NASDAQ$SPSC

SPS Commerce Inc. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

SPS Commerce reported strong Q4 and full year results, driven by growth in recurring revenue and net new customer additions.

SPS Commerce announced its Q4 2020 financial results, achieving revenue of $83.3 million, a 15% increase compared to Q4 2019. The company's net income for the quarter was $13.5 million, or $0.37 per diluted share. SPS Commerce delivered its 80th consecutive quarter of topline growth.

  • Revenue for Q4 2020 reached $83.3 million, up 15% from Q4 2019.
  • Recurring revenue grew by 15% compared to the fourth quarter of 2019.
  • Net income for Q4 2020 was $13.5 million, or $0.37 per diluted share, compared to $9.2 million, or $0.25 per diluted share, in Q4 2019.
  • Net new customer additions grew by 27% during the year.

Headline financials

Total Revenue

$83.3M

Previous: $72.7M+14.5%
EPS (adj)

$0.40

Previous: $0.35+14.3%
Capital Expenditures

$4.83M

Previous: $5.2M-7.1%
Free Cash Flow

$18.2M

Previous: $15.6M+16.4%
Net Income

$13.5M

Previous: $9.2M+46.7%
Operating Income

$13.6M

Previous: $10.8M+25.9%
Gross Profit

$56.4M

Previous: $48.8M+15.5%
Cash & Equivalents

$150M

Previous: $179M-16.5%
Total Assets

$526M

Previous: $447M+17.7%
Stock-Based Comp

$4.69M

Previous: $3.37M+39.0%

Revenue & EPS history

SPS Commerce · Revenue · Quarterly

$83.3M

Q4 2020+14.5%vs Q4 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

SPS Commerce · $20 total across 1 segment · Q3 2023

  • Recurring Revenue
    $20

Forward guidance

SPS Commerce provided revenue guidance for Q1 2021 to be in the range of $86.8 million to $87.8 million. Full year 2021 revenue is expected to be in the range of $363.0 million to $366.0 million, representing approximately 16% to 17% growth over 2020.

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 2020

Historical avgQ4 2020

+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

Earnings price reactions
QuarterReport dateReaction (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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