Fusion is taking pre-order sales for its new digital printing technology to new heights.
The company, which recently acquired a printer plant in Florida, said Wednesday that it has now taken pre-ordering for its digital printing system to $70 million in annual revenue.
Fusion has been making inkjet printers since 2013, and its sales have risen in tandem with its inkjet business.
This month, the company reported a revenue of $14.9 million for the three months ended March 31, a year-over-year increase of 24 percent over the previous quarter.
The company also said that it had recorded $8.4 million in cash on hand at the end of March.
Fuse CEO Jeff Gattuso said in a blog post that the company had “reached the pinnacle of the growth potential of the inkjet printing business.”
He added that Fusion is on track to double its print capacity in the next two years.
“Digital inkjet inkjet machines will enable us to offer a more comprehensive range of ink and paper products, as well as a faster, more efficient process for producing high-quality products,” Gattuseso wrote.