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.
Have your say in the Printweek Poll
Related stories
Latest comments
"Yes indeed Neil, I was undertaking a project for Pindar ( back in the day 😉 ) and it needed to go to Monarch for indexing so I popped in to ensure we supplied it as required and they were both very..."
"Excellent kit. We looked at indexing extensively years ago and at the time there were two major players in the UK.
The cap ex involved was too big a risk for us at the time so we let it go.
This looks..."
"Ricoh launches the ability to print on card, blah, blah, blah, yawn! 🥱"
