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September 01, 2015 12:15 PM ET

Internet Software and Services

Company Overview of Shopify Inc.

Company Overview

Shopify Inc. provides a cloud-based commerce platform for small and medium-sized businesses. Its platform provides merchants with a single view of their business and customers in various sales channels, including Web, tablet and mobile storefronts, social media storefronts, and brick-and-mortar and pop-up shops; and enables them to manage products and inventory, process orders and payments, build customer relationships, and leverage analytics and reporting. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was founded in 2004 and is headquartered in Ottawa, Canada.

150 Elgin Street

8th Floor

Ottawa, ON K2P 1L4

Canada

Founded in 2004

780 Employees

Phone:

613-241-2828

Key Executives for Shopify Inc.

Shopify Inc. does not have any Key Executives recorded.

Shopify Inc. Key Developments

Shopify Inc. Presents at 17th Annual Pacific Crest Global Technology Leadership Forum 2015, Aug-11-2015

Shopify Inc. Presents at 17th Annual Pacific Crest Global Technology Leadership Forum 2015, Aug-11-2015 . Venue: The Sebastian, 16 Vail Road, Vail, CO 81657, United States. Speakers: Russell Jones, Chief Financial Officer.

Shopify Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year 2015

Shopify Inc. announced unaudited consolidated earnings results for the third quarter and six months ended June 30, 2015. For the quarter, revenues were $44,926,000 compared to $23,680,000 a year ago. Loss from operations was $3,461,000 compared to $7,039,000 a year ago. Net Loss and comprehensive loss was $3,296,000 or $0.06 basic and diluted per share compared to $6,880,000 or $0.18 basic and diluted per share a year ago. Non-GAAP Operating loss was $1,890,000 compared to $6,070,000 a year ago. Non-GAAP Net loss and comprehensive loss was $1,725,000 or $0.03 per share compared to $5,911,000 or $0.15 per share a year ago. Adjusted operating loss was $1.9 million, compared with $6.1 million for the second quarter of 2014. Adjusted net loss was $1.7 million, or $0.03 per share, compared with an adjusted net loss of $5.9 million, or $0.15 per share, for the second quarter of 2014. For the six months, revenues were $82,274,000 compared to $42,490,000 a year ago. Loss from operations was $6,937,000 compared to $13,011,000 a year ago. Net Loss and comprehensive loss was $7,826,000 or $0.17 basic and diluted per share compared to $13,245,000 or $0.34 basic and diluted per share a year ago. Net cash provided by operating activities was $10,641,000 compared to net cash used in operating activities of $3,388,000 a year ago. Acquisition of property and equipment was $5,219,000 compared to $4,922,000 a year ago. Acquisition of intangible assets was $1,813,000 compared to $946,000 a year ago. Non-GAAP Operating loss was $3,360,000 compared to $10,927,000 a year ago. Non-GAAP Net loss and comprehensive loss was $4,249,000 or $0.09 per share compared to $11,161,000 or $0.29 per share a year ago. The company provided earnings guidance for the third quarter and full year 2015. For the third quarter of 2015, the company expects revenues in the range of $47.0 million to $48.0 million, GAAP operating loss in the range of $6.5 million to $7.5 million and adjusted operating loss in the range of $4.0 million to $5.0 million, which excludes share-based compensation expenses of $2.5 million. For the full year 2015, the company expects revenues in the range of $181 million to $183 million, GAAP operating loss in the range of $21 million to $23 million and adjusted operating loss in the range of $12 million to $14 million, which excludes share-based compensation expenses of $8.4 million and non-recurring sales and use tax of $0.6 million.

Shopify Inc. to Report Q2, 2015 Results on Jul 30, 2015

Shopify Inc. announced that they will report Q2, 2015 results Pre-Market on Jul 30, 2015

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