Kornit Digital Reports First Quarter 2021 Results
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Kornit Digital (KRNT) Tops Q1 EPS by 3c, Revenues Beat
May 11, 2021 7:08 AM EDTKornit Digital (NASDAQ: KRNT) reported Q1 EPS of $0.16, $0.03 better than the analyst estimate of $0.13. Revenue for the quarter came in at $66.1 million versus the consensus estimate of $62.82 million.
First quarter revenue grew 152% year-over-year to $66.1 million, net of non-cash warrants impact of $3.1 millionFirst quarter GAAP operating profit of $3.1 million; non-GAAP operating profit of $6.5 million, in each case net of $3.1 million attributed to the non-cash impact of warrantsRevenue growth and profitability significantly exceeded expectationsExecuting on major global expansion... More