CafePress Earnings: Here’s Why Investors are Ambivalent Now
CafePress Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.08 in the quarter versus EPS of $0.06 in the year-earlier quarter.
Revenue: Rose 31.67% to $52.51 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS loss of $0.08 per share. By that measure, the company beat the mean analyst estimate of $-0.09. It beat the average revenue estimate of $46.96 million.
Quoting Management: “CafePress posted a strong first quarter with robust year-over-year net revenue growth of 32%,” said Chief Executive Officer Bob Marino. “We experienced strong demand for customized products across all of our businesses and particularly strong growth in our e-commerce activities for strategic partners and corporate shops. Our manufacturing consolidation is on track and our investment in operations should drive gross margin expansion as we exit 2013. Looking ahead, we intend to drive growth by exposing more consumers to our wealth of customizable on-demand products via search, social and mobile channels — not only on the CafePress family of brands but by enabling customization wherever e-commerce occurs.”
Key Stats (on next page)…