CafePress Updates IPO Filing With Q3 Results

CafePress, which has filed to raise $80 million in an initial public offering, reported $105.9 million in revenue for the first nine months of 2011, an increase of 45 percent from the same period in 2010. Losses for the same period widened to $1.5 million, or 17 cents a share, from the same period earlier, when it lost $482,000, or 6 cents a share. The company also said that in early October, it acquired L&S Retail Ventures, which manages a custom online stationery site, for $4.5 million, with an additional $8 million in future performance-based payments.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik