Kornit Digital (KRNT) Misses Q1 EPS by 1c, Miss on Revenues

Kornit Digital (NASDAQ: KRNT) reported Q1 EPS of $0.02, $0.01 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $28 million versus the consensus estimate of $28.99 million.

Kornit Digital Reports 2017 First Quarter Results

Highlights

• GAAP first quarter 2017 sales of $27.1 million, net of the fair value of the warrants associated with revenues recognized from Amazon.
• Non-GAAP first quarter 2017 sales of $28.0 million, an increase of 28.4% over the prior-year.
• First quarter 2017 GAAP operating loss of $1.3 million, compared to an operating loss of $0.2 million in the prior-year.
• First quarter non-GAAP operating profit of $1 million, compared to $0.7 million in the prior-year.
• First quarter GAAP net loss of $1.7 million, or $0.05 per diluted share; non-GAAP net income of $0.6 million, or $0.02 per diluted share.
• Company launched Avalanche upgrade kits and attended multiple trade shows during the period.

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

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