inc.jet, Holding Inc Announces Year End Financial Results

inc.jet, Holding Inc (OTC Pink Sheets: SORT.PK), a leading designer and manufacturer of ink jet imagers and products for the packaging industry emphasizing product traceability today announced its financial results for the year ended March 31, 2018.
By: INC.JET HOLDING, INC
 
NORWICH, Conn. - June 22, 2018 - PRLog -- For the year ended March 31, 2018, total sales from continuing operations were $11.76 million, compared to total sales of $10.60 million for the year ended March 31, 2017.  The $1.18 million increase resulted from an increase in Supplies revenue of $1.17 million, partially offset by a decrease in sales of Systems of $10 thousand.  Net income from continuing operations was $33 thousand, or $0.00 per share, for the year, compared to net income of $692 thousand, or $0.04 per share, for the comparable period last year.

Marc Perkins, President and Chief Executive Officer of the Company stated, "The Ink Jet Printing business continues to show strong revenue growth".

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://www.incjet.com).

About inc.jet Holding, Inc

Founded in 1978 and headquartered in Norwich, Connecticut, inc.jet Holding, Inc. and its wholly-owned subsidiary inc.jet, Inc. (together, the "Company") operates in the  Ink Jet Printing business. The Ink Jet business 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.  Inc.jet Holding, Inc. is publicly traded on OTC Pink Sheets under the symbol "SORT.PK".  Additional Company information is available at www.incjet.com.

Statements in this release concerning inc.jet Holding, Inc.'s business outlook, future financial and operating results, and overall future prospects are forward looking statements that involve a number of uncertainties and risks. Actual results could differ materially from those anticipated in those forward-looking statements as a result of certain factors, including: general economic conditions globally or regionally; business and economic conditions in the mailing industry; changes in overall technology spending; increases in competition; the timing of orders and their fulfillment; availability and cost of key parts and supplies; ability to establish and maintain relationships with customers; variations in the expected mix of products sold; changes in customer mix; customer and industry analyst perceptions of inc.jet Holding, Inc. and its technology, products and future prospects; delays in scheduled product availability; market acceptance of our products and services; rapid technological and market change; adoption of regulations or standards affecting our products, services or industry; the ability to successfully acquire, integrate and manage businesses and technologies; product defects, returns or vulnerabilities; the ability to recruit and retain key personnel; currency fluctuations; and litigation; and other factors listed in our most recent audited financial statements. All statements made in this press release are made only as of the date set forth at the beginning of this release. inc.jet Holding, Inc. undertakes no obligation to update the information in this release in the event facts or circumstances subsequently change after the date of this press release.

Contact
christopher_turner@incjet.com
***@incjet.com
End
Email:***@incjet.com Email Verified
Tags:Ink Jet, Packaging
Industry:Manufacturing
Location:Norwich - Connecticut - United States
Subject:Earnings
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse



Like PRLog?
9K2K1K
Click to Share