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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001068238-02-000110.txt : 20020509
<SEC-HEADER>0001068238-02-000110.hdr.sgml : 20020509
ACCESSION NUMBER:		0001068238-02-000110
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020508
FILED AS OF DATE:		20020509

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NUR MACROPRINTERS LTD
		CENTRAL INDEX KEY:			0000946394
		STANDARD INDUSTRIAL CLASSIFICATION:	PRINTING TRADES MACHINERY & EQUIPMENT [3555]
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-26498
		FILM NUMBER:		02639652

	BUSINESS ADDRESS:	
		STREET 1:		5 DAVID NAVON STREET
		STREET 2:		MOSHAV MAGSHIMIM
		CITY:			PETAH-TIKVA ISRAEL
		STATE:			L3
		BUSINESS PHONE:		01197239087676

	MAIL ADDRESS:	
		STREET 1:		P O BOX 8440
		STREET 2:		MOSHAV MAGSHIMIM
		CITY:			ISRAEL
		STATE:			L3

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NUR ADVANCED TECHNOLOGIES LTD
		DATE OF NAME CHANGE:	19950607
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6knurmac5-08.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD><TITLE>Form 6-K></TITLE>
</HEAD>
<BODY>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>FORM 6-K</FONT></H1><BR>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>SECURITIES
AND EXCHANGE COMMISSION<BR>WASHINGTON, D.C. 20549</FONT></H1>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Report of
Foreign Private Issuer<BR>Pursuant to Rule 12a-16 or 15d-16 of<BR>
the Securities Exchange Act of 1934</FONT></H1>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>May 8,
2002</FONT></H1>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Commission
File No. 0-26498</FONT></H1>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>
<B>NUR MACROPRINTERS LTD.</B></FONT><BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE=3>
(Exact Name of Registrant as specified in its Charter)<BR><BR>

Not Applicable<BR>
(Translation of Registrant's Name into English)</FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
<B>12 Abba Hilel, Silver Street<BR>
Lod<BR>71111 Israel</B><BR>
(Address and principal executive offices)</FONT></P>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Indicate by check mark
whether the registrant files or will file annual reports under cover Form 20-F
or Form 40-F. </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
Form 20-F&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;X&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F&nbsp;&nbsp;<U>
&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Indicate by check mark
whether the registrant by furnishing the information contained in this Form is
also thereby furnishing the information to the Commission pursuant to Rule
12g3-2(b) under the Securities Exchange Act of 1934. </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Yes&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;X&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>If "Yes" is marked, indicate below the file
number assigned to the registrant in connection with Rule 12g3-2(b).</FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attached
hereto and incorporated by reference herein is a press release of the registrant
dated May 8, 2002. </FONT></P>
<BR><BR><BR>


<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>NUR MACROPRINTERS LTD.
ANNOUNCES 2002 FIRST QUARTER RESULTS</FONT></H1>

<HR SIZE=1 NOSHADE WIDTH=15% ALIGN=CENTER>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>First Quarter
Revenues of $21.4 Million; Net Loss of $3.8 million</FONT></H1>

<HR SIZE=1 NOSHADE WIDTH=15% ALIGN=CENTER>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Announce Three-pronged
Growth Renewal Plan</FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>LOD, Israel; May 8, 2002
&#151; NUR Macroprinters Ltd. (NASDAQ: NURM), a world leading manufacturer of
wide-format and superwide digital printing systems and consumables for the
out-of-home advertising market, today announced its consolidated financial
results for the first quarter ended March 31, 2002. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Revenues for the first
quarter of 2002 were $21.4 million compared to $31.4 million during the first
quarter of 2001. Net loss for the first quarter was $(3.8) million, or $(0.23)
per share, as compared to a net loss of $(6.5) million or $(0.45) per share fully
diluted, including one-time inventory write-offs of $4.0 million and $2.5
million of restructuring costs in the comparable quarter last year. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Gross profit for the first
quarter was $5.9 million compared to $9.0 million, including a one-time
inventory write-off of $4.0 million during the first quarter of 2001. Operating
expenses for the first quarter were $9.1 million, compared to $14.5 million,
including $2.5 million of restructuring costs in the comparable quarter last
year. Operating loss for the first quarter was approximately $(3.3) million,
compared to $(5.5) million, including one-time charges, in the first quarter
last year. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Commenting on the results,
Erez Shachar, CEO of NUR Macroprinters, said, &#147;The results of the first
quarter were disappointing, the shortfall in sales has turned into a loss for
the quarter. We believe the Company&#146;s performance in the first quarter of
2002 has been affected by factors such as continued slowdown in capital
equipment investments, a weaker than expected performance in the North American
and Japanese markets, a slow demand of consumables, and delays in purchasing
decisions by our customers in expectation of the International Sign Association
(ISA) show, held during the first week of April in Orlando, Fl.&#148; </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&#147;As a result of the
decreasing sales, we are instituting a major three-pronged growth-renewal
program. First, we are implementing a corporate reorganization creating a more
centralized, functional and cost-effective organization. Second, we are reducing
headcount by sixty positions, or 15%, and implementing salary cuts across the
board. Third, we are rejuvenating and expanding our portfolio of products. We
plan to release new products currently in the pipeline to increase market share
and spur growth.&#148; </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Mr. Shachar continued,
&#147;We are totally committed and determined to this turn-around plan.
Recently, we have re-engineered our leading product the Fresco line of printers,
and now firmly believe that our product lines are highly competitive with those
of our competitors and will regain market share. For example, at the
International Sign Association (ISA) Expo 2002, which we recently attended in
Orlando, our entire product line, especially the Fresco 8-Color model, generated
an enormous amount of interest and enthusiasm. The Fresco 8-Color was hailed by
many as the best model on the market for production wide format printing.&#148; </FONT></P>
<BR>
<BR>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(more)</FONT></P>
<HR SIZE=1>
<BR>

