Industry News, Ink Manufacturers News, Printers News

Kornit Digital Reports Record 3Q 2021 Results

Revenue up 51% year-over-year to $86.7 million, with record revenues across all regions.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Kornit Digital Ltd. reported results for the third quarter ended Sept. 30, 2021. Total revenue for the third quarter of 2021 was $86.7 million, net of $7.9 million attributed to the non-cash impact of warrants, compared to $57.4 million, net of $2.2 million attributed to the non-cash impact of warrants in the prior year period. GAAP net income for the third quarter of 2021 was $3.9 million, or $0.08 per diluted share, com-pared to $3.9 million, or $0.09 per share, for the third quarter of 2020...

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