CafePress (PRSS) Misses Q1 EPS by 8c, Miss on Revenue

CafePress (NASDAQ: PRSS) reported Q1 EPS of ($0.20), $0.08 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $18.3 million versus the consensus estimate of $18.66 million.

First Quarter 2017 Financial Highlights

• Net revenue totaled $18.3 million, down 1% compared to $18.5 million in the first quarter of 2016.
• Gross profit margin was 38.1% of net revenue, compared to 42.5% in the first quarter of 2016.
• GAAP net loss was $(3.4) million, or $(0.20) per diluted share, compared to a net loss of $(3.0) million, or $(0.18) per diluted share, in the first quarter of 2016.
• Non-GAAP Adjusted EBITDA was $(1.9) million, compared to Adjusted EBITDA of $(1.6) million in the first quarter of 2016. Prior year Non-GAAP Adjusted EBITDA benefited from a $0.3 million one-time reduction in commission expense.
• Non-GAAP Cash Contribution margin was 23.5% of net revenue, compared to 28.3% in the first quarter of 2016.
• At March 31, 2017, cash, cash equivalents, and short-term investments totaled $33.4 million, or approximately $2.01 per share.

For earnings history and earnings-related data on CafePress (PRSS) click here.

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