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Second quarter revenues were $56.2 million, in line with previous guidance, with double-digit year-over-year consumables growth across all regions.
August 11, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
Kornit Digital Ltd. reported its results for the second quarter ended June 30, 2023. Total revenue for the second quarter of 2023 was $56.2 million compared with $58.1 million in the prior year period, due primarily to lower systems revenues. GAAP gross profit margin for the second quarter of 2023 was 33.3% compared with 35.3% in the prior year period. On a non-GAAP basis, gross profit margin was 36.1% compared with 38.6% in the prior year period. GAAP operating expenses for the second qua...
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