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Stock impact report

Upwork Inc (UPWK) Posts Remarkable Turnaround with Full Year Net Income of $46.9 Million [Yahoo! Finance]

Upwork Inc. (UPWK) 
Last upwork inc. earnings: 2/26 04:09 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Net Income : A significant turnaround with a net income of $17.4 million in Q4, compared to a net loss of $(16.5) million in the same quarter last year. Earnings Per Share (EPS) : Diluted EPS for Q4 stood at $0.13, a stark improvement from a loss per share of $(0.13) in Q4 2022. Adjusted EBITDA : Q4 adjusted EBITDA soared to $30.5 million, up from $1.1 million in the prior year's quarter. Client Growth : Active clients grew by 5% year-over-year, hitting an all-time high of 851,000. Free Cash Flow : Adjusted free cash flow for the full year was $48.3 million, a positive shift from $(2.2) million in the previous year. Warning! GuruFocus has detected 5 Warning Sign with UPWK. On February 14, 2024, Upwork Inc ( NASDAQ:UPWK ) released its 8-K filing , detailing its financial results for the fourth quarter and full year of 2023. The company, known for its global online marketplace that connects businesses with skilled independent professionals, has demonstrated resilience and a Show less Read more
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