Net income fell to just 26,000 ($37,000), while revenue dropped to 16.2m, 7% down on 2000.
Total revenue from Heidelberg for the quarter fell 20% to 7m, which Lieber said was due to a reduction in orders due to the economic slowdown.
Pressteks shipments of DI imaging kits and presses were lower than expected at 70 units. Shipments of its Dimension platesetters were steady at 32 units.
Full-year revenues rose 17% to 72m, but Presstek reported a net loss of 1.1m, compared to a net income of 4m the previous year.
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"Bit weird. From what I've heard, things started to go wrong when their trade customers found out they put a B1 printing press in and went from a supplier to a competitor......"
"Sad to see another print company facing financial trouble. The industry is tough, and this highlights the ongoing challenges many are facing. Hope employees and customers get clarity soon."
"Not surprised, businesses need to prepare for these attacks rather than thinking that they're going to avoid them. At the very least, data needs to be fully protected with air gaps in place..."
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