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Xerox reports improved revenues but earnings still challenged Earnings reports News 

Xerox reports improved revenues but earnings still challenged

GaryPageau
Xerox Corp. reports third-quarter revenue was down 0.4 percent year-over-year to $1.75 billion and GAAP (loss) earnings per share (EPS) of $(2.48), down $2.96 year-over-year. “Over the past few months, I’ve met in-person with customers, partners and employees across the globe and I’ve gained greater insight into the range of opportunities we have to grow our business,” said Steve Bandrowczak, chief executive... Read More
Bloomberg reports insiders claim Shutterfly lost $45-$55 million in 3Q Earnings reports News 

Bloomberg reports insiders claim Shutterfly lost $45-$55 million in 3Q

GaryPageau , ,
Bloomberg reports leading photo products retailer Shutterfly LLC released preliminary third-quarter earnings reflecting steeper losses than last year, according to people with knowledge of the private results in the article. The Apollo Global Management-backed company booked a preliminary loss of $45 million to $55 million before interest, taxes, depreciation, and amortization, said the source, who asked not to be identified because... Read More
Moonpig expects to return to pre-COVID results soon Earnings reports News 

Moonpig expects to return to pre-COVID results soon

GaryPageau ,
UK-based online greeting card retailer Moonpig Group plc held its Annual General Meeting (AGM) Sept. 21 and provided an update on its performance for the current financial year. The company said overall trading performance is in line with expectations. The company said, “in the current economic environment, we have prioritized greeting card sales, which have a demonstrable track record of... Read More
Urbanimmersive announces 2022 third quarter financial results Earnings reports 

Urbanimmersive announces 2022 third quarter financial results

GaryPageau
Urbanimmersive Inc. announced financial results and presents business highlights for its third quarter ended June 30, 2022.  For its third quarter ended on June 30, 2022, the company’s revenues totaled $2,850,000 compared to $1,102,000 for third-quarter 2021, an increase of $1,748,000 or 159%. The company’s net loss widened to $285,000 in the quarter, compared to $249,000 last year. For the... Read More
Smartphoto Group reports improved six-month sales and profit Earnings reports 

Smartphoto Group reports improved six-month sales and profit

GaryPageau
Wetteren, Belgium-based Smartphoto Group reported revenues for the first six months of 2022 increased 39.1% from €21,060,000 to €29,304,000. The growth was driven by internal growth and the integration of gifting platform naYan. The company said profitability increased strongly compared to a year earlier due to a better product mix and price adjustments, notwithstanding higher production, transport, and material costs.... Read More
Kornit Digital reports second quarter 2022 results Earnings reports 

Kornit Digital reports second quarter 2022 results

GaryPageau
Israel-based on-demand textile printer maker Kornit Digital Ltd. reported results for the second quarter ending June 30, 2022. Second quarter revenues of $58.1 million, net of non-cash warrants impact of $4.5 million, in line with preliminary results issued July 5, 2022 Second quarter GAAP operating loss of $24.9 million; Non-GAAP operating loss of $18.3 million, net of $4.5 million attributed... Read More
Fujifilm first quarter revenues up but earnings drop Earnings reports 

Fujifilm first quarter revenues up but earnings drop

GaryPageau
FUJIFILM Holdings Corp. reported a net income of ¥41.4 billion in the first quarter ended June 30, 2022, compared with ¥57.3 billion in the same quarter last year. Revenues of ¥625.9 billion increased 7.4% year over year. The Imaging Solutions segment’s revenues were ¥82.5 billion, up 13.6% from the year-ago quarter’s levels. Consumer Imaging and Professional Imaging revenues rose 20.4% and... Read More
Shutterstock reports second-quarter 2022 financial results Earnings reports News 

Shutterstock reports second-quarter 2022 financial results

GaryPageau
Shutterstock, Inc. announced second-quarter revenue for the ended June 30, 2022, increased 9% to $206.9 million (on a constant currency basis, revenue increased 13%). Income from operations dropped 24% to $25.4 million and net income decreased 34% to $19.4 million.  “With the acquisitions of Pond5 and Splash News and the release of our Creative Flow suite of workflow applications and... Read More
Snap announces second quarter net loss widens Earnings reports 

Snap announces second quarter net loss widens

GaryPageau
Snap Inc. today announced financial results for the quarter ended June 30, 2022. The company reported revenue increased 13% year-over-year to $1.111 billion and operating cash flow was $(124) million and free cash flow was $(147) million. The net loss was $422 million, compared to $152 million in the prior year. “While the continued growth of our community increases the long-term... Read More
Profoto shows improved results, impacts of component shortages Earnings reports News 

Profoto shows improved results, impacts of component shortages

GaryPageau
Swedish lighting company Profoto Holding AB reports net sales for the second quarter ending June 2022i, totaled SEK 187 million, compared to SEK 172 million last year, an increase of 8.6 percent. But organic growth, adjusted for currency effects, was -12.7 percent. For the first six months of the year, Profoto registered net sales totaled SEK 383 million, compared to... Read More
Photo-Me announces six-month results Earnings reports News 

Photo-Me announces six-month results

GaryPageau
Photo-Me International plc, the instant-service equipment group, announces its results for the six months ended 30 April 2022. Revenue was up 21.9% to £115.3 million (H1 2021: £94.6 million), resulting mostly from the continued easing of Covid-19-related restrictions across the group’s key operating markets and the subsequent positive impact of increased demand for passports and other official documentation, the company... Read More
Moonpig Group reports 2022 revenue of £304.3 million Earnings reports News 

Moonpig Group reports 2022 revenue of £304.3 million

GaryPageau
Moonpig Group plc reported group revenue for the year ended April 2022 declined to £304.3 million, compared to £368.2 million for the same period last year. The company reported revenue growth of 75.8% on a two-year basis, reflecting significant growth in customer base, higher customer purchase frequency, and a further increase in attached gifting. But revenue was down 17.3% year-on-year,... Read More
Photo-Me International revising projections upward Earnings reports 

Photo-Me International revising projections upward

GaryPageau
Photo-Me International plc, the instant-service equipment group, is revising upwards its fiscal performance projections for the years. The company believes the group’s performance for the year ending Oct. 31, 2022, will show revenue up at least +20% over FY 2021 and adjusted PBT in the range of £47 million to £50 million, assuming Covid-19 or other social restrictions are not... Read More