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

By: INC.JET HOLDING, INC
 
NORWICH, Conn. - Aug. 13, 2021 - PRLog -- inc.jet, Holding Inc, 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 June 30, 2021.

For the quarter ended June 30, 2021, total sales were $4.35 million, compared to total sales of $3.60 million for the quarter ended June 30, 2020.  The $750 thousand increase resulted from increases in Systems sales of $670 thousand and Supplies of $80 thousand.  Net income was $430 thousand, or $0.02 per share, for the quarter, compared to net income of $283 thousand, or $0.01 per share, for the comparable period last year.

For the six months ended June 30, 2021, total sales from continuing operations were $8.24 million, compared to total sales of $7.30 million for the six months ended June 30, 2020.  The $940 thousand increase resulted from increases in Systems sales of $600 and sales of Supplies of $340 thousand.  Net income was $720 thousand, or $0.04 per share, for the six month period, compared to net income of $515 thousand, or $0.03 per share, for the comparable 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".

About inc.jet Holding, Inc

Founded in 1978 and headquartered in Norwich, Connecticut, inc.jet Holding, Inc. and its wholly-owned subsidiary Norwix, 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 and posts its financial statements on OTC Pink Sheets under the symbol "SORT.PK".  Additional information is available at www.norwix.com.

Contact
Christopher Turner
***@incjet.com
End
Source:INC.JET HOLDING, INC
Email:***@incjet.com Email Verified
Tags:Ink Jet
Industry:Manufacturing
Location:Norwich - Connecticut - United States
Subject:Earnings
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