Stamps.com net income down 73% in Q3 results

Stamps.com net income down 73% in Q3 results

Stamps.com, provider of postage online and shipping software, has announced results for the quarter ended 30 September, 2019.

Third Quarter 2019 Financial Highlights

  • Total revenue was $136.2 million, down 5% compared to $143.5 million in the third quarter of 2018.
  • GAAP net income was $9.1 million, down 73% compared to $33.4 million in the third quarter of 2018.
  • GAAP net income per fully diluted share was $0.52, down 70% compared to $1.75 in the third quarter of 2018.
  • Non-GAAP adjusted EBITDA was $34.5 million, down 43% compared to $61.0 million in the third quarter of 2018.
  • Non-GAAP adjusted income per fully diluted share was $1.12, down 60% compared to $2.76 in the third quarter of 2018.

“In our ongoing efforts to evolve our strategy to more fully embrace a global multi-carrier and e-commerce services focused business model, we achieved a significant milestone with the recent announcement of our new partnership with UPS,” said Ken McBride, Stamps.com’s Chairman and CEO. ”We’re excited about this new collaboration and view it as a meaningful step in our strategy to diversify our carrier relationships.”

For the full report see

Relevant Directory Listings

Listing image

Spectos GmbH

The Spectos Group, headquartered in Dresden, Germany, is an independent and internationally acknowledged company in the fields of market research, data analytics, technology, digitization and operations. Spectos supports its customers with tailor-made B2B solutions for the monitoring, management and design of their service quality in […]

Find out more

Other Directory Listings

Leave a comment

Your email address will not be published. Required fields are marked *

News Archive

Advertisement

MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

 

P&P Poll

Loading

What’s been the most interesting trend of 2019?

Thank you for voting
You have already voted on this poll!
Please select an option!




Pin It on Pinterest

Share This