CafePress Reports Results for Second 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., July 31, 2018 (GLOBE NEWSWIRE) -- 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 mana
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