Second Quarter 2018 Financial Highlights
In July 2018, Stamps.com entered into a definitive agreement to acquire MetaPack Ltd. (“MetaPack”), a United Kingdom-based software company that provides the world’s leading multi-carrier enterprise-level solution to many of the world’s preeminent e-commerce retailers and brands. The Companys second quarter financial results and 2018 financial outlook do not include MetaPack, as the transaction has not closed.
Total revenue was $139.6 million, up 20% compared to $116.1 million in the second quarter of 2017.
GAAP net income was $45.5 million, up 47% compared to $31.0 million in the second quarter of 2017.
GAAP net income per fully diluted share was $2.41, up 41% compared to $1.71 in the second quarter of 2017.
Non-GAAP adjusted EBITDA was $63.6 million, up 10% compared to $58.1 million in the second quarter of 2017.
Non-GAAP adjusted income per fully diluted share was $2.75, up 32% compared to $2.08 in the second quarter of 2017.
“We were very pleased with our acquisition of MetaPack and with our second quarter performance,” said Ken McBride, Stamps.com's Chairman and CEO. “Our growth continues to be driven by success in the shipping area of our business. With MetaPack we will be able to accelerate our focus on international expansion, and will be in a much better position to address the global e-commerce shipping industry. We are continuing to execute on our operational and strategic plans and we are excited about our long-term business opportunities.”
Stamps.com Reports Second Quarter 2018 Results | Stamps.com
