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The company is withdrawing first quarter 2020 guidance.
March 30, 2020
By: Anthony Locicero
Copy editor, New York Post
Kornit Digital Ltd. provided an update in response to the impact of the coronavirus pandemic (COVID-19) on its business and operations. Due to the rapidly evolving global impact of COVID-19, the company is withdrawing first quarter 2020 guidance and currently expects first quarter 2020 revenues will be approximately 35-45% below the $47 million low-end of its prior revenue guidance. Prior guidance, which was provided on Feb. 11, 2020, encompassed only the expected impact of COVID-19 in China a...
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