Full year GAAP gross profit was
Kornit reported fourth quarter revenues which are net of the non-cash impact of warrants deducted from revenues, of
Full year 2017 GAAP revenues which are net of the non-cash impact of the warrants deducted from revenues were
"The second half of 2017 was challenging as the previously announced order delay negatively impacted our results for the year. Customer timing issues notwithstanding, we believe consumer behaviour affecting retail business models reached a tipping point in 2017, forcing the supply chain to react and positioning Kornit exceptionally well to capture large scale volume with screen printers. To that end, we generated meaningful interest from high volume printers at our recent trade shows which underscore the capability of our newest technologies that offer a materially lower cost per print," said Gabi Seligsohn, Kornit Digital’s chief executive officer.
"We expect a meaningful uptick in our growth rate in 2018 driven by higher adoption rates of our products by screen printers, incremental deliveries on key customer programs and the success of new product introductions including our recently announced Avalanche HD6, which is currently being installed at multiple customer sites. These new systems and upgrade kits offer significant savings on cost per print in conjunction with high definition imaging and improved hand-feel. These growth drivers are supported by improving trends in European and Asian markets and a revamped
Fibre2Fashion News Desk – India