An investigation on behalf of investors of Kornit Digital Ltd. (NASDAQ: KRNT) shares over potential securities laws violations by Kornit Digital Ltd. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Kornit Digital Ltd. (NASDAQ: KRNT) concerning whether a series of statements by Kornit Digital Ltd. (NASDAQ: KRNT regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Isreal based Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry. Kornit Digital Ltd. Reported thatr ist annual Total Revenue rose from $114.08 million in 2017 to $142.37 million in 2018 and that its Net Loss of $2.01 million in 2017 turned to a Net Income of $12.42 million in 2018.

On May 7, 2019, a report was published regarding Kornit Digital Ltd., entitled Teed Up And Printing Rebates. The report alleged, among other issues, that Kornit Digital Ltd. was not adequately disclosing the terms of Amazon price rebates; that there was a discrepancy between reported Amazon revenues in Kornits filings; and Kornit Digital Ltd. had engaged in aggressive tactic[s] with respect to reporting the cost of warrants granted to Amazon, which the SEC questioned, and made [Kornit] restate results.

Shares of Kornit Digital Ltd. (NASDAQ: KRNT) declined on May, 2019 to $23.93 per share.