Welcome to our dedicated page for Stamps.com news (Ticker: STMP), a resource for investors and traders seeking the latest updates and insights on Stamps.com stock.
This page provides a historical news archive for Stamps.com Inc., which was represented by the ticker symbol STMP when it traded on the NASDAQ Global Select Market. Company press releases describe Stamps.com as a provider of e-commerce shipping software solutions serving consumers, small businesses, e-commerce shippers, enterprises and high-volume shippers through brands such as Stamps.com, Endicia, ShipStation, ShipEngine, ShippingEasy, ShipWorks, GlobalPost and Metapack.
The news flow around STMP covers several key themes. Earlier releases focus on financial results, company metrics and developments in its shipping and mailing software offerings. Other items describe activity at subsidiaries and related brands, such as Metapack’s ecommerce delivery technology and its Delivery Manager platform, which connects retailers to a large carrier network and supports services like delivery options, tracking and returns.
A major strand in the historical news record is the company’s corporate transaction with Thoma Bravo. In July 2021, Stamps.com announced a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction valued at approximately $6.6 billion, followed by stockholder approval of the merger agreement and, in October 2021, confirmation that the acquisition had closed and that Stamps.com common stock would be de-listed from NASDAQ.
Investors and researchers can use this news archive to review how Stamps.com communicated its e-commerce shipping strategy, how its subsidiaries such as Metapack described their delivery technology, and how the acquisition by Thoma Bravo and subsequent de-listing of STMP were announced over time.
GlobalPost, a leader in international shipping, has launched the GlobalPost Plus SmartSaver service, tailored for online retailers shipping over 30 packages daily. This innovative solution offers a fast, low-cost international shipping alternative, including prepaid duties and taxes for parcels to the UK, Mexico, and Canada. Key features include allowance for packages up to 66 lbs and values up to $2,500, along with advanced electronic customs clearance. This service aims to enhance customer experience, reduce returns, and improve sales conversion rates for online sellers.
Stamps.com (STMP) reported impressive Q3 2020 results, with total revenue hitting $193.9 million, up 42% year-over-year. GAAP net income surged to $64.0 million, a remarkable 599% increase from $9.1 million in Q3 2019, reflecting a GAAP net income per diluted share of $3.30. Non-GAAP adjusted EBITDA was $71.2 million, up 107% from $34.5 million last year. The company expects revenue for fiscal 2020 to be between $705 million and $735 million, raising previous guidance from $650 million to $725 million.
Stamps.com (NASDAQ: STMP) has announced a conference call to discuss its Third Quarter 2020 financial results, scheduled for November 5, 2020, at 5:00 PM ET. The earnings press release will be available at 4:30 PM ET on the same day. Investors and interested parties can access the call via the Investor Relations website. The press release emphasizes the company's role as a leading provider of online postage and shipping software solutions for various customers, signaling ongoing engagement with shareholders regarding financial performance.