Posts Tagged ‘Ecommerce’

Shopify released record Q2 2021 results!

July 29th, 2021 Comments off

Shopify Inc. (NYSE: SHOP) released once again record Q2 2021 results!

Shopify believes that last year the formerly distinct industries of retail and online commerce industry have become one only commerce industry!

„Shopify is building the essential infrastructure for this increasingly digital world to allow as many people as possible to participate,” said Tobi Lütke, Shopify’s CEO

Total revenue in the second quarter 2021 reached $1,119.4 million, up 57% year over year and for the first time quarterly revenue exceeded $ 1 billion.

Adjusted net income for the second quarter of 2021 was $284.6 million, or $2.24 per diluted share, compared with adjusted net income of $129.4 million, or $1.05 per diluted share, for the second quarter of 2020.
At the end of Q2 Shopify had $7.76 billion in cash, cash equivalents and marketable securities, compared with $6.39 billion at December 31, 2020.

On their partnership conference “Shopify Unite 2021” the company announced new initiatives and improvements of the platform:

  • More flexible and customizable storefronts by the platform upgrade Online Store 2.0
    An improved Shopify Checkout including a new Shopify Payments Platform.
  • Continued investments in the Shopify Fulfillment Network.
  • The payment system Shop Pay will become available to all merchants selling in the U.S. on Facebook and Google, even if they don’t use Shopify’s online store.

Shopify’ stock today stands at $ 1’550. That means the stock trades at an expensive price/sales ratio of 56.

But management puts the company’s total addressable market at $153 billion. That’s about 45 times Shopify’s $3.4 billion in sales over the last 12 months.

There is a lot of room to grow for this company!

Shopify’ stock is a „buy“!