January 18, 2018 1:28 AM ET

Internet Software and Services

Company Overview of CommerceHub, Inc.

Company Overview

CommerceHub, Inc., together with its subsidiaries, provides cloud-based e-commerce fulfillment and marketing solutions for large retailers and consumer brands, manufacturers, and distributors in the United States and Canada. The company provides supply solutions, which enable its retailer customers to communicate electronically with their drop-ship suppliers; and demand solutions that allow sellers to upload their entire product catalog to platform and then transform and syndicate that product catalog to a range of e-commerce demand channels to facilitate consumer demand generation. It also offers solutions for enhanced delivery experience, which helps retailers and suppliers enhance their c...

ZEN Building

6th Floor

201 Fuller Road

Albany, NY 12203

United States

Founded in 1997

345 Employees

Phone:

518-810-0700

Key Executives for CommerceHub, Inc.

Founder, Chief Executive Officer, President and Director
Age: 50
Total Annual Compensation: $385.5K
Co-Founder and Chief Technology Officer
Age: 49
Total Annual Compensation: $279.9K
former Chief Financial Officer, Principal Accounting Officer and Treasurer
Age: 58
Total Annual Compensation: $175.0K
Compensation as of Fiscal Year 2016.

CommerceHub, Inc. Key Developments

CommerceHub, Inc. Presents at 18th Annual CJS Securities "New Ideas for the New Year" Investor Conference, Jan-10-2018

CommerceHub, Inc. Presents at 18th Annual CJS Securities "New Ideas for the New Year" Investor Conference, Jan-10-2018 . Venue: Four Seasons Hotel, New York, New York, United States. Speakers: Michael Trimarchi, CFO, Chief Commercial Officer, Principal Accounting officer & Treasurer.

CommerceHub, Inc. Announces Management Changes

On December 14, 2017, Mark Greenquist notified the board of directors of CommerceHub, Inc. of his decision to resign as Chief Financial Officer and Treasurer of the company effective immediately but to remain with the company in a non-officer advisory capacity through December 31, 2017. Also on December 14, 2017, the Board appointed Michael Trimarchi, as Chief Financial Officer and Treasurer of the company, effective immediately.  In this role, he will also serve as the company’s principal financial and accounting officer, and he will continue to serve as the company’s Chief Commercial Officer. Trimarchi served as the Company’s Chief Commercial Officer since May 2017 and was the Company’s Chief Accounting Officer from May 2016 to May 2017.  Previously, he served as Interim Chief Financial Officer of AngioDynamics, Inc. from November 2015 to May 2016.

CommerceHub, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Ended September 30, 2017

CommerceHub, Inc. announced unaudited consolidated earnings results for the third quarter and nine ended September 30, 2017. For the quarter, the company reported revenue of $24,614,000 against $22,478,000 a year ago. Operating income was $3,318,000 against $633,000 a year ago. Pre-tax income was $3,170,000 against $272,000 a year ago. Net income was $1,988,000 against $710,000 a year ago. Diluted earnings per share were $0.04 against $0.02 a year ago. Cash flows from operating activities was $6,702,000 against $12,814,000 a year ago. Purchases of property and equipment was $210,000 against $377,000 a year ago. Adjusted EBITDA was $8,405,000 against $5,279,000 a year ago. Adjusted net income was $3,753,000 against $1,741,000 a year ago. Adjusted earnings per diluted share was $0.08 against $0.04 a year ago. Free cash flow was $6,338,000 against $11,978,000 a year ago. For the nine months, the company reported revenue of $74,390,000 against $67,671,000 a year ago. Operating income was $11,426,000 against $4,887,000 a year ago. Pre-tax income was $10,822,000 against $4,755,000 a year ago. Net income was $6,6920,000 against $3,144,000 a year ago. Diluted earnings per share were $0.15 against $0.07 a year ago. Cash flows from operating activities was $27,383,000 against cash used of $52,451,000 a year ago. Purchases of property and equipment was $1,159,000 against $4,513,000 a year ago. Adjusted EBITDA was $25,766,000 against $20,955,000 a year ago. Adjusted net income was $11,330,000 against $8,892,000 a year ago. Adjusted earnings per diluted share was $0.25 against $0.20 a year ago.

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