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Upwork sees FY23 EPS 11c-15c, consensus 3c

Sees FY23 revenue $690M-$705M, consensus $720.22M. "A path towards GAAP profitability, in addition to adjusted EBITDA profitability, is an important part of Upwork’s long-term financial plans. We had $75.5 million in stock-based compensation expense for the full year of 2022. We expect stock-based compensation expense to increase compared to 2022 and to average more than $20 million per quarter for 2023. We have recently made a number of adjustments to our compensation-based equity award program to manage dilution to our stockholders over time," the company said. Reference Link

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