its non-GAAP net loss was $4 million, or a loss of $0.12 per share, compared to a non-GAAP net loss of $3.8 million, or $0.17, in the third quarter of 2018. The analyst forecasts for the non-GAAP loss per share for this quarter stood at between $0.16 and $0.29. Adjusted EBITDA in the third quarter of 2019 was a loss of $4.4 million, compared to a loss of $3.9 million in the third quarter of 2019.