Kodak reports Q1 loss

May 11, 2018

Kodak has released its figures for the first quarter of 2018, showing revenues of $357 million, the same as for Q1 of 2017, but with a net loss of $25 million, according to Generally Accepted Accounting Principles, or GAAP. The cash balance of $313m was $31m short of the figure for the previous quarter. Continue reading “Kodak reports Q1 loss”

EFI revenues show slight improvement

February 5, 2018

EFI has released its financial figures for its fourth quarter ending 31 December 2017, which show revenues up slightly by 1 percent to $269.2 million over the same quarter from the previous year. There was an overall net loss according to generally accepted accounting practices, or GAAP, of $25.4 million, which is particularly disappointing given that EFI made a net income of $19.9 million for the same period in 2016. Cash flow from operating activities was $8.9 million, down 86% compared to $65.2 million during the same period in 2016. Continue reading “EFI revenues show slight improvement”

Heidleberg hits half year mark

November 14, 2017

Heidelberg has released its financial results for the first half of its financial year from April to September, recording a net result after taxes of €28 million, the first profitable half year in ten years, demonstrating the strategy of turning to digital technology to turn the company around is paying off. Continue reading “Heidleberg hits half year mark”

EFI to sell Jetrion label line (Updated)

November 1, 2017

EFI has revealed it is in the midst of selling its Jetrion inkjet label presses business whilst reporting disappointing figures for the third quarter of this year.

Guy Gecht, CEO of EFI, speaking at the company’s Drupa 2016 press briefing.

Continue reading “EFI to sell Jetrion label line (Updated)”