In a recent earnings call, Electronics for Imaging (EFI) CEO Guy Gecht, reported third quarter results of $248.4 million in revenue, a figure that is up 1% compared to 3Q 2016. However, for the 9-month period that ended September 30, 2017, EFI reported revenue of $724.1 million USD, down 0.2% when compared to last year’s results. 

Noting that the results are disappointing, Gecht said during the call that there will be some changes taking place within the company, particularly within EFI’s Jetrion inkjet label press business segment. Gecht said: “To reaccelerate growth, we are reallocating budget and talent toward our largest opportunities, in textile and packaging, along with making organizational changes and adding senior positions to improve focus and execution…We expect to spin out the operational part of our inkjet label printer line but we are keeping the IP and ink at EFI.”

According to Gecht, in comparison to other inkjet markets, the label segment is crowded with competitors and, he said, is “the easiest technical application for inkjet.” Meanwhile, Gecht said, he sees excellent growth potential in the dugital corrugated and textile printing markets.