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First quarter revenues were $43.8 million, in line with previous guidance; generated positive cash flow from operations for 1Q 2024.
May 10, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
Kornit Digital Ltd. reported its results for the first quarter ended March 31, 2024. Total revenue for the first quarter of 2024 was $43.8 million compared with $47.8 million in the prior year period, due primarily to lower systems revenues. GAAP gross profit margin for the first quarter of 2024 was 32.3% compared with 27.4% in the prior year period. On a non-GAAP basis, gross profit margin was 37.5% compared with 30.2% in the prior year period. “Despite enduring macroeconomic challenges, ...
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