PRSS 2017 Annual Report

The accompanying notes are an integral part of these consolidated financial statements. 47 CAFEPRESS INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (In thousands, except per share amounts) Year Ended December 31, 2017 2016 (in thousands, except per share data) Net revenue $ 85,685 $ 102,208 Cost of net revenue 52,503 60,406 Gross profit 33,182 41,802 Operating expense: Sales and marketing 21,514 23,167 Technology and development 12,062 12,825 General and administrative 10,110 10,192 Impairment charges — 20,899 Restructuring costs — 2,103 Total operating expense 43,686 69,186 Loss from operations (10,504) (27,384) Interest income 181 179 Interest expense (11) (66) Other income 81 411 Loss before income taxes (10,253) (26,860) Provision (benefit) for income taxes 4 (390) Net loss $ (10,257) $ (26,470) Net loss per share of common stock: Basic $ (0.61) $ (1.58) Diluted $ (0.61) $ (1.58) Shares used in computing net loss per share of common stock: Basic 16,771 16,709 Diluted 16,771 16,709 Other comprehensive loss: Unrealized holding losses on available-for-sale securities, net of tax (4) — Other comprehensive loss (4) — Comprehensive loss $ (10,261) $ (26,470)