NASDAQ$SPSC
SPS Commerce Inc. · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
SPS Commerce reported its 76th consecutive quarter of topline growth, driven by a 14% increase in recurring revenue compared to 2018.
SPS Commerce announced strong Q4 2019 results, with a 12% increase in revenue to $72.7 million and a 13% growth in recurring revenue. Net income rose to $9.2 million, or $0.25 per diluted share, while non-GAAP net income per diluted share reached $0.35. The company's adjusted EBITDA increased by 35% to $18.9 million.
- Revenue for Q4 2019 reached $72.7 million, a 12% increase compared to Q4 2018.
- Recurring revenue grew by 13% compared to the fourth quarter of 2018.
- Net income for Q4 2019 was $9.2 million, or $0.25 per diluted share, compared to $7.1 million, or $0.20 per diluted share, in Q4 2018.
- Adjusted EBITDA for Q4 2019 increased 35% to $18.9 million compared to Q4 2018.
Headline financials
Revenue & EPS history
SPS Commerce · Revenue · Quarterly
$72.7M
Revenue by segment
SPS Commerce · $72.7M total across 1 segment · Q4 2019
- Recurring Revenue$72.7M—100.0%
Forward guidance
SPS Commerce provided guidance for Q1 2020 and full year 2020, expecting revenue to be in the range of $73.6 million to $74.2 million for Q1 and $306.5 million to $308.5 million for the full year. Net income per diluted share is expected to be in the range of $0.19 to $0.20 for Q1 and $0.85 to $0.88 for the full year. Non-GAAP net income per diluted share is expected to be in the range of $0.31 to $0.32 for Q1 and $1.34 to $1.37 for the full year. Adjusted EBITDA is expected to be in the range of $19.2 to $19.8 million for Q1 and $83.0 million to $84.5 million for the full year.
Tailwinds
- First quarter 2020 revenue is expected to be in the range of $73.6 million to $74.2 million.
- Full year 2020 revenue is expected to be in the range of $306.5 million to $308.5 million, representing approximately 10% to 11% growth over 2019.
- First quarter 2020 net income per diluted share is expected to be in the range of $0.19 to $0.20.
- Full year 2020 net income per diluted share is expected to be in the range of $0.85 to $0.88.
- First quarter 2020 non-GAAP net income per diluted share is expected to be in the range of $0.31 to $0.32.
Headwinds
- Full year 2020 non-GAAP net income per diluted share is expected to be in the range of $1.34 to $1.37.
- First quarter 2020 Adjusted EBITDA is expected to be in the range of $19.2 to $19.8 million.
- Full year 2020 Adjusted EBITDA is expected to be in the range of $83.0 million to $84.5 million, representing approximately 19% to 21% growth over 2019.
- First quarter 2020 non-cash, share-based compensation expense is expected to be approximately $4.6 million.
- For 2020, we expect an annual effective tax rate of approximately 30%.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2019
+1.1%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+2.8%
Avg return
30 days after
62%
40 / 65 earnings
Positive
+18.5%
Q2 2013
Best reaction
-21.7%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.5% | -0.4% | +1.1% | |
| Q4 2025 | -4.4% | -9.8% | -6.5% | |
| Q3 2025 | -20.3% | -21.8% | -19.8% | |
| Q1 2025 | -0.9% | +3.2% | +2.8% | |
| Q4 2024 | -13.8% | -17.5% | -30.5% | |
| Q3 2024 | -10.2% | -8.9% | -0.3% | |
| Q2 2024 | +1.8% | +1.1% | -3.4% | |
| Q1 2024 | +4.6% | +1.6% | +13.3% | |
| Q4 2023 | +15.6% | +5.8% | +1.1% | |
| Q3 2023 | -1.4% | +2.5% | +12.0% | |
| Q2 2023 | -0.3% | +0.1% | +2.6% | |
| Q1 2023 | +4.2% | +4.9% | +14.8% | |
| Q4 2022 | +6.0% | +9.7% | +3.0% | |
| Q3 2022 | +0.7% | -1.7% | +3.1% | |
| Q2 2022 | +4.9% | +10.8% | +10.3% | |
| Q1 2022 | +1.3% | +1.2% | -8.2% | |
| Q4 2021 | +3.4% | +2.9% | -1.8% | |
| Q3 2021 | -9.1% | -13.2% | -16.3% | |
| Q2 2021 | +9.7% | +12.6% | +35.3% | |
| Q1 2021 | +0.2% | -4.0% | -8.2% | |
| Q4 2020 | +1.4% | +1.7% | -1.6% | |
| Q3 2020 | -0.6% | +0.8% | +21.2% | |
| Q2 2020 | +1.4% | +1.7% | +9.1% | |
| Q1 2020 | -0.2% | +2.7% | +25.2% | |
| Q4 2019 | +3.6% | +4.5% | -22.6% | |
| Q3 2019 | +9.8% | +9.5% | +17.8% | |
| Q2 2019 | +9.8% | +9.7% | -3.9% | |
| Q1 2019 | +4.8% | +1.5% | -0.8% | |
| Q4 2018 | +15.4% | +18.0% | +16.3% | |
| Q3 2018 | +16.0% | +13.3% | +2.0% | |
| Q2 2018 | +10.9% | +11.0% | +25.8% | |
| Q1 2018 | +5.9% | +8.9% | +12.9% | |
| Q4 2017 | +9.6% | +6.2% | +24.4% | |
| Q3 2017 | -14.5% | -13.7% | -11.7% | |
| Q2 2017 | +0.2% | -0.8% | +1.0% | |
| Q1 2017 | -0.3% | +1.0% | +5.6% | |
| Q4 2016 | -19.3% | -14.0% | -19.2% | |
| Q3 2016 | -9.7% | -10.2% | -2.5% | |
| Q2 2016 | +3.9% | +3.0% | +7.5% | |
| Q1 2016 | +7.9% | — | — | |
| Q4 2015 | -21.7% | — | — | |
| Q3 2015 | +0.6% | — | — | |
| Q2 2015 | -1.6% | — | — | |
| Q1 2015 | +1.1% | — | — | |
| Q4 2014 | +9.6% | — | — | |
| Q3 2014 | -0.6% | — | — | |
| Q2 2014 | -2.9% | — | — | |
| Q1 2014 | -7.2% | — | — | |
| Q4 2013 | +4.0% | — | — | |
| Q3 2013 | +5.3% | — | — | |
| Q2 2013 | +18.5% | — | — | |
| Q1 2013 | +11.4% | — | — | |
| Q4 2012 | +0.1% | — | — | |
| Q3 2012 | -9.8% | — | — | |
| Q2 2012 | +11.6% | — | — | |
| Q1 2011 | -0.9% | — | — | |
| Q1 2012 | -2.9% | — | — | |
| Q4 2011 | +1.7% | — | — | |
| Q4 2009 | +1.7% | — | — | |
| Q3 2011 | +3.3% | — | — | |
| Q2 2010 | -2.0% | — | — | |
| Q2 2011 | -2.0% | — | — | |
| Q4 2010 | +0.8% | — | — | |
| Q3 2010 | +2.7% | — | — | |
| Q1 2010 | -0.3% | — | — |
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