SPS Commerce Inc (SPSC)

If that is true, doesn't surprise me one bit. This company treats their original shareholders like dirt. I should know - I am one of them. Multiple reverse splits result in everyone owning practically no shares, and then they line their pockets with free options every year to buy cheap shares to bring their personal holdings right back up again. We have nothing. 21 YEARS later, my head is just now bobbing above water at just my break even point!! In the mean time all the officers get rich. Besides all that, they took my money illegally.

Decorative Common shares

10K for period ending 12-31-2016

Apparently, there is a class D preferred that has 5783 votes per share, so the 161,456 shares that Robert Singerman (CEO) holds would give him 933,700,048 votes, which is larger than the 888,000,000 number of common shares.

What does this mean? It means that even if someone owned all of the common shares, they would still have no ability to control or influence the company. The CEO and other preferred share holders could vote whatever they wanted.

Louis J. Desy Jr.

$SPSC recent news/filings

bullish optionable

## source: finance.yahoo.com

Thu, 24 Jul 2014 20:41:00 GMT ~ 4:41 pm SPS Commerce beats by $0.01, beats on revs; guides Q3 EPS below consensus, revs below consensus; guides FY14 EPS in-line, revs in-line


read full: http://finance.yahoo.com/news/inplay-briefing-com-055139997.html#spsc
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Thu, 24 Jul 2014 20:19:11 GMT ~ SPS Commerce Reports Second Quarter 2014 Financial Results

[at noodls] - Company Delivers 23% Recurring Revenue Growth Over 2013 MINNEAPOLIS, July 24, 2014 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (Nasdaq:SPSC), a leading provider of cloud based supply chain management solutions, ...

read full: http://www.noodls.com/view/E0CAE383E83602A174846847A5095783CFFD6BE4
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Thu, 24 Jul 2014 20:08:03 GMT ~ SPS COMMERCE INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits


read full: http://biz.yahoo.com/e/140724/spsc8-k.html
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Thu, 24 Jul 2014 20:05:00 GMT ~ SPS Commerce Reports Second Quarter 2014 Financial Results

[GlobeNewswire] - MINNEAPOLIS -- SPS Commerce, Inc. , a leading provider of cloud based supply chain management solutions, today announced financial results for the second quarter ended June 30, 2014.

read full: http://finance.yahoo.com/news/sps-commerce-reports-second-quarter-200500062.html
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Thu, 24 Jul 2014 11:07:05 GMT ~ Q2 2014 SPS Commerce Inc Earnings Release - After Market Close


read full: http://biz.yahoo.com/research/earncal/20140724.html?t=spsc
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$SPSC charts

basic chart ## source: stockcharts.com



basic chart ## source: eoddata.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com


$SPSC company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/SPSC/company-info
Ticker: $SPSC
OTC Market Place: Not Available
CIK code: not found
Company name: SPS Commerce, Inc.
Incorporated In:

Business Description:


$SPSC share structure

## source: otcmarkets.com

Market Value: Not Available
Shares Outstanding: Not Available
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$SPSC extra dd links

Company name: SPS Commerce, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/SPSC/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/SPSC/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=SPSC+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=SPSC+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=SPSC+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/SPSC/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/SPSC/news - http://finance.yahoo.com/q/h?s=SPSC+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/SPSC/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/SPSC/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/SPSC/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/SPSC/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/SPSC/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/SPSC/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/SPSC/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/SPSC/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=SPSC+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/SPSC
DTCC (dtcc.com): http://search2.dtcc.com/?q=SPS+Commerce%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=SPS+Commerce%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=SPS+Commerce%2C+Inc.&x=0&y=0

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/SPSC/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/SPSC
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/SPSC/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/SPSC/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/SPSC/sec-filings
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/SPSC/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/SPSC/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/SPSC/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/SPSC/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=SPSC&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=SPSC
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/SPSC/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=SPSC+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=SPSC+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=SPSC
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=SPSC
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=SPSC+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/SPSC/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=SPSC+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/SPSC.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=SPSC
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/SPSC/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/SPSC/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/SPSC/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/SPSC/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/SPSC
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/SPSC
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/SPSC:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=SPSC
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=SPSC



$SPSC DD Notes ~ http://www.ddnotesmaker.com/SPSC
slfm

SPSC sold off Thursday on Q4 news released on Wednesday.
Interesting little company that's growing fast. Cloud based supply management for the retail community.

