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Cafepress Inc. (1117733) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

SEC Filings

1117733 Quarterly Reports

Cafepress Inc.

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CIK: 1117733


Exhibit 99.1
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CafePress Reports Results for Second Quarter 2018




 LOUISVILLE, Ky., July 31, 2018 - CafePress Inc. (NASDAQ: PRSS) today reported financial results for the three months ended June 30, 2018.
Management Commentary
"The actions we took in the first quarter to drive business performance and return to profitability are positively impacting results. During the second quarter, we experienced higher gross margins, a reduction in net loss and positive Adjusted EBITDA. In addition, we made significant progress toward completing the modernization of CafePress.com and demolishing the old site,” commented Fred Durham, Chief Executive Officer. “Although we continue to experience lower traffic and revenue through CafePress.com, we are seeing improved crawling and indexing rates on our US domain and a slow, sequential rebound in traffic. We continue to believe the new, modern website will ultimately result in improved search engine optimization and the return of revenue lost from lower traffic. Our Board of Directors and management team consistent with its fiduciary duty continues to carefully consider all options to enhance shareholder value,” continued Durham.

"Growth in the Retail Partner Channel continued within the quarter as we benefited from both domestic and international expansion and the catalog build out of Walmart.com and eBay. We anticipate continued growth in retail partner channels as we build out existing channels and integrate new marketplaces," concluded Durham.

Second Quarter 2018 Operating Highlights
CafePress.com Modernization:
•
During the quarter, the Company made significant strides toward finishing work designed to grow revenue through CafePress.com and mitigate the pressure resulting from the changes in search engine algorithms in the second quarter of 2017; this technical work included:
◦
Released search pages for the new, modern CafePress.com to the fourth of four web domains
◦
Released cart and checkout pages for the new, modern CafePress.com to three of four web domains

Retail Partner Channel:
•
Began taking orders through the eBay marketplace and performed work to build out the initial catalog
•
Continued build out of the product catalog with Walmart.com












1
The following information was filed by Cafepress Inc. on Tuesday, July 31, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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Cafepress Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

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Inside Cafepress Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Loss
Balance Sheet Items
Balance Sheet Items (Tables)
Balance Sheet Items - Additional Information (Detail)
Balance Sheet Items - Allowances For Sales Returns And Chargebacks (Detail)
Balance Sheet Items - Components Of Accrued Liabilities (Detail)
Balance Sheet Items - Inventory, Net (Detail)
Balance Sheet Items - Property And Equipment, Net (Detail)
Business And Summary Of Significant Accounting Policies
Business And Summary Of Significant Accounting Policies (Policies)
Business And Summary Of Significant Accounting Policies (Tables)
Business And Summary Of Significant Accounting Policies - Additional Information (Detail)
Business And Summary Of Significant Accounting Policies - Net Revenue Summary (Details)
Business And Summary Of Significant Accounting Policies - Reconciliation Of Cash, Cash Equivalents And Restricted Cash (Details)
Escrow Agreement
Escrow Agreement - Additional Information (Detail)
Geographic Information
Geographic Information (Tables)
Geographic Information - Schedule Of Revenues By Geographic Region (Detail)
Investments And Fair Value Of Financial Instruments
Investments And Fair Value Of Financial Instruments (Tables)
Investments And Fair Value Of Financial Instruments - Components Of Cash Equivalents And Short-Term Investments, Including Unrealized Gains And Losses (Detail)
Investments And Fair Value Of Financial Instruments - Short-Term Investment Activity (Detail)
Investments And Fair Value Of Financial Instruments - Short-Term Investments Classified By Contractual Maturity Date (Detail)
Merger With Snapfish
Merger With Snapfish - Additional Information (Details)
Net Loss Per Share Of Common Stock
Net Loss Per Share Of Common Stock (Tables)
Net Loss Per Share Of Common Stock - Basic And Diluted Net Income (Loss) Per Share Of Common Stock (Detail)
Net Loss Per Share Of Common Stock - Computation Of Diluted Net Income (Loss) Per Share Of Common Stock (Detail)
Related Party Transaction
Related Party Transaction (Detail)
Restructuring
Restructuring (Tables)
Restructuring - Additional Information (Details)
Restructuring - Restructuring Liability (Details)
Shareholder Litigation Related To Merger With Snapfish
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Additional Information (Detail)
Stock-Based Compensation - Restricted Stock Unit Activity (Detail)
Stock-Based Compensation - Stock Option Activity Related To Shares Of Common Stock (Detail)
Stock-Based Compensation - Stock-Based Compensation Included In Cost Of Net Revenues And Operating Expenses (Detail)
Stock-Based Compensation - Valuation Assumptions (Detail)
Subsequent Event
Subsequent Event - Additional Information (Details)

Material Contracts, Statements, Certifications & more

Cafepress Inc. provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.1: Section 1350 Certification
Exhibit 32.2: Section 1350 Certification
CIK: 1117733
Form Type: 10-Q Quarterly Report
Accession Number: 0001117733-18-000090
Submitted to the SEC: Fri Nov 16 2018 11:11:45 AM EST
Accepted by the SEC: Fri Nov 16 2018
Period: Sunday, September 30, 2018
Industry: Retail Miscellaneous Retail

External Resources:
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