SPS Commerce Q3 2021 Earnings Report
Key Takeaways
SPS Commerce announced financial results for the third quarter ended September 30, 2021. Revenue was $97.9 million, a 23% increase from Q3 2020. Net income was $11.4 million, or $0.31 per diluted share. The company also announced a new stock repurchase program of up to $50.0 million.
Revenue was $97.9 million in the third quarter of 2021, compared to $79.6 million in the third quarter of 2020, reflecting 23% growth.
Recurring revenue grew 20% from the third quarter of 2020.
Net income in the third quarter of 2021 was $11.4 million or $0.31 per diluted share.
Non-GAAP net income per diluted share was $0.47 in the third quarter of 2021.
SPS Commerce
SPS Commerce
Forward Guidance
Fourth quarter 2021 revenue is expected to be in the range of $99.9 million to $100.5 million. Fourth quarter net income per diluted share is expected to be in the range of $0.24 to $0.25. Non-GAAP net income per diluted share is expected to be in the range of $0.41 to $0.42. Adjusted EBITDA is expected to be in the range of $26.3 million to $26.8 million.