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.
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