Thursday, October 22, 2009

Stamps.com: PC Postage Up, PhotoStamps Down

Los Angeles-based Stamps.com, a provider of online postage, reported its quarterly results Thursday, saying that PhotoStamps revenue was down 6% versus the same period last year, but PC Postage revenue was up 5%. The firm said it earned $1.7M on revenues of $20.2M. The firm attributed the drop in PhotoStamps revenue to a 46% cut in its overall level of sales and marketing costs versus Q3 of 2008.