Kornit Digital (KRNT) has released an update.
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Kornit Digital, a leader in digital fashion and textile production technologies, reported second-quarter 2024 revenues of $48.6 million, aligning with prior guidance, but a GAAP net loss of $4.9 million alongside a non-GAAP net income of $1.1 million. The company experienced a positive shift with year-over-year growth in impressions and consumables, and strong interest in its Apollo system and all-inclusive click program. Looking forward, Kornit anticipates third-quarter revenues between $48 million and $52 million with an adjusted EBITDA margin of 1% to 6%.
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