|
|
Article: Presstek profits dwindle while revenues triple.
- Article from:
- Telegraph (Nashua, NH)
- Article date:
- April 29, 2005
CopyrightCOPYRIGHT 2005 The Telegraph. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Eileen Kennedy
Apr. 29--HUDSON -- Presstek Inc., a provider of direct digital imaging technology, released its first-quarter financial results Thursday, which showed it tripled its revenues while making one-fourth the profit, when compared with the same quarter last year.
The company reported record consolidated revenue of $70.4 million in the first quarter, which ended April 2, compared with $23.3 million during the same time last year.
"In 2004, Presstek set the wheels in motion to dramatically grow the size and scope of our business," said Edward Marino, Presstek's chief executive officer, in a prepared statement. "We are driving the ...