Naughty and Nice ER Review: FVRR

Investing Strategies Abandoned Arctic Outpost #13
1

UPDATED LISTS:

A) NICE

  1. BILL

  2. GTLB

  3. ZI

  4. AFRM

  5. APP

  6. MELI

Note: The I Dunno/MEH list has been renamed: The Purgatory List

B) PURGATORY

  1. NET

C) NAUGHTY

  1. UPST (Moved Higher on List due to positive comments by a strong subscription service I follow)

  2. CFLT

  3. AMPL

  4. U

  5. BROS

  6. TWLO

Note: While these lists could be considered the product of the absolute genius and scientifically formulated pinpoint and precisely definitive Atta Boy/Oh Poop system - in reality; regardless of any Gestalt and/or Eureka moments brought on by these evaluations they should be tempered by your own due diligence, common sense, and analytic ability to discern the intricate nuances of the deceptively complicated ATTA BOY/ OH POOP Method.
…

FIVERR International - Platform for Organizations With Needs to Contract Temps With Skills to Meet Those Needs.

https://www.fiverr.com/

FVRR Reported Q1 2022 on May 11:

https://seekingalpha.com/pr/18787955-fiverr-announces-first-…

https://seekingalpha.com/article/4510600-fiverr-internationa…

  • Revenue in the first quarter of 2022 was $86.7 million, an increase of 27% year over year: OH POOP!

  • Non-GAAP gross margin1 in the first quarter of 2022 was 83.5%, a decrease of 60 basis points from 84.1% in the first quarter of 2021: OH POOP!

  • Guidance:

Q2 2022
FY 2022
Revenue
$86.0 - $87.5 million
$345.0 - $365.0 million
Year over year growth
14%-16% y/y
16%-23% y/y
Adjusted EBITDA
$3.0 - $4.0 million
$10.0 - $17.0 million

OH POOP!

We can stop right here.

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FVRR ER SCORE: ATTA BOYS 0/OH POOPS 3

LIST and RANKING Assignment: NAUGHTY #7

Note: While FVRR may be a nice company longer term there is no doubt that the economy is severely impacting their business. More to the point, there would be very few High Growth investors interested in the company projecting plummeting, low growth Revenue Growth. One could argue that FVRR is at its cheapest valuation ever - and a lot of people jumped on that Band Wagon on Friday; however, should Revenue Growth accelerate - if it ever does, there would be ample time to invest. In the meanwhile there are much better places for money. All my exceptionally humble opinion or course.

ALL the Best,

2 Likes
2

Thanks for doing these updates Champ! What’s that other subscription service you mentioned that had some positive commentary on UPST? I could use another shot of confirmation bias after buying all the way up… and all the way down (so I thought) until the last ER.

3

Hi Calzone:

The article was from Bert Hochfeld/Ticker Target service. Good write up and fair on both sides, pro and con, of the analysis.

All the Best,