Q4 is seasonally slowest qtr. They are spending to grow, adding sales people and acquiring small competitor(s).

Guidance is for robust growth in 2012, continuing their now 44 consecutive quarters of revenue growth which increased 33% in 2011- 25% organic and 8% contribution from an acquisition.

Closed Thursday -7.13% @ 25.92, 117K (2x's 90DAV)
http://stockcharts.com/h-sc/ui?s=SPSC

I'm in for a trade but thought LT investors might be interested to learn of SPSC.

MG

SPSC JMP Securities initiates coverage for SPS COMMERCE INC with MKT OUTPERFORM recommendation.
BY Investars Analyst Actions - public— 11:03 AM ET 02/09/2012

On February 9, 2012 JMP Securities initiated coverage for SPSC COMMERCE INC (SPSC) with a MKT OUTPERFORM recommendation.

SPSC Stifel Nicolaus initiates coverage for SPS COMMERCE INC with BUY recommendation.
BY Investars Analyst Actions - public— 9:02 AM ET 02/09/2012

On February 9, 2012 Stifel Nicolaus initiated coverage for SPS COMMERCE INC (SPSC) with a BUY recommendation

SPSC SPS Commerce Reports Record Fourth Quarter and Full Year 2011 Financial Results
BY GlobeNewswire— 4:05 PM ET 02/08/2012

MINNEAPOLIS, Feb. 8, 2012 (GLOBE NEWSWIRE) -- SPS Commerce (SPSC) , a leading provider of on-demand supply chain management solutions, today announced financial results for the fourth quarter and full year ended December 31, 2011.

Revenue was $15.9 million in the fourth quarter of 2011, compared to $11.9 million in the fourth quarter of 2010, reflecting 33% growth in revenue from the fourth quarter 2010. Recurring revenue grew 37% from the fourth quarter of 2010.

Net income in the fourth quarter of 2011 was $13.1 million or $1.02 per diluted share, compared to net income of $441,000, or $0.04 per diluted share, in the fourth quarter of 2010. In the fourth quarter 2011, the Company recorded a tax benefit of $12.8 million from a deferred tax asset valuation allowance reversal that positively impacted net income and net income per share. Non-GAAP net income per diluted share was $0.08, compared to non-GAAP net income per diluted share of $0.06 in the fourth quarter of 2010. Adjusted EBITDA for the fourth quarter of 2011 was $1.6 million, compared to $1.1 million for the fourth quarter of 2010.

"2011 was an outstanding year for SPS Commerce (SPSC), highlighted by a record number of new customers and 32% growth in recurring revenue," said Archie Black, President and CEO of SPS Commerce (SPSC). "We are benefitting from a dynamic evolution in the supply chain market, driven by the growing need for cloud-based EDI solutions, the rise of e-commerce, the changing distribution needs of retailers, and the increased demands from heightened consumer expectations. As we start the new year, we are focused on repeating the success of 2011 by executing against our strategy and taking advantage of the favorable market trends that are providing a tailwind to our growth."

Revenue for the full year ended December 31, 2011 was $58.0 million compared to $44.6 million for the full year ended December 31, 2010, reflecting 30% growth in revenue. Recurring revenue grew 32% from the year ended December 31, 2010.

