Delphax Technologies Inc. reported earnings results for the year ended Sept. 30, 2011. For the fiscal year ended Sept. 30, 2011, net income was $545,000 on net sales of $32.2 million, with R&D expense of $4.2 million. That compares with net income of $2.3 million on net sales of $32.3 million, with R&D expense of $2.1 million in fiscal 2010. Fiscal 2011 equipment sales were $1.2 million, up from $816,000 in fiscal 2010. Revenues from maintenance, spares and supplies were $30.9 million in fiscal 2011, compared with $31.5 million in fiscal 2010.