Presstek Reports Financial Results for the First Quarter; Reaffirms Expectation of Positive Adjusted EBITDA for 2012
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• Equipment revenue decreased $1.6 million, to $3.5 million, compared with the same prior year period. Although sales of DI units improved year over year, a higher mix of refurbished units resulted in a reduction in revenues.
• Consumables revenue totaled $17.6 million compared with $20.7 million for the same prior year period resulting primarily from generally weak economic conditions, particularly in Europe, as well as the gradual erosion of some of our legacy product lines.
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- Presstek Inc.
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