Fiverr International Ltd Stock Price, News & Analysis

Fiverr International Ltd. (NYSE: FVRR) has decided to withdraw its proposed underwritten public offering of ordinary shares due to current market conditions, deeming it not in the best interest of the company and its shareholders. This decision indicates a cautious approach to equity capital raising amidst fluctuating market dynamics. Fiverr continues to focus on connecting businesses with skilled freelancers, maintaining its position as a prominent player in the digital services sector.

Fiverr International Ltd. (NYSE: FVRR) has announced a public offering of $700 million in ordinary shares, with the option for underwriters to purchase an additional 15%. J.P. Morgan, Goldman Sachs, and Morgan Stanley are the lead managers for this offering. The final terms will be revealed in a subsequent prospectus. This offering is made possible under a shelf registration statement filed with the SEC. Fiverr connects businesses with freelancers in various digital services, with a broad customer base, enhancing its position in the competitive freelance market.

Fiverr International Ltd. (NYSE: FVRR) announced that CEO Micha Kaufman and CFO Ofer Katz will present at the JMP Securities Technology Conference on March 2, 2021, at 10:00 a.m. Eastern Time. The presentation will be broadcast live via a webcast, available on Fiverr's investor relations website. Fiverr, a leader in the gig economy, connects businesses with freelancers offering a wide range of digital services across 500 categories. In 2020, over 3.4 million customers engaged with freelancers on the platform, showcasing Fiverr's growth and influence in the future of work.

Fiverr International Ltd. (NYSE: FVRR) launched its first impact documentary film, “Out North,” focusing on North Nashville's community and its challenges, including the high incarceration rate among young Black men. The film highlights the work of Gideon's Army, a grassroots organization addressing the school-to-prison pipeline. “Out North” aims to raise awareness of institutional racism and gentrification, aligning with Fiverr’s mission to create opportunities for all. The project reflects Fiverr's commitment to social impact through storytelling.

Fiverr International Ltd. (NYSE: FVRR) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020. The report, available on the company's investor relations website, includes audited consolidated financial statements. Over 3.4 million customers utilized the Fiverr platform in 2020, spanning more than 160 countries, showcasing the company's strong global footprint in the digital services sector. Shareholders can request a hard copy of the report at no charge.

Fiverr International Ltd. (NYSE: FVRR) has promoted Ofer Katz to President and Chief Financial Officer, after his tenure as CFO since Fiverr's inception. Katz has made significant contributions to Fiverr's business development and sustainable growth. Additionally, Gurit Kainnan Vardi has been promoted to Executive Vice President and General Counsel, having built a robust legal team since joining in 2015. These leadership changes highlight Fiverr's ongoing growth strategy as it continues to connect businesses with freelancers in various sectors.

Fiverr International Ltd. (FVRR) reported a strong Q4 and FY 2020, showcasing 89% and 77% year-over-year revenue growth, respectively. Q4 revenue reached $55.9 million, with active buyers increasing by 45% to 3.4 million. EBITDA turned positive, reflecting a significant milestone. Despite a GAAP net loss of $8.1 million in Q4, non-GAAP net income improved substantially. The company sets optimistic guidance for Q1 2021, projecting revenue of $63-$65 million and 46-50% growth for the full year, while managing an anticipated $8 million expense from a Super Bowl campaign.

Fiverr International Ltd. (NYSE: FVRR) is launching a new platform to help corporate brands connect with top independent creatives and agencies. This initiative follows the recent acquisition of Working Not Working, enhancing Fiverr's footprint in the marketing industry. The platform aims to facilitate the growing demand for project-focused marketing solutions, enabling brands to access skilled professionals efficiently. Fiverr is establishing a CMO advisory board and a Creative Council, consisting of industry leaders, to steer the platform's development and ensure it meets current market needs.

Fiverr International Ltd. (NYSE: FVRR) has announced the acquisition of Working Not Working, a platform connecting top creative talent with leading brands like Google and Netflix. This strategic move aims to enhance Fiverr's offerings in the advertising and marketing sectors by expanding its access to high-quality creatives. Working Not Working will continue to operate as an independent entity with its current leadership. Fiverr CEO Micha Kaufman believes this acquisition underscores their commitment to providing global opportunities for creative professionals.