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Canon reports first-quarter revenue of $426.6 million Earnings reports 

Canon reports first-quarter revenue of $426.6 million

GaryPageau
Canon Inc. on Wednesday reported first-quarter earnings of $426.6 million on revenue of $7.34 billion in the period. According to the earnings release: “In the Imaging Business Unit, as for the interchangeable-lens digital cameras, the number of unit sales decreased due to the shifting of demand to mirrorless cameras. However, the EOS R6 Mark II full-frame mirrorless camera, which was released... Read More
Xerox reports first-quarter revenue up 2.8 percent Earnings reports 

Xerox reports first-quarter revenue up 2.8 percent

GaryPageau
Xerox Corp. reported first-quarter revenue of $1.72 billion, up 2.8 percent year-over-year or up 5.5 percent in constant currency. The company’s GAAP earnings per share (EPS) was $0.43, up $0.81 year-over-year. “Demand for our print equipment and related services remains resilient despite continued economic uncertainty, as evidenced by another quarter of growth in both equipment revenue and constant currency post-sale revenue,... Read More
Bloomberg: Shutterfly bonds fall on delay of annual report Earnings reports 

Bloomberg: Shutterfly bonds fall on delay of annual report

GaryPageau , , ,
Bloomberg Law reports Apollo Global Management-backed Shutterfly LLC’s bonds fell Tuesday, April 18, after the photo products retailer informed investors it will delay the release of its annual results for 2022, according to people with knowledge of the matter. According to the report from Bloomberg’s Reshmi Basu and Erin Hudson, Shutterfly advised debt holders it amended its credit documents to... Read More
Claranova expects profitability to improve this year Earnings reports 

Claranova expects profitability to improve this year

GaryPageau ,
PlanetArt parent Claranova reported revenue for the first half of the fiscal year (July 2022-December 2022) of €315 million, up 12% at actual exchange rates. This performance was driven by double-digit growth in all business segments. But Claranova reported a net loss of for the first half of €4.5 million “Our Group succeeded in returning to growth in H1 2022-2023... Read More
Kodak grows full-year sales and net income Earnings reports News 

Kodak grows full-year sales and net income

GaryPageau ,
Eastman Kodak Co. reported financial results for the fourth quarter and full year 2022. For the full year ended Dec. 31, 2022, revenues were $1.205 billion, an improvement of $55 million for the same period in 2021. Adjusting for the unfavorable impact of foreign exchange of $70 million, revenues increased by $125 million, or 11 percent compared to the prior... Read More
Urbanimmersive doubles first-quarter revenue, loss widens Earnings reports 

Urbanimmersive doubles first-quarter revenue, loss widens

GaryPageau
Urbanimmersive Inc. reported financial results and presents business highlights for the first quarter ended Dec. 31, 2022. The company generated revenues of $3.2 million compared to $1.0 million for same period last year, an increase of $2.2 million or 219% but the net loss widened to $1.1 million, compared to $597,000 last year. In October 2022, the company completed the... Read More
ME-Group posts improved results Earnings reports 

ME-Group posts improved results

GaryPageau
The ME Group (formerly Photo-Me International plc) reported strong financial performance was driven by increased demand and a progressive increase of prices, particularly for photobooth and laundry services, across Continental Europe and in the UK and the Republic of Ireland, the company said. Photo.ME revenue increased by 25.2% to £154.3 million as photobooth activity continued to recover following the easing of... Read More
Profoto reports 2022 sale increase nearly 16 percent Earnings reports 

Profoto reports 2022 sale increase nearly 16 percent

GaryPageau
Swedish lighting manufacturer Profoto reported improved profits and sales for the fourth quarter and full-year 2022. The company said Profoto’s fourth quarter was characterized by weak demand and cautious customers, although profitability was good. Sales totaled SEK 230 million, representing 6-percent growth compared to the corresponding quarter in the previous year. For the full year 2022, the corresponding figures were... Read More
Shutterstock sees 6% fourth-quarter revenue increase, launches AI platform Earnings reports New Products 

Shutterstock sees 6% fourth-quarter revenue increase, launches AI platform

GaryPageau
Shutterstock, Inc. announced financial results for the fourth quarter and full year that ended Dece.31, 2022. Revenue increased 6% to $217.7 million. On a constant currency basis, revenue increased 9%, but income decreased 48% to “For the full year 2022, we grew revenues by 7% and Adjusted EBITDA by 13% while expanding our Adjusted EBITDA margin to 26.3%,”  said Paul Hennessy,... Read More
Claranova reports 12% second-quarter growth Earnings reports 

Claranova reports 12% second-quarter growth

GaryPageau
Also announces ChatGPT integration in Ink Card app PlanetArt parent Claranova reported improved second-quarter results. With second-quarter 2022-2023 (October to December 2022) revenue of €218 million up 13% at real exchange rates and 2% at constant scope and exchange rates year-on-year, Claranova’s positive growth momentum is now back on track, the company said. Reflecting this trend, the Group had six-month... Read More