A UNDER HYPED stock that has gone from $30 to $115 in 5 months

Today, with a market cap of just $4B, thing are just getting started

As for $SHOP $ETSY $MELI $SE, it fully enjoys the benefits of the shift to remote “everything”

Here is a thread

Fiverr ($FVRR) is the e-commerce of freelancing. It enables anyone to buy and sell services

Need a logo for your website? Get someone to create a masterpiece for under $ 50

Sell your services? Create an account, post your job and wait for clients to ping you

Fiverr launched in 2010 and IPOed in June 2019. By Dec 2019, it had 419 employees

Has a 4.3/5 Glassdoor score and 94% approve of the CEO

$FVRR aims to be a key player in the “Future of Work” where we work from anywhere, use collaboration tools and are paid for results

Fiverr is on a , see for yourself with key insights from the Aug 5 results

Strong growth: Revenue grew 82% y/y in Q2’20, totalling $47.1 million, with strong execution across product, marketing and operation during the global pandemic

Historical level of new buyers: Active buyers grew 28% y/y to 2.8 million, implying net adds of over 300K in Q2’20 vs Q1’20

Quarterly Adjusted EBITDA profitability for the first time in Fiverr’s history and targeting Adjusted EBITDA profitability for future quarters in '20

What about GMs, OMs and EBITDA?

Gross margins of 83.1% (increase from 79.5% in Q1) providing a Gross Profit of $39M

Operating expenses grew 32.9% YoY while revenue grew 81.8% in the same period

$127M in cash for a total of $290 current assets vs $117M in current liab.

Last earnings and guidance

On August 5, the company presented its results and took home an EPS of $0.02 vs consensus of ($0.14)

For Q3, $FVRR has raised its guidance and now expects revenue to grow from 72 to 76% by Q3 20202

Now the crunchy part

You understand $SHOP? Think of Fiverr as the drop shipping of services.

You invest in $SHOP? Just imagine the dollars spent by Shopify sellers to get helps through Fiverr.

Looking forward Going upmarket

Fiverr has just launched Fiverr Business: “[…] A dedicated environment for business buyers to transact and collaborate on Fiverr - marking a key investment in going upmarket”

Hope you liked this thread!

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