CafePress Reports Results for First Quarter 2018
CAFEPRESS (PRSS)
Last cafepress earnings: 2/28 04:15 pm
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US:NASDAQ Investor Relations:
investor.cafepress.com/investor-relations
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Source: GlobeNewswire
LOUISVILLE, Ky., May 02, 2018 (GLOBE NEWSWIRE) -- CafePress Inc. (NASDAQ:PRSS) today reported financial results for the three months ended March 31, 2018. Management Commentary "As previously stated, our top priority is to return to profitability and begin generating positive cash flow. During the first quarter, we took actions to simplify the organization and drive business performance that served to reduce normalized, annual fixed costs and software development spend by $7 million. In addition, we made significant progress toward completing the modernization of CafePress.com and demolishing the old site and are pleased to announce that we achieved another critical milestone during April, having released the new search pages to our primary, US domain,” commented Fred Durham, Chief Executive Officer. “These new search pages are designed to improve the search engine optimization and regain revenue lost from lower traffic related to changes in search engine algorithms beginni
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