KRNT - Kornit Digital dives after swinging to Q1 loss issuing downside Q2 guidance

Kornit Digital (NASDAQ:KRNT) -31.9% in Wednesday's trading after reporting better than expected Q1 adjusted earnings and revenues but swinging to a GAAP net loss and guiding Q2 revenues below consensus. Q1 GAAP net loss totaled $5.2M, or $0.10/share, compared to net income of $5.1M, or $0.11/share, in the year-earlier quarter, while revenues rose to $83.3M, net of $8M attributed to the non-cash impact of warrants, from $66.1M, net of $3.1M attributed to the non-cash impact of warrants in the prior-year period. Kornit Digital (KRNT) issues guidance for Q2 revenues of $85M-$95M, below $105.1M analyst consensus estimate, with EBITDA margin of 0%-4%. The company expects revenues in Q3 and Q4 to come in stronger than Q2, and anticipates higher operating margins in H2, with operating margins in the low-to-mid-teens. "While we are certainly not immune to overall macro-economic headwinds and near-term volatility, which we see impacting our second quarter growth, we

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Kornit Digital dives after swinging to Q1 loss, issuing downside Q2 guidance