Time to Turn Trash To Cash: Fiverr International Ltd. (NYSE: FVRR)

On 22 Jan 2020, Fiverr International Ltd. (NYSE: FVRR) spotted trading -39.14% off 52-week high price. On the other end, the stock has been noted 57.39% away from the low price over the last 52-weeks. The stock changed -3.68% to recent value of $26.93. The stock transacted 299587 shares during most recent day however it has an average volume of 216.13K shares. The company has 30.11M of outstanding shares and 13.34M shares were floated in the market.

Fiverr International Ltd. (FVRR) recently stated financial results for the third quarter ended September 30, 2019.

Key Third Quarter 2019 Financial Results

Revenue in the third quarter of 2019 was $27.9M, a raise of 42% year over year.

Active buyers as of September 30, 2019 were 2.3M, contrast to 2.0M as of September 30, 2018, a raise of 16% year over year.

Spend per buyer as of September 30, 2019 was $163, contrast to $141 as of September 30, 2018, a raise of 15% year over year.

Take rate for the twelve months ended September 30, 2019 was 26.6%, contrast to 25.2% for the twelve months ended September 30, 2018, a raise of 140 basis points year over year.

GAAP gross margin in the third quarter of 2019 was 79.0%, a decrease of 170 basis points from 80.7% in the third quarter of 2018. Non-GAAP gross margin in the third quarter of 2019 was 80.8%, a decrease of 140 basis points from 82.2% in the third quarter of 2018.

GAAP net loss in the third quarter of 2019 was ($8.4)M, or ($0.26) per share, contrast to ($7.2)M, or ($1.10) per share, in the third quarter of 2018. Non-GAAP net loss in the third quarter of 2019 was ($4.0)M, or ($0.12) per share, contrast to ($3.8)M, or ($0.17) per share, in the third quarter of 2018.

Adjusted EBITDA in the third quarter of 2019 was ($4.4)M, contrast to ($3.9)M in the third quarter of 2018. Adjusted EBITDA margin was (15.6%) in the third quarter of 2019, an improvement of 430 basis points from (19.9%) in the third quarter of 2018.

Its earnings per share (EPS) expected to touch remained -89.00% for this year while earning per share for the next 5-years is expected to reach at 44.20%. FVRR has a gross margin of 79.50% and an operating margin of -28.90% while its profit margin remained -29.30% for the last 12 months. According to the most recent quarter its current ratio was 2.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of 9.51% from the mean of 20 days, 16.30% from mean of 50 days SMA and performed 15.42% from mean of 200 days price. Company’s performance for the week was 5.61%, 14.06% for month and YTD performance remained 14.60%.

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