Every material Form 8-K SPS Commerce filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
SPS Commerce reported third quarter 2024 revenue of $163.7 million, up 21% from a year earlier, and diluted EPS of $0.62 versus $0.45. The company also issued fourth quarter and full-year 2024 guidance, with full-year revenue expected at $635.4 million to $636.4 million, or 18% to 19% growth. For shareholders, the headline measures of revenue and profit both improved, and the guidance points to continued growth.
Q3 2024 revenue was $163.7 million, up from $135.7 million in Q3 2023, reflecting 21% growth.
Q3 2024 net income was $23.5 million, or $0.62 per diluted share, compared with $16.8 million, or $0.45, a year earlier.
Q4 2024 revenue is expected at $168.5 million to $169.5 million, or 16% to 17% year-over-year growth.
Full-year 2024 non-GAAP income per diluted share is expected at $3.41 to $3.42.
SPS Commerce acquired SupplyPike, a provider of automated invoice deduction management software, in a deal the 8-K puts at approximately $206 million in cash and shares. The company issued 404,587 common shares to SupplyPike's investors and agreed to lock-up terms that restrict their sales. The company expects the deal to add revenue but to reduce Adjusted EBITDA in fiscal 2024, with breakeven expected in fiscal 2025.
Total consideration of approximately $206 million, including about $119 million in cash and $87 million in SPS Commerce stock per the press release
404,587 shares of common stock issued to SupplyPike investors; 50% locked up 30 days after closing and 50% locked up 90 days after closing
Company expects about $3.0 million of added revenue in Q3 2024 and about $8.0 million for fiscal 2024, with Adjusted EBITDA reduced by about $750,000 in Q3 and $1.5 million for fiscal 2024
Company expects about $25.0 million of added revenue in fiscal 2025 and Adjusted EBITDA breakeven; more detail, including amortization, is due with Q3 results in October 2024
SPS Commerce reported second-quarter 2024 revenue of $153.6 million, up 18% from a year earlier, and net income of $18.0 million, or $0.48 per diluted share, compared with $14.7 million, or $0.39, in the second quarter of 2023. The board also authorized a new share repurchase program of up to $100 million, effective August 23, 2024, which the company intends to fund with cash on hand.
Q2 2024 net income was $18.0 million, or $0.48 per diluted share, versus $14.7 million, or $0.39, in Q2 2023.
Third quarter 2024 revenue is expected at $157.6 million to $158.6 million; fiscal 2024 revenue at $624.2 million to $626.0 million, or 16% to 17% growth.
The new program authorizes up to $100 million of repurchases through July 24, 2026, replacing a $50 million program from August 2022 that ends July 26, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every SPS Commerce filing is on SEC EDGAR ↗. 8-K briefs of other companies →