Kornit Digital Reports First Quarter 2024 Results
Kornit Digital Ltd. - Ordinary Shares (KRNT)
Last kornit digital ltd. - ordinary shares earnings: 2/11 04:05 pm
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US:NASDAQ Investor Relations:
ir.kornit.com
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Source: GlobeNewswire
First quarter revenues of $43.8 million, in line with previous guidanceFirst quarter GAAP net loss of $13.2 million; non-GAAP net loss of $5.3 millionGenerated positive cash flow from operations for the first quarter of 2024Successfully concluded Apollo beta with all three customers and built a healthy pipelineSignificant interest from new and existing customers on the all-inclusive click (“AIC”) model ROSH-HA`AYIN, Israel, May 08, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or the “Company”) (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, reported today its results for the first quarter ended March 31, 2024. “Despite enduring macroeconomic challenges, we saw success with the strategic initiatives we implemented in Q4 and early this quarter.” said Ronen Samuel, Kornit’s Chief Executive Officer. Mr. Samuel continued, “Our pipeline for the Apollo has already been filled for 2024 by customers addres
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News
- Kornit Digital Ltd. (NASDAQ: KRNT) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $27.00 price target on the stock.MarketBeat
- Kornit Digital Ltd. (NASDAQ:KRNT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Kornit Digital Ltd. (NASDAQ: KRNT) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Kornit Digital Ltd. (NASDAQ: KRNT) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Kornit Digital Ltd. (NASDAQ: KRNT) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
KRNT
Earnings
- 5/8/24 - Beat
KRNT
Sec Filings
- 5/8/24 - Form 6-K
- 3/28/24 - Form 20-F
- 3/4/24 - Form SC
- KRNT's page on the SEC website