Kornit Digital Reports Third Quarter 2024 Results
Kornit Digital Ltd. - Ordinary Shares (KRNT)
Last kornit digital ltd. - ordinary shares earnings: 2/11 04:05 pm
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US:NASDAQ Investor Relations:
ir.kornit.com
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Source: GlobeNewswire
Third quarter revenues of $50.7 million, in line with previous guidanceThird quarter GAAP net loss of $0.9 million; non-GAAP net income of $5.5 millionContinued positive cash generation from operationsSignificant year-over-year improvement in non-GAAP gross margin and return to adjusted EBITDA profitabilityIndustry-leading platforms, Apollo and Atlas MAX, continue to gain adoption among screen-replacement customers, driven by the new AIC model ROSH-HA`AYIN, Israel, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or the “Company”) (Nasdaq: KRNT), a global leader in sustainable, on-demand, digital fashion and textile production technologies, today reported results for the third quarter ended September 30, 2024. “I am very pleased with the operational progress we achieved this quarter. We delivered gross margin expansion, returned to adjusted EBITDA profitability, and maintained positive cash generation as planned,” said Ronen Samuel, Kornit’s Chief Execut
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News
- 500 LEVEL Poised for Breakthrough Growth in Professional Sports Apparel with Kornit Digital's On-Demand Solutions [Yahoo! Finance]Yahoo! Finance
- 500 LEVEL Poised for Breakthrough Growth in Professional Sports Apparel with Kornit Digital’s On-Demand SolutionsGlobeNewswire
- Kornit Digital Ltd. (NASDAQ: KRNT) had its price target raised by analysts at Morgan Stanley from $33.00 to $38.00. They now have an "overweight" rating on the stock.MarketBeat
- Kornit Digital Ltd. (NASDAQ: KRNT) is now covered by analysts at Cantor Fitzgerald. They set an "overweight" rating and a $39.00 price target on the stock.MarketBeat
- Kornit Digital (KRNT) is a Great Momentum Stock: Should You Buy? [Yahoo! Finance]Yahoo! Finance
KRNT
Earnings
- 11/6/24 - Beat
KRNT
Sec Filings
- 12/19/24 - Form 6-K
- 12/16/24 - Form 144
- 11/15/24 - Form 144
- KRNT's page on the SEC website