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ELECTRONICS FOR IMAGING INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2019 10-Q, filed May 7, 2019. Its latest SEC filing is a SC 13G/A from Aug 12, 2019.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Sells industrial inkjet printers and inks, print workflow software, and digital front ends to print and packaging businesses and textile and building-material manufacturers.

How Did They Make Money?

Customers buy printers, devices, digital front ends and ink; those sales are counted when the product is provided, while software-license sales are counted when the software is available to download. Maintenance, subscriptions, cloud access and professional services bring in revenue over the service term or as work is done.

FY2018 revenue

Who Were Their Customers?

Print and packaging businesses, textile companies, and building-material manufacturers buy industrial printers mainly through EFI's direct sales team and selected distributors; software buyers purchase directly or through resellers, while printer makers distribute Fiery products to end users.

Did Revenues Turn Into Profits?

No. It lost $971K in FY2018.

Operating income, FY2018
2% of revenue
▼ −29% vs FY2017 ($27.5M, 3%)
Net income, FY2018
0% of revenue
▼ −94% (Loss) vs FY2017 (−$15.3M, −2%)

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q1 FY2019, the three months to Mar 31, 2019
Revenue
▼ −7%
vs $239.9M in Q1 FY2018
Net income
▲ +419% (Loss)
vs −$3.6M in Q1 FY2018
  • Jul 23, 2019 Siris affiliate completed its acquisition of EFI EFI became wholly owned by a Siris affiliate, and its common shares were delisted from Nasdaq.

Grew. Revenue grew 28% in 4 years, from $790.4M in FY2014 to $1B in FY2018, about 6% a year.

Jetrion label printing The older report describes EFI selling Jetrion label and packaging printers; the latest says EFI cannot sell Jetrion printers during its agreement with Xeikon, which sells them and resells EFI's label inks.

Who Did They Compete With?

Competes with Agfa, Durst, Canon, Hewlett-Packard, Inca, Mimaki, Roland, Mutoh, Barberan, Sun Automation, Dover, Epson, Konica Minolta, Robustelli, Atexco, Shenzhen Homer Textile, Kornit, Ricoh, Digital Graphics, and KERAjet

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