Key Developments: CafePress Inc (PRSS.O)
6.22USD
18 Jun 2013
$-0.11 (-1.74%)
$6.33
$6.31
$6.34
$6.20
21,502
37,587
$15.41
$4.44
Latest Key Developments (Source: Significant Developments)
Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of CafePress Inc
Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of purchasers of the securities of CafePress Inc concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company between March 28, 2012 and July 30, 2012, regarding CafePress`s business, operations and financial condition were false and misleading. CafePress operates an e-commerce platform enabling customers to create, buy and sell various customized and personalized products worldwide. The investigation relates to the Company`s July 30, 2012 announcement that the Company`s net loss for the 2012 fiscal second quarter had increased -- to $260,000, or 2 cents per share, from $129,000, or 1 cent per share, a year earlier -- and that the Company was lowering its guidance forecast moving forward. On this news, shares of the Company's stock declined $5.61 per share, or 40.95%, to close on July 31, 2012, at $8.09 per share, on unusually heavy trading volume. Full Article
Acacia Research Corp's Subsidiary Enters Into License Agreement With CafePress Inc
Acacia Research Corp announced that Express Card Systems LLC subsidiary has entered into a settlement and license agreement with CafePress Inc. The agreement resolves litigation that was pending in the United States District Court for the Eastern District of Texas. Full Article
CafePress Inc Issues Q2 2013 Guidance In Line With Analysts' Estimates; Raises FY 2013 Revenue Guidance; Reaffirms FY 2013 Earnings Guidance
CafePress Inc announced that for the second quarter of 2013, it expects net revenues in the range of $50.5 million to $54.5 million. adjusted EBITDA ranging from a loss of $0.2 million to income of $1.3 million. Non-GAAP net loss per diluted share of $(0.11) to $(0.04). For fiscal 2013, the Company revised its guidance and expects net revenues ranging from $248 million to $261 million, a year-over-year increase of 14% to 20%. Adjusted EBITDA of $11 million to $16 million. Non-GAAP net income per diluted share of $0.07 to $0.22. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $54.0 million, EBITDA of $1.3 million and EPS of $(0.03) for the second quarter of 2013; revenue of $252 million, EBITDA of $13 million for fiscal 2013. Full Article
CafePress Inc Issues Q1 2013 Guidance; EBITDA Guidance Below Analysts' Estimates; Issues FY 2013 Guidance; Earnings Guidance Below Analysts' Estimates
CafePress Inc announced that for the first quarter of 2013, it expects net revenues to be in the range of $44 million to $48 million. Adjusted EBITDA ranging from a loss of $(1.5) million to income of $0.2 million. Non-GAAP net loss per diluted share of $(0.15) to $(0.08). For fiscal 2013, it expects net revenues ranging from $246 million to $259 million, adjusted EBITDA of $11 million to $16 million and Non-GAAP net income per diluted share of $0.07 to $0.22. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $47 million, EBITDA of $1.7 million and EPS of $(0.01) for the first quarter of 2013; revenue of $250 million, EBITDA of $19 million and EPS of $0.45 for fiscal 2013. Full Article
CafePress Inc and VIZ Media Announce Partnership to Produce & Sell Fan-Customizable Anime Merchandise for Lifestyle Brand Toshin
CafePress Inc and VIZ Media, LLC (VIZ Media), publisher, distributor and licensor of anime and manga in North America, is announcing a partnership. The companies have come together to offer fans a curated selection of official and fan-designed merchandise incorporating VIZ Media's best-loved anime brands for lifestyle brand Toshin. Full Article
CafePress Inc Issues Q4 2012 Guidance In Line With Analysts' Estimates; Raises FY 2012 Revenue Guidance; Lowers FY 2012 Earnings Guidance-Conference Call
CafePress Inc announced that for the fourth quarter of 2012, it expects net revenues to be in the range of $80.0 million to $87.0 million, Adjusted EBITDA ranging from $6.0 million to $10.0 million, and Non-GAAP net income per diluted share of $0.16 to $0.32. For fiscal 2012, it expects net revenues to be in the range of $210.5 million to $217.5 million, Adjusted EBITDA of $14.2 million to $18.2 million and Non-GAAP net income per diluted share of $0.31 to $0.48. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $83.8 million, EBITDA of $8.04 million and EPS of $0.26 for the fourth quarter of 2012; revenue of $214.35 million, EBITDA of $16.25 million and EPS of $0.41 for fiscal 2012. Full Article
CafePress Inc Completes Acquisition Of EZ Prints, Inc.
CafePress Inc announced the completion of its previously announced acquisition of EZ Prints, Inc. On October 25, 2012, CafePress Inc closed the merger agreement whereby it purchased all of the outstanding stock of EZ Prints, Inc in exchange for approximately $30 million in initial cash. The transaction also includes a single year earn-out opportunity of up to $10 million in the aggregate based on achieving revenue growth and other performance milestones. Full Article
CafePress Inc Announces Acquisition Of EZ Prints Inc
CafePress Inc announced that it has entered into an agreement to acquire privately held EZ Prints Inc., a complete deployable e-commerce platform, significantly strengthening CafePress' ability to offer products and services everywhere e-commerce occurs. Under the terms of the definitive merger agreement, at closing, CafePress will acquire all of the outstanding stock of EZ Prints in exchange for approximately $30 million in initial cash. The transaction also includes a single year earn-out opportunity of up to $10 million in the aggregate based on achieving revenue growth and other performance milestones. Subject to the satisfaction of various closing conditions, CafePress anticipates that the transaction will close in approximately 15 to 45 days. Full Article
CafePress Inc Issues Q3, FY 2012 Guidance Below Analysts' Estimates
CafePress Inc announced that for third quarter of 2012, it expects net revenues of $42.5-$45.0 million, adjusted EBITDA of $2.9-$3.5 million, non-GAAP net income per diluted share of $0.05-$0.07, GAAP net loss of $(1.0)-$(0.5) million and GAAP net loss per diluted share of $(0.06)-$(0.03). For fiscal 2012, it expects net revenues of $208-$217 million, adjusted EBITDA of $23.0-$25.0 million, non-GAAP net income per diluted share of $0.68-$0.77, GAAP net income of $4.0-$5.4 million and GAAP net income per diluted share of $0.23-$0.32. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $50 million, EBITDA of $4.1 million and EPS of $0.10 for third quarter of 2012; revenue of $228.7 million, EBITDA of $26.7 million and EPS of $0.81 for fiscal 2012. Full Article
CafePress Inc Completes Acquisition Of Logo'd Software, Inc.
CafePress Inc announced that it has completed the acquisition of substantially all of the assets of Logo'd Softwear, Inc. (www.logosportswear.com), an e-commerce provider of personalized apparel and merchandise for groups and organizations. In March 2012, CafePress entered into an agreement to acquire substantially all of the assets of Logo'd Softwear. The asset purchase agreement provided for a total initial purchase price of $8.3 million, consisting of $7.5 million in cash and 45,060 shares of CafePress common stock, as well as contingent rights for the principal stockholder to receive up to $8.6 million in future performance-based cash consideration. In addition, in connection with the closing, the Board of Directors of CafePress granted the principal stockholder an option to purchase shares of CafePress common stock with an aggregate value of up to $2.1 million, with vesting based on the achievement of certain performance milestones. The contingent right to future earn-out payments will expire on June 30, 2016. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
