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 business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopif...
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Founded in 2004
Shopify Inc. Announces Executive Changes
Mar 5 18
Shopify Inc. announced the appointment of Amy Shapero as Chief Financial Officer, effective April 2, 2018. Shapero joins Shopify from Betterment where she has served as Chief Financial Officer since 2016. Previously, Shapero was Chief Financial Officer at Sailthru and Senior Vice President of Strategy, Corporate Development and Corporate Communications at DigitalGlobe. Prior to that, she held Chief Financial Officer roles at Spot Holdings, a financial services company, and Standard &Poor's, a business unit of The McGraw-Hill Companies. Shapero will succeed Russ Jones, who has served as Shopify's Chief Financial Officer since 2011. Jones will remain a strategic advisor to the company during a transition period. Shopify announced the recent addition of Jeff Weiser as Chief Marketing Officer. Prior to joining Shopify, Weiser served as Chief Marketing Officer at Shutterstock (NYSE), held multiple senior level positions with Beachbody (P90X and Shakeology), and performed strategy and analytics roles at SGN (Social Gaming Network), MySpace and Yahoo!. Craig Miller, Shopify's former Chief Marketing Officer, will now focus exclusively on his role as Chief Product Officer.
Shopify Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Provides Earnings Guidance for the First Quarter and Full Year of 2018
Feb 15 18
Shopify Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, revenues were $222,814,000 against $130,383,000 a year ago. Loss from operations was $6,113,000 against $9,305,000 a year ago. Net loss was $2,987,000 against $8,867,000 a year ago. Basic and diluted net loss per share attributable to shareholders was $0.03 against $0.10 a year ago. Adjusted operating income was $11,584,000 against loss of $807,000 a year ago. Adjusted net income was $14,710,000 against loss of $369,000 a year ago. Adjusted net income per share attributable to shareholders was $0.15.
For the year, revenues were $673,304,000 against $389,330,000 a year ago. Loss from operations was $49,157,000 against $37,165,000 a year ago. Net loss was $39,995,000 against $35,355,000 a year ago. Basic and diluted net loss per share attributable to shareholders was $0.42 against $0.42 a year ago. Net cash provided by operating activities was $7,901,000 against $14,017,000 a year ago. Acquisitions of property and equipment were $20,043,000 against $23,773,000 a year ago. Acquisitions of intangible assets were $4,219,000 against $2,463,000 a year ago. Adjusted operating income was $6,045,000 against loss of $12,144,000 a year ago. Adjusted net income was $15,207,000 against loss of $10,334,000 a year ago. Adjusted net income per share attributable to shareholders was $0.16 against loss of $0.12 a year ago.
For the full year 2018, the company currently expects: Revenues in the range of $970 million to $990 million; GAAP operating loss in the range of $95 million to $105 million; Adjusted operating income in the range of loss $5 million to income of $5 million, which excludes stock-based compensation expenses and related payroll taxes of $100 million.
For the first quarter of 2018, the company currently expects: Revenues in the range of $198 million to $202 million; GAAP operating loss in the range of $25 million to $27 million; Adjusted operating loss in the range of $6 million to $8 million, which excludes stock-based compensation expenses and related payroll taxes of $19 million.
Shopify Inc. to Report Q4, 2017 Results on Feb 15, 2018
Jan 25 18
Shopify Inc. announced that they will report Q4, 2017 results at 9:00 AM, Eastern Standard Time on Feb 15, 2018