Kornit Digital Reports Second Quarter 2019 Results
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Kornit Digital (KRNT) Misses Q2 EPS by 5c, Revenues Miss
August 6, 2019 5:54 PM EDTKornit Digital (NASDAQ: KRNT) reported Q2 EPS of $0.08, $0.05 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $43.9 million versus the consensus estimate of $46.04 million.
Highlights
Strong second quarter revenue of $43.9 million, up 22.3% net of $2.4 million attributed to the non-cash impact of warrants, compared to $35.9 million net of $1.5 million attributed to the non-cash impact of warrants in the prior year period.Second quarter 2019 GAAP operating loss of $0.2 million; Non-GAAP operating income of $2.7 million net of $2.4 million attributed to the non-cash impact of... More