Cimpress reports mixed fourth quarter

Cimpress plc, parent company of Vistaprint,  reported mixed fourth-quarter fiscal 2021 results, with an adjusted loss of 45 cents per share, which was improved from last years’ loss of $1.62 cents per share. In fiscal 2021, the company’s adjusted loss was $2.99 per share against adjusted earnings of $3.00 in fiscal 2020.

Fiscal fourth-quarter revenues were a better-than-expected $641 million compared with $429.1 million last year. For the full year, revenues improved from $2.592 billion compared with $2.481 billion in the prior year.

Vistaprint, the conglomerates largest revenue generating segment, reported revenues of $351.7 million, up from $244.5 million in the year-ago quarter. The Upload and Print segment’s revenues increased to $178.6 million from $118.9 million in the year-ago quarter. The segment’s two subgroups — PrintBrothers and The Print Group – reported, respectively, $105.9 million and $72.9 million in the quarter.