SPS Commerce expects TIE Kinetix acquisition to have ‘nominal’ impact on Q3

Based on the current expectations for the timing of the close of the acquisition in the third quarter, SPS Commerce provided the following preliminary information on the anticipated financial impact of the acquisition. SPS Commerce anticipates the acquisition will have a nominal impact on the third quarter 2023 expected financial results, with the exception of approximately $1 million of certain one-time deal-related costs. For the fourth quarter of 2023, SPS Commerce anticipates the acquisition will add approximately $3.9 million of revenue and expects Adjusted EBITDA of the acquired business to be approximately ($500,000). The Company expects the acquisition to contribute approximately $16.0 million in revenue and at least breakeven in Adjusted EBITDA in fiscal year 2024. The Company also expects the acquisition to contribute $2 million to $3 million to Adjusted EBITDA in fiscal year 2025.