Electronics For Imaging, Inc. announced its results for the fourth quarter and year ended December 31, 2018. For the three months ended December 31, 2018, the Company reported revenue of $256.9 million, down 5% compared to $269.2 million for the same period in 2017. GAAP net loss was $3.1 million compared to GAAP net loss of $26.3 million for the same period in 2017 or $(0.07) per diluted share compared to $(0.58) per diluted share for the same period in 2017. Non-GAAP net income was $20.5 million, down 14% compared to $24.0 million for the same period in 2017 or $0.46 per diluted share, down 12% compared to $0.52 per diluted share for the same period in 2017. Cash flow from operating activities was $33.4 million, 162% of non-GAAP net income compared to $8.9 million, 37% of non-GAAP net income during the same period in 2017. For the year ended December 31, 2018, the Company reported revenue of $1.02 billion, up 2% compared to $993.3 million in for the year ended December 31, 2017.
Greenerprinter has joined Two Sides North America, the non-profit organization that promotes and encourages the responsible production, use, and sustainability of print and paper.
“We welcome Greenerprinter to our growing list of members and congratulate them for making sustainability a priority. We look forward to working with them to promote the many benefits provided by the use of sustainably produced print and paper,” says Two Sides North America President Phil Riebel.
“We always continue to seek out new ways to bring renewable energy more directly into our operations. While we are proud to have been one of the first printers in the country to become green certified, and use recycled papers and soy & vegetable inks exclusively, we realize there is still much to do and are very excited about our new Two Sides membership,” says Mario Assadi, CEO, Greenerprinter.