(Fiverr) Shares of Fiverr International rose more than 8% on Thursday after the company reported a revenue of $79.8 million in the fourth quarter of 2021, up 43% from the prior year.
For FY21, Fiverr reported that its revenue rose by 57% from the prior year to $297.7 million.
The company booked a GAAP net loss of $19.5 million in the fourth quarter, compared to a loss of $8.1 million in the prior year.
Adjusted EBITDA in the fourth quarter was $8.9 million, up from $4.6 million in the fourth quarter of 2020. FY21 EBITDA was $22.9 million, from $9.1 million in 2020.
Fiverr said that its active users in the fourth quarter was 4.2 million, an increase of 23% from the prior year. Funds spent per buyer were $242, up from $205 in the prior year.
The company now projects revenue of $85 million to $87 million in the first quarter of 2022. FY22 revenue is expected at between $373 million and $379 million.
Adjusted EBITDA in the first quarter of 2022 is projected at between $1.5 million and $3.5 million. FY22 EBITDA is expected at between $27 million and $33 million.
FVRR: NYSE is up +8.94% on premarket.
