Kornit Digital Posts Wider Loss In Q1
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Kornit Digital (KRNT) reported a Q1 GAAP net loss of $8.2 million ($0.19 per share), widening from a loss of $5.1 million ($0.11 per share) a year earlier. Non-GAAP net loss was $0.4 million ($0.01 per share), down from a profit of $0.6 million. Revenue rose to $48.5 million from $46.5 million. The company expects Q2 revenues between $51 million and $55 million. Shares increased by 1.43% to $16.31 in pre-market trading.
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