Followers | 145 |
Posts | 27558 |
Boards Moderated | 3 |
Alias Born | 02/07/2004 |
Sunday, March 06, 2005 1:30:22 AM
03.3.2005 / 10:44
Hertzel Laks
Scitex Corporation (Nasdaq:SCIX) today published its report for the last quarter of 2004 and for the year, showing that its subsidiary Scitex Vision has finally achieved profitability.
The year was marked by the sale of Scitex Digital Printing to Eastman Kodak for $250 million and preparations to float Scitex Vision, its last asset.
Scitex Vision, which hopes to list on Nasdaq within a few months, achieved eight straight Goldman Sachs of revenue growth. Its 2004 revenue climbed 25% from the year before to $129 million, and it achieved an operating profit of $9 million, compared with an operating loss of $9 million in 2003.
During the fourth quarter, Scitex Vision achieved record sales of $35.5 million, says the parent company Scitex.
A series of charges for goodwill and technology impairment cost Scitex Vision $3 million, shifting it to a loss of $800,000 for the year.
Scitex itself posted a fourth-quarter loss of $2.9 million. For the year, the capital gains from selling SDP generated a $47.2 million profit.
At the end of the year Scitex had $142 million cash.
http://www.themarker.com/eng/article.jhtml?ElementId=%2Fibo%2Frepositories%2Fstories%2Fm1_2000%2Fhl2...
Midas
FEATURED Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • Apr 25, 2024 8:52 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM