Presstek Announces Preliminary Revenue Results for Fourth Quarter
Press release from the issuing company
HUDSON, N.H., Jan. 18 -- Presstek, Inc., a leading manufacturer and marketer of high tech digital imaging solutions for the graphic arts and laser imaging markets, today announced estimated revenue results for the quarter-ended December 30, 2006. All figures for the quarter are preliminary and unaudited.
Consolidated revenue for the fourth quarter of 2006 is expected to exceed $65 million, in-line with prior guidance excluding revenue from the Precision Analog operations, which was discontinued in the fourth quarter.
On this same basis, Presstek's consolidated revenue was $61.4 million in the third quarter of 2006 and $65.8 million in the fourth quarter of 2005.
The company is also reaffirming prior expectations of positive operating profit in the quarter, excluding charges from discontinued operations, and restructuring activities and special charges.
Presstek's President and Chief Executive Officer Edward J. Marino said, "We had a solid fourth quarter with equipment revenue expected to be up more than 20% from the third quarter, and we saw particular strength in direct imaging equipment and consumables." Marino continued, "At about 70 units, we sold a record number of DI presses in the fourth quarter, including strong acceptance of our new 52DI."
Presstek plans to report financial results for its fourth quarter on February 14, 2007, after market-close. Additional details will be discussed in the company's fourth quarter earnings conference call on February 15, 2007 at 8:30 a.m. Eastern Time. To participate in the conference call, please dial (888) 396-2356, or for international callers, (617) 847-8709 and reference call ID 68859549. A live webcast of the call will be available on the Investor Relations pages of Presstek's web site at www.presstek.com.
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