Kornit Digital: Q4 Earnings Snapshot

ROSH-HAAYIN, Israel (AP) — ROSH-HAAYIN, Israel (AP) — Kornit Digital Ltd. (KRNT) on Wednesday reported a fourth-quarter loss of $35.4 million, after reporting a profit in the same period a year earlier.

The Rosh-Haayin, Israel-based company said it had a loss of 71 cents per share. Losses, adjusted for pretax expenses and stock option expense, were 13 cents per share.

The digital textile printer posted revenue of $63.3 million in the period.

For the year, the company reported a loss of $79.1 million, or $1.58 per share, swinging to a loss in the period. Revenue was reported as $271.5 million.

For the current quarter ending in March, Kornit Digital said it expects revenue in the range of $47 million to $52 million.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KRNT at https://www.zacks.com/ap/KRNT

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up