Kornit Digital Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K was filed by Kornit Digital Ltd. on February 10, 2016, covering the month of February 2016. The report serves as a correction to guidance provided during a conference call on February 9, 2016, regarding the company's financial outlook for the fiscal year ending December 31, 2016.
Key Financial Metrics
The filing does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on a revision to management's expense guidance.
Material Changes and Guidance Revision
During the February 9, 2016 conference call, the CEO and CFO indicated that operating expenses for the year ending December 31, 2016, would increase by less than 25% compared to the prior year. This filing clarifies that the Company now expects operating expenses for the 2016 fiscal year to increase by more than 25% compared to the previous year.
Management Commentary and Risks
Management explicitly disclaims any intention or obligation to update or revise this guidance in the future, whether due to new information or future events, except as required by law. The information in this report is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Key Facts for Investor Verification
- Operating expense guidance for 2016 has been revised upward to an increase of more than 25% year-over-year.
- The previous guidance of less than 25% increase, given on February 9, 2016, is superseded by this filing.
- The filing contains no specific financial results for Q4 or full-year 2015; investors should refer to the original conference call or Form 20-F for those details.
- Management has stated they will not provide further updates to this guidance unless legally required.