Kornit Digital Sees Q3 Sales $58M-$62M vs $65.16M Est
Portfolio Pulse from Benzinga Newsdesk
Kornit Digital has provided its Q3 2023 guidance, expecting revenues to be between $58 million and $62 million, lower than the estimated $65.16 million. The company also anticipates an adjusted EBITDA margin of -6% to -13% of revenue, including the impact of the non-cash expense associated with the fair value of the company's warrants.
August 09, 2023 | 11:02 am
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Kornit Digital's lower than expected revenue guidance for Q3 2023 and negative EBITDA margin could negatively impact its stock price in the short term.
Kornit Digital's lower than expected revenue guidance for Q3 2023 and negative EBITDA margin indicates potential financial difficulties. This could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
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