SPS Commerce (NASDAQ: SPSC) reported Q4 EPS of $0.35, $0.05 better than the analyst estimate of $0.30. Revenue for the quarter came in at $72.7 million versus the consensus estimate of $72.61 million.

“Our ongoing focus on sustained growth and profitability is inherent in our business model,” said Archie Black, President and CEO of SPS Commerce. “Our ability to scale is unique as we leverage the lead-generation engine fueled by the power of our vast trading community, which positions SPS Commerce to become the world’s retail network.”

“SPS Commerce continues to deliver on its financial targets, capitalizing on the evolution of the retail industry and leveraging the power of our network to deliver profitable and sustained growth,” said Kim Nelson, CFO of SPS Commerce. “We serve a large and expanding addressable market and we are confident in our ability to continue to deliver ten percent or greater annual revenue growth and twenty percent annual adjusted EBITDA dollar growth.”

GUIDANCE:

SPS Commerce sees Q1 2020 EPS of $0.31-$0.32, versus the consensus of $0.32. SPS Commerce sees Q1 2020 revenue of $73.6-74.2 million, versus the consensus of $73.93 million.

• First quarter 2020 revenue is expected to be in the range of $73.6 million to $74.2 million. Full year 2020 revenue is expected to be in the range of $306.5 million to $308.5 million, representing approximately 10% to 11% growth over 2019.
• First quarter 2020 net income per diluted share is expected to be in the range of $0.19 to $0.20 with fully diluted weighted average shares outstanding of approximately 36.2 million shares. Full year 2020 net income per diluted share is expected to be in the range of $0.85 to $0.88 with fully diluted weighted average shares outstanding of approximately 36.3 million shares.
• First quarter 2020 non-GAAP net income per diluted share is expected to be in the range of $0.31 to $0.32. Full year 2020 non-GAAP net income per diluted share is expected to be in the range of $1.34 to $1.37.
• First quarter 2020 Adjusted EBITDA is expected to be in the range of $19.2 to $19.8 million. Full year 2020 Adjusted EBITDA is expected to be in the range of $83.0 million to $84.5 million, representing approximately 19% to 21% growth over 2019.
• First quarter 2020 non-cash, share-based compensation expense is expected to be approximately $4.6 million. Depreciation expense is expected to be approximately $3.3 million and amortization expense is expected to be approximately $1.4 million.
• Full year 2020 non-cash, share-based compensation expense is expected to be approximately $19.8 million. Depreciation expense is expected to be approximately $13.9 million and amortization expense is expected to be approximately $5.7 million.
• For 2020, we expect an annual effective tax rate of approximately 30%.

For earnings history and earnings-related data on SPS Commerce (SPSC) click here.