<H2><FONT FACE="Times New Roman, Times, Serif" SIZE=3>NUR Macroprinters Page 2</FONT></H2>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Mr. Shachar concluded,
&#147;We believe that the cumulative effect of all the restructuring and
reorganization efforts of the past twelve months, the dedication and commitment
of the NUR staff, combined with our current highly competitive product
portfolio, positions NUR for an effective recovery. During the first quarter of
2002, we improved our financial position with a $7.0 million private placement
in the Company; this follows the rescheduling of our long-term debt in the
fourth quarter of 2001, which delays most of our principal payments to the end
of 2005.&#148; </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
THE COMPANY WILL HOST A CONFERENCE CALL TO DISCUSS THESE RESULTS
ON WEDNESDAY MAY 8TH, AT 10:00AM, EDT/5:00 PM, ISRAEL TIME.
TO PARTICIPATE, PLEASE CALL; 1-800-233-2795 (U.S. TOLL FREE),
1-800-262-424 (ISRAEL TOLL FREE), 1-785-832-1077 (INTERNATIONAL),
ID CODE: NUR. THE CONFERENCE CALL WILL ALSO BE WEBCAST LIVE AT:
WWW.NUR.COM/INVESTORS, AND WILL BE AVAILABLE FOR REPLAY AT THAT
SITE STARTING 2PM EDT ON THE DAY OF THE CALL, OR BY CALLING
1-800-234-0494 (U.S.) / 1-402-220-2971 (INTERNATIONAL).  THE CALL
WILL ALSO BE AVAILABLE FOR REPLAY IN ISRAEL FOR 72 HOURS
STARTING, WEDNESDAY, MAY 8, AT 19:00, BY CALLING 03-925-5946</FONT></P>

<H2 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>ABOUT NUR
MACROPRINTERS LTD.</FONT></H2>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>NUR Macroprinters (NASDAQ:
NURM) is a global market leader in wide and super wide digital printing
solutions for the out-of-home advertising market. From its photorealistic
printers to its high throughput production presses, NUR&#146;s comprehensive
line of digital printers and consumables address the complete range of wide and
super wide format digital printing requirements. NUR&#146;s fully digital
printing solutions help customers worldwide deliver the high quality and fast
turnaround they need to meet their customers&#146; wide ranging printing
requirements. NUR Macroprinters Ltd. can be found on the Internet at
<U>www.nur.com</U>. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>SAFE HARBOR:<BR>
Certain  statements  made  herein  that  use  the  words   &#147;estimate,&#148;
&#147;project,&#148; &#147;intend,&#148; &#147;expect,&#148; &#147;believe&#148;
and similar  expressions  are  intended to identify  forward-looking  statements
within the  meaning of the  private  securities  litigation  reform act of 1995.
These   forward-looking   statements   involve   known  and  unknown  risks  and
uncertainties  that could cause the actual results,  performance or achievements
of NUR  Macroprinters  Ltd. to be materially  different  from those which may be
expressed or implied by such  statements,  including,  among others,  changes in
general economic and business conditions and specifically, decline in demand for
NUR Macroprinters Ltd&#146;s products, inability to timely develop and introduce
new  technologies,  products  and  applications  and loss of  market  share  and
pressure  on prices  resulting  from  competition.  For  additional  information
regarding  these  and  other  risks  and   uncertainties   associated  with  the
Company&#146;s  business,  reference  is made to NUR  Macroprinters  Ltd.&#145;s
reports  filed from time to time with the  Securities  and Exchange  Commission.
This    press    release    is    available    at     <U>www.nur.com</U>     and
<U>www.portfoliopr.com/</U></FONT></P>

