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  "documentTitle": "Kornit Digital Ltd. (KRNT)",
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  "authorName": "Ben Axler",
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  "notes": "The slide uses a deductive logic chain to estimate payments from Amazon based on warrant grant disclosures.",
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      "text": "Therefore, we determine that Kornit received $35m of payments in FY 2018 which was 105% of its reported operating cash flow of $33.4m.",
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      "text": "operating cash flow: 105%",
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      "text": "For quarterly periods in 2017, Kornit did not disclose the amount of warrants granted and vested to Amazon, but recent disclosures in 2018 allow us to deduce how much it has received in payments from Amazon.",
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      "text": "Source: Kornit SEC disclosures",
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      "text": "Forensic Analysis Shows 105% of 2018 Cash Flow Came From Amazon Payments",
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