MINNEAPOLIS, MN – March 5, 2019 – Insignia Systems, Inc. (Nasdaq: ISIG) (“Insignia”) today reported financial results for the fourth quarter (“Q4”) and the full year ended December 31, 2018.
Overview
- Q4 2018 net sales increased 0.3% to $8.1 million from $8.1 million in Q4 2017, driven by innovation revenue, offset by a decrease in POPS program revenue.
- 2018 net sales were $33.2 million, an increase of 25.8% from $26.4 million in 2017.
- Q4 2018 operating income was $0.5 million compared to $1.0 million in Q4 2017.
- 2018 operating income was $1.8 million, compared to an operating loss of $0.9 million in 2017.
- Q4 2018 net income was $0.4 million, or $0.04 per basic and diluted share, compared to $0.6 million, or $0.05 per basic and diluted share in Q4 2017.
- 2018 net income was $1.4 million, or $0.12 per basic and diluted share, compared to a net loss of $0.6 million, or $0.06 per basic and diluted share in 2017.
