Cimpress NV (NASDAQ: CMPR) announced fiscal fourth-quarter 2017 results on Wednesday after the market closed, showcasing reasonably strong revenue growth as the mass-customization specialist delivers on its long-term initiative of maximizing intrinsic per-share value. But a wider-than-expected loss left the market worried, and shares fell nearly 7% when all was said and done on Thursday. To be fair, this drop happened despite management's warnings last quarter that Cimpress' results could be "noisy" due to the many moving parts of its strategy. So let's take a closer look at how Cimpress finished its latest fiscal year, and at what investors can expect going forward. Image source: Cimpress N.V. Cimpress results: The raw numbers Metric Fiscal Q4 2017 Fiscal Q4 2016 Year-Over-Year Change Revenue $564.3 million $479.2 million 17.8% GAAP net income (loss) attributable to Cimpress N.V. ($34.7 million) $16.9 million N/A GAAP earnings (loss) per diluted share ($1.11) ($0.51) N/A Data source: Cimpress. What happened with Cimpress this quarter? Cimpress doesn't provide specific financial guidance. So while we don't pay close attention to Wall Street's demands, note consensus estimates predicted a much narrower loss of $0.16 per share. Revenue increased 9% excluding currencies and contributions from businesses acquired in the past year. Adjusted net operating profit after tax (NOPAT) declined 43.2% to $9.6 million. By business segment: Vistaprint revenue grew 5% year over year (6% excluding currencies) to $319.2 million. Upload and Print revenue increased 11% (14% excluding currencies) to $161.8 million. Revenue from National Pen -- which Cimpress acquired late last year -- was $53.9 million. All other businesses revenue grew 6% (7% excluding currencies) to $29.4 million. Profitability was particularly hurt by a combination of higher organic investments (which included costs like shipping price reductions, new design services, and new product introductions), restructuring charges as Cimpress implements its plan to decentralize operations, higher acquisition expenses, and unfavorable currency fluctuations. CFO Sean Quinn elaborated: "We do not ask our shareholders to ignore these costs, but it is important to understand them in order to analyze the underlying operating trends in our business." Cimpress agreed to divest the Albumprinter business, including its FotoKnudsen subsidiary. Though Albumprinter falls well within Cimpress' mass-customization competencies, the company "believes it can more attractively invest the capital it will free up as a result of this transaction." The deal should close in the first quarter of fiscal 2018. Ended the quarter with $37.7 million in cash and equivalents (including $12 million of cash held for sale related to the Albumprinter divestiture), and $876.7 million of debt, net of issuance costs. As of June 30, 2017, Cimpress had $211.8 million available for borrowing under its credit facility. What management had to say Cimpress CEO Robert Keane stated: Fiscal year 2017 was important in terms of the evolution of Cimpress. We decentralized our operations, delivered many new capabilities and product offerings, began using our mass customization platform, made strong investments in organic growth opportunities, and completed our largest acquisition to date. Additionally, we continue to improve our understanding of and approach to capital allocation, pushing this understanding deeper into our organization. Meanwhile, Mr. Quinn was quick to point out that this quarter's decelerated revenue growth was in line with expectations given a shift in timing of the Easter holiday. Quinn also noted that while the company doesn't target margin increases, it does see "opportunities to optimize costs and pricing starting in the upcoming year" at Vistaprint. Looking forward For fiscal 2018, Cimpress anticipates its recent restructuring will result in roughly $35 million in year-over-year savings on a free cash flow basis, and roughly $50 million on an operating income basis. At the same time, while Cimpress expects to make continued significant investments to seize opportunities for organic growth, those investments will be more modest than those it made in fiscal 2017. In the end, it's hard to blame Cimpress investors for lamenting this quarter's significant GAAP loss, and you can be sure many will be breathing a sigh of relief as the company looks ahead after a busy year of heavy investments and transition. But Cimpress management continues to insist that everything is going as planned, so it should be interesting to see some of the early fruits of its investments begin to materialize in the coming quarters. 10 stocks we like better than CimpressWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Cimpress wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of July 6, 2017Steve Symington has no position in any stocks mentioned. The Motley Fool recommends Cimpress. The Motley Fool has a disclosure policy.