THREAD/
$FVRR got creamed yesterday -- ⬇️24% in ONE DAY!
Why? Company lowered '21 revenue guidance from -
+59-63%YOY growth announced at end of Q1
to
+48-52%YOY growth announced yesterday
This deceleration shaved off 24% of Fiverr's market cap!
$FVRR got creamed yesterday -- ⬇️24% in ONE DAY!
Why? Company lowered '21 revenue guidance from -
+59-63%YOY growth announced at end of Q1
to
+48-52%YOY growth announced yesterday
This deceleration shaved off 24% of Fiverr's market cap!
Here is a company which despite very tough comps (after last year's COVID related boost to its business), announced that its revenue will grow ~50% this year and its stock got smoked!
Agreed; its valuation was elevated but this 83% gross margin business is now...
Agreed; its valuation was elevated but this 83% gross margin business is now...
...valued at ~21 X year-end EV/S.
Yesterday, Fiverr announced its active buyers grew by 43%YOY in Q2 '21 to 4 million and spend per buyer increased 23%YOY.
So, apart from a mild slowdown in its business (expected after last year's bump), all other metrics didn't indicate...
Yesterday, Fiverr announced its active buyers grew by 43%YOY in Q2 '21 to 4 million and spend per buyer increased 23%YOY.
So, apart from a mild slowdown in its business (expected after last year's bump), all other metrics didn't indicate...
...anything seriously wrong with Fiverr quite just yet.
Prior to COVID, this business was growing by ~40-45% per annum and it is quite impressive that this year (off a much bigger base), management is expecting 48-52% revenue growth.
I'm not one to hang around, but at this...
Prior to COVID, this business was growing by ~40-45% per annum and it is quite impressive that this year (off a much bigger base), management is expecting 48-52% revenue growth.
I'm not one to hang around, but at this...
...stage, can't really see any major problems with Fiverr.
All this may change during subsequent ERs and the business might really show signs of deterioration, but for now I'm staying long $FVRR
If cracks widen in the future, I'll be out in a flash.
END.
All this may change during subsequent ERs and the business might really show signs of deterioration, but for now I'm staying long $FVRR
If cracks widen in the future, I'll be out in a flash.
END.
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