Shopify Inc. (T:SHOP)

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Business Focus: E-commerce & Auction Services

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Sector:  Technology Industry:  Internet Services
See Regulatory Filings on SEDAR
Company Contact
Address: 150 Elgin Street, 8Th Floor
Tel: N/A
IR: See website
Key People
Tobias Albin Lutke
Chairman of the Board, Chief Executive Officer, Co-Founder
Amy E. Shapero
Chief Financial Officer
Harley Michael Finkelstein
Chief Operating Officer
Joseph Andrew Frasca
Senior Vice President, General Counsel, Secretary
Brittany Jean Forsyth
Senior Vice President - Human Relations
Jean-Michel Lemieux
Senior Vice President - Engineering
David Lennie
Senior Vice President - Data and Analytics
Toby Shannan
Senior Vice President - Support
Craig Stuart Miller
Chief Product Officer
Business Overview
Shopify Inc. (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company offers subscription solutions and merchant solutions. The Company's software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts and marketplaces. The Shopify platform provides merchants with a single view of their business and customers across all of their sales channels and enables them to manage products and inventory, process orders and payments, ship orders, build customer relationships and leverage analytics and reporting all from one integrated back office. The Shopify platform includes a mobile-optimized checkout system, which is designed to enable merchants' consumers to buy products over mobile Websites. Its merchants are able to offer their customers the ability to check out by using Apple Pay.
Financial Overview
For the three months ended 31 March 2018, Shopify Inc revenues increased 68% to $214.3M. Net loss increased 17% to $15.9M. Revenues reflect Merchant solutions increase of 75% to $114.1M, Subscription solutions increase of 61% to $100.2M. Higher net loss reflects Sales and marketing - Balancing value increase of 62% to $71M (expense), Research and development - Balancing increase of 72% to $35.8M (expense).
Employees: 3,000 as of Dec 31, 2017
Reporting Currency: U.S. Dollars
Enterprise value: $21,781M as of Mar 31, 2018
Annual revenue (TTM): $998.46M as of Mar 31, 2018
EBITDA (TTM): -$37.56M as of Mar 31, 2018
Net annual income (TTM): -$55.55M as of Mar 31, 2018
Free cash flow (TTM): -$38.78M as of Mar 31, 2018
Net Debt Last Fiscal Year: N/A
Shares outstanding: 118,374,386 as of Mar 31, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization