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Redbubble Annual Report 2019 Year in Highlights & Review Commentary
annual report 2019 Annual Report 2019 Contents Page Contents 4 Year in Review 5 Highlights and Commentary 7 Chair’s Letter 8 CEO’s Review 10 Directors’ Report 25 Auditor’s Independence Declaration 26 Remuneration Report 46 Consolidated Financial Statements 85 Directors’ Declaration 86 Independent Auditors’ Report 91 Shareholder and other ASX Required Information 93 Corporate Information Founded in 2006, the Redbubble Group incorporates Redbubble Limited and its subsidiaries, including TP Apparel LLC (TeePublic). The Redbubble Group owns and operates the leading global online marketplaces hosted at Redbubble.com and TeePublic.com, powered by over one million independent artists. The Redbubble Group’s community of passionate creatives sell uncommon designs on high-quality, everyday products such as apparel, stationery, housewares, bags, wall art and so on. Through the Redbubble and TeePublic marketplaces, independent artists are able to profit from their creativity and reach a new universe of adoring fans. For customers, it’s the ultimate in self-expression. A simple but meaningful way to show the world who they are and what they care about. This report covers Redbubble Limited as a consolidated entity consisting of Redbubble Limited (referred to in this report as Redbubble or the Company) and its controlled entities. Redbubble is a company limited by shares, incorporated and domiciled in Australia (ACN 119200592). Its registered office is at Level 3, 271 Collins Street, Melbourne VIC 3000. Redbubble is listed on the Australian Securities -
Redbubble Group (ASX:RBL)
Redbubble Group (ASX:RBL) Directors’ Report Remuneration Report Financial Report Financial Year 2020 Level 3, 271 Collins Street, Melbourne VIC 3000 PO Box 274, Flinders Lane VIC 8009 Redbubble Limited ABN 11 119 200 592 1 Contents Page number Directors’ Report 3 Auditor’s Independence Declaration 23 Remuneration Report 24 Consolidated Financial Statements 50 Notes to the Consolidated Financial Statements 55 Director’s Declaration 95 Independent Auditor’s Report 96 Corporate information 101 2 Directors’ Report Your Directors present their report on the consolidated entity, consisting of Redbubble Limited (the Company or Redbubble) and the entities it controlled during the financial year ended 30 June 2020 (referred to hereafter as the RB Group or Group). Directors The following persons were Directors of the Company during the 2020 financial year and to the date of this Report: Anne Ward Chair, Non-executive Director Martin Hosking CEO and Managing Director (reappointed effective 18 February 2020 following earlier appointments as Non-executive Director, Executive Director and first appointment as CEO and Managing Director) Jennifer (Jenny) Non-executive Director Macdonald Greg Lockwood Non-executive Director Ben Heap Non-executive Director (appointed effective 20 April 2020) Richard Cawsey Former Chair, Non-executive Director (resigned effective 30 March 2020) Barry Newstead Former CEO and Managing Director (ended effective 18 February 2020) Grant Murdoch Non-executive Director (resigned effective 23 October 2019) Principal activities RB Group, through its websites at Redbubble.com and TeePublic.com, owns and operates the Redbubble and TeePublic online marketplaces. These marketplaces facilitate the sale and purchase of art and designs on a range of products sold by independent creatives to consumers. -
Annual Report 2020 Redbubble
Annual Report 2020 Redbubble Contents 04 Year in Review 06 Highlights and Commentary 08 Chair’s Letter 09 CEO’s Review 14 Director’s Report 34 Auditor’s Independence Declaration 35 Remuneration Report 63 Consolidated Financial Statements 109 Directors’ Declaration 110 Independent Auditor’s Report 116 Shareholder and other ASX Required Information 119 Corporate Information Redbubble Limited ABN: 11 119 200 592 Year ended 30 June 2020 Redbubble Annual Report 2020 Founded in 2006, the Redbubble Group (RB Group) incorporates Redbubble Limited and its subsidiaries including TP Apparel LLC (TeePublic). RB Group owns and operates the leading global online marketplaces Redbubble.com and TeePublic.com. RB Group’s community of passionate creatives sell uncommon designs on high-quality, everyday products such as apparel, stationery, housewares, bags, wall art and so on. Through the Redbubble and TeePublic marketplaces, independent artists are able to profit from their creativity and reach a new universe of adoring fans. For customers, it’s the ultimate in self expression. A simple but meaningful way to show the world who they are and what they care about. This Report covers Redbubble Limited as a consolidated entity consisting of Redbubble Limited (referred to in this report as Redbubble or the Company) and its controlled entities. Redbubble is a company limited by shares, incorporated and domiciled in Australia (ACN 1192002592). Its registered office is at Level 3, 271 Collins Street, Melbourne VIC 3000. Redbubble is listed on the Australian Securities Exchange (ASX:RBL). Through the use of the internet, the Company ensures that our corporate reporting is timely, complete and available globally. -
