February 23, 2017
Stamps.com Reports Fourth Quarter and Fiscal 2016 Results
EL SEGUNDO, CA — (Marketwired) — 02/23/17 — Stamps.com® (NASDAQ: STMP), the leading provider of postage online and shipping software solutions to over 675 thousand customers, today announced results for the fourth quarter and fiscal year ended December 31, 2016.
Fourth Quarter 2016 Financial Highlights
Total revenue was $105.9 million, up 52% compared to the fourth quarter of 2015.
GAAP net income was $29.0 million, compared to a net loss of $0.1 million in the fourth quarter of 2015.
GAAP net income per fully diluted share was $1.61, compared to a net loss of $0.00 in the fourth quarter of 2015. Non-GAAP adjusted EBITDA was $55.9 million, up 85% compared to $30.2 million in the fourth quarter of 2015. Non-GAAP adjusted income per fully diluted share was $2.73, up 74% compared to $1.57 in the fourth quarter of 2015.
“We were very pleased with our fourth quarter and fiscal 2016 performance,” said Ken McBride, Stamps.com’s chairman and CEO. “This was another exceptional year for Stamps.com with strong execution in all of our business areas. During 2016 we continued to see the benefits from our 2014 acquisitions of ShipStation and ShipWorks, and we successfully integrated and realized synergies from our 2015 acquisition of Endicia. During 2016 we completed our acquisition of ShippingEasy and began the integration of that exciting new business as well. Across all of our products and…