Kornit Digital: Strong Margin Improvements But Muted Near-Term Growth Prospects [Seeking Alpha]
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: Seeking Alpha
On the flip side, healthy demand for consumables and ongoing cost-cutting efforts resulted in non-GAAP gross margins reaching new two-year highs: In combination with non-GAAP operating expenses dropping to new multi-year lows and a sizeable reduction in inventories, Kornit managed to generate $2.6 million in cash flow from operations in Q4. During the quarter, the company repurchased another 1.1 million shares for $19.0 million, thus resulting in the company's cash position decreasing by $12.9 million sequentially. The remaining balance under Kornit's $75 million share repurchase program calculates to approximately $19.2 million. On the conference call , management stated its intent to continue share repurchases in the current quarter. Unfortunately, business headwinds are expected to persist for the time being, thus resulting in only modest growth expectations for this year and the decision to double down on cost savings initiatives: In the fourth quarter, we took decisive a
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KRNT
News
- 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
- Kornit Digital Sets First Quarter 2024 Earnings Release Date and Webcast [Yahoo! Finance]Yahoo! Finance
- Kornit Digital Sets First Quarter 2024 Earnings Release Date and WebcastGlobeNewswire
KRNT
Earnings
- 2/14/24 - Beat
KRNT
Sec Filings
- 3/28/24 - Form 20-F
- 3/4/24 - Form SC
- 2/14/24 - Form 6-K
- KRNT's page on the SEC website