Splash beats estimates by 5 cents!
Tuesday April 14, 4:02 pm Eastern Time
Company Press Release
Splash Technology Announces March 1998 Quarterly Results
SUNNYVALE, Calif.--(BUSINESS WIRE)--April 14, 1998--Splash Technology Holdings, Inc. (''Splash'' or the ''Company'')(NASDAQ:SPLH - news), the leading supplier of open-platform color servers, today announced financial results for its March 1998 quarter.
Net revenue for the March 1998 quarter was $18.0 million, up 12 percent from $16.1 million recorded in the same quarter last year. The Company had net income of $2.1 million, or $0.15 per share on 14.1 million shares, for the March 1998 quarter, compared to net income of $3.3 million, or $0.26 per share on 12.4 million shares, for the March 1997 quarter.
''We are pleased with our financial results,'' said Kevin Macgillivray, Splash chairman and chief executive officer. ''We remain focused on building differentiated products, expanding our brand and company awareness, and continuing our momentum in a very exciting sector of the digital color printing market.''
For a discussion of risk factors which could affect the Company's current and future operating results, see the discussions in the Company's reports filed with the Securities and Exchange Commission, including the Company's Prospectus dated August 20, 1997, the Form 10-K for fiscal 1997, and the Form 10-Q for the period ended December 31, 1997.
About Splash: Accurate, consistent, easy color.
Splash delivers innovative, easy-to-use network-based printing solutions to discerning color users. The Company offers several lines of software-based color servers that provide an integrated link between desktop computers and digital color copiers and can transform those copiers into high-quality printers, scanners, and prepress proofing systems. Splash product development began in 1992 with initial product shipments in 1993. More than 12,000 Splash servers have been shipped worldwide including products built on both Intel and PowerPC platforms. Splash's products feature advanced color correction, color calibration, separations support, ease of use, time-saving workflow functionality, simulation of many color monitors and printing presses, and automatic correction for certain printing workflow problems. |
