How about a raise Jon, your company, it's investors and employees are prospering.
It is about time you spread the wealth to those of us who helped you become successful.
After all you could not have done it without us. "Among other great benefits, Shutterstock offers competitive salaries, health and dental plans, 401k, company equity, daily breakfasts, weekly massages, discounted gym memberships"
http://finance.yahoo.com/news/shutterstock-reports-first-quarter-2013-200500835.htmlShutterstock Reports First Quarter 2013 Financial Results
- Quarterly revenue increases 36% from prior year period to $51.1 million
- Adjusted EBITDA increases 136% to $11.8 million
- Quarterly image downloads increase 27% to 22.3 million
-
Revenue per image download increases 8% to $2.29http://investor.shutterstock.com/phoenix.zhtml?c=251362&p=irol-newsArticle&ID=1759499&highlight="Shutterstock Reports Third Quarter 2012 Financial Results
Snip "Revenue for the third quarter was $42.3 million, a 36% increase from the third quarter of 2011. The Company experienced growth in all product lines and in all major global territories.
Financial Outlook
The Company's current financial and operating expectations for the fourth quarter of 2012, full year 2012 and full year 2013 are as follows:
Fourth Quarter 2012
Revenue of $44 - $45 million
Full Year 2012
Revenue of $164 - $166 million
Cash as Percent of Total Assets (%) (MRQ) 73.73"
http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=SSTK"Year over year, Shutterstock, Inc. has been able to grow revenues from $83.0M USD to $120.3M USD. Most impressively, the company has been able to reduce the percentage of sales devoted to cost of goods sold from 38.99% to 37.83%. This was a driver that led to a bottom line growth from $18.9M USD to $21.9M USD"
http://submit.shutterstock.com/forum/viewtopic.php?t=37831"Posted: Tue May 13, 2008
Dear Shutterstock Submitter,
Looking back on the first four months of 2008, we are happy to confirm that demand remains strong for all of our products. As a result, our submitter payouts continue to increase each month, proving again that Shutterstock has become the go-to resource for high quality royalty-free visual content. We thank you for helping us develop one of the strongest libraries in the industry.
We remain committed to providing a strong financial incentive for you to continue to submit your best work, and we are delighted to announce changes in your payout rates. These changes will become effective over the next 12 hours. Heres how they work:
If you have earned $500 in lifetime earnings from Shutterstock, we will increase your payment per Standard License download to 33 per download. This is a raise of 3 (10%) per download over the current applicable rate of 30.
If you have earned $3,000 in lifetime earnings, we will increase your payment per Standard License download to 36 per download. This is a raise of 6 (20%) per download over the current applicable rate of 30.
If you have earned $10,000 in lifetime earnings, we will increase your payment per Standard License download to 38 per download. This is a raise of 8 (27%) per download over the current applicable rate of 30.
If you have not yet reached these earnings levels, the current payout of 25 per download will remain in force. At midnight on the day your earnings hit these levels, you will automatically be upgraded in our system to the higher payout rate, and that rate will apply going forward.
The royalty for Enhanced License downloads will increase to $28 per download for all submitters. This is a raise of $8 (40%) per download over the current rate of $20.
All Referral, Footage, and CD-a-Month payout rates remain unchanged.
Of course, the fastest way to qualify for the higher payout rates is to submit more high-quality content. These earnings levels are not hard to reach as long as you submit your newest and best work to us.
In return, you can expect us to continue our marketing efforts, product development, and the heavy investment necessary to improve our technology. Our new footage subscription products are a great example of how all these things come together successfully, and there are many others in the pipeline. We continue to hire aggressively to improve our already excellent customer support, and we now offer full time support and site translations in eight foreign languages and counting. We will soon be launching beta versions of our French, German, and Spanish translated Submit sites, which will provide an even better experience for our submitters who are native speakers of these languages.
It is our pleasure to offer you this increase -- it is our way of thanking you again for your support, loyalty and, above all, your fantastic content.
Best Regards,
Shutterstock"
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