KRNT - Kornit Digital jumps 11% post Q3 earnings beat; expects +25% growth in 2H

Kornit Digital ([[KRNT]] +11.6%) revenue growth and overall business performance exceeded previous expectations; Q3 revenue increased 21.4% Y/Y to $57.39M, net of $2.2M in warrants related to a global strategic account.Services revenue was $8.1M net of $165,000 warrants impact, accounting for 14.1% of total revenues an increase of 103.7% Y/Y.Q3 Gross margin expanded by 12 bps to 47.1%; and operating margin declined by 397 bps to 4.6%. Adj. gross margin was 48.1% up by 40 bps.Adj. EBITDA was $9.4M compared to $13.1M a year ago.Net cash provided by operating activities was $20.39M for the quarter, compared to cash used 8k a year ago.Company says customers and partners are ramping production not only to meet the upcoming holiday season but also the unprecedented and sustained demand in e-commerce.Company increased the outlook for the second half of the year from low double-digit year-over-year revenue growth to 25% year-over-year growth."Extensive comparisons make Kornit Digital a better choice at

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Kornit Digital jumps 11% post Q3 earnings beat; expects +25% growth in 2H