Thu, Oct 31, 9:18 PM (63 days ago)
Cimpress plc (CMPR) reported a challenging Q1 FY2025, ending September 30, 2024, with total revenue of $804.97 million, a 6% increase from the previous year, driven by growth across all segments. However, the company experienced a net loss of $12.55 million, significantly down from a profit of $4.55 million in the same period last year, resulting in a diluted loss per share of $(0.50). Operating income rose to $39.34 million, aided by a $23.7 million increase in gross profit, despite higher advertising and operational costs. Adjusted EBITDA decreased slightly to $87.77 million due to currency impacts and increased compensation expenses. Cash flow from operations dropped to $4.38 million, primarily because of unfavorable working capital changes and higher interest payments. Cimpress's debt increased to $1.62 billion, following the issuance of $525 million in new senior notes to refinance existing debt. The company emphasized its ongoing liquidity management, with cash and equivalents at $153 million. Future operations may be impacted by economic uncertainties and currency fluctuations, which have already contributed to volatility in earnings. Management remains focused on enhancing operational efficiency and customer experience to drive growth.