Upwork Inc (OQ:UPWK)

Business Focus: N/A

Sector:  Industrials Industry:  Employment Services
See Regulatory Filings on SEC
Company Contact
Address: 441 Logue Ave
Tel: N/A
Website: N/A
Key People
Thomas H. Layton
Executive Chairman of the Board
Han-Shen Yuan
Senior Vice President - Engineering
Stephane Kasriel
President, Chief Executive Officer, Director
Brian Kinion
Chief Financial Officer
Efstratios Karamanlakis
Senior Vice President, Chief Technology Officer
Eric Gilpin
Senior Vice President of Sales
Lars Asbjornsen
Senior Vice President of Marketing
Rich Pearson
Senior Vice President - Marketing
Zoe Harte
Senior Vice President - Human Resources and Talent Innovation
Elizabeth Tse
Senior Vice President - Operations
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 six months ended 30 June 2019, Upwork Inc revenues increased 17% to $143.2M. Net loss decreased 6% to $6.8M. 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 $422K (expense) to $1.3M (income), Provision for transaction losses decrease of 45% to $1.5M (expense).
Employees: 430 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $1,547M as of Jun 30, 2019
Annual revenue (TTM): $274.64M as of Jun 30, 2019
EBITDA (TTM): -$7.80M as of Jun 30, 2019
Net annual income (TTM): -$19.47M as of Jun 30, 2019
Free cash flow (TTM): -$37.70M as of Jun 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 110,803,709 as of Jul 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization