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Skodix
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, Which is engaged in the development of digital printing systems, as well as the sale of consumables and spare parts for these systems, announces in the preliminary results for 2021 revenue that will amount to about $ 22.3 million, an increase of 36% compared to the period last year. According to the company, the increase was mainly due to the penetration of the fast-growing packaging manufacturers’ market, which it carried out this year.
The company further states that during 2021 it launched a product line which is adapted to the packaging manufacturers market which allows the company to substantially increase for it the ink supply and profitability from the sale of machines. The launch of the product line has created demand among packaging manufacturers and the company Is preparing to increase its production capabilities to meet market demands. The company states that although the line was launched during the second half of 2021, 30% of its revenue came from this line.
Eli Greenberg, CEO of Skodix: “We are pleased with our performance, which is in line with the targets and forecasts we have set and anticipates that the company will continue to grow well into 2022. Skodix continues its marketing efforts and each year we add more new customers who adopt our technology to increase value to the end consumer.”
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