HispanicBusiness

Excluding the stock-based compensation expense, relocation expense, and non-cash income tax benefit, 2012 non-GAAP operating income was $28.6 million and non-GAAP net income was $28.5 million or $1.70 per share based on fully diluted shares outstanding of 16.8 million. This compares to 2011 non-GAAP operating income of $20.6 million, non-GAAP net income of $21.2 million and non-GAAP net income per fully diluted share of $1.40. Thus, 2012 non-GAAP operating income, non-GAAP net income and non-GAAP fully diluted earnings per share increased by 38%, 35% and 22% year-over-year, respectively.

Share Repurchase

During the fourth quarter of 2012, the Company repurchased a total of 499 thousand shares at a total cost of $11.9 million. On February 7, 2013, the Board of Directors approved a new share repurchase plan that replaces all prior repurchase plans and authorizes the Company to repurchase up to 1.0 million shares of Stamps.com stock during the next six months.

Business Outlook

Stamps.com currently expects 2013 revenue to be in a range of $120 to $130 million and 2013 GAAP net income per share to be in a range of $1.48 to $1.68, including approximately $4.5 million of stock-based compensation expense. Excluding the stock-based compensation expense, non-GAAP 2013 net income per fully diluted share is expected to be in a range of $1.75 to $1.95.

Company Customer Metrics

A complete set of the quarterly customer metrics for the past seven fiscal years is available at http://investor.stamps.com (under a tab on the left side called Company Information, Metrics).

Quarterly Conference Call

The Stamps.com financial results conference call will be web cast today at 5:00 p.m. Eastern Time and may be accessed at http://investor.stamps.com. The Company plans to discuss its business outlook during the conference call. Following the conclusion of the web cast, a replay of the call will be available at the same website.

About Stamps.com and PhotoStamps

Stamps.com (NASDAQ: STMP) is a leading provider of Internet-based postage services. Stamps.com's service enables small businesses, enterprises, advanced shippers, and consumers to print U.S. Postal Service-approved postage with just a PC, printer and Internet connection, right from their home or office. The Company currently has PC Postage partnerships with Avery Dennison, Microsoft, HP, the U.S. Postal Service and others.

PhotoStamps is a patented Stamps.com product that couples the technology of PC Postage with the simplicity of a web-based image upload and order process. Customers may create full custom PhotoStamps with their own digital photograph, or they may choose a licensed image from one of many PhotoStamps collections such as the collegiate collection. Stamps.com currently has PhotoStamps partnerships with HP/Snapfish and others.