NORWICH, CONNECTICUT - Gunther International Ltd. (OTC Pink Sheets: SORT.PK)
For the twelve months ended March 31, 2009 total sales were $37.5 million, compared to total sales of $28.8 million for the twelve month period ended March 31, 2008. The $8.7 million increase is a result of a $9.0 million and $307 thousand increase in system sales and maintenance, respectively, partially off set by a drop in supply sales of $624 thousand over the same twelve month period of the prior year. Net income was $1,369 thousand, or $0.07 per share, for the twelve month period, compared to a net loss of $1,126 thousand, or ($0.06) per share, for the comparable period last year.
The Company posts current financial statements and other important information on PinkSheets.com (http://www.pinksheets.com; symbol: SORT.PK), as well as the Company’s own website (http://guntherintl.com).
Marc Perkins, President and Chief Executive Officer of the Company stated, “The increase in System sales is due to the significant number of new orders for high-speed assembly systems and upgrades, resulting in a systems order backlog of $3.1 million at May 31, 2009 compared to a backlog of $8.9 million at May 31, 2008”. Mr. Perkins added that “Although the current backlog is lower, the Company has ongoing negotiations that should result in additional orders.”
