In the earnings release, Shopify CEO Tobi Lütke said 2019 was a "milestone" year for the company, which lets small businesses sell goods and services to customers by setting up stores on its … Actual results could vary materially as a result of numerous factors, including certain risk factors, many of which are beyond Shopify’s control. Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes. Copyright © 2020 InvestorPlace Media, LLC. Shopify is building a global commerce operating system along with a growing set of tools and capabilities that enable merchants of all sizes to sell to anyone, anywhere.
In 2020, we will continue to invest in our portfolio of growth initiatives to better serve merchants and energize the flywheel well into the future.”Shopify is making these investments in order to further empower individuals, foster greater competition and choice, and increase the distribution of economic prosperity.Fully committed to making commerce better for everyone, in 2020 Shopify plans to further invest in building solutions that remove friction for our merchants and catalyze their sales, while working to make entrepreneurship accessible to everyone. Areas of incremental investment in 2020 include efforts in the following:For the full year 2020, Shopify currently expects:The financial outlook that follows constitutes forward-looking information within the meaning of applicable securities laws and is based on a number of assumptions and subject to a number of risks. Shopify undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.Shopify grew its set of features and enhanced platform functionality in 2019, enabling more merchants around the world to launch businesses and start selling, helping merchants sell more and sell more efficiently, and catalyzing entrepreneurship throughout its ecosystem.In addition to the other assumptions and factors described in this press release, Shopify’s outlook assumes the continuation of growth trends in our industry, our ability to manage our growth effectively and the absence of material changes in our industry or the global economy. 1125 N. Charles St, Baltimore, MD 21201. Operating loss reported by Shopify for the fourth quarter of the year was $9.46 million. For more information, visit www.shopify.com.Shopify enabled greater entrepreneurial activity around the world, empowering more merchants to prosper in 2019:“Shopify’s merchants had a tremendous fourth quarter, powered by our ongoing efforts to help them sell more and manage their businesses more effectively,” said Amy Shapero, Shopify’s CFO. The forward-looking statements contained in this news release represent Shopify’s expectations as of the date of this news release, or as of the date they are otherwise stated to be made, and subsequent events may cause these expectations to change. Shopify makes commerce better for everyone with a platform and services that are engineered for reliability, while delivering a better shopping experience for consumers everywhere. All rights reserved.