Kornit Digital: Fourth Quarter Financial Overview

Kornit Digital Announces Fourth-Quarter Financial Results

Kornit Digital Ltd., headquartered in Rosh-Haayin, Israel, reported a net income of $1.7 million for the fourth quarter.

The company achieved earnings of 3 cents per share, while adjusted earnings—excluding stock-based compensation and restructuring charges—reached 18 cents per share.

These results surpassed analysts’ expectations, as the consensus from three Zacks Investment Research analysts had projected earnings of 14 cents per share.

During the quarter, Kornit Digital generated $58.9 million in revenue.

Looking at the full year, the company recorded a net loss of $13.5 million, or 30 cents per share, with annual revenue totaling $208.2 million.

For the first quarter ending in March, Kornit Digital anticipates revenue to fall between $45 million and $49 million.