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Kornit Digital Reports 3Q 2020 Results

Revenue growth and overall business performance exceed previous expectations.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Kornit Digital Ltd. reported results for the third quarter ended Sept. 30, 2020. Total revenue for the third quarter of 2020 was $57.4 million, net of $2.2 million attributed to the non-cash impact of warrants, compared to $47.3 million, net of $2.4 million attributed to the non-cash impact of warrants in the prior year period. GAAP net income for the third quarter of 2020 was $3.9 million, or $0.09 per diluted share, compared to net income of $4.7 million, or $0.11 per diluted share, for the ...

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