Kornit Digital Reports First Quarter 2019 Results
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Kornit Digital Ltd. (KRNT) PT Raised to $32 at Needham & Company
May 14, 2019 8:19 AM EDTNeedham & Company analyst James Ricchiuti raised the price target on Kornit Digital Ltd. (NASDAQ: KRNT) to $32.00 (from $30.00) while maintaining a Buy rating following the company's 1Q earnings release. Revenue increased 23% y/o/y to $38.2M, vs. guidance of $36.5M-$39.5M and the... More
Kornit Digital (KRNT) Misses Q1 EPS by 3c
May 13, 2019 4:11 PM EDTKornit Digital (NASDAQ: KRNT) reported Q1 EPS of $0.03, $0.03 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $38.16 million versus the consensus estimate of $38.14 million.
Strong first quarter revenue of $38.2 million, up 22.6% net of $1.0 million attributed to the non-cash impact of warrants, compared to $31.1 million net of $42 thousand attributed to the non-cash impact of warrants in the prior year period.First quarter 2019 GAAP net operating loss of $1.5 million; Non-GAAP operating profit of $1.6 million net of $1.0 million attributed to the non-cash impact of warrants, or 4.2% net of 242 basis points... More