For the first quarter Kornit Digital’s revenues rose 14.8 per cent compared to the prior year period. The higher revenue was attributable to growth in both products and services.

Kornit Digital is a leading provider of digital printing solutions for the global printing textile industry.

Growth in the quarter was broad based and included a diversity of customer and product categories, led by faster-than-expected customer adoption of Avalanche HD systems and upgrades.

Non-GAAP gross profit in the first quarter 50 per cent of revenues compared with a 44.5 per cent gross margin in the first quarter of 2017. Higher gross margins primarily reflected a favorable product mix compares to the first quarter of 2017 and an increase in the system's upgrade revenues.

Non-GAAP operating expenses in the first quarter were 44.5 per cent of revenues compared with 44.2 per cent of revenues in the prior year period.

First quarter non-GAAP research and development expenses were 16.4 per cent of revenues compared with 17.2 per cent of revenues in the prior-year period. Non-GAAP general and administrative expenses were 10.8 per cent of revenues compared with 8.8 per cent of revenues in the prior-year period.

For the balance of the year, the company is poised for the momentum to continue.