KRNT - Kornit Digital Non-GAAP EPS of -$0.15 beats by $0.06 revenue of $56.2M misses by $0.55M
2023-08-09 07:01:11 ET
- Kornit Digital press release ( NASDAQ: KRNT ): Q2 Non-GAAP EPS of -$0.15 beats by $0.06 .
- Revenue of $56.2M (-3.3% Y/Y) misses by $0.55M .
- Total revenue for the second quarter of 2023 was $56.2 million compared with $58.1 million in the prior year period, due primarily to lower systems revenues.
- For the third quarter of 2023, the Company expects revenues to be in the range of $58 million to $62 million and adjusted EBITDA margin between -6% to -13% of revenue. The guidance for revenue and adjusted EBITDA margin includes the impact of the non-cash expense associated with the fair value of the Company’s warrants.
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Kornit Digital Non-GAAP EPS of -$0.15 beats by $0.06, revenue of $56.2M misses by $0.55M