Media Sciences International, of Oakland, NJ, the leading independent manufacturer of color toner cartridges and solid ink sticks for color business printers, announced its financial results for the third fiscal quarter ended March 31, 2008.
As compared to the same period in 2007, sales of color toner cartridges increased about 71%, while sales of solid ink sticks decreased approximately 6%; and, sales of color toner cartridges increased by about 56%, while sales of solid ink sticks decreased approximately 15%.
CEO Levin stated, “The 71% year-over-year growth in toner cartridge revenue is in line with our expectations. Our growth in toner cartridge revenues will continue to outpace that of solid ink revenues, as the market for color toner cartridges represents more than 90% of the business color printer supply market. As a result of this market dynamic and Xerox’s limited introduction of new printers based on solid ink technology, our development efforts and new product introductions have been and will continue to be primarily directed toward the substantial remainder of the business color printer market which we have yet to address and that is dominated by toner-based products.”