Atlanta's WorthPoint Delivers Strong Enterprise Growth in Q1 2020

WorthPoint, the largest online resource for researching and valuing antiques, art, and collectibles, has reported strong growth across all areas of the company for the quarter ending March 31, 2020.

The Sandy Springs, Ga.-based company increased billings, cash flow, and profitability while growing site traffic. Operationally, WorthPoint expanded its databases by millions of new items and added employees in both the United States and Europe.

During Q1 2020, WorthPoint’s gross billings grew by 37%, and site visits rose steadily, up nearly 50% year over year. European traffic increased between 10% and 25% across several nations in Q1, with some dramatic escalations starting as government-mandated stay-at-home orders took effect during March.

The company remained focused on data and content growth, injecting more than 21 million new items into its three databases so far this year and adding new business partners across several specialty areas. WorthPoint also hired a full-time senior editor and expanded its team of contributing writers.

“This is a robust start to our fiscal year,” said WorthPoint CEO and Founder Will Seippel. “We’ve seen strong traffic and increased subscriber use of WorthPoint these past few weeks as the population adjusts to working from home. The strong traffic provides reassurance our business model will continue to help people during this time of global crisis.”

Continuing the course set for 2020, WorthPoint is focused on technical innovations for the site. This focus includes development of image recognition that will launch in Q4 of 2020 for the marks database, and calibration of the site’s virtual Vault product. The Vault is currently in Beta and will be ready for homeowner use in 2021. WorthPoint’s aggressive investment in both machine learning and image recognition technology is an industry-leading initiative that will change the way users interact with the site. These technical advances will make it easier for users to identify and discover items.

The company is also investing resources to build specialized content and will introduce the industry’s most robust directory on Japanese pottery this year. The directory will feature images, books, and articles that offer descriptions, translations, dates, names, and other details. WorthPoint currently features 17 Dictionary pages on Japanese ceramics and nearly 1,100 marks. More than 2,000 images will be added in the months ahead. This collection will be the most comprehensive resource for Japanese pottery in the world and will make great use of image recognition.

“Our continued investments in technology, including a focus on taxonomy, machine learning, and visual recognition, provide a strong foundation for growth and are helping us deliver a unique and seamless search experience for subscribers,” said Seippel. “We remain bullish on the opportunities for growth that we set prior to the COVID-19 pandemic. We are managing resources carefully and are focused on innovations that not only bring value to our customers but set us very far apart from the competition.”

About WorthPoint Corporation: With 2.4 billion images and more than 15 years’ worth of pricing data on 520 million items, WorthPoint is the largest resource for researching and valuing antiques, art and vintage collectibles. The company’s suite of offerings on WorthPoint.com includes the Worthopedia™ Price Guide; a M.A.P.S Gallery to identify over 140,000 makers’ marks, autographs, patterns, and symbols; and a digital Library of more than 1,000 books, guides and catalogs from leading publishers on a wide range of collecting topics. Based in Atlanta, WorthPoint has subscribers on six continents. For more information, visit www.WorthPoint.com.