Nov 13 · 11:50:00 AM · Source: Company News

Media Sciences International, independent manufacturer of color toner cartridges and solid inks for use in color business printers, Friday said it posted a fiscal first quarter loss of $259,000, or $0.02 per share, versus net income of $477,000, or $0.04 per share, in the year-ago quarter, which included a non-recurring $1,500,000 litigation settlement recovery. Net revenues were $5,507,000, a $245,000 or 4% decrease year-over-year and an $118,000 or 2% decrease over the prior quarter. Gross margin at 38.7% of net revenues, versus 45.6% for the same period last year.

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by Larry Etter