Stamps.com (STMP) reports Q1 ’21 results on Thursday, May 6. For those that missed our missive on the United States Postal Service’s (USPS) ten-year plan and monthly data for February (see “K. Liu’s Week in Review” published on March 27, 2021), our opinion at the time was that Stamps.com was well positioned to meet or exceed our expectations for Q1.

Stamps.com (STMP) delivered Q4 ’20 results ahead of expectations, capping a year of resurgent growth fueled by the COVID-19 pandemic. Most surprising (and impressive) from our perspective was further acceleration in the company’s paid customer growth rate to 35% and a corresponding decline of 15% in the cost per acquired customer.

Stamps.com (STMP) reported Q3 ’20 results well above Street expectations and comfortably ahead of our recently raised estimates.