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Second quarter revenue was $48.6 million, in line with previous guidance, and generated positive cash flow from operations.
August 7, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
Kornit Digital Ltd. reported results for the second quarter ended June 30, 2024. Total revenue for the second quarter of 2024 was $48.6 million compared with $56.2 million in the prior year period, due primarily to lower systems revenues. GAAP gross profit margin for the second quarter of 2024 was 45.8% compared with 33.3% in the prior year period. On a non-GAAP basis, gross profit margin was 48.6% compared with 36.1% in the prior year period. GAAP net loss for the second quarter of 2024 w...
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