Gunther International Announces Year End Financial Results

NORWICH, Conn. - June 16, 2015 - PRLog -- Gunther International Ltd., a leading designer and manufacturer of high-volume, intelligent software-driven mailing systems, and a leading provider of industrial printing products using thermal inkjet technology, today announced its financial results for the year ended March 31, 2015.

For the year ended March 31, 2015, net income was $717 thousand, or $0.04 per share, for the year, compared to net income of $4.1 million, or $0.21 per share, reported last year, including the onetime deferred tax benefit of $3.9 million.  For the year ended March 31, 2015, total sales were $27.8 million, compared to total sales of $26.5 million for the year ended March 31, 2014.  The $1.3 million increase resulted from increases in sales of Systems of $0.6 million, Maintenance of $0.4, and Supplies of $0.3 million.

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 March 31, 2015, the Company had a systems order backlog of $2.7 million, compared to a systems order backlog of $552 thousand at March 31, 2014.  After the April, May and June activity, our order backlog decreased to $1.29 million at June 16, 2015.  The current backlog is higher than the backlog existing at the end of the fiscal year, and the Company has ongoing negotiations that management believes will result in additional orders.

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