Kornit Digital Ltd. (KRNT) has released an update.
Kornit Digital Ltd. reported its Q1 2024 results with revenues of $43.8 million, a GAAP net loss of $13.2 million, and a non-GAAP net loss of $5.3 million, but experienced positive cash flow from operations. Despite a challenging macroeconomic environment, the company’s strategic initiatives, including the Apollo beta program, have been met with significant interest and positive feedback, leading to a full pipeline for 2024 and orders for the all-inclusive click model. Looking forward, Kornit is focused on advancing its vision for sustainable, on-demand digital production on a global scale.
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