inc.jet Holding, Inc. Announces Quarter End Financial Results

By: INC.JET HOLDING, INC
 
 
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Tag:
Ink Jet

Industry:
Manufacturing

Location:
Norwich - Connecticut - US

Subject:
Earnings

NORWICH, Conn. - Nov. 15, 2018 - PRLog -- 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 quarter ended September 30, 2018.

For the quarter ended September 30, 2018, total sales from continuing operations were $3.50 million, compared to total sales of $2.75 million for the quarter ended September 30, 2017.  The $0.75 million increase resulted from increases in sales of Systems of $0.48 million and Supplies revenue of $0.27 million.  Net income from continuing operations was $251 thousand, or $0.01 per share, for the quarter, compared to net income of $155 thousand, or $0.01 per share, for the comparable period last year.

For the six months ended September 30, 2018, total sales from continuing operations were $7.22 million, compared to total sales of $5.53 million for the six months ended September 30, 2017.  The $1.69 million increase resulted from increases in sales of Systems of $1.03 million and Supplies revenue of $0.66 million.  Net income from continuing operations was $553 thousand, or $0.03 per share, for the period, compared to net income of $297 thousand, or $0.02 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.

Contact
Christopher Turner
***@incjet.com
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Tags:Ink Jet
Industry:Manufacturing
Location:Norwich - Connecticut - United States
Subject:Earnings
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