KRNT Earnings Prediction
The chart below shows how KRNT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KRNT sees a +6.48% change in stock price 10 days leading up to the earnings, and a +2.44% change 10 days following the report. On the earnings day itself, the stock moves by -0.97%. This data can give you a slight idea of what to expect for the next quarter's release.
KRNT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
50.73M
-14.34%
4.34%
Gross Margin
47.72%
37.05%
4.12%
Operating Margin
-14.04%
-43.27%
-36.18%
Net Margin
-1.79%
-87.01%
-82.28%
EPS
-0.02
-88.24%
-80.00%
No Data Available
KRNT Earnings Analysis
Kornit Digital Ltd. Corporation (KRNT.O) Earnings Conference Call
Positive
Q3 Revenue Performance: Third quarter revenues were $50.7 million, within the guidance range of $48 million to $52 million provided in August.
Positive EBITDA Margin: Adjusted EBITDA margin for the third quarter was positive 3%, within the guidance range of 1% to 6% provided in August.
Operating Expenses Decrease: Total third quarter non-GAAP operating expenses were $26.8 million, a decrease of $4.3 million or 14% from the $31.1 million in the same period last year.
EBITDA Year-over-Year Improvement: The year-over-year improvement in adjusted EBITDA was a significant improvement versus the negative $5.6 million reported in the same period last year.
Cash Balance Increase: Our cash balance increased to $561 million, reflecting a robust balance sheet and strong operational cash flow.
Negative
Sales Performance Overview: Year-over-year system sales declined, with services sales approximately flat and impressions and consumable sales grew.
Gross Margin Performance Decline: Third quarter non-GAAP gross margin reached 50.3% compared with 37.4% in the same period last year, indicating a decline in overall performance despite improvements in specific areas.
Operating Expenses Decrease: Total third quarter non-GAAP operating expenses were $26.8 million, a decrease of $4.3 million or 14% from the $31.1 million in the same period last year, reflecting ongoing cost management efforts but also indicating reduced operational activity.
EBITDA Improvement Noted: Third quarter adjusted EBITDA was positive $1.5 million, a significant improvement versus the negative $5.6 million reported in the same period last year, but still highlighting previous financial struggles.
Fourth Quarter Revenue Projections: The company expects revenues for the fourth quarter of 2024 to be between $58 million and $63 million, with adjusted EBITDA margin projected to be in the 12% to 16% range, indicating uncertainty in achieving consistent growth.
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KRNT Earning Call Sentiment
Kornit Digital Ltd. (KRNT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
KRNT.O
-2.29%Positive
The earnings call summary presents a positive outlook with strong financial metrics, including improved gross margin and adjusted EBITDA. The share repurchase program and positive cash flow are favorable indicators. Despite some competitive and regulatory risks, the company's guidance for revenue growth and profitability, along with a focus on transitioning to digital, supports a positive sentiment. The Q&A section reveals confidence in market trends and manufacturing capabilities, although some details were withheld. Overall, the combination of strong financial performance and strategic initiatives suggests a positive stock price movement.