Stamps.com 2012 Annual Report Download - page 13

Download and view the complete annual report

Please find page 13 of the 2012 Stamps.com annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 85

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85

As of February 28, 2013, we had 15,319,433 shares outstanding, and therefore ownership of approximately 766,000 shares or more would
currently constitute a “5% shareholder”.
We strongly urge that any stockholder contemplating becoming a 5% or more shareholder
contact us before doing so.
Employees
As of December 31, 2012, we had approximately 233 employees not including temporary or contract workers. Our employees work in various
departments including customer support, research and development, sales and marketing, information technology and general administration.
None of our employees are represented by a labor union. We believe that we have a good relationship with our employees.
Segments, Geographical and Revenue Information
We operate in a single market segment, “Internet Mailing and Shipping Services”
and therefore have only one reportable segment. All of our
operations, revenue and assets are within the United States. During 2012, 2011 and 2010, we did not recognize revenue from any one customer
that represented 10% or more of revenues. See Item 7. “Management’
s Discussion and Analysis of Financial Condition and Results of
Operations--Results of Operations for years ended December 31, 2012 and 2011,” and “Management’
s Discussion and Analysis of Financial
Condition and Results of Operations--Results of Operations for years ended December 31, 2011 and 2010,”
for the percentage of total revenue
contributed by categories of similar products or services that accounted for 10 percent or more of consolidated revenue. Our product and
insurance revenues are subject to seasonal variations with the fourth and first calendar quarters being typically seasonally stronger and the
second and third calendar quarters being typically seasonally slower. Our service revenue does have some seasonal variation driven by typically
seasonally stronger customer acquisition and usage in the fourth and first calendar quarters and typically seasonally slower customer acquisition
and usage in the second and third calendar quarters. Our PhotoStamps revenue is typically seasonally stronger in the fourth calendar quarter due
to the holidays.
Company Information
We were founded in September 1996 and we were incorporated in Delaware in January 1998 as StampMaster, Inc., changing our name to
Stamps.com Inc. in December 1998. We completed our initial public offering in June 1999. Our common stock is listed on the NASDAQ Stock
Market under the symbol “STMP.”
Our principal executive offices are located at 1990 E. Grand Avenue, El Segundo, CA 90245, and our telephone number is (310) 482-5800.
Available Information
We make available on our website (www.stamps.com), free of charge, our annual report on Form 10-K, quarterly reports on Form 10-
Q, current
reports on Form 8-
K and all amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act, as soon as
reasonably practicable after such material is electronically filed or furnished to the SEC (information contained on our website is not part of this
Annual Report on Form 10-K). Our Annual Report on Form 10-
K may also be obtained free of charge by written request to Investor Relations,
Stamps.com Inc., 1990 E. Grand Avenue, El Segundo, CA 90245.
Table of Contents
9