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inc.jet Holding, Inc. Announces Quarter End Financial Results

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inc.jet, Holding Inc (OTC Pink Sheets: SORT.PK), a leading designer and manufacturer of ink jet imagers and products for the packaging industry emphasizing product traceability today announced its financial results for the quarter ended September 30,

NORWICH, Conn. - eTradeWire -- For the quarter ended September 30, 2019, total sales from continuing operations were $3.31 million, compared to total sales of $3.50 million for the quarter ended September 30, 2018.  The $190 thousand decrease resulted from a decrease in Systems revenue of $420 thousand, partially offset by an increase in sales of Supplies of $230 thousand.  Net loss from continuing operations was $57 thousand, or $0.00 per share, for the quarter, compared to net income of $251 thousand, or $0.02 per share, for the comparable period last year.

For the nine months ended September 30, 2019, total sales from continuing operations were $10.81 million, compared to total sales of $10.44 million for the nine months ended September 30, 2018.  The $370 thousand increase resulted from an increase in sales of Supplies of $870 thousand, partially offset by a decrease in Systems revenue of $400 thousand.  Net income from continuing operations was $298 thousand, or $0.02 per share, for the nine month period, compared to net income of $718 thousand, or $0.04 per share, for the comparable period last year.

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Marc Perkins, President and Chief Executive Officer of the Company stated, "The Ink Jet Printing business continues to show strong revenue growth".

The Company posts current financial statements and other important information on PinkSheets.com (http://www.Otcmarkets.com; symbol: SORT.PK), as well as the Company's own website (http://www.incjet.com).

About inc.jet Holding, Inc

Founded in 1978 and headquartered in Norwich, Connecticut, inc.jet Holding, Inc. and its wholly-owned subsidiary inc.jet, Inc. (together, the "Company") operates in the  Ink Jet Printing business. The Ink Jet business designs, develops, markets and services ink jet imagers as well as sells product into the packaging industry emphasizing product traceability.  The Company's products are dependent upon proprietary technology and require especially skilled engineers and technicians to design, enhance and produce them to meet customer needs.  Inc.jet Holding, Inc. is publicly traded on OTC Pink Sheets under the symbol "SORT.PK".  Additional Company information is available at www.incjet.com.

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Contact
Christopher Turner
***@incjet.com


Source: INC.JET HOLDING, INC
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