Presstek Reports Improved 2010 Third Quarter Operating Profits
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In the third quarter of 2010 the Company had an operating loss of $1.3 million, a $4.8 million improvement from the loss in the 2009 third quarter. Excluding a one-time inventory-related charge of $2.7 million in the third quarter of 2009, operating income improved by $2.1 million from 2009 levels. During the third quarter of 2010, the Company incurred a net loss from continuing operations of $1.5 million, or $0.04 per share, compared to a net loss from continuing operations of $6.6 million, or $0.18 per share, in the third quarter of 2009. (See "Information Regarding Non-GAAP Measures")
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