Kornit Digital Third Quarter 2022 Earnings: Misses Expectations
Kornit Digital (NASDAQ:KRNT) Third Quarter 2022 Results
Key Financial Results
Revenue: US$66.8m (down 23% from 3Q 2021).
Net loss: US$19.0m (down from US$3.87m profit in 3Q 2021).
US$0.38 loss per share (down from US$0.084 profit in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Kornit Digital Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 54%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company's shares are up 22% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Kornit Digital that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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