Kornit Digital (KRNT) Tops Q2 EPS by 3c

Kornit Digital (NASDAQ: KRNT) reported Q2 EPS of $0.07, $0.03 better than the analyst estimate of $0.04. Revenue for the quarter came in at $21.3 million versus the consensus estimate of $21.42 million.

Gabi Seligsohn, Kornit Digital's Chief Executive Officer commented, "During the second quarter we achieved two major product milestones. A major customer placed a third order for our roll-to-roll printer, the Allegro, after operating in full scale production for several months with two units. Allegro leverages our disruptive technology by utilizing Kornit's superior ink technology into a complete single-step print line, with an ability to print on almost any type of fabric. We also successfully launched the next generation of ink, the Neopigment Pure, with several key customers already transitioning production. These two milestones are a clear testament to how well our products are developed and brought to market."

The Company will discuss the details of its guidance live during its earnings conference call, which will be available for replay via webcast at ir.kornit.com.

For earnings history and earnings-related data on Kornit Digital (KRNT) click here.

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