Revenue segments as reported by the company.

Marketplace

Managed Services

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Provision for transaction losses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Upwork Inc

Upwork, Inc. operates an online marketplace that enables businesses to find, hire, and pay freelancers for short-term and longer-term projects. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The company was founded by Odysseas Tsatalos and Efstratios Karamanlakis in December 2013 and is headquartered in San Francisco, CA.

Earnings data Q3 2023

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

eXp World Holdings Inc

Uber

I recently read an article from ReadWrite, an online publication about emerging technologies. The article discussed independent contractors' past, present and future in the modern workforce.

Cashing In on the Freelancer Wave: 3 Stocks Winning With Independent Contractors

We initiate our Upwork coverage with a buy rating as we think current macro headwinds have been priced into the stock. We are constructive on management's focus on operating expenses reduction and margins expansion. The gig economy is estimated to grow at a 16% CAGR to $873B by 2028, and we think Upwork is uniquely positioned to capture a significant portion of the market.

Upwork: Weakness Priced In, Outperformance Ahead

Adobe

Analog Devices

Advanced Micro Devices

Fortinet

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Semrush Holdings

In 2023, tech stocks to buy have boomed led by the ‘Magnificent 7' which have propelled much of the overall market gains. However, they've also proven volatile experiencing hiccups early in August as valuation concerns mounted.

7 Tech Stocks to Buy to Go Beyond the ‘Magnificent 7'

SAN FRANCISCO, Aug. 29, 2023 (GLOBE NEWSWIRE) --   Upwork Inc. (Nasdaq: UPWK), the world's largest1 work marketplace that connects businesses with independent talent from across the globe, today announced that President and CEO Hayden Brown, CFO Erica Gessert, and VP of Investor Relations Evan Barbosa will participate in the following upcoming investor conferences:

Upwork to Participate in Upcoming Investor Conferences

Houston, Texas--(Newsfile Corp. - August 29, 2023) - Jeremy McGilvery, a Harvard graduate and prominent Houston-based web designer has celebrated yet another remarkable achievement in his career as his Upwork account surpassed the astounding $1,000,000 mark in revenue. As a leader in the web design, this monumental accomplishment solidifies McGilvery's position as one of the top freelancers on the Upwork platform, renowned for his expert ability in crafting conversion-focused websites and tightly engineering sales funnels.

Jeremy McGilvery's Upwork Account Surpasses $1,000,000 In Revenue

From a technical perspective, Upwork Inc. (UPWK) is looking like an interesting pick, as it just reached a key level of support. UPWK's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.

Upwork (UPWK) Just Flashed Golden Cross Signal: Do You Buy?

ChatGPT, Natural Language Processing (NLP), TensorFlow, and Image Processing make the list for top generative AI-related hires on the Upwork platform ChatGPT, Natural Language Processing (NLP), TensorFlow, and Image Processing make the list for top generative AI-related hires on the Upwork platform

Upwork Unveils Top 10 Generative AI-Related Searches and Hires in First Half of 2023

Several surveys suggest that working professionals are open to freelance opportunities as well as preferring to work remotely. Upwork saw a big increase in searches on its platform for generative AI skillsets.

Could This Gig Economy Stock Be a Secret AI Company?

Shares of the world's largest business freelance platform Upwork. Inc. NASDAQ: UPWK exploded higher by more than 50% higher on its Q2 2023 earnings report.

AI is Turning Things Up for Upwork

Grab Holdings Ltd

Infosys

Palantir Technologies

Pubmatic

Snap

TTM Technologies

The tech sector has been on a tear in 2023 largely due to the emergence of generative artificial intelligence (AI) and all that it promises. The upswing in valuation has largely benefited a handful of mega-cap stocks including Nvidia (NASDAQ: NVDA ), Microsoft (NASDAQ: MSFT ) and other members of the magnificent seven.

7 Tech Stocks Under $20 to Snap Up Before the Surge

Fiverr

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Is AI a threat, or an opportunity to create more wealth?

How to Make Money With AI

Upwork wasn't supposed to earn money in Q2, but it did. The company earned $0.10 per share on an adjusted basis, but lost $0.03 per share on a GAAP basis.