Bankrolling Bigotry: an Overview of the Online Funding Strategies Of
Bankrolling Bigotry: An Overview of the Online Funding Strategies of American Hate Groups Beirut Berlin London Paris Washington DC The Global Disinformation Index is a UK-based not-for-profit that operates on the three principles of neutrality, independence and Copyright © Institute for Strategic Dialogue (2020). Institute transparency. Our vision is a world in which we can trust what we for Strategic Dialogue (ISD) is a company limited by guarantee, see in the media. Our mission is to restore trust in the media by registered office address PO Box 75769, London, SW1P 9ER. providing real-time automated risk ratings of the world’s media ISD is registered in England with company registration sites through a Global Disinformation Index (GDI). The GDI is number 06581421 and registered charity number 1141069. non-political. Our Advisory Panel consists of international experts All Rights Reserved. in disinformation, indices and technology. www.isdglobal.org For more information, visit www.disinformationindex.org The Global Disinformation Index and the Institute for Strategic Dialogue gratefully acknowledge the support of The John S. and James L. Knight Foundation. Bankrolling Bigotry: An Overview of the Online Funding Strategies of American Hate Groups 3 Contents Executive Summary 4 Project Overview 4 Key Findings 5 Recommendations 6 Project Overview and Approach 7 Definitional Framework 7 Understanding Hate 7 Identifying Hate Groups for Analysis 7 Sub-categorising Hate Groups 7 Understanding Funding Mechanisms 10 Methodology 12 Findings 13 Prioritisation -
Directors' Report, Remuneration Report and Financial
Redbubble Group (ASX:RBL) Directors' Report Remuneration Report Financial Report Financial Year 2019 Level 3, 271 Collins Street, Melbourne VIC 3000 PO Box 274, Flinders Lane VIC 8009 Redbubble Limited ABN 11 119 200 592 Contents Page number Directors’ Report 1 Consolidated Financial Statements 44 Notes to the Consolidated Financial Statements 49 Directors’ Declaration 86 Independent Auditors’ Report 87 Corporate information 92 Directors’ Report Your Directors present their report on the consolidated entity, consisting of Redbubble Limited (the Company or Redbubble) and the entities it controlled during the financial year ended 30 June 2019 (referred to hereafter as the RB Group or Group). Directors The following persons were Directors of the Company during the 2019 financial year and to the date of this Report: Richard Cawsey Chair, Non-executive Director Barry Newstead CEO and Managing Director (appointed effective 1 August 2018) Martin Hosking Non-executive Director (effective 1 October 2018) - previously CEO and Managing Director (up to 1 August 2018) and Executive Director (from 1 August 2018 to 30 September 2018) Jennifer (Jenny) Macdonald Non-executive Director Anne Ward Non-executive Director Greg Lockwood Non-executive Director Grant Murdoch Non-executive Director (resigning at the end of the October 2019 AGM) Hugh Williams Non-executive Director (resigned effective 29 May 2019) Principal activities RB Group, through its websites at Redbubble.com, TeePublic.com and three foreign language Redbubble.com websites, owns and operates the Redbubble and TeePublic online marketplaces. These marketplaces facilitate the sale and purchase of art and designs on a range of products between independent creatives and consumers. -
Cafepress Inc
CAFEPRESS INC. FORM 10-K (Annual Report) Filed 03/30/16 for the Period Ending 12/31/15 Address 1850 GATEWAY DRIVE SUITE 300 SAN MATEO, CA 94404 Telephone 650.655.3000 CIK 0001117733 Symbol PRSS SIC Code 5900 - Retail-Miscellaneous Retail Industry Retail (Catalog & Mail Order) Sector Services Fiscal Year 12/31 http://www.edgar-online.com © Copyright 2016, EDGAR Online, Inc. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2015 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35468 CafePress Inc. (Exact name of registrant as specified in its charter) Delaware 94-3342816 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 6901 Riverport Drive, Louisville, KY 40258 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (502)-995-2258 Securities registered pursuant to Section 12(b) of the Act: Title of each class : Name of each exchange on which registered : Common Stock, par value $.0001 per share NASDAQ Global Select Market Securities registered pursuant to Section 12(g) of the Act: None (Title of class) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. -
Cafepress Inc. 2016 Annual Report
Table of Contents Index to Financial Statements We generate a portion of our revenue from the fees we collect from shipping our products. We frequently offer discounted or free shipping, with minimum purchase requirements during promotional periods, to attract and retain customers. We also frequently offer coupons, promotional marketing giveaways and free or discounted products and services as a method to attract and retain customers, and such instances are generally unable to recoup shipping costs in such programs. In the future, if we continue to increase these coupon practices and discounted shipping offers to attract and retain customers and/or in response to actions taken by our competitors, our results of operations may be harmed. We face intense competition and if we do not compete successfully against existing and new competitors, we may lose market share and customers. The market for customized products and services is large, fragmented and intensely competitive and we expect competition to continue to increase in the future. Demand for customized products has increased, but so have competitive offerings in all of our product categories. We face competition from a wide range of companies, including the following: • Small traditional offline printing businesses; • E-commerce companies, including large online retailers such as Amazon.com, Inc., Walmart.com, Target and eBay Inc. (who may also serve as our distribution partners); • Online providers of customized products such as Custom Ink LLC, RedBubble, Inc., Spreadshirt, Inc., Teespring, Threadless.com, or Zazzle Inc. and online providers of distinctive goods like Etsy, Inc. or Uncommon Goods; • Online providers allowing users to customize goods in specific vertical markets, such as Vistaprint N.V. -
FY 2016 Full Year Results Presentation Presented By
FY 2016 Full Year Results Presentation Presented by: Martin Hosking – CEO Chris Nunn - CFO Disclaimer The material herein is a presentation of non-specific background information about the Company’s current activities. It is information given in summary form and does not purport to be complete. Investors or potential investors should seek their own independent advice. This material is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of a particular investor. These should be considered when deciding if a particular investment is appropriate. 2 Year in review Martin Hosking- CEO 3 Executive Summary Company listed on the ASX on 16 May 2016 as ticker code “RBL” Redbubble had a strong year and finished FY2016 above expectations, meeting or exceeding all reported financial IPO forecast numbers: • Revenue of $114.6m vs $114.5m forecast – Up 61.2% on FY2015 • Gross profit of $39.0m vs $38.5m forecast – Up 62.0% on FY2015 • EBITDA loss1 $8.7m vs $10.6m forecast – Up 33.8% on FY2015 • Net loss after tax1 $17.8m vs $19.7m forecast (before IPO costs) GTV2, representing the value of marketplace transactions, came in at $142.9m vs forecast of $143.5m - Up 61.7% on FY2015 The Company continues to scale, meeting revenue targets with less cost than forecast, and to profitably acquire customers. Growth initiatives have been delivered against plan • 12 new physical products launched for the year • German and French websites launched ahead of plan • Significant website and mobile experience improvement • Improved checkout flow • Shopping cart upgrade and improved mobile functionality • New homepage with first personalisation capability • Mobile strategy on track 1. -
Redbubble (ASX: RBL)
Written by Farrer Wealth Private Limited. Not to be construed as investment advice, not for distribution. Redbubble (ASX: RBL) Intro RBL was a stock that we uncovered over the holiday season while looking for unique gifts for family and friends. However this was a few years ago, and it didn’t occur to us that this was an investable business until we read Bonsai Partners’ write-up on it. What began as a money-spending exercise eventually turned into a subsequent research and deep dive into an interesting POD (Print on Demand) marketplace business that should compound for years to come. Credit: Co-Written by our friend Gerard Chua History RBL (redbubble.com) is a three-sided online global marketplace connecting independent artists and a network of third party fulfillers to whoever uses their service. The company was founded in Australia by Martin Hosking, Peter Styles and Paul Vanzella in 2006 as a platform to serve artists, providing them an avenue to showcase their creative work and get paid for it. The first products featured were wall art, greeting cards and T-shirts but RBL gradually expanded beyond this to 117 product categories available today1. Hosking was driven by a passion to help artists bring their artwork to market given the struggle that they face. Producing artwork while finding customers who are willing to pay for their designs is a lot of work for any aspiring artist. In doing so, RBL rode the wave of a growing number of customers who prefer products that reflect their own identity and values, rather off-the-shelf merchandise they do not identify with. -
Cafepress Inc. 2016 Annual Report
CAFEPRESS INC. FORM 10-K (Annual Report) Filed 03/10/17 for the Period Ending 12/31/16 Address 11909 SHELBYVILLE ROAD LOUISVILLE, KY 40243 Telephone 502-995-2258 CIK 0001117733 Symbol PRSS SIC Code 5900 - Retail-Miscellaneous Retail Industry Internet Services Sector Technology Fiscal Year 12/31 http://www.edgar-online.com © Copyright 2017, EDGAR Online, Inc. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2016 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35468 CafePress Inc. (Exact name of registrant as specified in its charter) Delaware 94-3342816 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 11909 Shelbyville Road, Louisville, KY 40243 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (502)995-2229 Securities registered pursuant to Section 12(b) of the Act: Title of each class : Name of each exchange on which registered : Common Stock, par value $.0001 per share NASDAQ Global Select Market Securities registered pursuant to Section 12(g) of the Act: None (Title of class) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. -
Appendix 4E, Directors' Report & Financial Report
APPENDIX 4E REPORT AND FULL YEAR UPDATE • RB Group confirms key information provided with its Appendix 4C announcement on 30 July 2019 • FY2019 RB Group delivered Operating EBITDA of $3.8 million, the first since IPO, demonstrating operating leverage • FY2019 RB Group Marketplace Revenue grew by 41% year-on-year (“YoY”) • Strategic investments delivering results and propelling marketplace fundamentals • Driving towards a long term milestone of $1 billion in sales Melbourne, Australia; 28 August 2019: Redbubble Limited (ASX: RBL), which owns and operates Redbubble and TeePublic, the leading global marketplace for independent artists, today lodged its Full Year Report (Appendix 4E) for the year ended 30 June 2019. In conjunction with the Appendix 4E lodgment, the Redbubble Group (RB Group) is providing a summary of its Income Statement down to net loss after tax as well as a review of the full year including a strategic initiative update (supplementing the Investor Presentation released 30 July 2019). FY2019 Financial Performance RB Group reported its full year results (pre-auditor review) with its Appendix 4C on 30 July 2019. Following audit review, Redbubble has reported the same key results however there has been one change to the other operating expenses, which is detailed below. This change does not impact cash, gross profit or operating EBITDA figures previously reported. These are shown below, with the addition of the net loss after tax line: Key financial measures for FY2019 (with year on year (“YoY”) growth rates, where applicable) are: • Marketplace Revenue of $257 million, up 41% (up 34% on a constant currency basis). • Gross profit of $95 million, up 48% (up 41% on a constant currency basis). -
Redbubble Limited 1Q19 Beat (>10%), Capital Raise And
This report is intended for [email protected]. Unauthorized publication, disclosure or other distribution is strictly prohibited. Redbubble Limited Software and Services Owen Humphries | Analyst | Canaccord Genuity (Australia) Ltd. | [email protected] | Australian Equity Research +61.2.9263.2702 21 November 2018 BUY Raising Target Price unchanged PRICE TARGET A$2.25↑ from A$2.20 1Q19 beat (>10%), capital raise and Price (21-Nov) A$1.30 Ticker RBL-ASX transformational acquisition of Teepublic Redbubble (RBL) reported a positive 1Q19a result (GPAPA +11% beat) and completed 52-Week Range (A$): 0.61 - 2.07 Market Cap (A$M): 329 a A$60.6m institutional placement at A$1.50ps to fund the horizontal acquisition of Dividend /Shr (AUc): 0.0 TeePublic (www.teepublic.com) for US$41m (A$57.7m, $49.3m upfront, $8.4m deferred Dividend Yield (%) : 0.0 until FY21). We reiterate our BUY rating and increase our DCF-based TP to A$2.25 (from Enterprise Value (A$M): 283 A$2.20). Cash (A$M): 46.3 Long-Term Debt (A$M): 0.0 We consider the transaction transformational as it a) scales RBL to being the global leader serving independent artists (FY20 GTV >$450m, gross profit >$130m); b) FYE Jun 2018A 2019E 2020E 2021E spring loads the business into profitability (EBITDA FY19: $6m, FY20: $17m); and c) Sales (A$M) 182.8 274.8↑ 364.9↑ 451.9 bolsters the balance sheet into a strong net cash position (FY19 $32m, FY20 $41m). Previous - 237.6 296.9 - The company reaffirmed its FY19e guidance of constant currency revenue/GPAPA Gross Profit (A$M) 63.9 98.9 130.6 161.9 growth of >30% and opex growth of +19%.