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Gunther International Announces Quarter End Financial Results

NORWICH, CONNECTICUT - August 14, 2014 - Gunther International Ltd. (OTC Pink Sheets: SORT.PK), today announced its financial results for the quarter ended June 30, 2014.

PRLog - Aug. 14, 2014 - NORWICH, Conn. -- Total sales for the quarter ended June 30, 2014, were $6.19 million, compared to total sales of $5.54 million for the quarter ended June 30, 2013.  The $656 thousand increase primarily resulted from increase in sales of Supplies of $266 thousand, Systems of $246 thousand, and Maintenance of $144 thousand.   Net income was $75 thousand, or $0.00 per share, for the quarter compared to a net income of $143 thousand, or $0.01 per share, reported last year.

Marc Perkins, President and Chief Executive Officer of the Company stated, “Our results reflected improvement after being negatively impacted by a reduction in spending on capital equipment such as our high-speed, intelligent mailing systems”.  At June 30, 2014 and August 14, 2014, the Company had a systems order backlog of $1.95 million, compared to a systems order backlog of $2.29 million at June 30, 2013.  The current backlog is lower than these periods in the prior year; however, the Company has ongoing negotiations that should result in additional orders.

The Company posts current financial statements and other important information on PinkSheets.com (http://www.OTCmarkets.com; symbol: SORT.PK), as well as the Company’s own website (http://guntherintl.com).

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Source:Gunther International Ltd.
Location:Norwich - Connecticut - United States
Industry:Insurance, Manufacturing
Tags:ink jet, packaging, mail inserting, mailing systems
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