CafePress Inc. Appoints Nick Swinmurn to its Board of Directors
Jul 8 15
CafePress Inc. announced that Nick Swinmurn, founder of Zappos.com, was appointed to the company's Board of Directors, effective July 6, 2015. Including the addition of Swinmurn, the CafePress Board consists of six directors.
CafePress Inc. Announces the Resignation of Douglas Leone as Member of the Board of Directors, Effective as of July 1, 2015
Jun 16 15
On June 12, 2015, director Douglas Leone notified CafePress Inc. that he was resigning as a member of the Board of Directors, effective as of July 1, 2015. Mr. Leone's decision was not the result of any disagreement with the company or the Board of Directors.
CafePress Inc. Announces Auditors Changes
Jun 15 15
On June 12, 2015, the Audit Committee of the Board of Directors of CafePress Inc. dismissed PricewaterhouseCoopers LLP as the company's independent registered public accounting firm effective immediately and appointed BDO USA, LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2015.
CafePress Inc. Announces Board Appointments
May 19 15
CafePress Inc. at its Annual Meeting of Stockholders held on May 15, 2015, approved the appointment of Kenneth McBride and Anthony C. Allen as Class III directors to hold office until the 2018 Annual Meeting of Stockholders or until their successors are elected and qualified.
CafePress Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 12 15
CafePress Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenues of $27,357,000 compared to $30,902,000 a year ago. Loss from operations was $4,221,000 compared to $6,994,000 a year ago. Loss before income taxes was $4,196,000 compared to $7,032,000 a year ago. Net income was $11,745,000 compared to net loss of $4,992,000 a year ago. Basic and diluted net income per share was $0.67 compared to LPS of $0.29 a year ago. Net cash used in operating activities was $12,419,000 compared to $13,317,000 a year ago. Purchase of property and equipment was $175,000 compared to $372,000 a year ago. Adjusted LBITDA from continuing operations was $1,220,000 compared to $2,631,000 a year ago. Non GAAP operating loss was $3,161,000 compared to $4,820,000 a year ago. Non GAAP net loss from continuing operations was $2,023,000 or $0.12 per basic and diluted share compared to $3,109,000 or $0.18 per basic and diluted share a year ago. Loss from continuing operations was $3,112,000 against $6,404,000 a year ago. Diluted loss per share from continuing operations was $0.18 against $0.37 a year ago. Capital expenditures totaled $0.8 million compared to $1.2 million a year ago, on lower levels of investment in both plant infrastructure and capitalized software development. The company has free cash flow which defines as adjusted EBITDA less CapEx of $2.1 million outflow compared to $3.9 million outflow last year. Operating cash outflow was $12.4 million compared to an operating cash outflow of $13.3 million in the same period last year.