secwatch.observer — SEC 8-K summary
======================================

Issuer:     SPS COMMERCE INC (SPSC)
CIK:        0001092699
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001171843-22-005034
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPS Commerce Q2 revenue $109.2M (+15% YoY), non-GAAP EPS $0.53; new $50M buyback
--------------------------------------------------------------------------------

- Revenue $109.2M, up 15% YoY; recurring revenue grew 16% to mark 86th consecutive quarter of topline growth.
- GAAP net income $10.8M ($0.29 diluted) vs $10.2M ($0.28) in Q2 2021.
- Non-GAAP diluted EPS $0.53 vs $0.46; Adjusted EBITDA $30.9M, up 13% from Q2 2021.
- Board authorized new $50M share repurchase program, effective Aug 26, 2022 through Jul 26, 2024.
- Q3 2022 guidance: revenue $113.4-$114.4M, non-GAAP EPS $0.51-$0.52; FY22 revenue $446.4-$448.4M, non-GAAP EPS $2.13-$2.15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1092699/000117184322005034/0001171843-22-005034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1092699/000117184322005034/f8k_072722.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-005034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer