Non-GAAP operating expenses as a percentage of revenues contracted 400 bps to 53%. Shopify reported adjusted operating income of $10.5 million against the year-ago quarter's loss of $2.4 million. Balance Sheet & Cash Flow Shopify ended the reported quarter with cash, cash equivalents and marketable securities balance of $2.667 billion compared with $2.013 billion at the end of previous quarter. The company generated cash from operations of $17.7 million during the nine months ended Sep 30, 2019. Guidance For fourth-quarter 2019, Shopify projects revenues in the range of $472-$482 million. The company expects adjusted operating income to be in the range of $10 to $20 million. For full-year 2019, Shopify raised outlook. Management now projects revenues in the range of $1.545-$1.555 billion better than the previously guided range of $1.51-$1.53 billion. Management now expects adjusted operating income for fiscal 2019 to be in the range of $27-$37 million (previously $20-$30 million).