[–] mdorazio 7y ago ↗ Interesting financials. Another unprofitable startup going public in close proximity to others this year. Key numbers for me:$75.5M revenue in 2018 (increase of 45% from 2017), but net loss north of $36M.Cost of revenue is growing slowly (17%), but OpEx growth (65%) way outpaced revenue growth, mostly due to a huge G&A increase.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.
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[ 4.3 ms ] story [ 16.0 ms ] thread$75.5M revenue in 2018 (increase of 45% from 2017), but net loss north of $36M.
Cost of revenue is growing slowly (17%), but OpEx growth (65%) way outpaced revenue growth, mostly due to a huge G&A increase.
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.