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Industry Notes for the week of July 4 Earnings reports News People on the Move Updates 

Industry Notes for the week of July 4

Events PI CONNECT imaging conference, Pro Imaging Golf move to 2021 Pro Imaging CONNECT, the executive conference for the photo/imaging industry, has postponed its 2020 conference to April/May, 2021, at the Horseshoe Bay Resort in Austin, Texas. Due to the COVID-19 outbreak, we were forced to postpone Pro Imaging CONNECT and Pro Imaging Golf until spring of 2021. App news and... Read More
The Michaels Companies announces first quarter sales down 28% Earnings reports 

The Michaels Companies announces first quarter sales down 28%

The Michaels Companies, Inc. announced first-quarter next sales of $799 million, compared to $1.09 billion last year, a decline of 27.6%. The company had a first-quarter net loss $63.5 million, compared to $37.7 million net income in 2019. The 27% decline in sales was due to temporary store closures as a result of the COVID-19 pandemic. Sales related to 11... Read More
HP meets earnings target but misses sales expectations, sending shares tumbling Earnings reports News 

HP meets earnings target but misses sales expectations, sending shares tumbling

Printer maker HP Inc. announced the company beat analysts second-quarter earnings target of 51 cents per share ($12.47 billion – above the expected 45 cents per share – but lower sales sent HPQ stock lower. On a year-over-year basis, HP earnings dipped 4% while sales declined 11%. Printing net revenue was down 19% year over year (down 18% in constant... Read More
Printful records more than $100 million in revenue for 2019 Earnings reports News 

Printful records more than $100 million in revenue for 2019

Privately held Printfulannounced, in 2019, it reached $116-million in revenue, compared to $77.4 million in 2018. The company opened an office in Spain and expanded its fulfillment centers in the United States and Latvia. Printful has now grown to a team of more than 800 people, the company said, including production specialists, sales and marketing experts, customer support specialists, developers,... Read More
Industry Notes for the week of May 16 Earnings reports People on the Move SDKs and APIs Updates 

Industry Notes for the week of May 16

Industry Notes for the week of May 16 Chatbooks suffers security breach; no user cards compromised Nate Quigley, CEO of Chatbooks, advised users the company had a security breach March 26. No credit card information was compromised, but users are requested to change their passwords. Minilab Evolution: Smaller, Faster and Better A round up the leading photo print system providers, by... Read More
Kodak reports lower sales and greater loss in first quarter Earnings reports News 

Kodak reports lower sales and greater loss in first quarter

Eastman Kodak Co. reported a first-quarter loss of net loss of $111 million on consolidated revenues of $267 million. The net loss includes expense of $167 million related to the increase in deferred tax valuation allowances for locations outside the U.S. and income of $53 million related to the change in fair value of embedded derivatives in the Series A Preferred... Read More
Industry notes for the week of May 9 Earnings reports News People on the Move 

Industry notes for the week of May 9

Mobile App News SmugMug adds editing and auto-upload to mobile app SmugMug has updated its Android and iOS apps to include editing features and automatic uploads. The new editing functions include transform, filters, text editing and more. Matterport brings 3D capture to iPhone Matterport released Matterport for iPhone, a way to create, to edit, and to share high-fidelity 3D digital twins of any physical... Read More
GoPro announces $119 million in sales, as expected. Earnings reports 

GoPro announces $119 million in sales, as expected.

GoPro, Inc. announced first-quarter revenues were $119 million, in line with its preliminary reports, but down from the $243 million for the same period last year. The net loss in the quarter was $64 million. “We’ve taken decisive action to transition into a more efficient and profitable direct-to-consumer business,” says Nicholas Woodman, GoPro founder and CEO. “This benefits GoPro with... Read More
Service revenues boosts Apple’s second-quarter results Earnings reports News 

Service revenues boosts Apple’s second-quarter results

Apple posted quarterly revenue of $58.3 billion, an increase of 1 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.55, up 4 percent. International sales accounted for 62 percent of the quarter’s revenue. The company had net sales of $58.3 billion in the quarter, compared to $58.015 billion last year. Services revenue jumped to $13.3 billion,... Read More
Xerox reports lower first-quarter sales Earnings reports 

Xerox reports lower first-quarter sales

Xerox Holdings Corp. reported first-quarter revenue dropped 14.7 percent to $1.86 billion, with cash flow dropping to $173 million of operating cash flow from continuing operations, down $49 million year-over-year, and $150 million of free cash flow, down $57 million year-over-year. “During this unprecedented time, we are committed to doing everything in our power to protect our employees, customers, partners... Read More
CEWE takes steps to mitigate COVID-19 fallout Earnings reports News 

CEWE takes steps to mitigate COVID-19 fallout

Due to the coronavirus pandemic, Europe’s leading photo printer CEWE-Stiftung & Co. KGaA announced cost-reduction measures, submit a notification of short-time work (staff pay reductions) as of April 1, 2020, applying to all three business segments: Retail, Photofinishing, and Commercial Online-Print. The proportion of short-time work may vary quite distinctly in the different corporate and operative divisions, the company said.... Read More
United Imaging Group reports record sales in 2019 Earnings reports 

United Imaging Group reports record sales in 2019

Leading European photo/video buying group United Imaging Group GmbH & Co.KG  announced 2019 sales of 379.5 million euros in 2019, a 27.6 percent increase from the 82 million euros from the year before. Even taking into account the 67 million euros contributed by the newly acquired europafoto membership, the group still gained more than 15 million from the year prior.... Read More
Kodak reports $1.2 billion revenues and $116 million earnings for 2019 Earnings reports 

Kodak reports $1.2 billion revenues and $116 million earnings for 2019

Eastman Kodak Co. reported full-year 2019 financial results. including revenues of $1.2 billion (about $100 million less than the prior year), continued growth in key product areas and net earnings of $116 million (compared to a $16 million loss in 2018). The company’s revenues were boosted by the sales of its Flexographic Packaging Division. Other highlights: Key product lines achieved... Read More
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