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
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|Date:||Apr 8, 1992|
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