Reports Q1 revenue $43.8M, consensus $45.17M. “Despite enduring macroeconomic challenges, we saw success with the strategic initiatives we implemented in Q4 and early this quarter.” said Ronen Samuel, Kornit’s Chief Executive Officer. Mr. Samuel continued, “Our pipeline for the Apollo has already been filled for 2024 by customers addressing both existing and target markets, and we are now building our pipeline for 2025. Additionally, in the first quarter of the AIC pilot on Apollo, the model generated highly positive feedback and drove multiple orders.”
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KRNT:
- Kornit Digital Sets First Quarter 2024 Earnings Release Date and Webcast
- Kornit Digital Announces Filing and Availability of Its Annual Report on Form 20-F
- Kornit Digital Reveals New Opportunities for Brands and Retailers, Sportswear, Home Décor, and Screen Printers with Robust Showcase at FESPA Digital Print Expo 2024