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EFI Reports Q4 2009 Results



Published January 21, 2010
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Electronics For Imaging, Inc. (EFI) announced its results for the fourth quarter of 2009. For the quarter ended Dec. 31, 2009, the company reported revenues of $114 million, compared to fourth quarter 2008 revenue of $135.3 million.

GAAP net loss was $(3.4) million or $(0.07) per diluted share in the fourth quarter of 2009, compared to a GAAP net loss of $(104.5) million or $(2.03) per diluted share for the same period in 2008.

GAAP net loss was $(2.2) million or $(0.04) per diluted share for the twelve months ended Dec. 31, 2009, compared to a GAAP net loss of $(113.4) million or $(2.16) per diluted share for the same period in 2008.

Non-GAAP net income was $2.3 million or $0.05 per diluted share in the fourth quarter of 2009, compared to non-GAAP net income of $6.7 million or $0.13 per diluted share for the same period in 2008.

Non-GAAP net loss was $(10.7) million or $(0.22) per diluted share for the twelve months ended December 31, 2009, compared to non-GAAP net income of $41.2 million or $0.74 per diluted share for the same period in 2008.

"Our results continue to show improvement as we delivered 13 percent sequential revenue growth driven by a strong rebound in our Fiery business posting 26 percent quarter over quarter growth. In addition, we delivered on our commitment to return to profitability and generate cash in the fourth quarter," said Guy Gecht, CEO of EFI. "As we look to 2010, we will be focused on profitable growth while continuing to provide the print industries' most innovative technology."


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