Pinnacle Reports Record Q2 Sales

Pinnacle Systems rounded out a strong second quarter, boasting a 43 percent increase in net sales to $84,501,000. Pinnacle attributes the record high sales to the success of its consumer products during the holiday season and their ability to leverage technologies for both business and consumers The company overall ha

Author:: TVTechnology
Updated:: Feb 23, 2018
Original:: Jan 22, 2003

Pinnacle Systems rounded out a strong second quarter, boasting a 43 percent increase in net sales to $84,501,000. Pinnacle attributes the record high sales to the success of its consumer products during the holiday season and their ability to leverage technologies for both business and consumers

The company overall had a net income of $4,479,000 or $0.07 a share and ended the quarter with $108.8 million in cash and marketable securities. In the Broadcast and Professional division, net sales were $34.5 million, a 17 percent increase over the year-ago period.

Pinnacle's Q3 appears to be off to a good start as well. The company recently acquired Steinberg Media Technologies, adding digital audio realm to its mix, as well as debuting several new products at CES.

Emmis Communications experienced an eight percent increase for Q2 ending August 31, 2004. Net revenue was $166.8 million, up from $154.6 million for the same period last year. Diluted earnings per share for Q2 was 23 cents compared to 14 cents for the same quarter last year. "In radio we outperformed our markets by

The Consumer Electronics Association (CEA) reports that August and September factory-to-dealer unit sales of digital television (DTV) products —including integrated sets and displays—increased to record levels.

Factory to dealer DTV product sales figures totaled $791 million in September with unit sales totaling 530,656. The unit sales are 99 percent higher than the same month last year and set a record for one month unit sales, according to the Consumer Electronics Association "These figures not only top the charts -- they'

Recent financial statements issued by electronics giants Panasonic and Sony are still showing lots of red ink.

Avid's acquisition of Pinnacle Systems was approved this week by both company's shareholders, days after Pinnacle rejected an eleventh hour offer by San Francisco-based private investor, Vector Capital. In March, Avid agreed to purchase the video editing technology manufacturer in a deal valued at $462 million. Si

The flat panel display research firm’s quarterly report says shipments of panels larger than 10in rose 15 percent in the 4th quarter and 29 percent overall for 2004

Sales of transmission systems increased, helped by the over-the-air digital TV transition in the United States and Brazil.

An increase of 20.1 percent makes for the largest sales in the company’s history.