Key Developments For Shutterfly, Inc.
Shutterfly, Inc. (SFLY.O) (Nasdaq)
CORRECTION OFFICIAL - Shutterfly, Inc. Issues Q4 2009 Guidance In Line With Analysts' Estimates; Raises FY 2009 Guidance; Raises Lower End Of Prior FY 2009 EBITDA Guidance
CORRECTED TO READ.."net income per share"..instead of "diluted net loss per share" for Q4 2009 in the body Shutterfly, Inc. announced that for the fourth quarter of 2009, it expects net revenues to range from $102.6 million to $112.6 million, GAAP operating income to range from $21 million to $27 million, non-GAAP operating income to range from $26 million to $32 million, GAAP diluted net income per share to range from $0.55 to $0.66, non-GAAP diluted income per share to range from $0.68 to $0.78 and adjusted EBITDA to range from $33 million to $39 million. For fiscal 2009, the Company expects net revenues to range from $218 million to $228 million, GAAP operating loss to range from $(7) million to $0 million, non-GAAP operating income to range from $10 million to $16 million, GAAP diluted net income (loss) per share to range from a net loss of $(0.14) to net income of $0.01, non-GAAP diluted net income per share to range from $0.27 to $0.40 and adjusted EBITDA to range from 16% to 18% of net revenues. According to Reuters Estimates, analysts were expecting the Company to report revenue of $110.6 million, EBIT of $29 million, EPS of $0.70 and EBITDA of $39 million for the fourth quarter of 2009; revenue of $221 million, EBIT of $2.41 million, EPS of $(0.05) and EBITDA of $38.03 million for fiscal 2009.
Shutterfly, Inc. Announces Launch Of Simple Path Photo Book
Shutterfly, Inc. announced that it launches its Simple Path Photo Book creation process, which automatically creates a Photo Book in one click.
Shutterfly, Inc. Acquires Tiny Pictures
Shutterfly, Inc. announced that it has acquired Tiny Pictures, a privately held San Francisco based company, backed by Draper Fisher Jurvetson and Mohr Davidow Ventures. Tiny Pictures develops applications and services for picture and video sharing.
Shutterfly, Inc. Issues Q3 2009 Revenue Guidance; EBIT Guidance Above Analysts' Estimates; EPS, EBITDA Guidance Below Analysts' Estimates; Raises FY 2009 Guidance; Reaffirms FY 2009 EBITDA Guidance
Shutterfly, Inc. announced that for third quarter of 2009, it expects net revenues to range from $34-$36 million, GAAP operating loss to range from $(14)-$(12) million, non-GAAP operating loss to range from $(10)-$(8) million, GAAP diluted net loss per share to range from $(0.29)-$(0.35) and non-GAAP diluted net loss per share to range from $(0.20)-$(0.30). Adjusted EBITDA to range from $(2.0)-$(3.5) million. For fiscal 2009, it expects net revenues to range from $205-$220 million, GAAP operating loss to range from $(11) million to break even, non-GAAP operating income to range from $4-$15 million, GAAP diluted net income (loss) per share to range from a net loss of $(0.21) to net income of $0.03 and non-GAAP diluted net income per share to range from $0.14-$0.38. Adjusted EBITDA to range from 14% to 18% of net revenues. According to Reuters Estimates, analysts were expecting the Company to report revenues of $36 million, EBIT of $(11) million, EBITDA of $(1.20) million and EPS of $(0.16) for third quarter of 2009;
Shutterfly, Inc. Partners with Our365 to Celebrate New Arrivals
Shutterfly, Inc. announced a partnership with the provider of in-hospital baby portraits, Our365, Inc. Through the partnership, new moms nationwide will have access to special Shutterfly offerings tailored to commemorate and share their babies' many memorable moments. Through the Shutterfly/Our365 partnership, participating families who had professional Our365 Newborn Portraits taken will receive special discounts at Shutterfly.com in-hospital, via email and through direct mail. As with all Shutterfly customers, Our365 moms will have access to Shutterfly`s safe, secure and free unlimited photo storage. Additionally, through Shutterfly`s dedicated baby store, parents have access to helpful tips like how to capture candid moments, choose the right birth announcement, create a modern baby photo book and even design a family Share site.