Net income for the twelve months ended December 31, 2011 was $13.7 million or $1.08 per diluted share, compared to net income of $2.9 million, or $0.25 per diluted share, for the comparable period in 2010. In the year ended 2011, the Company recorded a tax benefit of $12.8 million from a deferred tax asset valuation allowance reversal that positively impacted net income and net income per share. Non-GAAP net income per diluted share for the twelve months ended December 31, 2011 was $0.26, compared to non-GAAP net income per diluted share of $0.31 for the comparable period in 2010. Adjusted EBITDA for the full year ended December 31, 2011 was $5.4 million, compared to $5.2 million for the full year ended December 31, 2010.

"The fourth quarter marked a successful conclusion to 2011, highlighted by 37% growth in recurring revenue. We also increased the number of recurring revenue customers as well as the wallet share of those customers," said Kim Nelson, Chief Financial Officer of SPS Commerce (SPSC). "We continue to focus on delivering profitable top line growth and making incremental improvements in Adjusted EBITDA margin."

Guidance

For the first quarter of 2012, revenue is expected to be in the range of $16.3 to $16.5 million. First quarter net income per diluted share is expected to be in the range of $0.00 to $0.01. Non-GAAP net income per diluted share is expected to be in the range of $0.07 to $0.08. Adjusted EBITDA is expected to be in the range of $1.5 to $1.7 million. Non-cash, share-based compensation expense is expected to be approximately $625,000.

For the full year of 2012, revenue is expected to be in the range of $69.5 to $70.5 million. Full year net income per diluted share is expected to be in the range of $0.10 to $0.13. Non-GAAP net income per diluted share is expected to be in the range of $0.39 to $0.42. Adjusted EBITDA is expected to be in the range of $8.5 to $9 million. Non-cash, share-based compensation expense is expected to be approximately $2.8 million. Also for the year, we expect an annual effective tax rate of approximately 38%, with cash taxes for the year to be minimal.

Quarterly Conference Call

SPS Commerce (SPSC) will discuss its quarterly results today via teleconference at 3:30 pm Central Time (4:30 pm Eastern Time). To access the call, please dial (877) 312-7508, or outside the U.S. (253) 237-1184, at least five minutes prior to the 3:30 pm CT start time. A live webcast of the call will also be available at http://investors.spscommerce.com under the Events & Presentations menu. An audio replay will be available between 6:30 pm CT February 8, 2012 and 11:00pm CT February 24, 2012 by calling (855) 859-2056 or (404) 537-3406, with Conference ID 38853400. The replay will also be available on the Company's website at http://investors.spscommerce.com.

About SPS Commerce (SPSC)

SPS Commerce (SPSC) is a leading provider of on-demand supply chain management solutions and the Retail Universe community, providing integration, collaboration, connectivity, visibility and data analytics to thousands of customers worldwide. We deliver our solutions over the Internet using a Software-as-a-Service model to improve the way the retail supply chain community of suppliers, retailers, distributors and other customers build their trading partner relationships and manage and fulfill orders. Our Retail Universe hosts profiles of thousands of retail supply chain members, and enables retailers, suppliers and 3PLs to find, connect and form new business partnerships based on product or integration requirements. The SPSCommerce.net platform features pre-built integrations used by current and new customers alike, spanning 3,000 order management models across 1,500 retailers, grocers and distributors, as well as integrations to over 100 accounting, warehouse management, enterprise resource planning, and packing and shipping applications. More than 45,000 customers across more than 40 countries have used SPSCommerce.net, making it one of the largest trading partner integration centers. SPS Commerce (SPSC) has achieved 44 consecutive quarters of increased revenues and is headquartered in Minneapolis. For additional information, please contact SPS Commerce (SPSC) at 866-245-8100 or visit www.spscommerce.com or www.retailuniverse.com.

The SPS Commerce (SPSC) logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7184

Use of Non-GAAP Financial Measures

To supplement its financial statements, SPS Commerce (SPSC) also provides investors with Adjusted EBITDA and non-GAAP net income per share, which are non-GAAP financial measures. SPS Commerce believes that these non-GAAP measures provide useful information to management and investors regarding certain financial and business trends relating to its financial condition and results of operations. SPS Commerce's (SPSC) management uses these non-GAAP measures to compare the company's performance to that of prior periods for trend analyses and planning purposes. It uses Adjusted EBITDA for purposes of determining executive and senior management incentive compensation. These measures are also presented to the company's board of directors.

EBITDA consists of net income plus depreciation and amortization, interest expense, interest income and income tax (benefit) expense. Adjusted EBITDA consists of EBITDA plus non-cash, share-based compensation expense. SPS Commerce (SPSC) uses Adjusted EBITDA as a measure of operating performance because it assists the company in comparing performance on a consistent basis, as it removes from operating results the impact of the company's capital structure. SPS Commerce (SPSC) believes Adjusted EBITDA is useful to an investor in evaluating the company's operating performance because it is widely used to measure a company's operating performance without regard to items such as depreciation and amortization, which can vary depending upon accounting methods and the book value of assets, and to present a meaningful measure of corporate performance exclusive of the company's capital structure and the method by which assets were acquired.

Non-GAAP net income per share consists of net income plus non-cash, share-based compensation expense and amortization expense related to intangible assets minus the deferred tax asset valuation allowance reversal divided by the weighted average number of shares of common stock outstanding during each period. SPS Commerce believes non-GAAP net income per share is useful to an investor because it is widely used to measure a company's operating performance.

These non-GAAP measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with generally accepted accounting principles in the United States. These non-GAAP financial measures exclude significant expenses and income that are required by GAAP to be recorded in the company's financial statements and are subject to inherent limitations. SPS Commerce (SPSC) urges investors to review the reconciliation of its non-GAAP financial measures to the comparable GAAP financial measures that are included in this press release. The following tables provide reconciliations of net income to Adjusted EBITDA and non-GAAP net income per share:

SPSC SPS Commerce Inc sets a new 52-week highBY Wall Street on Demand— 10:08 AM ET 02/08/2012

SPS Commerce Inc (SPSC) crossed above its 52-week high of $28.06 on 10:06 AM ET on February 08, 2012

SPSC 43 consecutive quarters of increased revenues...

Evriholder Products Selects SPS Commerce's Cloud-Based B2B Integration Service to Streamline Supply Chain OperationsBY GlobeNewswire— 9:00 AM ET 02/06/2012

MINNEAPOLIS, Feb. 6, 2012 (GLOBE NEWSWIRE) -- SPS Commerce (SPSC) , a leading provider of on-demand supply chain management solutions, today announced that Evriholder Products, LLC has selected SPS Commerce's (SPSC) EDI Service for Sage MAS 200 to replace its manual EDI systems and automate its order fulfillment process, allowing the vendor to easily scale and support a growing number of retail customers.

"Evriholder has used SPS' WebForms service and several other EDI systems for many years to support our retailers' EDI requirements," said Hilton Blieden, vice president of finance and operations at Evriholder. "When we decided to upgrade our ERP system to Sage MAS 200 in 2011, consolidating our EDI operations onto a single, automated solution was part of our decision. SPS provides excellent customer service and offers a proven, cloud-based solution for MAS 200. We plan to have 10 trading partners live this quarter and more than 40 by year-end on the integrated service."

SPS Commerce's on-demand EDI Service for Sage MAS 200 will integrate directly into Evriholder's MAS 200 application. With MAS "prewired" to SPS' multi-tenant, cloud architecture, the EDI service delivers greater functionality with less cost and risk than traditional EDI software.

"We are delighted to offer a suite of supply chain solutions that can support vendors at any stage," said Archie Black, president and CEO of SPS Commerce. "SPS strives to develop long-term relationships with our customers and we are pleased to help Evriholder streamline its supply chain operations as the company continues to grow."

