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Third quarter revenues of $59.2 million are in line with previous guidance.
November 9, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
Kornit Digital Ltd. reported its results for the third quarter ended Sept. 30, 2023. Total revenue for the third quarter of 2023 was $59.2 million compared with $66.8 million in the prior year period, due primarily to lower systems revenues. GAAP gross profit margin for the third quarter of 2023 was 34.8% compared with 32.1% in the prior year period. On a non-GAAP basis, gross profit margin was 37.4% compared with 35.5% in the prior year period. GAAP net loss for the third quarter of 2023 ...
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