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Kodak reports slightly higher sales in 2021 Earnings reports 

Kodak reports slightly higher sales in 2021

GaryPageau ,
Eastman Kodak Co. reported financial results for the full year 2021, including consolidated revenues of $1.150 billion and continued growth in key product areas such as SONORA Process Free Plates and PROSPER annuities. Full-year 2021 highlights include: Consolidated revenues of $1.150 billion, compared with $1.029 billion for the full year 2020 GAAP net income of $24 million, compared with a... Read More
HP reports first-quarter net revenue up almost 9% Earnings reports 

HP reports first-quarter net revenue up almost 9%

GaryPageau
Palo Alto, Calif-based HP Inc. announced first-quarter net revenue of $17.0 billion, up 8.8% (up 8.2% in constant currency) from the prior-year period. Net earnings were level at $1.1 billion. “We once again delivered strong top and bottom-line results with record revenue driven by strong demand and our leadership in hybrid,” said Enrique Lores, HP President and CEO. “Our Q1... Read More
PlanetArt parent Claranova reports stable growth Earnings reports 

PlanetArt parent Claranova reports stable growth

GaryPageau ,
Paris-based conglomerate Claranova, the parent company of PlanetArt, reports first-half revenue was stable at €281 million (up 1% at actual exchange rates and down 2% at constant exchange rates), with second-quarter revenue of €193 million (up 3% at current exchange rates). “As anticipated at the beginning of the year, Claranova gradually returned to growth in Q2 2021-2022,” declared Pierre Cesarini,... Read More
Urbanimmersive reports first-quarter revenues up 11% Earnings reports 

Urbanimmersive reports first-quarter revenues up 11%

GaryPageau
Urbanimmersive Inc. reported first-quarter business highlights for the period ending Dec. 31, 2021. The company generated total revenues of $995,000 compared to $897,000 in the prior period, a 10.9% increase. In the quarter, the company sold 1,823 immersive 3D tours ($73,000) compared to 552 tours ($22,000) in Q1-21. During the quarter, Urbanimmersive launched its premium monthly subscription program UiMeet3D with... Read More
RRD reports full-year 2021 sales up 4% Earnings reports News 

RRD reports full-year 2021 sales up 4%

GaryPageau
R.R. Donnelley & Sons Company (RRD) reported full-year 2021 GAAP Net sales, increased $197 million or 4.1%; Non-GAAP organic net sales increased 3.2% primarily from higher demand for many of the company’s products and services GAAP income from operations was up $55 million versus the prior year. “We delivered a strong year of performance capped by fourth-quarter results that exceeded... Read More
U.S. Postal Service reports first quarter fiscal year 2022 results Earnings reports News 

U.S. Postal Service reports first quarter fiscal year 2022 results

GaryPageau
The U.S. Postal Service announced its financial results for the first quarter of its fiscal year 2022 (Oct. 1, 2021 – Dec. 31, 2021), reporting an adjusted loss of approximately $1.3 billion for the quarter, compared to an adjusted loss of $288 million for the same quarter last year. Adjusted loss excludes non-cash workers’ compensation adjustments for the impacts of... Read More
Profoto reports fourth quarter sales up nearly 26 percent Earnings reports 

Profoto reports fourth quarter sales up nearly 26 percent

GaryPageau
Stockholm-based lighting company Profoto reported fourth-quarter sales increased 25.7 percent to SEK 218 millin. Adjusted for currency effects, net sales increased by 24.3 percent. EBIT amounted to SEK 79m (46) and the EBIT margin to 36.1 percent (26.6). For the year, net sales increased to SEK 732 million, up 38.6 percent. Adjusted for currency effects, net sales increased by 44.1... Read More
Shutterstock reports fourth-quarter revenue jumped Earnings reports News 

