Monthly data from the United States Postal Service (USPS) revealed an ongoing trend of robust growth in PC Postage revenue, leaving us confident that Stamps.com (STMP) remains poised for another meaningful beat and raise this quarter.
Read MorePC Postage revenue increased 52% Y/Y in August according to monthly data available from the United States Postal Service (USPS). Although a deceleration from the nearly 64% rise in July, the continuing trend of robust growth in PC Postage revenue amid the COVID-19 pandemic brings the quarter-to-date increase to 58% Y/Y.
Read MoreWe attended Box, Inc.’s (BOX) virtual customer conference, BoxWorks Digital 2020, and tuned in to the accompanying investor breakout session. Both the product and financial updates were largely incremental to last year’s highlights, which we previously detailed in our note, “Unpacking BoxWorks 2019.”
Read MoreDespite this being a short week coming off Labor Day, it was quite eventful on our end, especially with one of many fires raging up and down the West Coast igniting uncomfortably close to our home base in Monrovia. We are thankful for all the first responders fighting to keep our collective communities out of harm’s way.
Read MoreWe hosted virtual investor meetings yesterday with CTG, Inc.’s (CTG) CEO, Filip Gydé, and CFO, John Laubacker. In our view, management appeared upbeat with respect to the company’s progress since the outset of the COVID-19 pandemic, its strategic shift towards solutions and the prospects for further margin expansion over time.
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