CafePress Inc. (PRSS) saw its loss widen to $3.37 million, or $0.20 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $2.98 million, or $0.18 a share. Revenue during the quarter went down marginally by 1.24 percent to $18.29 million from $18.52 million in the previous year period. Gross margin for the quarter contracted 447 basis points over the previous year period to 38.06 percent. Operating margin for the quarter stood at negative 18.49 percent as compared to a negative 16.18 percent for the previous year period.
Operating loss for the quarter was $3.38 million, compared with an operating loss of $3 million in the previous year period.
Adjusted EBITDA for the quarter stood at negative $1.91 million compared to negative $1.61 million in the prior year second quarter. At the same time, adjusted EBITDA margin stood at negative 10.43 percent for the quarter compared to negative 8.70 percent in the last year period.
"CafePress first quarter was highlighted by an 8% year-over-year increase in total orders, which is our third consecutive quarter of year-over-year growth in volume. Our total revenue for the quarter was down 1% year-over-year due to the combination of an increasingly competitive online retail environment and more challenging comparisons from the Presidential primary season a year ago," commented Fred Durham, chief executive officer.
Operating cash flow remains negativeCafePress Inc. has spent $9.11 million cash to meet operating activities during the quarter as against cash outgo of $9.88 million in the last year period. Cash flow from investing activities was $1.19 million for the quarter as against cash outgo of $5.34 million in the last year period. It has incurred net capital expenditure of $1.04 million on net basis during the quarter, down 6.88 percent or $0.08 million from year ago period.
The company has spent $0.20 million cash to carry out financing activities during the quarter as against cash outgo of $0.31 million in the last year period.
Cash and cash equivalents stood at $11.85 million as on Mar. 31, 2017, down 30.85 percent or $5.29 million from $17.14 million on Mar. 31, 2016.
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