ImageX.com Announces Preliminary Third Quarter Results
Press release from the issuing company
KIRKLAND, Wash. - ImageX.comÆ, Inc. (NASDAQ: IMGX), the technology market leader in Web-enabled design and printing services, today announced that it expects to report a third quarter cash loss of approximately $10.7 million, or approximately ($0.41) per share, on revenues of approximately $18.5 million for the three-month period ended September 30, 2000. Including non-cash items, the company expects to report a third quarter net loss of approximately $14.3 million, or approximately ($0.55) per share, beating the Thomson/First Call analyst consensus estimate of a third quarter net loss of ($0.92) per share.
As previously announced, the company will report complete third quarter results on Thursday, November 2, 2000. ImageX.com attributed its expected better-than-anticipated third quarter results to increased revenues from new and existing blue-chip corporate customers and significant cash expense reductions as a percentage of revenues.