Kornit Digital Ltd
NASDAQ:KRNT

  • LAST PRICE
    15.1600
  • TODAY'S CHANGE (%)
    -0.1800 (-1.1734%)
  • Bid / Lots
    14.7500/ 1
  • Ask / Lots
    15.5700/ 1
  • Open / Previous Close
    15.3900 / 15.3400
  • Day Range
    15.0600
    15.4200
  • 52 Week Range
    13.2900
    31.9400
  • Volume
    183,554

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  • May 9, 2024

  • May 8, 2024

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    • 7:38AM ET on Wednesday May 08, 2024 by MT Newswires
      Companies Mentioned: KRNT
      07:38 AM EDT, 05/08/2024 (MT Newswires) -- ...

    • 7:31AM ET on Wednesday May 08, 2024 by GlobeNewswire
      Companies Mentioned: KRNT

    • 7:30AM ET on Wednesday May 08, 2024 by Dow Jones
      Companies Mentioned: KRNT
      net loss per share 47,611,456 49,887,982 ========== ========== Shares used in computing Non-GAAP diluted net loss per share 47,611,456 49,887,982 ========== ========== (1) Share-based compensation Cost of product revenues $ 502 $ 507 Cost of service revenues $ 419 351 Research and development $ 1,295 1,351 Sales and marketing $ 1,582 1,363 General and administrative $ 1,650 1,673 $ 5,448 $ 5,245 ========== ========== (2) Intangible assets amortization Cost of product revenues $ 265 $ 263 Cost of service revenues $ 160 160 Sales and marketing $ 88 188 $ 513 $ 611 ========== ========== (3) Restructuring expenses Cost of product revenues $ 865 $ 89 Cost of service revenues $ 49 - Research and development $ 235 20 Sales and marketing $ 190 186 General and administrative $ 332 - $ 1,671 $ 295 ========== ========== KORNIT DIGITAL LTD. AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (U.S. dollars in thousands) Three Months Ended March 31, ---------------------- 2024 2023 ------- ------- (Unaudited) ---------------------- Cash flows from operating activities: ---------------------------------------------- Net loss $(13,199) $(18,931) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 3,324 3,873 Fair value of warrants deducted from revenues 3,586 2,344 Share-based compensation 5,448 5,245 Amortization of premium and accretion of discount on marketable securities, net (7) 323 Realized loss on sale and redemption of marketable securities - 40 Change in operating assets and liabilities: ---------------------------------------------- Trade receivables, net 12,905 (5,608) Other accounts receivables and prepaid expenses 514 916 Inventory (96) (3,023) Operating leases right-of-use assets and liabilities, net (87) (457) Deposits and other long term assets (708) (1,027) Trade payables (3,765) (1,477) Employees and payroll accruals (1,152) 737 Deferred revenues and advances from customers (308) (1,038) Other payables and accrued expenses (2,313) 4,340 Accrued severance pay, net (32) 99 Other long - term liabilities (86) (360) Net cash provided by (used in) operating activities $ 4,024 $(14,004) ------- ------- Cash flows from investing activities: ---------------------------------------------- Purchase of property, plant and equipment $ (1,284) $ (3,278) Proceeds from (investment in) short-term bank deposits, net (24,397) 274,932 Proceeds from sales and redemption of marketable securities 3,494 4,000 Proceeds from maturities of marketable securities 11,298 3,572 Investment in marketable securities (18,017) (10,024) Net cash provided by (used in) investing activities $(28,906) $269,202 ------- ------- Cash flows from financing activities: ---------------------------------------------- Exercise of employee stock options $ - $ 42 Payments related to shares withheld for taxes (594) (135) Repurchase of ordinary shares (7,628) (6,752) Net cash used in financing activities $ (8,222) $ (6,845) ------- ------- Increase (decrease) in cash and cash equivalents $(33,104) $248,353 Cash and cash equivalents at the beginning of the period 39,605 104,597 Cash and cash equivalents at the end of the period $ 6,501 $352,950 ======= ======= Non-cash investing and financing activities: Purchase of property and equipment on credit 92 173 Inventory transferred to be used as property and equipment 946 365 Property, plant and equipment transferred to be used as inventory 154 653 Lease liabilities arising from obtaining right-of-use assets (1,746) 6,037 KORNIT DIGITAL LTD. AND ITS SUBSIDIARIES RECONCILIATION OF GAAP NET INCOME TO ADJUSTED EBITDA (U.S. dollars in thousands, except share and per share data) Three Months Ended March 31, ---------------------- 2024 2023 (Unaudited) ---------------------- GAAP Revenues $ 43,776 $ 47,778 ======= ======= GAAP Net Loss (13,199) (18,931) Taxes on income 259 194 Financial income (5,346) (5,404) Share-based compensation 5,448 5,245 Intangible assets amortization 513 611 Restructuring expenses 1,671 295 ------- ------- Non-GAAP Operating Loss (10,654) (17,990) Depreciation 2,811 3,262 ------- ------- Adjusted EBITDA $ (7,843) $(14,728) ======= =======

    • 7:30AM ET on Wednesday May 08, 2024 by Dow Jones
      Companies Mentioned: KRNT

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