Kornit Digital Reports Third Quarter 2019 Results
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Kornit Digital (KRNT) Misses Q3 EPS by 9c, Revenues Miss
November 18, 2019 4:07 PM ESTKornit Digital (NASDAQ: KRNT) reported Q3 EPS of $0.09, $0.09 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $44.6 million versus the consensus estimate of $49.07 million.
Highlights
Third quarter revenue of $44.6 million, net of $5.1 million attributed to the non-cash impact of warrants, compared to $37.6 million, net of $1.7 million attributed to the non-cash impact of warrants in the prior year period.Significantly higher year-over-year warrants impact as a result of growth in business with a... More