KRNT - Scaling Into Kornit Digital After 50% Setback From Recent Highs
- Leader in digital textile printing solutions reported better-than-expected Q4 results and guided Q1/FY2022 revenues above expectations as business momentum remains strong.
- Discussing the impact of warrants issued to key customer Amazon in 2016 and 2020.
- Adjusted gross margin of 53.8% reached a new multi-year high despite ongoing supply chain and logistics challenges.
- Ongoing growth investments have put some pressure on operating margins but management projects strong improvement for the second half.
- Following the 50% setback from recent highs, investors should consider scaling into the shares on further weakness.
For further details see:
Scaling Into Kornit Digital After 50% Setback From Recent Highs