About SPS Commerce (SPSC)

SPS Commerce (SPSC) is a leading provider of on-demand supply chain management solutions and the Retail Universe community, providing integration, collaboration, connectivity, visibility and data analytics to thousands of customers worldwide. We deliver our solutions over the Internet using a Software-as-a-Service model to improve the way the retail supply chain community of suppliers, retailers, distributors and other customers build their trading partner relationships and manage and fulfill orders. Our Retail Universe hosts profiles of thousands of retail supply chain members, and enables retailers, suppliers and 3PLs to find, connect and form new business partnerships based on product or integration requirements. The SPSCommerce.net platform features pre-built integrations used by current and new customers alike, spanning 3,000 order management models across 1,500 retailers, grocers and distributors, as well as integrations to over 100 accounting, warehouse management, enterprise resource planning, and packing and shipping applications. More than 40,000 customers across more than 40 countries have used SPSCommerce.net, making it one of the largest trading partner integration centers. SPS Commerce (SPSC) has 43 consecutive quarters of increased revenues and is headquartered in Minneapolis. For additional information, please contact SPS Commerce (SPSC) at 866-245-8100 or visit www.spscommerce.com or www.retailuniverse.com.

SPS Commerce (SPSC) is a registered trademark of SPS Commerce (SPSC), Inc. SPSCommerce.net and the SPS Commerce (SPSC) logo are the property of SPS Commerce, Inc. (SPSC) Retail Universe is a service mark of SPS Commerce (SPSC). All other names and trademarks are the property of their respective holders.

The SPS Commerce (SPSC) logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7184

Cautionary Note Regarding Forward-Looking Statements

Any statements in this release that are not historical or current facts are forward-looking statements. All forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the "Risk Factors" section of our most recent Annual Report on Form 10-K and other required reports, as filed with the SEC, which are available at the SEC's Website at http://www.sec.gov.

SPS-C

CONTACT: Kay Rindels
SPS Commerce (SPSC)
866-245-8100
krindels@spscommerce.comImage: SPS Commerce Logo

Thomson Financial - Gradient upgrades SPS COMMERCE INC from SELL to HOLD.BY Investars Analyst Actions - private
— 10:04 AM ET 01/16/2012
On January 16, 2012 Thomson Financial - Gradient upgraded SPS COMMERCE INC (SPSC) from SELL to HOLD.

SPSC SPS Commerce Reports Record Fourth Quarter and Full Year 2011 Financial Results
PROVIDED BY GlobeNewswire - 4:05 PM 02/08/2012

MINNEAPOLIS, Feb. 8, 2012 (GLOBE NEWSWIRE) -- SPS Commerce (SPSC) , a leading provider of on-demand supply chain management solutions, today announced financial results for the fourth quarter and full year ended December 31, 2011.

Revenue was $15.9 million in the fourth quarter of 2011, compared to $11.9 million in the fourth quarter of 2010, reflecting 33% growth in revenue from the fourth quarter 2010. Recurring revenue grew 37% from the fourth quarter of 2010.

Net income in the fourth quarter of 2011 was $13.1 million or $1.02 per diluted share, compared to net income of $441,000, or $0.04 per diluted share, in the fourth quarter of 2010. In the fourth quarter 2011, the Company recorded a tax benefit of $12.8 million from a deferred tax asset valuation allowance reversal that positively impacted net income and net income per share. Non-GAAP net income per diluted share was $0.08, compared to non-GAAP net income per diluted share of $0.06 in the fourth quarter of 2010. Adjusted EBITDA for the fourth quarter of 2011 was $1.6 million, compared to $1.1 million for the fourth quarter of 2010.

