EFI Q4 and full year revenue up

31 January 2007 — Foster City (CA): EFI, a colour digital print specialist, has released its preliminary Q4 and full year results for 2006.
Q4 revenue was $153.9 million compared to $145.4 million a year earlier. For the year ended December 31 2006, revenue was up 20.3 percent to $563.7 million, compared to $468.5 million in 2005.

Non-GAAP net income in Q4 was $22.6 million or diluted EPS of $0.35 compared to $23.1 million, or $0.36, last year. For the year, non-GAAP net income was $77.3 million or diluted EPS of $1.19 compared to $56.7 million, or $0.93, in 2005.

 

Guy Gecht, CEO of EFI, said: "In Q4 we delivered revenue at the high-end of our range fuelled by 40% year over year revenue growth in our inkjet product line."

 

He continued: "Looking to 2007, after a seasonally down first quarter and despite the impact of product mix on our gross margins, we are expecting approximately 10 percent revenue growth resulting in 15-20 percent EPS growth for the full year. We are excited about EFI’s ongoing transformation into a more balanced business, and look for our results to benefit from our strategy in 2007 and beyond."