Kornit Digital For 4Q23 Expects Revenues Of $55M-$60M Vs. Consensus Of $65.8M; Sees Adjusted EBITDA Margin Between -6%-0%
Portfolio Pulse from Benzinga Newsdesk
Kornit Digital has projected its 4Q23 revenues to be between $55M-$60M, which is lower than the consensus estimate of $65.8M. The company also expects its adjusted EBITDA margin to be between -6% and 0%.
November 08, 2023 | 12:14 pm
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Kornit Digital's lower than expected revenue forecast for 4Q23 and negative to zero EBITDA margin could negatively impact its stock price in the short term.
Kornit Digital's revenue forecast is lower than the consensus estimate, which could disappoint investors and lead to a sell-off. Additionally, the expected negative to zero EBITDA margin indicates potential profitability issues, which could further dampen investor sentiment.
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