"2011 was an outstanding year for SPS Commerce (SPSC), highlighted by a record number of new customers and 32% growth in recurring revenue," said Archie Black, President and CEO of SPS Commerce (SPSC
SPSC SPS COMMERCE INC
27.91
Change +0.13 (+0.47%)
AS OF 4:00 PM ET 02/08/12.). "We are benefitting from a dynamic evolution in the supply chain market, driven by the growing need for cloud-based EDI solutions, the rise of e-commerce, the changing distribution needs of retailers, and the increased demands from heightened consumer expectations. As we start the new year, we are focused on repeating the success of 2011 by executing against our strategy and taking advantage of the favorable market trends that are providing a tailwind to our growth."

Revenue for the full year ended December 31, 2011 was $58.0 million compared to $44.6 million for the full year ended December 31, 2010, reflecting 30% growth in revenue. Recurring revenue grew 32% from the year ended December 31, 2010.

Net income for the twelve months ended December 31, 2011 was $13.7 million or $1.08 per diluted share, compared to net income of $2.9 million, or $0.25 per diluted share, for the comparable period in 2010. In the year ended 2011, the Company recorded a tax benefit of $12.8 million from a deferred tax asset valuation allowance reversal that positively impacted net income and net income per share. Non-GAAP net income per diluted share for the twelve months ended December 31, 2011 was $0.26, compared to non-GAAP net income per diluted share of $0.31 for the comparable period in 2010. Adjusted EBITDA for the full year ended December 31, 2011 was $5.4 million, compared to $5.2 million for the full year ended December 31, 2010.

"The fourth quarter marked a successful conclusion to 2011, highlighted by 37% growth in recurring revenue. We also increased the number of recurring revenue customers as well as the wallet share of those customers," said Kim Nelson, Chief Financial Officer of SPS Commerce (SPSC). "We continue to focus on delivering profitable top line growth and making incremental improvements in Adjusted EBITDA margin."

Guidance

For the first quarter of 2012, revenue is expected to be in the range of $16.3 to $16.5 million. First quarter net income per diluted share is expected to be in the range of $0.00 to $0.01. Non-GAAP net income per diluted share is expected to be in the range of $0.07 to $0.08. Adjusted EBITDA is expected to be in the range of $1.5 to $1.7 million. Non-cash, share-based compensation expense is expected to be approximately $625,000.

For the full year of 2012, revenue is expected to be in the range of $69.5 to $70.5 million. Full year net income per diluted share is expected to be in the range of $0.10 to $0.13. Non-GAAP net income per diluted share is expected to be in the range of $0.39 to $0.42. Adjusted EBITDA is expected to be in the range of $8.5 to $9 million. Non-cash, share-based compensation expense is expected to be approximately $2.8 million. Also for the year, we expect an annual effective tax rate of approximately 38%, with cash taxes for the year to be minimal.

Quarterly Conference Call

SPS Commerce (SPSC) will discuss its quarterly results today via teleconference at 3:30 pm Central Time (4:30 pm Eastern Time). To access the call, please dial (877) 312-7508, or outside the U.S. (253) 237-1184, at least five minutes prior to the 3:30 pm CT start time. A live webcast of the call will also be available at http://investors.spscommerce.com under the Events & Presentations menu. An audio replay will be available between 6:30 pm CT February 8, 2012 and 11:00pm CT February 24, 2012 by calling (855) 859-2056 or (404) 537-3406, with Conference ID 38853400. The replay will also be available on the Company's website at http://investors.spscommerce.com.

About SPS Commerce (SPSC)

SPS Commerce (SPSC) is a leading provider of on-demand supply chain management solutions and the Retail Universe community, providing integration, collaboration, connectivity, visibility and data analytics to thousands of customers worldwide. We deliver our solutions over the Internet using a Software-as-a-Service model to improve the way the retail supply chain community of suppliers, retailers, distributors and other customers build their trading partner relationships and manage and fulfill orders. Our Retail Universe hosts profiles of thousands of retail supply chain members, and enables retailers, suppliers and 3PLs to find, connect and form new business partnerships based on product or integration requirements. The SPSCommerce.net platform features pre-built integrations used by current and new customers alike, spanning 3,000 order management models across 1,500 retailers, grocers and distributors, as well as integrations to over 100 accounting, warehouse management, enterprise resource planning, and packing and shipping applications. More than 45,000 customers across more than 40 countries have used SPSCommerce.net, making it one of the largest trading partner integration centers. SPS Commerce (SPSC) has achieved 44 consecutive quarters of increased revenues and is headquartered in Minneapolis. For additional information, please contact SPS Commerce (SPSC) at 866-245-8100 or visit www.spscommerce.com or www.retailuniverse.com.

