CIMPRESS PLC Reports Q2 FY2023 Earnings with Total Revenue of USD -140.0 Million and Net Income of USD 845.2 Million.

Earnings report

CIMPRESS PLC ($NASDAQ:CMPR), a leading global technology and manufacturing company, recently reported its financial results for the second quarter of FY2023. The results were announced on January 26 2023 and reported revenue of USD -140.0 million and net income of USD 845.2 million for the period ending December 31 2022. These results represent a huge decrease in total revenue of 355.5% compared to the same quarter in the previous year. Similarly, net income for the quarter was reported to be USD 845.2 million, a decrease of 0.5% compared to the same period in the previous year. This decrease is largely attributed to the decrease in total revenue, as well as increased costs associated with the development of new products and services.

CIMPRESS PLC is a publicly traded company that operates in the technology and manufacturing industries. The company offers a wide range of services, including printing services, software development, custom manufacturing and logistics services. Overall, CIMPRESS PLC reported lower earnings for the second quarter of FY2023, primarily due to decreased total revenue and increased costs associated with new product and services development. While these results may be concerning to some investors, it is important to remember that CIMPRESS PLC is still a strong and successful company with a long history of success in its respective industries.

Market Price

On Thursday, CIMPRESS PLC, a leading worldwide provider of mass customization services, reported its Q2 FY2023 earnings. The company reported total revenue of USD -140.0 million and net income of USD 845.2 million. This was a decrease of 9.1% from the previous quarter’s figures of USD 32.7 million. This allowed the company to increase its net income by 845%. The company also reported a decrease in its total assets and liabilities from the previous quarter.

This allowed the company to improve its overall financial position. The stock opened at $31.2 and closed at $29.7, a decrease of 9.1% from last closing price of 32.7. Looking forward, the company is confident that it will continue to deliver strong results in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Cimpress Plc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Cimpress Plc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Cimpress Plc. More…

Key Ratios Snapshot

Some of the financial key ratios for Cimpress Plc are shown below. More…

Analysis

GoodWhale has conducted an analysis of CIMPRESS PLC‘s financials and has determined that it is a medium risk investment in terms of financial and business aspects. This risk rating takes into account the company’s performance over the past few years, as well as its current financial situation. GoodWhale has also detected two risk warnings in the income sheet and balance sheet. However, in order to view the details of these warnings, one must become a registered user. GoodWhale’s analysis of CIMPRESS PLC’s financials is an important tool for prospective investors. It provides insight into the company’s financial health and stability, which can be used to make informed investment decisions. Furthermore, GoodWhale’s risk warnings allow investors to be aware of potential risks associated with investing in CIMPRESS PLC. Overall, GoodWhale’s analysis of CIMPRESS PLC’s financials can be a valuable resource for investors looking to assess the company’s financial health and make informed investment decisions. It is important to note that while GoodWhale’s analysis can be a useful tool, investors should also conduct their own due diligence and research before investing in any company. More…

Peers

Its main competitors are Yellow Pages Ltd, Immotion Group PLC, NAHL Group PLC.

– Yellow Pages Ltd ($TSX:Y)

Yellow Pages Ltd is a Canadian digital media and marketing solutions company that serves communities across Canada. The company has a market cap of 253.75M as of 2022 and a Return on Equity of 35.94%. Yellow Pages Ltd is a leading provider of digital marketing solutions for businesses of all sizes. The company offers a variety of services, including website design and development, search engine optimization, social media marketing, and more.

– Immotion Group PLC ($LSE:IMMO)

Immotion Group PLC is a technology company that creates immersive virtual reality experiences. The company has a market capitalization of 10.28 million as of 2022 and a return on equity of -13.91%. Immotion Group PLC creates immersive virtual reality experiences that allow users to feel as if they are inside the experience. The company’s technology is used in a variety of industries, including gaming, entertainment, healthcare, and education.

– NAHL Group PLC ($LSE:NAH)

NHL Group PLC is a holding company that engages in the provision of financial services. It operates through the following segments: Life, Pensions, and Investments; and Property and Casualty. The Life, Pensions, and Investments segment offers products and services including life assurance, pensions, and investments. The Property and Casualty segment provides cover for motor vehicles, home buildings and contents, liability, and commercial property and business interruption. The company was founded on May 11, 2004 and is headquartered in London, the United Kingdom.

Summary

CIMPRESS PLC, a publicly traded company, recently released its second quarter earnings report for FY2023. Total revenue dropped significantly to -140.0 million USD, a decrease of 355.5% compared to the same quarter in the previous year. Net income also decreased 0.5% to 845.2 million USD year-over-year. Investors reacted negatively to the news, as the stock price fell the same day. Investors should consider a few key aspects when analyzing CIMPRESS PLC.

First, the company’s overall financial performance has been weak, with total revenue and net income dropping significantly year-over-year.

Additionally, the company’s stock price has been volatile, possibly due to market sentiment about its weak performance. Finally, investors should take into account the potential risks associated with investing in CIMPRESS PLC, such as potential changes in government regulations or economic conditions that could affect the company’s performance. In conclusion, CIMPRESS PLC’s recent financial report does not suggest a promising outlook for the company. Investors should carefully consider their individual risk tolerance and financial goals when deciding whether or not to invest in CIMPRESS PLC.