Home / Knowledge / News / Textiles / Kornit Digital's Q2 revenue up 12.6%
Kornit Digital's Q2 revenue up 12.6%
04
Aug '16
Courtesy: Kornit Digital
Courtesy: Kornit Digital
As a result of higher volumes in machines and inks, in the three months ended June 30, 2016, revenue at Kornit Digital, a producer of digital textile printers, went up 12.6 per cent year on year to $24.0 million.

Gross profit on a non-GAAP basis in the reporting quarter stood at $11.9 million or 49.5 per cent of sales as against $10.1 million, or 47.6 per cent in the year ago period.

“Higher gross margins primarily reflected a favourable sales mix of high throughput systems, and an increased contribution from ink and consumables during the current period,” the company said.

However, non-GAAP operating income declined in the second quarter of 2016 to $1.0 million vis-à-vis $2.7 million in the previous year's comparable quarter.

As a percent of sales, non-GAAP operating margin for the quarter under review slid to 4.0 per cent of sales, compared with 12.9 per cent sales in the earlier year's same quarter.

On a non-GAAP basis, net income for the period under review touched $0.7 million, or $0.02 per diluted share as against $2.4 million in the comparable quarter of last year. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jun 2017

US initiates probe into PSF imported from 5 nations

The department of commerce of the US has initiated investigations for ...

Textiles | On 26th Jun 2017

USTR announces AGOA review for Rwanda, Tanzania & Uganda

The office of the US trade representative (USTR) has announced the...

Textiles | On 26th Jun 2017

Braskem invests in polypropylene production facility in US

The Board of Directors of Braskem, one of the largest producer of...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search