<BR>
<BR>
<BR>
<PAGE>
<HR SIZE=1>
<BR>

<PRE>
NUR MACROPRINTERS LTD.
Condensed Balance Sheets, U.S. $ in
thousands
                                          3/31/02        12/31/01
Current Assets:
Cash and cash equivalents                $ 17,435        $ 12,486
Accounts receivable - trade                33,421          36,262
Other receivables and prepaid
expenses                                    6,388           6,783
Inventories                                24,441          24,998

Total Current Assets                       81,685          80,529

Investments and other non-current
assets
Long-term accounts receivables -
trade                                       2,060           2,674
Investments and other non-current
assets                                      1,191           1,137
Severance pay funds                           731             751
                                            3,982           4,562

Property and Equipment, net                12,853          12,578

Other assets, net                          13,253          13,739

Total assets                              111,773         111,408
Liabilities and Shareholders' Equity
Current Liabilities:
Short - term bank credit                    6,923           5,061
Current maturities of long - term
loans                                       2,094           2,057
Trade payables                             16,134          19,667
Accrued expenses and other
liabilities                                10,527          10,465
Advances from customers                       344             433
Total Current Liabilities                  36,022          37,683
Long - Term Liabilities:
Long - Term loans                          31,213          32,720
Accrued severance pay                         950           1,008
                                           32,163          32,728
Shareholders' Equity:
Share capital                               4,186           3,674
Capital surplus                            45,616          39,493
Cumulative translation adjustment           (981)           (782)
Accumulated Earnings (Deficit)            (5,233)         (1,388)
Total Shareholders' Equity                 43,588          40,997
Total Liabilities and Shareholders'
Equity                                    111,773         111,408

NUR MACROPRINTERS LTD.
Consolidated Statements Of
Operations
U.S. $ in thousands, except per
share data

<BR>
<BR>
<PAGE>
<HR SIZE=1>
<BR>




                                               Three months ended
                                         3/31/02       3/31/01       3/31/01
                                           As            As         Pro forma
                                       reported    reported(1)
Revenues
Sales of printers and related
products                               $ 21,386       $ 31,443      $ 31,443
                                         21,386         31,443        31,443
Cost of revenues
Cost of sales of printers and
related products                         15,493         18,419        18,419
One time inventory write-offs                --          3,989            --
                                         15,493         22,408        18,419

Gross profit                              5,893          9,035        13,024
                                         27.56%         28.73%        41.42%
Research &amp; Development expenses           2,431          3,078         3,078
Less-Grants                               (353)              0             0
Research &amp; Development expenses,
net                                       2,078          3,078         3,078

Selling expenses, net                     3,540          4,647         4,647
General and administrative
expenses                                  3,055          3,544         3,544

Amortization of goodwill and
other
intangible assets                           486            726           726

Restructuring and other one
time expenses                                 0          2,543             0
                                          7,081         11,460         8,917

Operating income (loss)                 (3,266)        (5,503)         1,029

Financial expenses net                    (490)        (1,013)       (1,013)
Other expense net                          (89)              0             0

Income (loss) before taxes on
income
and equity losses                       (3,845)        (6,516)            16

Taxes on income                               0              0             0
Equity in profits (losses) of
affiliates, net of taxes                      0           (59)          (59)

Net loss for the period                $(3,845)       $(6,575)         $(43)
                                        -17.98%        -20.91%        -0.14%

Loss per share                          $(0.23)        $(0.45)       $(0.00)
Loss per share                          $(0.23)        $(0.45)       $(0.00)
Weighted average number of shares
outstanding during the period        16,698,920     14,562,674    14,562,674
Weighted average number of shares
outstanding during the period
used
for diluted loss per share           16,698,920     14,562,674    14,562,674

(1) Excluding one time inventory write-offs of $4 million and
$2.5 million of restructuring and other one time expenses
</PRE>

<BR>
<BR>
<HR SIZE=1>
<BR>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>SIGNATURES</FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized. </FONT></P>


<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
<TD WIDTH=20%><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>NUR MACROPRINTERS LTD</B></FONT></TD>
</TR>
</TABLE>
<BR>
<BR>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Date: May 9, 2002</FONT></TD>
<TD WIDTH=20%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>By:<U>&nbsp;&nbsp;/s/ EREZ SHACHAR
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Erez Shachar<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer
</FONT></TD>
</TR>
</TABLE>
<BR>



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