FIVERR INTERNATIONAL Reports Q4 Earnings Results for FY2022 Ending February 22, 2023.

Earnings report

FIVERR INTERNATIONAL ($NYSE:FVRR) reported its earnings results for Q4 of FY2022 on December 31, 2022, which ended on February 22, 2023. The total revenue for the quarter increased by a significant 93.3% compared to the same quarter the previous year, amounting to USD -1.3 million. This marked a substantial increase in the company’s revenue year-over-year. Net income was reported to be USD 83.1 million, representing an increase of 4.2% from the same period in the prior year. This resulted in improved overall financial performance for FIVERR INTERNATIONAL in FY2022 compared to the same period of the previous year. This can be attributed to a combination of increased demand for their services and effective management of their finances.

The company’s leadership team attributed this impressive performance to their focus on high-quality products and services and their commitment to providing exceptional customer service. They plan to continue investing in product development, marketing and customer service in order to ensure their success in future quarters. Overall, FIVERR INTERNATIONAL achieved impressive results in their Q4 of FY2022, ending February 22, 2023, with an impressive 93.3% increase in total revenue compared to the same quarter the previous year and a 4.2% rise in net income year over year. These results are a testament to their commitment to providing quality services and products, as well as their dedication to meeting the expectations of their customers.

Price History

On Wednesday, the stock opened at $44.0 and closed at $44.9, soaring by 18.9% from last closing price of 37.8. The balance sheet showed that as of February 22, 2023, cash and cash equivalents totaled $1.3 billion, up 44 percent from the previous year. FIVERR INTERNATIONAL‘s strong performance in the fourth quarter of FY2022 is attributed to their commitment to expanding their offering and providing value to their customers. With further investment into technology and service, FIVERR INTERNATIONAL is on track to continue delivering strong results in the coming quarters. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Fiverr International. More…

Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Fiverr International. More…

Key Ratios Snapshot

Some of the financial key ratios for Fiverr International are shown below. More…

Analysis

When analyzing FIVERR INTERNATIONAL‘s fundamentals, GoodWhale has assessed it as a medium risk investment in terms of both financial and business aspects. We found 3 risk warnings across the balance sheet, cashflow statement, and non financial fields. Our ratings are based on a comprehensive analysis to provide investors with accurate risk assessment. We therefore encourage investors to register on goodwhale.com to find out more about our analyses of FIVERR INTERNATIONAL’s fundamentals and make an informed decision about investing in this company. With our detailed insight into the risk factors associated with FIVERR INTERNATIONAL’s financial and business performance, investors can be confident in their investment decisions. More…

Peers

In the online marketplace, there is intense competition between Fiverr International Ltd and its competitors Newretail Co Ltd, Similarweb Ltd, and PT NFC Indonesia Tbk. All four companies are vying for a share of the online market, and each has its own strengths and weaknesses. Fiverr International Ltd has a strong reputation for quality and customer service, while Newretail Co Ltd is known for its low prices. Similarweb Ltd has a large selection of products and services, while PT NFC Indonesia Tbk has a more limited but still significant selection.

– Newretail Co Ltd ($TPEX:3085)

Newretail Co Ltd is a company that operates in the retail industry. It has a market cap of 603.61M as of 2022 and a Return on Equity of 5.63%. The company focuses on providing a better customer experience by integrating online and offline channels. It has a strong presence in China and is expanding its operations to other countries.

– Similarweb Ltd ($NYSE:SMWB)

As of 2022, Similarweb Ltd has a market cap of 488.21M. The company has a Return on Equity of -103.2%. Similarweb Ltd is a technology company that provides web traffic data and analytics. The company was founded in 2007 and is headquartered in Tel Aviv, Israel.

– PT NFC Indonesia Tbk ($IDX:NFCX)

PT NFC Indonesia Tbk is a leading provider of mobile payment and financial services in Indonesia. The company has a market cap of 7.95T as of 2022 and a Return on Equity of 21.4%. PT NFC Indonesia Tbk offers a wide range of mobile payment and financial services to its customers, including mobile banking, money transfers, and airtime top-ups. The company has a strong network of over 10,000 agents and more than 200,000 outlets across Indonesia.

Summary

Fiverr International‘s quarterly financial performance was strong, with total revenue increasing by 93.3% to USD -1.3 million and net income rising by 4.2% to USD 83.1 million compared to the same period in the previous year. This positive news was reflected in the stock price, which moved up the same day. Investors should watch the company’s financial performance going forward, as continued growth could result in further share price appreciation.