Remember Fiverr? Remember how it’s not currently relevant and was very popular a few years ago? Remember the only reason they have been in the news recently is because of the VoiceOverPete?
As time passes and investors finally want returns on there investment, there’s been a growing push for all these tech companies to finally go public, the problem is that some of these tech companies never pivoted from a fad into an actual company with multiple verticals. Fiverr is the definition of a never-pivot company.
They are currently loosing money.
The company, which is headquartered in Tel Aviv, is losing money — its net losses grew from $19.3 million in 2017 to $36.1 million in 2018. At the same time, revenue grew by nearly 45%, from $52.1 million to $75.5 million.
2.1M active buyers in 2018 vs 1.9M in 2017; an active buyers defined as anyone who makes 1 purchase in 12 months, irrespective of cancellations
Shouldn’t active imply more than 1 purchase? I wonder what those numbers are.
We’ve done stories on Fiverr before, they have quite a misleading and risky marketing department, and as they are preparing to go public, this would 100% be a stock to avoid.