Flexible Electronics News

PEN Inc. Announces 2Q 2015 Financial Results

Total revenues were $2.3 million, down 19.3% from 2Q 2014.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

PEN Inc. reported financial results for its second quarter and six months ended June 30, 2015.   For the three months ended June 30, 2015, total revenues were $2,313,349, down 19.3% from reported revenues of $2,867,962 in the second quarter of 2014. On a pro forma basis, with both segments included, total revenues were $3,428,658 in the second quarter of 2014.   “During the second quarter of 2015, we continued to make rapid progress in aligning our teams toward a common objective,” said Scot...

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