Kornit Digital Reports Second Quarter 2020 Results
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Kornit Digital (KRNT) Tops Q2 EPS by 4c, Revenues Beat
August 11, 2020 4:23 PM EDTKornit Digital (NASDAQ: KRNT) reported Q2 EPS of ($0.03), $0.04 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $37.4 million versus the consensus estimate of $33.18 million.
Second quarter revenue of $37.4 million, net of non-cash warrants impact of $0.8 millionSecond quarter GAAP operating loss of $5.3 million; Non-GAAP operating loss of $2.5 million, including $0.8 million attributed to the non-cash impact of warrantsInflection in online channels, acceleration of digital transformation in textile industry drives strong performance... More