$KRNT beat and raise
Kornit Digital beats by $0.05, beats on revs; guides Q1 revs above consensus (98.31)
Reports Q4 (Dec) earnings of $0.29 per share, excluding non-recurring items (warrants), $0.05 better than the S&P Capital IQ Consensus of $0.24; revenues rose 28.7% year/year to $95.4 mln vs the $89.99 mln S&P Capital IQ Consensus.
Co issues upside guidance for Q1, sees Q1 revs of $87-91 mln vs. $86.23 mln S&P Capital IQ Consensus. Co sees non-GAAP operating income to be in the range of 7% to 9% of revenue, and EBITDA
Margins to be in the range of 9% to 11%. Consistent with past practice, this guidance excludes the impact of the fair value of issued warrants in the quarter.
Mr. Samuel added, "We enter 2022 for what will be one of the busiest and most exciting years in the history of Kornit; a year with strong growth and a remarkable pipeline of ground-breaking new product introductions, starting already in the first quarter. We have never been in a better position as a company and we are extremely confident in our ability to meet our $1B revenue goal by 2026, if not before."
