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

Inclusive of the non-cash charges referenced above, Presstek incurred a net loss from continuing operations during the fourth quarter of 2010 of $6.7 million, compared to a net loss of $1.5 million in the fourth quarter of 2009. The company’s 2010 net loss from continuing operations was $10.6 million, compared to a net loss of $49.1 million in 2009. The 2009 results included special charges for the write-off of goodwill and deferred tax assets of $19.1 million and $16.8 million, respectively. Excluding the non-cash charges for 2009 and 2010, net loss from continuing operations improved by $7.3 million vs. 2009.