Last $2.29 USD
Change Today -0.13 / -5.37%
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As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

cafepress inc (PRSS) Key Developments

CafePress Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

CafePress Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s net revenues were $48,568,000 compared to $50,443,000 for the same period of last year. Loss from operations was $6,631,000 compared to $4,349,000 for the same period of last year. Loss before income taxes was $6,663,000 compared to $4,389,000 for the same period of last year. Net loss was $6,414,000 compared to $4,389,000 for the same period of last year. Net loss per basic and diluted share was $0.37 compared to $0.18 for the same period of last year. Adjusted LBITDA was $2,051,000 compared to Adjusted EBITDA of $614,000 for the same period of last year. Non-GAAP operating loss was $4,464,000 compared to $1,637,000 for the same period of last year. Non-GAAP net loss was $2,831,000 compared to $1,036,000 for the same period of last year. Non-GAAP net income per diluted share was $0.16 compared to $0.06 for the same period of last year. Capital expenditures were $1.7 million compared to $3.3 million a year ago. For the nine months, the company’s net revenues were $148,134,000 compared to $155,353,000 for the same period of last year. Loss from operations was $15,738,000 compared to $11,962,000 for the same period of last year. Loss before income taxes was $15,866,000 compared to $12,078,000 for the same period of last year. Net loss was $15,199,000 compared to $8,818,000 for the same period of last year. Net loss per basic and diluted share was $0.88 compared to $0.51 for the same period of last year. Adjusted LBITDA was $2,874,000 compared to Adjusted EBITDA of $1,805,000 for the same period of last year. Non-GAAP operating loss was $10,371,000 compared to $4,846,000 for the same period of last year. Non-GAAP net loss was $6,693,000 compared to $3,206,000 for the same period of last year. Non-GAAP net loss per diluted share was $0.39 compared to $0.19 for the same period of last year. Net cash used in operating activities was $19,522,000 compared to $9,145,000 for the same period of last year. Purchase of property and equipment was $2,144,000 compared to $3,999,000 for the same period of last year.

Cafepress.Com Ceases Sridharan as President, Effective as of January 1, 2015

CafePress Inc. announced that Mr. Sridharan will cease to serve as President of CafePress.com effective as of January 1, 2015.

CafePress Inc. to Report Q3, 2014 Results on Nov 13, 2014

CafePress Inc. announced that they will report Q3, 2014 results at 5:00 PM, US Eastern Standard Time on Nov 13, 2014

CafePress Inc., Q3 2014 Earnings Call, Nov 13, 2014

CafePress Inc., Q3 2014 Earnings Call, Nov 13, 2014

CafePress Announces Settlement in Copyright Infringement Suit Brought by Tiki Shark Art Inc

CafePress Inc. announced the company has entered into an agreement to settle all claims brought against CafePress by artist Brad Parker through his company, Tiki Shark Art Inc. This settlement resolves all claims between the two companies. Under the terms of the settlement, CafePress will be required to make no financial or other payment to Tiki Shark Art Inc. Under the terms of this settlement, Tiki Shark Art Inc. will dismiss the lawsuit against CafePress with prejudice, and will be prohibited from suing CafePress for any future claims of infringement unless Tiki Shark Art Inc. first provides CafePress with written notice of any user-uploaded content on the CafePress website alleged to infringe Tiki Shark Art Inc.'s intellectual property rights, and CafePress does not promptly remove any such images from the CafePress website in response to any colorably valid claims of infringement.

 

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