Sales for 2005 were 264m ($468.5m), compared to 222.3m in 2004. Sales in Q4 2005 were 81.9m, well above the Q4 2004's figure of 45.7m.
GAAP net income was at 6.2m in Q4 compared to 450,821 in 2004. But the firm showed a full-year pre-tax loss of 1.8m, compared with a profit of 13.7m in 2004. This was due to a "charge for in-process R&D and the amortisation of acquisition-related tangibles".
According to EFI chief executive Guy Gecht, the performance is due to a "strong recovery" in its Fiery business and the acquisition of Vutek.
"Our outlook for the first quarter is a further indication of growing strength across the business and we expect the momentum to rise through 2006," he said.
EFI has also promoted John Ritchie to the role of chief financial officer. He was previously vice president of finance.
Have your say in the Printweek Poll
Related stories
Latest comments
"I have worked in quite a few print sectors, including Walstead in the past. It is all tough, but most will not be surprised that the packaging sector is still growing. However, the service in the..."
""longer run litho work had “now returned to the Far East”?
Is this happening a lot?"
"Thanks Jo, look forward to reading it in due course. Administrators generally argue that they need to act with lightning speed in order to protect the business/jobs, thereby overlooking the fact that..."
Up next...
Revenue up to £3.2m, profits quadupled
Footprint picks up pace of acquisition strategy with Swindon’s C3
Controversy emerges over relationship with potential suitor
National World shares soar on takeover approach
24/7 access for customers
Bakergoodchild launches new SaaS platform
Strategic move for global growth