Rimages profits down in Q1

Twitter icon
Facebook icon
LinkedIn icon
e-mail icon
Google icon
CD/DVD technologies developer Rimage has reported net income of $695,000 in the first quarter of 2010, down from the $1.19 million posted in the same quarter in 2009.

Sales totaled $18.37 million in the first quarter, which ended March 31. This was virtually unchanged from the $18.36 million posted a year ago.

Sherman Black, president and CEO of Rimage said he was “pleased” with the Rimage’s overall performance in the first quarter, “despite the disruptions that resulted from implementing our long-term growth strategy.” The company had previously reported that it was implementing a strategy to transform itself into a higher-performing business by “strengthening our core disc publishing business; generating new revenue streams by developing total solutions that leverage our core capabilities; and identifying and investing in future opportunities in adjacent markets."