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Presstek Expects to Report Record Digital Revenue for Q4

Wednesday, January 25, 2006

Press release from the issuing company

HUDSON, N.H., Jan. 24 -- Presstek, Inc., a leading manufacturer and marketer of environmentally responsible high tech digital imaging solutions for the graphic arts and laser imaging markets, today announced that, based on preliminary unaudited financial data, it expects to report consolidated revenue in excess of $68.5 million for the fourth quarter of 2005. These preliminary results are subject to revision until the company reports its final audited fiscal fourth quarter results. The company also expects to report the following records in the fourth quarter of 2005: * record digital revenue in excess of $43 million; * record DI press unit sales, with growth in excess of 30% quarter over quarter; and * record digital CTP unit sales, with growth in excess of 15% quarter over quarter. Revenues from sales of Presstek's DI presses increased by more than 60% in the fourth quarter of 2005 compared to the third quarter of this year. In addition, the company ramped up production of its Vector TX52 CTP product, shipping a total of 18 units in the fourth quarter of 2005. Presstek's Executive Vice President and Chief Financial Officer Moosa E. Moosa said, "We are pleased with the preliminary revenue figures for the fourth quarter of 2005. These improvements are the positive result of the changes in strategy and tactics taken in the previous quarter, as well as the strength of our new direct sales channel, which is now beginning to show solid traction." Consolidated consumable revenue is expected to decrease slightly to $33 million in the fourth quarter of 2005, primarily due to decreased sales of legacy ABDick consumable products. Revenue from Presstek's digital metal plate consumables is expected to increase slightly in the fourth quarter of 2005. Presstek's President and Chief Executive Officer Edward J. Marino said, "Record digital equipment sales in the quarter reflect the expanded breadth of our new distribution channel, the strength our digital technology product lines, as well as the market's acceptance of those products. We also made excellent progress in optimizing efficiencies throughout our organization during the fourth quarter of 2005, and will continue our efforts to do the same in 2006. This, together with the continued progress of our product, marketing, sales and service teams, positions us well as we move forward in 2006."

 

 

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