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.
Stamps.com (STMP) was a provider of e-commerce shipping solutions whose company news centered on mailing and shipping software, operating results, material agreements, shareholder voting matters, and capital-structure developments. Updates also covered Metapack delivery technology, including shipping plans, Delivery Manager capabilities, carrier integrations, labels, customs documents, and ecommerce delivery research for retailers.
Stamps.com became a historical public-company reference after Thoma Bravo completed its cash acquisition of the company in 2021. Following the transaction, Stamps.com common stock ceased trading and was de-listed from the NASDAQ Global Select Market.
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.