Stamps.com (NASDAQ: STMP) is the leading provider of postage online and shipping software solutions to customers, including consumers, small businesses, e-commerce shippers, enterprises, and high volume shippers. Stamps.com offers solutions that help businesses run their shipping operations more smoothly and function more successfully under the brand names Stamps.com, Endicia, ShipStation, ShipWorks, ShippingEasy, and MetaPack.
Stamps.com (NASDAQ: STMP) reported results for the fourth quarter and fiscal year ended December 31st, 2019. For the fourth quarter, total revenue amounted to USD 160.9 Million, a 5% drop compared to USD 170.2 Million a year ago. Net income fell 52% to USD 20.3 Million compared to USD 42.7 Million in the fourth quarter of 2018.
“In 2019, we continued to make significant strides towards our goal of being the leading worldwide multi-carrier e-commerce software company. We continued to invest in our products and partnerships throughout 2019 to address the significant opportunities in the U.S. and internationally. We are very excited about our business prospects in 2020 and beyond,” said Ken McBride, Stamps.com’s Chairman and CEO.
For Fiscal Year 2019, total revenue reached USD 571.9 Million, a 3% decrease compared to 2018. Shipping and mailing revenue totaled in USD 557.1 Million, a 2% shortfall compared to 2018. GAAP income from operations summed up to USD 93.6 Million while net income per share was USD 3.33.
For the fourth quarter, the company repurchased 76,000 shares at a total cost of USD 6 Million.
The company expects GAAP net income per diluted share to range from USD 2.08 to USD 2.92.