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Kornit Digital Releases 2017 Third-Quarter Results

Kornit Digital reports its earnings for the third quarter of 2017, ended Sept. 30, 2017. 

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ROSH-HA`AYIN, Israel-Kornit Digital reports its earnings for the third quarter of 2017, ended Sept. 30, 2017. The report comes after a preliminary set of results released in late September.

The report cites the following figures for the quarter:

  • GAAP revenues of $28.5 million
  • Non-GAAP revenues of $28.6 million, compared to $30.9 million in third-quarter 2016
  • GAAP operating loss of $0.2 million, compared to $0.7 million in third-quarter 2016
  • Non-GAAP operating profit of $1.7 million, compared to $3.9 million in the prior year

The company says it made strides during the third-quarter, with showcasing its technology at various industry events. Gabi Seligsohn, CEO, says Kornit notes an “uptick” in the interest of screen printers responding to customers’ requests for small-batch capabilities.

“This is encouraging to the long-term adoption rate of our highest throughput systems,” adds Seligsohn.

Seligsohn also points out that despite impacts on overall sales by a recent customer delay, Kornit expects continued growth further into 2018.

Kornit offers a full recap of the report via a toll-free call-in number, as well as a replay on the company’s investor website.

For more information, visit https://www.kornit.com/.

 

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Mike Clark

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