Shutterstock reports fourth-quarter revenue jumped

GaryPageau
Shutterstock, Inc. announced fourth-quarter revenue increased 14% to $205.8 million, but income from operations decreased 47% to $14.6 million and net income decreased 35% to $16.9 million. On a constant currency basis, revenue increased 15%. “We ended 2021 with solid performance, driven by our Enterprise sales execution and continued popularity in our subscription products,” said Stan Pavlovsky, the Company’s Chief... Read More
CEWE reports improved earnings on level sales Earnings reports News 

CEWE reports improved earnings on level sales

GaryPageau
European photo printing powerhouse CEWE Stiftung & Co. KGaA concluded its 2021 financial year with another strong result according to preliminary as yet uncertified figures. The company said it had operative earnings (EBIT) of 72.2 million euros, a level within the range of 72 to 84 million euros planned for 2021 (2020 EBIT: 79.7 million euros). Turnover amounts to 692.8... Read More
Pinterest announces fourth quarter and full year 2021 results Earnings reports News 

Pinterest announces fourth quarter and full year 2021 results

GaryPageau
Pinterest, Inc. announced financial results for the quarter and year ended Dec. 31, 2021. Fourth-quarter revenue grew 20% year-over-year to $847 million, although Global Monthly Active Users (MAUs) decreased 6% year-over-year to 431 million. GAAP net income was $175 million for Q4, including a $49 million one-time share-based compensation charge related to the co-founder Evan Sharp‘s transition and an unspecified $25... Read More
Snap announces 2021 revenues up 64% Earnings reports News 

Snap announces 2021 revenues up 64%

GaryPageau
Snap Inc. reported financial results for the quarter and full-year ended Dec. 31, 2021. Fourth-quarter daily active users increased 20% year-over-year to 319 million and revenue increased 42% and full-year revenue increased 64% year-over-year “2021 was an exciting year for Snap and we made significant progress growing our business and serving our global community,” said Evan Spiegel, CEO. “The strength... Read More
Impacted by COVID, Kodak Alaris reports lower results Earnings reports News 

Impacted by COVID, Kodak Alaris reports lower results

GaryPageau ,
Kodak Alaris Ltd., Hemel Hempstead, U.K., released its annual final annual financial report. Kodak Alaris Ltd. is comprised of parts of the Alaris and Kodak Moments businesses of the Kodak Alaris Group in Europe, the Middle East, and Africa. Kodka Following an internal reorganization of the PPF business, Kodak Moments successfully integrated the Film business with effect from April 1,... Read More
smartphoto group grows further in 2021 Earnings reports 

smartphoto group grows further in 2021

GaryPageau
Smartphoto Group realized in 2021 an increase in revenue to 63.1 million euro compared to 61.4 million euro in 2020. This growth in revenue is the combination of the organic evolution and the one-month contribution of Frucon2 NV (Nayan), following the acquisition. The strict lockdown measures in 2020 resulted in exceptionally strong sales of books and prints in the spring and... Read More
Urbanimmersive announces revenues decreased 11 percent Earnings reports News 

Urbanimmersive announces revenues decreased 11 percent

GaryPageau
Urbanimmersive Inc. announced select financial results and presents business highlights for its fourth quarter and fiscal year ended Sept. 30, 2021. The company generated revenues of $4.069 million compared to revenues of $4.594 million for 2020, a decrease of $525,000 or 11%. This decrease of $525,000 is explained by the significant decrease in sales of 3D photography equipment (-$603,000) as... Read More
Xerox reports fourth-quarter revenue down 7.9 percent Earnings reports 

Xerox reports fourth-quarter revenue down 7.9 percent

GaryPageau
Xerox Holdings Corp. announced 2021 fourth-quarter and full-year results and guidance for 2022. The company reported $1.78 billion of revenue in Q4, down 7.9 percent year-over-year, or down 7.4 percent in constant currency; $7.04 billion of FY revenue, up 0.2 percent year-over-year, or down 1.4 percent in constant currency. “Our team’s focus and dedication drove improved results in 2021 despite ongoing... Read More