Gunther International Announces Quarter End Financial Results

NORWICH, Conn. - Nov. 13, 2015 - PRLog -- NORWICH, CONNECTICUT - November 13, 2015 - Gunther International Ltd. (OTC Pink Sheets:  SORT.PK), a leading designer and manufacturer of high-volume, intelligent software-driven mailing systems, and ink jet imagers and products for the packaging industry emphasizing product traceability today announced its financial results for the quarter ended September 30, 2015.

Total sales for the quarter ended September 30, 2015, were $8.79 million, compared to total sales of $5.91 million for the quarter ended September 30, 2014.  The $2.88 million increase resulted from increases in sales of Systems of $2.69 million and Supplies of $240 thousand, partially offset by a decrease in Maintenance revenue of $50 thousand.   Net income was $181 thousand, or $0.01 per share, for the quarter compared to a net income of $133 thousand, or $0.01 per share, reported in the same quarter last year.

For the six months ended September 30, 2015, total sales were $16.14 million, compared to total sales of $12.09 million for the six-month period ended September 30, 2014.  The $4.05 million increase resulted from increases in sales of Systems of $4.30 million and Supplies of $100 thousand, partially offset by a decrease in Maintenance revenue of $350 thousand.  Net income was $434 thousand, or $0.02 per share, for the six-month period, compared to net income of $208 thousand, or $0.01 per share, for the comparable period 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 September 30, 2015, the Company had a systems order backlog of $1.77 million, compared to a systems order backlog of $2.03 million at September 30, 2014.  After the completion and delivery of systems in October and November our order backlog decreased to $1.54 million at November 13, 2015.  The current backlog is higher than these periods in the prior year; additionally, the Company has ongoing negotiations that should result in future 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).

About Gunther International

Founded in 1978 and headquartered in Norwich, Connecticut, Gunther International Ltd. and its wholly-owned subsidiary inc.jet, Inc. (together, the “Company”) consist of two business segments: Mail Inserting and Ink Jet. The Mail Inserting segment designs, develops, assembles, markets and services high speed systems that automatically assemble printed documents, fold, staple or bind the documents and insert completed documents into appropriate envelopes for mailing or other distribution.  The Ink Jet segment designs, develops, markets and services ink jet imagers as well as sells product into the packaging industry emphasizing product traceability.  The Company’s products are dependent upon proprietary technology and require especially skilled engineers and technicians to design, enhance and produce them to meet customer needs.  Gunther International is publicly traded on OTC Pink Sheets under the symbol “SORT.PK”.  Additional Company information is available at www.guntherintl.com.