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Nur Macroprinters Reports Q2 2005 Results

(August 2005) posted on Mon Aug 15, 2005

And will preview new roll-fed wide-format UV inkjet press at Print 05.


Nur Macroprinters Ltd. has reported its preliminary, un-audited financial results for the second quarter ended June 30, 2005. Revenues for the Q2 2005 were $20.3 million, a 4% increase compared to $19.5 million for the Q2 2004 (as restated) and a 10% increase compared to $18.4 million reported in the prior quarter. The increase is mostly attributed to increased ink and service revenues.

Revenues for the six months ended June 30, 2005 were $38.7 million compared with $43 million, as restated, for the same period in the prior year. Operating loss for the first six months of 2005 was $1.1 million and net loss was $2.7 million, compared to an operating income of $4.1 million and a net income of $1.8 million, for the same period in the prior year.

"We have implemented a previously announced plan to lower our operating costs in order to maintain our on-going operations. Despite the cut in expenses, we were able to increase revenues quarter over quarter and in addition to continue our research and development efforts," says David Amir, Nur's president and CEO.

In addition, says Amir, the company "plans to preview at SGIA a new 3.2 meter wide, roll-fed UV inkjet press currently in an advanced stage of development. This will be an excellent opportunity for us to demonstrate to the market our leadership role in UV inkjet technology." The company provided no further information on printer specifics. (Nur Macroprinters: www.nur.com)


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