MINNEAPOLIS, MN – January 18, 2019 – Insignia Systems, Inc. (Nasdaq: ISIG) (“Insignia”) today reported information regarding its preliminary unaudited financial results for the fourth quarter of 2018 (“Q4”), fiscal year 2018 and updated expectations for the first half of 2019.
Overview
- Preliminary Q4 2018 net sales ranging from $8.0 to $8.1 million and Q4 2018 pre-tax income results ranging from $0.3 to $0.5 million
- Preliminary fiscal year 2018 net sales ranging from $33.1 to $33.2 million and fiscal year 2018 pre-tax income results ranging from $1.6 to $1.8 million
- Loss of significant clients expected to result in substantial downward pressure in future periods
Insignia expects fourth quarter of 2018 net sales ranging from $8.0 to $8.1 million, roughly flat with fourth quarter of 2017 and expects pre-tax income for the fourth quarter of 2018 ranging from $0.3 to $0.5 million. Preliminary fiscal year 2018 net sales ranging from $33.1 to $33.2 million and fiscal year 2018 pre-tax income results ranging from $1.6 to $1.8 million.
