Fiverr: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

TEL AVIV, Israel (AP) _ Fiverr International Lt. (FVRR) on Wednesday reported a loss of $7.4 million in its fourth quarter.

On a per-share basis, the Tel Aviv, Israel-based company said it had a loss of 23 cents. Losses, adjusted for stock option expense and costs related to mergers and acquisitions, were 8 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.

The online marketplace for freelance services posted revenue of $29.5 million in the period.

For the year, the company reported a loss of $33.5 million, or $1.67 per share. Revenue was reported as $107.1 million.

For the current quarter ending in April, Fiverr said it expects revenue in the range of $32 million to $33 million.

The company expects full-year revenue in the range of $139 million to $141 million.

Fiverr shares have climbed 19% since the beginning of the year.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FVRR at https://www.zacks.com/ap/FVRR