Kornit Digital Expects Q2 FY24 Revenues Of $47M-$52M Vs. Consensus Of $53.45M; Sees Adjusted EBITDA Margin Of -10% to 0%
Portfolio Pulse from Benzinga Newsdesk
Kornit Digital forecasts Q2 FY24 revenues to be between $47M-$52M, falling short of the consensus estimate of $53.45M. The company also anticipates an adjusted EBITDA margin ranging from -10% to 0%.
May 08, 2024 | 11:39 am
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NEGATIVE IMPACT
Kornit Digital's Q2 FY24 revenue forecast falls short of market expectations, with an anticipated adjusted EBITDA margin of -10% to 0%.
The projected revenue shortfall and negative adjusted EBITDA margin indicate potential operational challenges or market conditions affecting Kornit Digital's performance. This news is likely to negatively impact investor sentiment and could lead to a decrease in KRNT's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100