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First quarter 2020 performance reflects immediate short-term impact of COVID-19.
May 25, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
Kornit Digital Ltd. reported results for the first quarter ended March 31, 2020. Total revenue for the first quarter of 2020 decreased to $26.2 million, net of $0.6 million attributed to the non-cash impact of warrants, compared to $ 38.6 million, net of $0.6 million attributed to the non-cash impact of warrants in the prior year period. GAAP net loss for the first quarter of 2020 was $10.1 million, or $0.25 per diluted share, compared to net loss of $1.2 million, or $0.03 per diluted share, ...
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