Presstek Narrows Loss for Fiscal Year, Logs Third 75DI Press Order

Including these non-cash charges, the company had an operating loss of $3.4 million in the fourth quarter of 2010 vs. an operating loss of $0.7 million in the 2009 fourth quarter. The majority of the increased operating loss in the fourth quarter of 2010 relates to the $1.9 million customer bad debt reserve referenced above with the remainder relating primarily to a $0.8 million increase in non-cash equity-based compensation charges.