Fiverr

0.74 (3.25%)

NYSE:FVRR | Last traded on 11-15-2019 4:02 PM

Market Reaction

Offer Price

$21

Today Open Price

$23.03

Change Since IPO

Market Cap

$687.9M

Day High

$23.07

Day Low

$21.71

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Featured Analysis

I'm not sure what to do with this one. I like that the company is definitely on trend around crowdsourcing. The sales multiple is not insane (it's around 8x trailing sales). The thing I don't like about the company is that it's a basically a startup. I long for the days when public companies had a little bit more of a track record.

Company Data

Location

Tel Aviv-Yafo, Israel

Valuation

$650.8M

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Founded

2010

Total Shares Offered

30,995,204

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Employees

29,883

IPO Date

2019-06-13

Background Information

Fiverr is an online freelance marketplace. Freelancers can post services and find customers. Inversely, users who need a task completed can find someone to hire. Services include writing, music, programming, 60and so much more. Fiverr has raised a total of $111M and competes with companies like Freelancer.com and Dice.com.

Financial Analysis

Years 2017 2018
Revenue growth -- 45%
Net profit margin -37%-48%
Valuation -- $600M
Revenue multiple -- 8x
Profit multiple ---1.7x

Financial Information

Income Statement ($M) 2017 2018
Revenue5276
Cost of goods sold1316
Gross profit3960
Total operating expense5896
EBIT(20)(36)
Pretax profit(19)(36)
Net income(19)(36)
Balance Sheet ($M) 2017 2018
Total current assets5997
Cash and cash equivalents2856
Total assets70111
Total current liabilities4354
Total liabilities4757
Total shareholder equity2354
Total liabilities and equity70111
Cash Flow Statement ($M) 20172018
Net cash from operating activities (5)(52)
Net cash from investing activities 526
Net cash from financing activities 154
Net increase in cash and cash equivalents 228