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

NORWICH, Conn. - May 16, 2024 - PRLog -- inc.jet, Holding Inc, 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 March 31, 2024.

For the quarter ended March 31, 2024, total sales were $5.36 million, compared to total sales of $4.40 million for the quarter ended March 31, 2023.  The $960 thousand increase resulted from an increase in Supplies revenue of $770 thousand and Systems revenue of $190 thousand.  Net income was $400 thousand, or $0.02 per share, for the quarter, compared to net income of $320 thousand, or $0.02 per share, for the comparable period last year.

About inc.jet Holding, Inc

Founded in 1978 and headquartered in Norwich, Connecticut, inc.jet Holding, Inc. and its wholly-owned subsidiary Norwix, 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 and posts its financial statements on OTC Pink Sheets under the symbol "SORT.PK".  Additional information is available at www.norwix.com.

Statements in this release concerning the Company's business outlook, future financial and operating results, and overall future prospects are forward looking statements that involve a number of uncertainties and risks. Actual results could differ materially from those anticipated in those forward-looking statements as a result of certain factors. All statements made in this press release are made only as of the date set forth at the beginning of this release. The Company undertakes no obligation to update the information in this release in the event facts or circumstances subsequently change after the date of this press release.