RE: Strong Financials.. Transition Going Well In fiscal 2011, the company made a substantial strategic investment in its future and the results are now showing up in a return to strong profitability and growth in sales.
The transition from print to personalized production is best shown in the results of the last 2 quarters ( Q4/11 and Q1/12 ) in which sales increased to $6.9 million from $5.6 million in Q4/11.
Both quarters have been very profitable, with net earnings of
.06 per share.
Cash flows have been robust and the cash positoin has increased to
.15 per share and PN has no debt.
In 2010, PN earned
.20 per share on sales of $25.5 million.
Based on the past two quarters and the new contracts recently signed with Costco et al, PN is very well positioned to exceed $25 million in sales this year and earn above
.15 per share while cash flowing over $8 million for the year.