Stamps.com total revenue up 8% in Q4 2013

Stamps.com (NASDAQ: STMP) said its total revenue for the fourth quarter of 2013 was USD32.4m, up eight percent compared to the fourth quarter of 2012.

Non-GAAP operating margin was 30.7 percent compared to 25.4 percent in the fourth quarter of 2012. GAAP net income was USD18.9m or USD1.13 per fully diluted share, including USD0.9m in stock-based compensation expense and a non-cash income tax benefit of USD9.7m.

On a non-GAAP basis, excluding the stock-based compensation expense and non-cash income tax benefit, income from operations was USD9.9m, net income was USD10.1m and net income per fully diluted share was USD0.61, up 30, 33 and 29 percent, respectively, versus the fourth quarter of 2012.

Stamps.com is a provider of Internet-based postage services. Stamps.com´s service enables customers to print US Postal Service-approved postage with just a computer, printer and Internet connection, right from their homes or offices. The company currently has PC Postage partnerships with Avery, Microsoft, HP, the US Postal Service and others.

PhotoStamps is a patented Stamps.com product that couples the technology of PC Postage with the simplicity of a web-based image upload and order process. Customers may create full custom PhotoStamps with their own digital photograph, or they may choose a licensed image from one of many PhotoStamps collections such as the collegiate collection. Stamps.com currently has PhotoStamps partnerships with HP/Snapfish and others.

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