Printer Friendly

PRESSTEK ANNOUNCES PROFITS FOR FIRST QUARTER

 PRESSTEK ANNOUNCES PROFITS FOR FIRST QUARTER
 HUDSON, N.H., April 8 /PRNewswire/ -- Presstek, Inc.


(NASDAQ: PRST) announced preliminary results of operations for the first quarter ended March 31, 1992, reporting revenues of $2.5 million and net income of $560,000, or 11 cents per share. This compares to a net loss of $903,000 or 18 cents for the first quarter of 1991. The company had no revenues for the first quarter of 1991; its primary activities consisted solely of engineering services, research, and development.
 Commercial shipments of Presstek manufactured products, which started in the fourth quarter of fiscal 1991, accounted for a substantial protion of the company's revenues for the first quarter of fiscal 1992. These products include the Direct Imaging Kits, the Page File Capture Computers, as well as Presstek's consumable Direct Imaging printing plates and inks.
 Presstek, Inc. has developed the Direct Imaging Technology, which was introduced in September at Print '91 by Heidelberg, the world's largest printing press manufacturer. The GTO-DI is Heidelberg's first multicolor printing press produced under a license from the company. Presstek's Direct Imaging technology uses a proprietary spark discharge process to image the dry offset plates directly on the GTO- DI press, bypassing the conventional steps of photographic platemaking and developing. Presstek is also engaged in the development of additional products which will use its proprietary technology.
 Presstek is a publicly held corporation whose stock is traded on the NASDAQ National Market.
 -0- 4/8/92
 /CONTACT: Jennifer McKay Tardif of Presstek, Inc., 603-595-7000/
 (PRST) CO: Presstek, Inc. ST: New Hampshire IN: SU: ERN


EG -- NE009 -- 6123 04/08/92 09:49 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 8, 1992
Words:272
Previous Article:PLUM CREEK TIMBER COMPANY, L.P. ANNOUNCES QUARTERLY DISTRIBUTION TO UNITHOLDERS AND HIGHER FIRST QUARTER EARNINGS
Next Article:FORD MAKES ASSEMBLY APPOINTMENTS


Related Articles
PRESSTEK ANNOUNCES ANTICIPATED SECOND QUARTER PROFITS
PRESSTEK ANNOUNCES PROFITS FOR SECOND QUARTER
PRESSTEK ANNOUNCES SECOND QUARTER RESULTS AND NON-CASH CHARGE
PRESSTEK, INC. ANNOUNCES RECORD QUARTER FOR PRODUCT SALES
PRESSTEK ANNOUNCES SECOND QUARTER RESULTS AND NEW RECORD FOR PRODUCT SALES
PRESSTEK ANNOUNCES PRELIMINARY FIRST QUARTER RESULTS
PRESSTEK REPORTS REVENUES AND NET INCOME FOR SECOND QUARTER 1996
Presstek Reports Growth in Revenues and Profit For 1997 Third Quarter
Presstek Reports Results For Fiscal 1998 First Quarter
Presstek Announces Information Regarding First Quarter 2008 Financial Results.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters