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CafePress Q3 loss narrows YOY

CafePress Inc. said its third-quarter normalized net income was a loss of 7 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 7 cents per share.

The per-share loss decreased 63.6% year over year from 20 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $1.3 million, compared with a loss of $3.5 million in the prior-year period.

The normalized profit margin climbed to negative 6.9% from negative 13.7% in the year-earlier period.

Total revenue fell 24.8% on an annual basis to $19.5 million from $25.9 million, and total operating expenses decreased 32.0% year over year to $21.5 million from $31.6 million.

Reported net income totaled a loss of $3.6 million, or a loss of 21 cents per share, compared to a loss of $5.4 million, or a loss of 31 cents per share, in the year-earlier period.