Invest
Why I’m holding Fiverr
By Evergreen Investing  •  August 8, 2021
Fiverr’s share price crashed 30% this week after releasing second quarter 2021 results. Second quarter 2021 results were great with revenue (up 60% year on year) and free cash flow (up 215% y/y) growing nicely. However, Fiverr shocked the market by cutting guidance for 2021 revenue. From Fiverr’s CEO: When COVID restrictions were lifted in the U.S. and Europe around the second half of May, people were in desperate need to get out of home and have some off-screen time. Coinciding with the summer and school holidays, people are taking vacations, which is a really healthy thing to do, and that translates to less time spent online. To be prudent, we are adjusting guidance for the fiscal year 2021 based on these incremental trends over the past few weeks.Fiverr second quarter 2021 prepared remarks Fiverr is now expecting 3Q21 revenue to amount to range from USD68 to USD72 million which...
Read the full article
By Evergreen Investing
I have been investing over the last 8 years and felt inspired to start this blog after getting many questions from friends and family about dividend investing. The Evergreen Investing blog aims to prove that a portfolio of SGX income stocks can generate decent annual returns through dividends and capital gains over a 5 year period ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance