Multiple Analysts's questions to Cimpress PLC (CMPR) leadership • Q2 2025
Question
An analyst asked for an explanation of the sequential increase in weighted average shares outstanding despite share repurchases.
Answer
EVP and CFO Sean Quinn explained this was a technical accounting matter. Because the company had a GAAP net loss in Q1 (due to unrealized currency hedge losses), it was required to use basic shares outstanding for its diluted EPS calculation. He pointed out that the actual basic shares outstanding did decrease sequentially due to repurchases, reflecting the underlying trend.