Fiverr International Shares Surge On Strong Q4 Performance; FY22 Outlook

Fiverr International Ltd FVRR reported fourth-quarter FY21 revenue growth of 43% year-on-year to $79.8 million, beating the consensus of $76.8 million.
Active buyers increased 23% Y/Y to 4.2 million, Spend per buyer rose 18% Y/Y to $242. Take rate expanded by 210 bps to 29.2%.
Non-GAAP gross margin contracted 50 bps to 83.4%, while the adjusted EBITDA margin expanded 280 bps to 11.1%.
Non-GAAP EPS of $0.22 beat the consensus of $0.04.
Fiverr generated $8.2 million in operating cash flow and held $453.9 million in cash and equivalents.
Ofer Katz, CFO, said, "Fiverr continues to see growth across all metrics with predictable cohort behavior, giving us confidence to provide strong guidance for the year ahead."
Outlook: Fiverr sees Q1 2022 revenue of $85 million - $87 million, against the consensus of $85.51 million.
Fiverr sees FY22 revenue of $373 million - $379 million, above the consensus of $371.07 million.
Price Action: FVRR shares traded higher by 10.8% at $84.01 in the premarket session on the last check Thursday.

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