Leading digital printing solutions provider for the global textile industry, Kornit Digital has posted an increase of 24 per cent in its revenues of US $ 21.8 million for the first quarter of 2016 against US $ 17.6 million in the same period last year.
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The company informed that its non-GAAP net income totalled US $ 0.6 million in the reporting quarter versus US $ 0.9 million in the corresponding period of 2015. On a GAAP basis, Kornit Digital noted a net loss of US $ 0.2 million in the reporting quarter.
Commenting on the results, Gabi Seligsohn, CEO of Kornit Digital averred, “In the first quarter of 2016 we continued to show strong revenue growth of 24% year over year, which, despite being our seasonally weakest quarter, showed continued momentum across our product categories. We believe we are firmly positioned for future growth, and expect a particularly strong second half driven by new system offerings and supported by large accounts with multi-system delivery plans.”
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On offering new and innovative products to its customers, Seligsohn opined that the company will be adding a number of new products focused on three key attributes – cost per print, print quality and throughput.
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