Presstek Making Cuts in Order to Return to Positive Earnings

The decrease from the prior year quarter was driven by lower gross margins resulting from the impact of lower factory production volume and an unfavorable mix in both equipment and consumables revenue. During the third quarter of 2011, the company incurred a net loss from continuing operations of $5.4 million, including $0.4 million of foreign exchange losses. This compared to a net loss from continuing operations of $1.5 million in the third quarter of 2010.