The announcement comes on the back of a difficult period for the company, in which its share price plummeted from more than $14 to just over $2 at the time of writing, and its chief financial officer resigned after weeks in the role.

The nosedive was provoked by an unexpected Q3 2007 loss and the revelation last April that X-Rite had defaulted on loan repayments relating to its aggressive acquisition strategy.

Interim chief financial officer Dave Rawden said: "We continue to be in a very good position to meet our financial obligations.

"Our cash outlook remains healthy and our cash position improved from Q1 while still making all our interest and principle payments to lenders, as well as non-recurring costs associated with our lender covenant defaults, restructuring and refinancing initiative."

X-Rite, which became the world's largest colour-matching specialist with its acquisition of GretagMacbeth and Pantone, will make its final results available on 6 August.

Chief executive Tom Vacchiano said: "We believe that achieving second-quarter sales at the high-end of our range in a tough market reflects X-Rite's value to customers and strong market position."

Vacchiano said X-Rite had enjoyed a successful Drupa leading to "positive indications for attachment rates for colour control systems over the coming two to six quarters".