2023-07-27 16:37:43 ET
- SPS Commerce press release ( NASDAQ: SPSC ): Q2 Non-GAAP EPS of $0.69 beats by $0.06 .
- Revenue of $130.4M (+19.4% Y/Y) beats by $1.63M .
- Recurring revenue grew 20% from the second quarter of 2022.
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Third Quarter 2023 Guidance
- Revenue is expected to be in the range of $133.6 million to $134.4 million.
- Net income per diluted share is expected to be in the range of $0.37 to $0.38, with fully diluted weighted average shares outstanding of 37.6 million shares.
- Non-GAAP income per diluted share is expected to be in the range of $0.65 to $0.67.
- Adjusted EBITDA is expected to be in the range of $39.3 million to $40.0 million.
- Non-cash, share-based compensation expense is expected to be $11.7 million, depreciation expense is expected to be $4.9 million, and amortization expense is expected to be $3.7 million.
Full Year 2023 Guidance
- Revenue is expected to be in the range of $528.5 million to $530.0 million, representing 17% to 18% growth over 2022.
- Net income per diluted share is expected to be in the range of $1.60 to $1.63, with fully diluted weighted average shares outstanding of 37.4 million shares.
- Non-GAAP income per diluted share is expected to be in the range of $2.69 to $2.72.
- Adjusted EBITDA is expected to be in the range of $155.8 to $156.9 million, representing 18% to 19% growth over 2022.
- Non-cash, share-based compensation expense is expected to be $46.2 million, depreciation expense is expected to be $19.4 million, and amortization expense is expected to be $14.7 million.
For further details see:
SPS Commerce Non-GAAP EPS of $0.69 beats by $0.06, revenue of $130.4M beats by $1.63M