WorthPoint Exceeds Projections for Q3 2020

USA - English

• USA - English

ATLANTA, Oct. 20, 2020 /PRNewswire-PRWeb/ -- WorthPoint Corporation, the largest online resource for researching, valuing, and preserving antiques, art, and collectibles, today announced business results for the three-month period ending Sept. 30, 2020, marking the fifteenth quarter of sequential revenue growth for the company.

WorthPoint's third-quarter revenue grew by 19% compared to Q2 2020, up 42% from the same period in 2019. Subscriber count also continued to increase, up 17% from Q2 with a year-over-year increase of 40%.

Site traffic for WorthPoint.com was up 14% over Q2 and up 126% from Q3 2019. WorthPoint now ranks 564 in the U.S. for web traffic as of Oct. 1, up from an early July 2020 Alexa ranking of 632.

The amount of content in WorthPoint's Worthopedia™ database, which already surpasses all competitive websites, continues to advance: The Price Guide grew by 12 million items and now includes more than 545 million prices realized. The M.A.P.S gallery of marks, autographs, patterns, and symbols grew by 5,800 items to surpass 153,000, while the number of Dictionary pages expanded by 600 in Q3, bringing the total to nearly 2,400 Dictionary pages on the site.

"This time last year, WorthPoint was focused on improving the site design and connecting all of our Worthopedia databases to deliver a truly seamless user experience," said Will Seippel, WorthPoint Founder and CEO. "In 2020, we've focused on content with equal importance. That dual concentration has made WorthPoint more relevant to user groups in various applications."

WorthPoint announced partnership agreements with two new auction houses in Q3: Toys Trains and Other Old Stuff, LLC and Hake's Auctions. In addition, during Q3, WorthPoint began building a team led by Corey Cripe Kuchel, who is based in Australia, to expand its connections with more of the world's leading auction houses. The company also plans to add a Vice President of Marketing before year's end.

In recognition of WorthPoint's tremendous growth over the past three years, the company earned a spot on the prestigious Inc. 5000 list of Fastest-Growing Private Companies in 2020. This is the fourth time WorthPoint has made the list since its founding in 2007. In August, the company was also recognized by the Atlanta Business Chronicle as part of their annual 50 on Fire Awards. WorthPoint was awarded top honors in the Consumer Products category for 2020.

"We are proud to be part of the Inc. 5000 once again and to be recognized by peers and leaders in our hometown," said Seippel. "It is especially gratifying to be recognized for great performance at a time of economic disruption. We are 100 percent focused on providing the best resource at the best value for our customers and our partners; to grow and thrive in this environment is a testament to the hard work and ingenuity of our team members across the globe."

Continuing the roadmap set for 2020, WorthPoint remains focused on technical innovations during Q4 and beyond. Progress continues on proprietary image recognition technology, with a private beta release planned for early November. The company will integrate KITABOO, an e-book publishing platform, this month to power the growth of WorthPoint's online Library. The investment will allow WorthPoint to nearly double the current size of its Library by year's end. The company is also launching mobile registration for the Price Guide in Q4, giving users the ability to purchase a WorthPoint Price Guide subscription directly from their mobile devices.

About WorthPoint Corporation:
WorthPoint Corporation manages the largest online resource for researching, valuing, and preserving antiques, art, and collectibles. The company's suite of offerings on WorthPoint.com includes a Price Guide, a resource gallery for identifying maker's marks, autographs, patterns, and symbols (M.A.P.S.), and a digital Library with over 1,100 books on collectible topics. Through data aggregated from online marketplaces including eBay and leading auction houses, WorthPoint empowers the antiques and collectibles industry by providing a steady stream of new data each month, building on 545 million archived prices and more than 2.4 billion images to improve pricing transparency for sellers and buyers. Based in Atlanta, WorthPoint has subscribers on six continents.

SOURCE WorthPoint