UPDATE: Goldman Sachs Upgrades Kornit Digital Ltd. (KRNT) to Buy

Go back to UPDATE: Goldman Sachs Upgrades Kornit Digital Ltd. (KRNT) to Buy

Kornit Digital Reports Fourth Quarter and Full-Year 2020 Results

February 16, 2021 4:05 PM EST

Record Quarter with 49% Year-Over-Year Growth and Accelerating Momentum

Record $34.3 million net cash from operations

Fourth quarter revenue grew 49% year-over-year to $72.3 million, net of non-cash warrants impact of $1.8 millionFourth quarter GAAP operating profit of $9.0 million; Non-GAAP operating profit of $11.8 million, net of $1.8 million attributed to the non-cash impact of warrantsRevenue growth, profitability and cash from operations significantly exceed expectationsRecord growth in recurring consumables business, and services... More