Revenue Slips at Check Technology

Share this content:
Print production concern Check Technology Corp., Minnetonka, MN, this month reported that second-quarter revenue declined to $5.3 million from $6.3 million in the comparable period a year ago.

The company suffered a loss of $509,882, or 8 cents a share, compared with earnings of $87,802, or 1 cent a share, a year ago. Check Technology cited currency exchange factors for the loss.

Check Technology expects economic improvement in Latin America and Asia to help it reverse its losses by the end of the year. The firm sold its first Imaggia printing system into Chile in the quarter, and signed a marketing agreement with Oce Printing Systems GMBH that will give Check Technology two new print production systems. As a result of the deal, the company hopes to gain a broader line of products without any major infrastructure or research and development costs.

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above