NEW YORK (TheStreet) --CafePress Inc. (PRSS) reported a net loss of -$3.6 million, or -21 cents per diluted share on a GAAP basis for the 2014 second quarter, compared to a net loss of -$1.7 million, or -10 cents per diluted share for the year ago period.
The e-commerce platform, which allows customers to create, buy, and sell a variety of customized and personal products, said its non-GAAP net loss for the most recent quarter was -$1.8 million, or -11 cents per diluted share, compared to -$0.7 million, or -4 cents per diluted share, for the 2013 second quarter.
CafePress’ net revenue dropped to $51.4 million versus $52.4 million for last year’s second quarter.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE
Separately, TheStreet Ratings team rates CAFEPRESS INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate CAFEPRESS INC (PRSS) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."