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The maker of textile printers just tossed its prior guidance out the window.
Kornit (NASDAQ: KRNT) appeared to be perfectly set up for the times but the times changed too quickly and that story is played. The company manufactures, markets, and services a range of digital printing applications for the textile and packaging industry.
KRNT stock is down after Kornit Digital execs slashed Q2 sales guidance. Here's what that means for the broader e-commerce sector.
In a sign of continuing worries about e-commerce activity, Kornit Digital Ltd. slashed its forecast for the second quarter Tuesday and suggested the third quarter isn't expected to be much better, sending shares into a spiral in after-hours trading.
Kornit Digital Ltd (NASDAQ: KRNT) reported preliminary results for the Q2 that ended June 30, 2022. It expects revenues of $56.4 million to $59.4 million (versus a consensus of $91.41 million), net of a non-cash warrant impact of ~$4.6 million.
ROSH-HA`AYIN, Israel, June 01, 2022 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (NASDAQ: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionx and textile production technologies, announced today that management will participate in a fireside chat discussion and conduct one-on-one meetings at the following conferences:
Scaling Into Kornit Digital After 50% Setback From Recent Highs
Kornit Digital Ltd.'s (KRNT) CEO Ronen Samuel on Q4 2021 Results - Earnings Call Transcript
Kornit Digital (KRNT) delivered earnings and revenue surprises of -48% and 3.86%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
Kornit Digital (KRNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.