Why Upwork Stock Rocketed 40% Today

Markets moved slightly lower early Thursday as investors stayed nervous about the immediate future of the economy. Upwork shares jumped as the freelance platform provider announced extensive AI-related capabilities.

The Freelance Revolution Is Alive and Well, According to These 2 Stocks

Start Time: 17:00 January 1, 0000 5:40 PM ET Upwork Inc. (NASDAQ:UPWK ) Q2 2023 Earnings Conference Call August 02, 2023, 17:00 PM ET Company Participants Hayden Brown - President and CEO Erica Gessert - CFO Evan Barbosa - VP, IR Conference Call Participants Eric Sheridan - Goldman Sachs Andrew Boone - JMP Securities Matt Farrell - Piper Sandler Rohit Kulkarni - ROTH Ronald Josey - Citi John Byun - Jefferies Stefanos Crist - Needham Operator Good day and thank you for standing by. Welcome to the Upwork's Second Quarter 2023 Earnings Conference Call.

Upwork Inc. (UPWK) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Upwork (UPWK) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Upwork (UPWK) Reports Q2 Earnings: What Key Metrics Have to Say

Upwork (UPWK) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.04 per share a year ago.

Upwork (UPWK) Q2 Earnings and Revenues Beat Estimates

Shares of Upwork Inc. UPWK, -0.50% rallied nearly 20% in the aftermarket Wednesday after the platform for freelancers narrowed its quarterly loss, swinging to an adjusted profit, and reported revenue above Wall Street expectations. Upwork lost $4 million, or 3 cents a share, in the second quarter, compared with a loss of $23.8 million, or 18 cents a share, in the second quarter of 2022.

Upwork stock jumps nearly 20% after freelance platform swings to adjusted Q2 profit, revenue rises 7%

SAN FRANCISCO, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest1 work marketplace that connects businesses with independent talent from across the globe, today announced its financial results for the second quarter of 2023. Please visit the Upwork Investor Relations website at investors.upwork.com/financial-information/quarterly-results to view Upwork's second quarter 2023 Shareholder Letter.

Upwork Reports Second Quarter 2023 Financial Results

OpenAI Experts on Upwork program provides access to pre-vetted, highly skilled AI talent so businesses can bring the power of OpenAI technologies to their products, solutions and projects OpenAI Experts on Upwork program provides access to pre-vetted, highly skilled AI talent so businesses can bring the power of OpenAI technologies to their products, solutions and projects

Upwork and OpenAI Partner to Connect Businesses with OpenAI Experts

Upwork Inc. is a leading digital freelance marketplace that has seen significant growth in the gig economy and online talent market. Upwork monetizes both ends of its marketplace successfully, generating revenue from both freelancers and clients. The company has successfully grown revenue consistently YoY, driven by strong active client, GSV per active client, and take rate growth.

Upwork: The Future Of (Up)Work Looks Bright

Procore Technologies

Zscaler

Procore Technologies is under the radar for focusing on the construction industry, which receives less attention from investors than other industries like technology or healthcare. Zscaler is a company that focuses on aspects of cybersecurity that the average person may not understand very well; therefore, it has fallen off many investors' radar screens.

3 Under-the-Radar Stocks with Big Potential

Partnering with OpenAI, Upwork announced a set of new AI tools. AI stocks have soared this year, and Upwork is looking to harness some of the growth in the new technology.

Why Upwork Stock Was Moving Higher Today

Generative AI-enabled experiences for talent and businesses on Upwork accelerate the movement towards AI-empowered workforces Generative AI-enabled experiences for talent and businesses on Upwork accelerate the movement towards AI-empowered workforces

Upwork Launches New Generative AI Tools and Services Hub, Creating Central Destination for Skilled AI Talent and Work

SAN FRANCISCO, July 05, 2023 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, as measured by gross services volume (“GSV”), today announced that it will report its financial results for the second quarter of 2023 on Wednesday, August 2, 2023 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.

Upwork to Report Second Quarter 2023 Financial Results on August 2, 2023

Okta

PayPal

Many have touted artificial intelligence (AI) in Wall Street for its stock-picking abilities, and I can confirm that AI is great for that. One AI model that stands out here is Google's Bard AI, and its picks were surprisingly in line with Wall Street estimates too.

News for Upwork Inc Stock (UPWK)