Kornit Digital Reports First Quarter 2020 Results
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Kornit Digital (KRNT) Misses Q1 EPS by 13c
May 19, 2020 4:08 PM EDTKornit Digital (NASDAQ: KRNT) reported Q1 EPS of ($0.22), $0.13 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $26.2 million versus the consensus estimate of $26.92 million.
First quarter revenue of $26.2 million, net of non-cash warrants impact of $0.6 millionFirst quarter 2020 GAAP operating loss of $13.0 million; Non-GAAP operating loss of $10.5 million, including $0.6 million attributed to the non-cash impact of warrantsFirst quarter 2020 performance reflects immediate short-term impact of COVID-19High... More