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SPS Comm (SPSC) |
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This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals • LogMeIn • Invesco Mortgage Capital • Medidata • Chemspec |
SPS Comm (SPSC) (NASDAQ:SPSC) is a service company which provides software solutions for supply-chain management. The company delivers its product over the internet as a Software as a Service model. It has a contract with 11,000 customers that pay a monthly fee. It has also provided products to over 24,000 organizations. [1]
In a report by Gartner, he estimated in 2008 the market size for integration services market, which includes supply chain management, to be $1.5 billion. While speed remains critical, limiting the supply cycles, the demand for this service is expected to increase each year. [1]
The company's initial public offering of stock filed on the NASDAQ exchange on 3 December 2009. The proposed offer price range is $11.00-$13.00. The company is offering 3.3 million shares and raising $40 million. [1]
For FY2009 with year ended 31 December 2009, the company reported $37.7 million in revenue, up 22.8% from $30.7 million in revenue for FY2008. Furthermore, the company had $1.16 million in net income for FY2009, an increase from a net loss of $1.41 million in FY 2008. In 2009, 80% of revenue came from repeating customers. Furthermore, no customer represented more than 1% of revenue. [1]
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