April 30, 2017 9:36 AM ET

Internet Software and Services

Company Overview of Shopify Inc.

Company Overview

Shopify Inc. provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, Australia, and internationally. Its platform provides merchants with a single view of their business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables them to manage products and inventory, process orders and payments, ship orders, 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. ...

150 Elgin Street

8th Floor

Ottawa, ON K2P 1L4

Canada

Founded in 2004

1,900 Employees

Phone:

613-241-2828

Key Executives for Shopify Inc.

Founder, Chairman and Chief Executive Officer
Age: 35
Total Annual Compensation: $310.7K
Co-Founder and Chief Creative Officer
Age: 36
Total Annual Compensation: $234.8K
Chief Financial Officer
Age: 57
Total Annual Compensation: $234.8K
Chief Operating Officer
Age: 33
Total Annual Compensation: $234.8K
Chief Product Officer
Age: 33
Total Annual Compensation: $234.8K
Compensation as of Fiscal Year 2015.

Shopify Inc. Key Developments

Shopify Inc. Presents at Morgan Stanley 2017 Technology, Media & Telecom Conference, Feb-28-2017 02:05 PM

Shopify Inc. Presents at Morgan Stanley 2017 Technology, Media & Telecom Conference, Feb-28-2017 02:05 PM. Venue: The Palace Hotel, 2 New Montgomery Street, San Francisco, CA 94105, United States. Speakers: Russell Norman Jones, Chief Financial Officer.

Shopify Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016; Provides Earnings Guidance for the First Quarter and Full Year 2017

Shopify Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company’s revenues were USD 130,383,000 compared to USD 70,173,000 a year ago. Loss from operations was USD 9,305,000 compared to USD 6,519,000 a year ago. Net loss was USD 8,867,000 or USD 0.10 basic and diluted per share compared to USD 6,307,000 or USD 0.08 basic and diluted per share a year ago. Adjusted operating loss was USD 807,000 compared to USD 1,310,000 a year ago. Adjusted net loss and comprehensive loss was USD 369,000 or USD 0.00 per share compared to USD 1,098,000 or USD 0.01 per share a year ago. The increase in revenue was driven by the continued rapid growth in Monthly Recurring Revenue. For the year, the company’s revenues were USD 389,330,000 compared to USD 205,233,000 a year ago. Loss from operations was USD 37,165,000 compared to USD 17,756,000 a year ago. Net loss was USD 35,355,000 or USD 0.42 basic and diluted per share compared to USD 18,790,000 or USD 0.30 basic and diluted per share a year ago. Net cash used in operating activities was USD 14,017,000 compared to USD 15,756,000 a year ago. Acquisition of property and equipment was USD 23,773,000 compared to USD 16,525,000 a year ago. Acquisition of intangible assets was USD 2,463,000 compared to USD 4,511,000 a year ago. Adjusted operating loss was USD 12,144,000 compared to USD 6,702,000 a year ago. Adjusted net loss and comprehensive loss was USD 10,334,000 or USD 0.12 per share compared to USD 7,736,000 or USD 0.13 per share a year ago. The company provided earnings guidance for the first quarter and full year 2017. For the quarter, the company expects revenues in the range of USD 120 million to USD 122 million, GAAP operating loss in the range of USD 20 million to USD 22 million and adjusted operating loss in the range of USD 9 million to USD 11 million, which excludes stock-based compensation expenses and related payroll taxes of USD 11 million. For the full year 2017, the company expects revenues in the range of USD 580 million to USD 600 million, GAAP operating loss in the range of USD 73 million to USD 77 million and adjusted operating loss in the range of USD 18 million to USD 22 million, which excludes stock-based compensation expenses and related payroll taxes of USD 55 million.

Shopify Inc. to Report Q4, 2016 Results on Feb 15, 2017

Shopify Inc. announced that they will report Q4, 2016 results Pre-Market on Feb 15, 2017

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