Record High Gross Profit Margin
Achieved the highest gross profit margin to date in the fourth quarter at 49.7%, up 430 basis points from the prior corresponding period, due to supply chain synergies.
Significant Improvement in Operating Expenses
Operating expenses were reduced by 16% in the fourth quarter, contributing to the first positive EBIT in five years.
Positive Underlying Cash Flow
Fourth quarter underlying cash flow of $2.5 million, a significant improvement of $6 million compared to the prior corresponding period.
Strong Performance of TeePublic
TeePublic experienced a 1% increase in NPR and a 4% rise in gross profit for the year, with operating EBITDA up 47%.
Successful Synergies from Marketplace Consolidation
The consolidation of marketplaces under a single leadership team led to significant synergies and cost savings, with a 410 basis point improvement in GPAPA margins in Q4.
AI Integration and Dashery Initiative
Leveraging AI for various operational improvements and launching Dashery for creating branded storefronts, with positive feedback from creators.