Upwork: 4Q Earnings Snapshot
SANTA CLARA, Calif. (AP) _ Upwork Inc. (UPWK) on Wednesday reported a loss of $5.5 million in its fourth quarter.
On a per-share basis, the Santa Clara, California-based company said it had a loss of 5 cents.
The online freelance marketplace operator posted revenue of $80.3 million in the period.
For the year, the company reported that its loss narrowed to $16.7 million, or 15 cents per share. Revenue was reported as $300.6 million.
For the current quarter ending in April, Upwork said it expects revenue in the range of $81.5 million to $82.5 million.
The company expects full-year revenue of $340 million.
Upwork shares have declined 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.15, a drop of 64% in the last 12 months.