Shopify results

Profit a quarter earlier than guided, and revenue up 72%.



What never ceases to amaze me is your uncanny gift of an incredibly accurate gut feeling. Do you know why exactly you had such a certainty that they would show a profit a quarter early?

Are you from the future?

Great result. Shop continues to execute. Not sure how that’ll contribute to the stock price other than keep the momentum going. But wow the company is doing fantastic.


This is the best middle finger to those short predictions.


down 5% in the premarket

Down -13% right now…someone doesn’t like something.

It’s gotta be the growth in the merchant cash advances receivable figure on the cash flow statement.

SHOP owner

So… why is it down so much?

And the 16% growth year over year of diluted share count.

SHOP owner

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Also maybe a little of the ol’ “buy on the rumor, sell on the news”?

They call me,


What a gift. Thanks

My experience over the years, is that shorts like Citron, fearing a rise after good results, sell a bunch in the pre-market, when volume is thin, and pushing the price down. This scares the longs, who wonder if they missed something, and drives out the momentum players who were hoping for a bounce, and some of them sell too. With great results, the price is usually back up in a day or two. But that’s just a guess. I had thought of warning people that no matter how good the results, the price would probably be down in the first hours at least, but I’m sorry, I forgot, and never got around to it.



PS - I see it’s already come back $7 from the low, 15 minutes ago, as I type.

Down -13% right now…someone doesn’t like something.

Only down -5% right now…looks like Saul might be right about Citron/panic
sellers on the open.

Oops, $9! (two minutes later)

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I hate trading, but the opportunity was too good to pass up. Liquidated half my portfolio and put it into SHOP between $96 and $98 per share. Cost basis went up, but expecting a huge rebound if not today, within the next few days. Planning on around $115 or more by end of week, unless there was something I missed in conference call.

Saul, u hit the nail on the head and as they say in the UK…”you need bottling”

Maybe the street did not like CEO’s responds to the attack… any thoughts on this one?

From SHOP’s press release:

Operating loss for the third quarter of 2017 was $12.7 million, or 7.4% of revenue, versus $9.5 million, or 9.5% of revenue, for the comparable period a year ago.

Adjusted operating income for the third quarter of 2017 was $1.7 million, or 1.0% of revenue; adjusted operating loss for the third quarter of 2016 was $2.2 million, or 2.2% of revenue

Net loss for the third quarter of 2017 was $9.4 million, or $0.09 per share, compared with $9.1 million or $0.11 per share, for the third quarter of 2016.


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stock based comp is a real expense
even if this company pretends it isn’t
Operating loss was 43m over the past 9 months
what’s weird is that operating cash flow was a loss too
course, with that BS it doesn’t matter

course, when all it said and done, eventually people will focus on the top line is my guess…