- Aug. 14, 2014
-- 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)