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Stock impact report

Kornit Digital: Upgrading On Expected Return To Growth And Profitability Next Year [Seeking Alpha]

Kornit Digital Ltd. - Ordinary Shares (KRNT) 
Last kornit digital ltd. - ordinary shares earnings: 2/11 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.kornit.com
Company Research Source: Seeking Alpha
sergeyryzhovNote:I have covered Kornit Digital Ltd. (NASDAQ:KRNTearlier articleson the company.Earlier this month, shares of leading digital textile printing solutions provider Kornit Digital Ltd. or "Kornit" sold off by morethan 20% after the companyreportedQ2/2023 results within the range provided by management in theQ1 earnings releasebut guided Q3 well below consensus expectations:Company Press ReleasesOn theconference callSystem sales volumes remained soft during the quarter, mainly due to continued challenges in capital equipment spending. And as our customized design customers continue to work through excess capacity. While we anticipate the prevailing softness in system sales volumes to continue in the short term, we have implementedstrategic measures to attract new customers including brands, retailers, and digital platforms.The lower system sales contribution continues to impact gross margins.While substantially improved from multi-year lows recorded in the first quarter, ma Show less Read more
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