Kornit Digital Ltd. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported revenue was USD 63.3 million compared to USD 87.55 million a year ago. Net loss was USD 35.36 million compared to net income of USD 0.954 million a year ago. Basic loss per share from continuing operations was USD 0.71 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.71 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.
For the full year, revenue was USD 271.52 million compared to USD 322.01 million a year ago. Net loss was USD 79.07 million compared to net income of USD 15.53 million a year ago. Basic loss per share from continuing operations was USD 1.58 compared to basic earnings per share from continuing operations of USD 0.33 a year ago. Diluted loss per share from continuing operations was USD 1.58 compared to diluted earnings per share from continuing operations of USD 0.32 a year ago.