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First quarter revenues were $83.3 million, net of non-cash warrants impact of $8 million; up 26% year-over-year.
May 12, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
Kornit Digital Ltd. reported results for the first quarter ended March 31, 2022. Total revenue for the first quarter of 2022 was $83.3 million, net of $8 million attributed to the non-cash impact of warrants, compared to $66.1 million, net of $3.1 million attributed to the non-cash impact of warrants in the prior year period. GAAP net loss for the first quarter of 2022 was $5.2 million, or $0.10 per basic share, compared to net income of $5.1 million, or $0.11 per share, for the first quar...
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