Business Strategy & Growth Drivers - Cimpress is focused on helping millions of businesses build brands and grow through custom print and promotional products[37] - Elevated products are driving increased customer lifetime value (LTV) and wallet share[36, 139] - The company is investing in its Mass Customization Platform (MCP), manufacturing, and AI to reduce costs and improve product development[36, 83] - Cimpress is expanding its addressable market and wallet share with elevated products, which customers value more highly[58] Financial Performance & Outlook - Cimpress aims for an FY28 adjusted EBITDA of at least $600 million and significantly lower net leverage[36, 139] - Cross-Cimpress fulfillment (XCF) drove over $15 million of incremental FY25 gross profit from COGS alone[97] - The company projects FY26 revenue growth of 5%-6% and adjusted EBITDA of at least $450 million[375] - Cimpress anticipates FY28 constant-currency revenue growth of 4%-6% and adjusted EBITDA of at least $600 million[380] Strategic Initiatives - Cimpress is focused on design enablement to help customers create quality designs, integrating AI to improve efficiency[115, 118] - The company is bringing the Upload & Print model to North America, leveraging Pixartprinting's capabilities[268, 292] - Cimpress is committed to operating within its leverage policy, targeting net leverage at or below approximately 2.5x trailing-twelve-month EBITDA[373]