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After posting declining sales, Xerox announces reinvention plan Earnings reports 

After posting declining sales, Xerox announces reinvention plan

GaryPageau , , ,
Xerox Holdings Corp. announced its 2023 third-quarter results included revenue of $1.65 billion, down 5.7 percent, but GAAP net income of $49 million, or $0.28 per share, up $432 million or $2.76 per share, year-over-year, respectively. The adjusted net income of $77 million, or $0.46 per share, up $44 million or $0.27 per share, year-over-year, respectively. “Growth in adjusted profit,... Read More
Urbanimmersive secures $700,000 private-placement financing Earnings reports 

Urbanimmersive secures $700,000 private-placement financing

GaryPageau
Financially troubled real-estate photography firm Urbanimmersive Inc. announced securing secured a non-brokered private placement of 10,510,500 units at a price of $0.07 per unit for gross proceeds of $735,735. Each unit consists of one common share of the company and one share purchase warrant entitling the holder to purchase an additional common share of the Company at a price of... Read More
Sports Photo Marketing parent Ennis reports lower second-quarter sales Earnings reports 

Sports Photo Marketing parent Ennis reports lower second-quarter sales

GaryPageau
Ennis, Inc., the parent company of School Photo Marketing, reported second-quarter results for the period ending Aug. 31, 2023.  Revenues were $106.8 million for the quarter compared to $111.2 million for the same quarter last year, a 4.0% decrease. Earnings per diluted share for the current quarter were $0.42 compared to $0.47 for the comparative quarter last year. Our gross... Read More
Kodak Alaris financial report reveals heavy reliance on film business Earnings reports Opinion 

Kodak Alaris financial report reveals heavy reliance on film business

GaryPageau , ,
Kodak Alaris Holding Ltd., the parent company of Kodak Moments, released its Fiscal Year 2023 earnings in the United Kingdom, for the year ending March 31, 2023. The report sheds light on the company’s financial condition and adds context to recent reports the business is up for sale. Among the highlights of the 111-page document was this section below, revealing... Read More
Urbanimmersive third-quarter revenues down 6% Earnings reports 

Urbanimmersive third-quarter revenues down 6%

GaryPageau
Retail-estate imaging company Urbanimmersive Inc. reported financial results and presents business highlights for its third quarter ended June 30, 2023. For its third quarter ending June 30, 2023 (Q3-23), the company generated total revenues of $2.683 million compared to $2.850 million for Q3-22, a decrease of $167,000 or 5.8%. Software revenues are up $46,000 or 7.7%. For the nine-month period... Read More
Smartphoto reports half-year revenue increases 2.5%, profit jumps 32.4% Earnings reports 

Smartphoto reports half-year revenue increases 2.5%, profit jumps 32.4%

GaryPageau ,
Smartphoto Group reports revenue for the first six months of the year by 2.5%, up from 29.3 million euro last year to 30.03 million euro of June 30 . Both segments, smartphoto and naYan, contributed to this. The net profit over the first half of 2023 increased by 32.4% to 1.29 million euro, compared to 975K euro a year earlier.... Read More
Kornit reports $56.2 million in second-quarter revenues Earnings reports 

Kornit reports $56.2 million in second-quarter revenues

GaryPageau ,
Kornit Digital Ltd. reported second-quarter revenues of $56.2 million, in line with previous guidance, but down from $58.1 million last year, and a second-quarter GAAP net loss of $14.3 million (non-GAAP net loss of $7.4 million). “During the quarter, impressions grew at a double-digit pace year-over-year for the second consecutive quarter, driving a steady improvement in capacity utilization and strong... Read More
GoPro reports $241 million second-quarter revenue, subscriptions up Earnings reports News 

GoPro reports $241 million second-quarter revenue, subscriptions up

GaryPageau
GoPro, Inc. announced financial results for its second quarter ended June 30, 2023. For the quarter, revenue was $241 million, which was 10% above guidance and but down 4% year-over-year. GoPro subscriber count ended the quarter at approximately 2.44 million, up 27% year-over-year. Revenue from the retail channel was $165 million, up 6% year-over-year. GoPro.com revenue, including subscription and service revenue, was... Read More
Claranova annual sales up 7% to all time high Earnings reports 

Claranova annual sales up 7% to all time high

GaryPageau ,
PlanetArt parent Claranova surpassed the half-a-billion euro milestone for the first in the fiscal year 2022-2023. Total revenues were €507 million, lead by the Avanquest division. “Claranova’s revenue reached an all-time high in FY 2022-2023, surpassing the €500 million milestone for the first time with 7% year-on-year growth to €507 million, said Pierre Cesarini, Chairman-CEO of Claranova. “All our subsidiaries... Read More
Shutterstock reports big net income increase Acquisitions Earnings reports News 

Shutterstock reports big net income increase

GaryPageau
Shutterstock, Inc. announced financial results for the second quarter ended June 30, 2023. Second-quarter revenue was basically flat at $208.8 million, but net income 157% to $50.0 million. “I’m pleased to report that, as reflected in our second quarter results and our revised full-year outlook, Shutterstock is not only adapting but that it is thriving in this dynamic environment.” said Paul... Read More
Cimpress reports fourth-quarter revenue up 9% Earnings reports News 

Cimpress reports fourth-quarter revenue up 9%

GaryPageau
Vistaprint parent Cimpress closed 2023 with a strong fourth quarter, in which consolidated revenue grew 9% on both reported and organic constant-currency bases, the company said. Full-year revenue grew 7% on a reported basis and 11% on an organic constant currency basis. As discussed further below, operating income and adjusted EBITDA grew significantly compared to the same quarter last year.... Read More
Xerox reports level second-quarter earnings Earnings reports News 

Xerox reports level second-quarter earnings

GaryPageau
Xerox Holdings Corp. reports 2023 second-quarter revenue was essentially level with the same period last year, but GAAP (loss) earnings per share (EPS) of $(0.41), down $0.36 year-over-year. “Over the last 12 months, Xerox has taken significant steps to strengthen its operating and financial discipline, leading to another quarter of profitable growth amid a dynamic macroeconomic backdrop,” said Steve Bandrowczak,... Read More
Perfect Corp. reports revenue up 12 percent Earnings reports 

Perfect Corp. reports revenue up 12 percent

GaryPageau
AI/AR imaging software company Perfect Corp. announced its unaudited financial results for the three months ended June 30, 2023. Total revenues grew to $12.7 million, up 11.9% year over year, primarily due to strong growth momentum in AR/AI cloud solutions and subscription revenues. The gross profit was $10.2 million, compared to $9.7 million in the same period of 2022, and the... Read More