Kornit Digital (KRNT) Tops Q4 EPS by 1c

Kornit Digital (NASDAQ: KRNT) reported Q4 EPS of $0.10, $0.01 better than the analyst estimate of $0.09. Revenue for the quarter came in at $25.5 million versus the consensus estimate of $25.86 million.

Gabi Seligsohn, Kornit Digital’s Chief Executive Officer commented, “We are pleased to report a strong finish to our first year as a public company, and are proud of the milestones we have achieved throughout the year. Notably, operating margin improved 350 basis points over the prior-year, despite increased investment in our global infrastructure and R&D, and the addition of almost 100 full-time employees during the year, bringing our total end of year headcount to 343. We expect that these investments should enable the Company to capitalize on its market leading DTG position, and support the ongoing rollout of the Allegro, the industry’s first single-step roll-to-roll solution.”

Mr. Seligsohn continued, “We head into 2016 with strong momentum, which is supported by growing market penetration of the Allegro, the planned launch of the Vulcan, and an aggressive product roadmap with several product enhancements to our existing DTG portfolio.”

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

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