Kornit Digital (KRNT) Misses Q4 EPS by 4c, Revenues Miss
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Kornit Digital Reports 2018 Fourth Quarter and Full Year Results
February 12, 2019 4:06 PM ESTHighlights
Fourth quarter 2018 revenues increased by 26.2% to $37.8 million.Full year revenues growth of 24.8% to a record $142.4 million, fueled by strong demand for Kornits HD portfolio of solutions.Successful business and organizational transformation in North America.Continued business momentum in EMEA, driven by shift to industrial systems, leading to a 42.7% year-over-year growth in revenues.Full year services revenues grew by 37.2% to $16.6 million. Fourth quarter 2018 GAAP operating profit increased by $1.4 million; Non-GAAP operating profit increased by $1.8 million, or 160.0% year-over-year.Fourth quarter 2018 GAAP net income of... More