Upwork Inc (OQ:UPWK)

Sector:  Industrials Industry:  Employment Services
 
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Company Contact
Address: 441 Logue Ave
MOUNTAIN VIEW CA 94043-4018
Tel: N/A
Website: N/A
IR: N/A
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Key People
Thomas H. Layton
Independent Chairman of the Board
Hayden Brown
Chief Marketing and Product Officer
Stephane Kasriel
President, Chief Executive Officer, Director
Brian Kinion
Chief Financial Officer
Eric Gilpin
Senior Vice President of Sales
Lars Asbjornsen
Senior Vice President of Marketing
Zoe Harte
Senior Vice President - Human Resources and Talent Innovation
Elizabeth Tse
Senior Vice President - Operations
Amanda Vinson
Senior Vice President - Corporate Strategy and Development
Han-Shen Yuan
Senior Vice President - Engineering
   
Business Overview
Upwork Inc. operates an online employment marketplace. The Company offers a platform that allows businesses with freelance labor and tools to hire, manage and pay for completed work. It allows businesses to find, hire and pay developers, designers, writers, marketers and support representatives, among others. Its platform also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. In addition, its platform provides access to functionality for remote engagements with freelancers, including communication and collaboration, time tracking, invoicing and payment. It enables clients to find freelances in various categories, such as accounting, business support, copy edition, e-commerce development, information technology services, personal and virtual assistance, search engine optimization, graphic design, mobile development, sales and Web development. Upwork Escrow Inc. is the Company's wholly owned subsidiary.
Financial Overview
For the nine months ended 30 September 2019, Upwork Inc revenues increased 19% to $222M. Net loss decreased 34% to $9.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Other (income) expense, net increase from $3.8M (expense) to $1.8M (income), Provision for transaction losses decrease of 41% to $2.7M (expense).
Employees: 430 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $1,319M as of Sep 30, 2019
Annual revenue (TTM): $289.31M as of Sep 30, 2019
EBITDA (TTM): -$7.07M as of Sep 30, 2019
Net annual income (TTM): -$14.95M as of Sep 30, 2019
Free cash flow (TTM): $7.08M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 112,020,807 as of Oct 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization