from Hacker News

Fiverr IPO F-1

by gatsby on 5/28/19, 8:38 PM with 1 comments

• by mdorazio on 5/28/19, 9:07 PM

  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.