Presstek Reports Improved 2010 Second Quarter Operating Profits

The company reported total revenue of $31.6 million in the second quarter of 2010, a decline of 6% from the amount reported in the second quarter of 2009. It had an operating loss of $1.8 million in the second quarter of 2010, a $21.0 million improvement from a loss of $22.7 million in the 2009 second quarter. Excluding a one-time $19.1 million charge for the write-off of goodwill in the second quarter of 2009, operating income improved by $1.9 million from 2009 levels.