After shareholders approved the proposed sale of Stamps.com (STMP) for $6.6 billion in cash, Thoma Bravo completed its acquisition of the company. Shares of Stamps.com have ceased trading and will be de-listed.
Read MoreStamps.com (STMP) reported mixed Q2 ’21 results. Both adjusted EBITDA of $54.8 million (28.7% margin) and non-GAAP EPS of $1.95 were slightly ahead of Street expectations for $54.5 million and $1.84, respectively, despite revenue of $191.1 million (-7.6% Y/Y) coming in modestly below consensus of $192.0 million.
Read MoreStamps.com (STMP) has agreed to be acquired by private equity firm Thoma Bravo for $330.00 per share in cash, a 67% premium to the last closing price prior to the announcement of the transaction.
Read MoreStamps.com (STMP) reported Q1 ’21 results above our estimates and consensus, benefiting from continued strong growth in both paid subscribers and shipping volumes.
Read MoreStamps.com (STMP) reports Q1 ’21 results on Thursday, May 6. For those that missed our missive on the United States Postal Service’s (USPS) ten-year plan and monthly data for February (see “K. Liu’s Week in Review” published on March 27, 2021), our opinion at the time was that Stamps.com was well positioned to meet or exceed our expectations for Q1.
Read More