The United States Postal Service’s (USPS) monthly data for April reflected a 6.4% Y/Y decrease in PC Postage revenue. Although we never like to see declines, context matters.
Read MoreHappy New Year! We issued our first report in 2021 on CTG, Inc. (CTG) as the company’s multi-year renewal of a contract with its largest customer and a slew of insider buying over the past two months provided us with greater confidence in the potential for further gains going forward.
Read MoreWe have included several news items from last week to this week’s recap as there were some notable developments during the shortened holiday week. The most pertinent to us was the publication of the United States Postal Services’ monthly trial balance data prior to Thanksgiving, which revealed a 39% Y/Y increase in PC Postage revenue in October.
Read MoreResults from the initial slate of off-calendar reporting companies were generally well received and largely reflected the varying degrees of resiliency and recovery highlighted by those following the traditional reporting cycle.
Read MoreThe United Postal Service’s (USPS) monthly data for April revealed a 54.7% Y/Y increase in PC Postage revenue, marking a significant acceleration from the 13.4% increase in March and the 13.7% increase in the same period last year. This comes as no surprise as management’s commentary during Stamps.com’s (STMP) Q1 earnings call highlighted double-digit growth in U.S. dollar volume processed across all carriers in March and growth north of 50% in April.
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