A snapshot of Shutterfly.Com

August 30, 2006 at 7:57 pm Leave a comment


It had $84 million in 2005 revenue. It made $28.9 million in net income, but before you break out the checkbook to buy shares, $24 million and change came from a one-time tax benefit and a “change in accounting principles.” For the last three years, it has basically been a 55% gross margin business, which gives them plenty of room to make money if they can make their technology and marketing spending scale. But so far they really haven’t — operating margins have stayed in the 6-7% of revenue range even as the company has doubled in size, so that 2003 operating profits of $2.1 million grew only to $4.4 million by last year, even as sales went from $31 million to $84 million. That’s pretty ho-hum for a growth company just passing the tipping point into profitability. Actually, it’s very ho-hum as tipping-point stories go.


Entry filed under: Internet Startup.

28 year old Millionaire Ceo Ryan Allis – 21 – CEO – 26 Employees

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About Biz News

My Name is Bisi and this is my blog This blog features stories that I have read that I think are interesting . I usually bookmark the stories that I find interesting but they are getting too many . I have decided to catalog and share them on this site . I am not really promoting the site so you might have accidentally stumbled on it . Thanks for visiting .
August 2006
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