Kiosk Information Systems Inc. (KIS) is making rosy predictions about the growth of its business this year.
KIS President Rick Malone told the Denver Business Journal that the Louisville, Colo.-based kiosk manufacturer expects production to reach 16,000 units this year. The company’s output in 2003 was almost 8,000 units, which nearly tripled production from the year before.
Malone said KIS’ employment will likely reach about 100 by year’s end, an increase of 30 workers on the current payroll and 55 more than were employed at the plant a year ago.
"The pipeline is very full, and it looks very promising," Malone said.
Malone declined to reveal the company’s precise revenues, but said they are "well into the mid-20s" in millions of dollars. The company incurred slight losses in both 2001 and 2002 but returned to profitability last year when revenues also rose sharply.
The company president credited KIS’ rebound in part to an aggressive sales force.
About one-half of the company’s 2003 revenues came from kiosks designed for human resources clients, 30 percent from public Internet systems and 20 percent from miscellaneous uses.
"They’re one of the leaders, if not the leader, in the business," said Francie Mendelsohn, president of kiosk consulting firm Summit Research Associates. "They’re doing great."
