(STMP) moves to profit (3Q04 earnings)

| About: Inc. (STMP)
This article is now exclusive for PRO subscribers. (ticker: STMP) reported its first ever profitable quarter for Q3. Details:

Q4 Results
(all percentages changes and comparisons are year on year, unless stated otherwise)

  • EPS was $0.03.
  • Revenue was $10.7 million, up 101%.
  • The core PC postage business did revenue of $9.3 million, up 75%.
  • Revenue mix: subscription revenue was $7.1 million, up 61%. Store revenue was $1.4 million, up 67%. INsurance fees, licensing fees and other was $0.8 million.
  • Gross margin was 67%, up 4% points.
  • Gross margin for the core PC postage business was 72%.
  • 78,000 sheets of PhotoStamps were shipped, generating $1.4 million of revenue and $500,000 in gross profit. Incremental sales and marketing costs for PhotoStamps were $300,000.
  • Net income was $0.7 million.