Investing.com -- Shares in Stampscom Inc (O:STMP)surged nearly 20% in after-hours trading after the provider of online postage and shipping software handily beat fourth quarter earnings and revenue estimates.
During the company's final quarter of fiscal year 2015, Stamps.com reported adjusted earnings per share of 1.57 on revenue of $69.9 million, a spike of more than 65% on an annual basis. Stamps.com also reported Adjusted EBITDA of $30.2 million and Non-GAAP operating income of $29.1 million, an increase of 136% and 144% respectively.
It came amid dramatic increases in sales among both its Mailing and Shipping, as well as Customized Postage segments. As a result, gross margin in its Mailing and Shipping segment swelled to 84.2%, while overall margin rose to 81.8%.
"We were very pleased with our financial performance in the fourth quarter and for 2015 as a whole," said Ken McBride, Stamps.com's chairman and CEO. "This was another exceptional year for Stamps.com with strong execution on our business goals, including the integration of our 2014 acquisitions of ShipStation and ShipWorks where we began to realize the synergies we expected from those deal."
"This year we completed the Endicia acquisition, and we have begun working on the process of integrating their businesses into ours."
For Fiscal Year 2016, Stamps.com is offering forward guidance of $5.00 to $5.50 a share on revenue of $290 to $300 million. Analysts expected earnings per share of 4.33 on sales of $289.7 million.
"Together, our three acquisitions have significantly strengthened our position in shipping, and we are excited about our opportunities in 2016 and beyond," McBride added.
Shares in Stamps.com soared 19.00 or 19.74% to 115.25 in after-hours.