Pressteks second-quarter net income slumped 81% due to losses incurred at its Lasertel subsidiary.
Lasertel made a 1.9m ($2.8m) loss during the quarter and 3.9m for the first six months of the year.
The firms revenue for the second quarter rose 28% to 19m ($27.1m), but net income dropped to only 74,000. Revenues for the first six months rose 31% to 37m, while net income was up 14% at 771,000.
Presstek also suffered from increased legal expenses due to patent litigation, while higher inventory and accounts receivable levels forced it to use more of its credit lines.
On a brighter note, the Graphical Arts Technical Foundation (GATF) has given Presstek a 2001 InterTech Technology award for its innovative digital imaging technologies.
Have your say in the Printweek Poll
Related stories
Latest comments
"No one seems to have mentioned that every printer and mailing house I know was also very busy as clients tried to post before the Royal Mail Price rise on the 1st July meaning lodgement on the..."
"Thanks Philip,
The praise really goes to the NCA, CPS and Serious Economic, Organised Crime and International Directorate! Can but imagine how much work was involved in working out all the ins and..."
"What’s going on at HP? Seems that they can’t hold on to anyone. Are they running a work experience programme for competitor OEMs?"
Up next...
![](/media/mepdi32r/royal-mail-postal-vote-general-election-2024.png?rxy=0.4936424396416061,0.33732204554543377&width=525&height=350&bgcolor=White&rnd=133644822541800000)
Timetable issues were raised in 2021
Royal Mail defends service as postal votes top ten million
![](/media/gqvhrp2g/daniel-godbold-manroland-sheetfed-uk-july-2024.jpg?width=525&height=350&bgcolor=White&rnd=133644814418130000)
Role vacant since end of last year
Manroland Sheetfed appoints new MD for UK
![Matsliach: "We’ve accelerated investment in technology and cloud in select areas"](/media/qfdoppoo/eps-gaby.jpg?rxy=0.7991926398798348,0.5147395315954754&width=525&height=350&bgcolor=White&rnd=133644812773670000)
New and returning elements
ePS reveals changes for Connect 2024
![Datagraphic achieved the certification in June](/media/11tf3nqf/datagraphic_bcorp.jpeg?rxy=0.4968419663618597,0.43799661906731907&width=525&height=350&bgcolor=White&rnd=133644840059700000)
Follows rigorous assessment process