The SPS Commerce (SPSC) logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7184

Use of Non-GAAP Financial Measures

To supplement its financial statements, SPS Commerce (SPSC) also provides investors with Adjusted EBITDA and non-GAAP net income per share, which are non-GAAP financial measures. SPS Commerce believes that these non-GAAP measures provide useful information to management and investors regarding certain financial and business trends relating to its financial condition and results of operations. SPS Commerce's (SPSC) management uses these non-GAAP measures to compare the company's performance to that of prior periods for trend analyses and planning purposes. It uses Adjusted EBITDA for purposes of determining executive and senior management incentive compensation. These measures are also presented to the company's board of directors.

EBITDA consists of net income plus depreciation and amortization, interest expense, interest income and income tax (benefit) expense. Adjusted EBITDA consists of EBITDA plus non-cash, share-based compensation expense. SPS Commerce (SPSC) uses Adjusted EBITDA as a measure of operating performance because it assists the company in comparing performance on a consistent basis, as it removes from operating results the impact of the company's capital structure. SPS Commerce believes Adjusted EBITDA is useful to an investor in evaluating the company's operating performance because it is widely used to measure a company's operating performance without regard to items such as depreciation and amortization, which can vary depending upon accounting methods and the book value of assets, and to present a meaningful measure of corporate performance exclusive of the company's capital structure and the method by which assets were acquired.

Non-GAAP net income per share consists of net income plus non-cash, share-based compensation expense and amortization expense related to intangible assets minus the deferred tax asset valuation allowance reversal divided by the weighted average number of shares of common stock outstanding during each period. SPS Commerce believes non-GAAP net income per share is useful to an investor because it is widely used to measure a company's operating performance.

These non-GAAP measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with generally accepted accounting principles in the United States. These non-GAAP financial measures exclude significant expenses and income that are required by GAAP to be recorded in the company's financial statements and are subject to inherent limitations. SPS Commerce urges investors to review the reconciliation of its non-GAAP financial measures to the comparable GAAP financial measures that are included in this press release. The following tables provide reconciliations of net income to Adjusted EBITDA and non-GAAP net income per share:

~ $SPSC ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $SPSC ~ Earnings expected on Monday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
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One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








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~ Barchart: http://barchart.com/quotes/stocks/SPSC?
~ OTC Markets: http://www.otcmarkets.com/stock/SPSC/company-info
~ Google Finance: http://www.google.com/finance?q=SPSC
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=SPSC#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=SPSC+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=SPSC
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~ BusyStock: http://busystock.com/i.php?s=SPSC&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=SPSC&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=SPSC
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=SPSC
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=SPSC
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~ MarketWatch: http://www.marketwatch.com/investing/stock/SPSC/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=SPSC
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=SPSC
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=SPSC&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=SPSC&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=SPSC&size=l&frequency=60&color=g


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*If the earnings date is in error please ignore error. I do my best.

SPS Commerce, Inc. is a provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics. The Company provides its solutions through SPSCommerce.net, a hosted software suite. As of September 30, 2009, the Company had approximately 11,000 customers with contracts to pay it monthly fees, which it refers to as recurring revenue customers. The Company has also generated revenues by providing supply chain management solutions to an additional 24,000 organizations that, together with its recurring revenue customers, the Company refers to as its customers. The Company delivers its solutions to customers over the Internet using a software-as-a-service (SaaS) model. In May 2011, it acquired Direct EDI.

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