Product category:
Printing Pre-Press Systems and Materials (Repro, Platemakers, CTP, Workflow, Document Management, Design Software, etc.)
News Release from: Presstek Inc
Edited by the Printingtalk Editorial
Team on 30 January 2006
60% DI Press Boost Lifts Presstek To
Best Quarter
Presstek has announced record preliminary revenue from digital equipment sales of more than US$43 million for its fourth quarter.
Presstek has announced record preliminary revenue from digital equipment sales of more than US$43 million for its fourth quarter That contributed to an overall preliminary unaudited overall consolidated revenue for the period in excess of US$68.5 million for the fourth quarter of 2005
This article was originally published on Printingtalk on 18 Mar 2003 at 8.00am (UK)
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The company said that it had record DI press unit sales, with growth in excess of 30 per cent quarter over quarter and record digital CTP unit sales, with growth of more than 15 per cent for the same comparative period.
Revenues from sales of Presstek's DI presses increased by more than 60 per cent in the fourth quarter of 2005 compared to the third quarter of this year, it said.
In addition, the company increased 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." He said that consolidated consumable revenue is expected to decrease slightly to US$33 million in the fourth quarter of 2005, primarily due to decreased sales of legacy A B Dick 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 optimising efficiencies throughout our organisation 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." The preliminary results are subject to revision until the company reports its final audited fiscal fourth quarter results.
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