inc.jet Holding, Inc. Announces Year End Financial Results
By: INC.JET HOLDING, INC
For the twelve month year ended December 31, 2019, total sales from continuing operations were $14.26 million, compared to total sales of $10.75 million for the nine month year ended December 31, 2018. The $3.51 million increase resulted from increases in sales of Supplies of $2.57 million and Systems revenue of $0.94 million. Net income from continuing operations was $1.09 million, or $0.06 per share, for the twelve month period, compared to net income of $549 thousand, or $0.03 per share, for the nine month period last year.
Zbigniew Roginski, President and Chief Executive Officer of the Company stated, "The Ink Jet Printing business is poised for growth and market expansion in the flexible packaging and high speed web printing industries".
The Company posts current financial statements and other important information on PinkSheets.com (http://www.Otcmarkets.com; symbol: SORT.PK).
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. 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