Shutterfly announces 2013 results

Shutterfly said the number of transacting customers totaled 8.1 million, a plus of 15%. Orders totaled 18.6 million, a 14% year-over-year increase. Average order value increased by 7% to US$40.19.

For the year 2014, Sutterfly expects Net revenues to range from US$900.0 million to 920.0 million, a year-over-year increase of 14.8% to 17.4%, with an adjusted EBITDA of US$160.2 million to 174.8 million, or 17.8% to 19.0% of net revenues. Due to the impact of a full year of depreciation from its expanded and acquired manufacturing facilities and acquired rental assets, increased stock based compensation, and a full year of intangible amortization from 2013 acquisitions, Shutterfly expects a GAAP operating income/(loss) to range from a loss of ($11.5) million to income of $1.7 million.