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FY/2023

Generated By Getagraph.com: 2023-12-31

Kornit Digital Ltd [KRNT] 1.24% $ 15.54
Exchange: NASDAQ Sector: Industrials Industry: Specialty Industrial Machinery

Kornit Digital Ltd Q4 and Full-Year 2023 Financial Results

Report Date: 2024-03-29 | Exchange: NASDAQ | Ticker: KRNT

Sector: Industrials | Industry: Specialty Industrial Machinery

Official SEC Filing

Executive Summary

Kornit Digital Ltd (NASDAQ: KRNT) has released its earnings report for the fourth quarter and the full year of 2023. This report includes comprehensive financial metrics and market data, providing insights into the company's performance and strategic direction for 2024.

Financial Highlights

Metric	Q4 2023 ($M)	FY 2023 ($M)
Revenue	56.59	219.8
Net Income	(22.93)	N/A
Gross Profit Margin	46.08%	N/A
EBITDA	(5.45)	N/A
Operating Cash Flow	2.64	N/A
Free Cash Flow	1.76	N/A
Total Assets	N/A	865.58
Total Liabilities	N/A	69.91
Total Equity	N/A	795.67

Market and Financial Ratios

Ratio	Q4 2023	FY 2023
Current Ratio	1,058.02%	N/A
Quick Ratio	863.06%	N/A
Debt to Equity Ratio	0.55%	N/A
Net Profit Margin	-40.53%	N/A
Return on Equity	-7.79%	N/A

Outlook for 2024

Kornit Digital Ltd anticipates modest revenue growth and improved EBITDA profitability in 2024, alongside positive cash flow from operations throughout the year, despite facing anticipated continued challenging macroeconomic conditions.

Revenues FY - 2023

Revenue	Gross Profit	Operating Expenses	Interest Expense	EBITDA	Net Income	EPS
$205.94M	$65.52M	$144.64M	$0	$-64.42M	$-64.35M	$-1.310

Balance FY - 2023

Net Income	Depreciation and Amortization	Stock Based Compensation	Change in Working Capital	Net Cash Provided by Operating Activities	Capital Expenditure	Free Cash Flow
$-64.35M	$14.70M	$22.59M	$-41.43M	$-34.68M	$-7.01M	$-41.69M

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