Kornit Digital

Kornit Digital Ltd. is engaged in the development, designing, manufacture, and marketing of industrial and commercial printing solutions for the garment, apparel, and textile industries. It offers printing solutions for apparel, polyester, sportswear, beachwear, accessories, paradigm shirt, textiles, curtains, cushions and couches. The company was founded by Ofer Ben-Zur on January 16, 2002 and is headquartered in Rosh HaAyin, Israel.

Earnings data Q1 2021

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Earnings data Q4 2024

Kornit Digital reports Q4 revenues, eyes profitability with Apollo launch

Kornit Digital's Q4 performance reflects a mixed revenue picture with growth in consumables and services but challenges in system sales and profitability.
The company's strategic focus on cost improvements, new product launches like Apollo, and expanding customer base present growth opportunities amidst macroeconomic challenges.
While short-term challenges persist, Kornit Digital's long-term strategy aims to drive revenue growth, achieve breakeven in 2023, and position for profitability in 2024.

Kornit Digital reports Q1 revenue growth, aims for breakeven EBITDA

Kornit Digital's Q1 2023 performance showed revenue growth amidst challenges in system sales, with a focus on customer success and product innovation.
The company aims to achieve breakeven EBITDA in H2 through revenue diversification and operational efficiency improvements.
Despite financial hurdles and competitive challenges, Kornit Digital remains optimistic about growth opportunities in customized design markets and ink sales.

Kornit Digital reports strong Q2 revenue growth and eyes sustainable profitability by 2025

Kornit Digital's Q2 performance reflects revenue growth driven by consumables and services, offsetting soft system sales volumes.
The company's strategic focus on new technologies, partnerships, and market shifts positions it well for future growth and profitability targets.
While facing challenges in system sales and revenue outlook, Kornit Digital is leveraging opportunities in on-demand production, sustainability trends, and market expansion for long-term success.

Kornit Digital reports Q3 revenue growth, eyes profitability in 2024

Kornit Digital's Q3 performance showed revenue growth in key segments despite challenges in system sales. The company is strategically focusing on diversification and profitability in 2024.
Opportunities lie in new market entries, share repurchases, and gross margin improvement. Extended payment terms and financing options are supporting customer decisions.
Challenges include macroeconomic constraints on system sales and uncertainties around extended payment terms. System upgrades may see a pause in Q4.

Kornit Digital achieves breakeven in Q4, eyes revenue growth in 2024

Kornit Digital's 2023 performance saw breakeven profitability, improved gross margins, and cost-saving initiatives driving positive adjusted EBITDA.
Strengths lie in the successful Apollo platform launch, customer interest in MAX technology, and diversification efforts into new market segments.
Challenges include a tough macroeconomic environment, revenue timing from Apollo, and uncertainties in the recurring revenue model's scalability.
Opportunities exist in market catalysts, expansion into new segments and geographies, and growing business with retailers and brands through in-house printing.
Kornit's focus on revenue growth, profitability, and customer expansion sets the stage for a dynamic 2024.

Kornit Digital reports mixed Q1 results, eyes growth opportunities

Kornit Digital reports mixed Q1 2024 results with revenue of $43.8 million and challenges in adjusted EBITDA margin. Strong interest in Apollo system and AIC model noted.
Analysts inquire about revenue outlook, AIC model impact, and share repurchase program. Company emphasizes revenue growth expectations for H2 and 2025.
Improved utilization of systems and positive feedback on new products seen as strengths. Softness in the market and revenue recognition under the AIC model pose challenges.
Entry into new markets and focus on regional growth opportunities highlight potential for Kornit Digital. Continued investment in product offerings and market segments noted.

Kornit Digital meets Q2 targets, eyes growth through innovation

Kornit Digital's Q2 performance met guidance, with positive cash flow and growth in key segments.
Despite challenges in profitability, the company anticipates a stronger second half and sustained positive cash flow.
Opportunities lie in upcoming investor event, sales growth from consumables, and innovation-driven productivity enhancements.
Strategic focus on cost efficiencies and market demand for on-demand production positions the company for future growth.

Kornit Digital meets Q3 targets, poised for growth in 2025

Kornit Digital delivered on revenue guidance and improved gross margin above 50%.
Operational efficiency led to reduced expenses and positive adjusted EBITDA.
Anticipated growth in revenue and profitability signals a promising outlook for the company.
Strong cash position and market demand for digital conversions offer strategic advantages.

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Last week, leading digital textile printing solutions provider Kornit Digital or "Kornit" reported better than expected Q3/2024 results with profitability well ahead of consensus estimates. While the company has experienced macroeconomic headwinds in recent quarters, decisive restructuring actions have resulted in recovering margins and cash flows. Kornit's business is showing signs of recovery, which, in combination with persistent demand for the new AIC lease offering, should result in a return to growth next year.

Kornit Digital: Turnaround Story Reflected In Valuation - Hold

Kornit Digital Ltd. (NASDAQ:KRNT ) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Jared Maymon - Global Head of Investor Relations Ronen Samuel - Chief Executive Officer Lauri Hanover - Chief Financial Officer Conference Call Participants Chris Moore - CJS Securities Greg Palm - Craig-Hallum Capital Group Erik Woodring - Morgan Stanley James Ricchiuti - Needham & Company Chris Reimer - Barclays Brian Drab - William Blair Operator Ladies and gentlemen, good morning and welcome to the Kornit Digital Third Quarter 2024 Earnings Conference Call.

Kornit Digital Ltd. (KRNT) Q3 2024 Earnings Call Transcript

Kornit Digital (KRNT) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to loss of $0.07 per share a year ago.

Kornit Digital (KRNT) Q3 Earnings and Revenues Beat Estimates

ROSH-HA`AYIN, Israel, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or the “Company”) (Nasdaq: KRNT), a global leader in sustainable, on-demand, digital fashion and textile production technologies, today reported results for the third quarter ended September 30, 2024.

Kornit Digital Reports Third Quarter 2024 Results

ROSH-HA`AYIN, Israel, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or the “Company”) (Nasdaq: KRNT), a global leader in sustainable, on-demand digital fashion and textile production technologies, announced today that it will release its financial results for the third quarter ended September 30, 2024 on Wednesday, November 6, prior to the market open.

Kornit Digital Sets Third Quarter 2024 Earnings Release Date and Webcast

Here is how Kornit Digital (KRNT) and Packaging Corp. (PKG) have performed compared to their sector so far this year.

Are Industrial Products Stocks Lagging Kornit Digital (KRNT) This Year?

ROSH-HA'AYIN, Israel, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ: KRNT) (“Kornit” or the “Company”), a global leader in sustainable, on-demand digital fashion and textile production technologies, announced today that T-Shirt & Sons (TSS) – a prominent European apparel manufacturer based in the UK and the Netherlands and serving some of the largest e-commerce and retail brands - has adopted Kornit Apollo to further its transition from traditional screen printing to digital production. This addition to its Kornit MAX systems enables TSS to significantly expand production capacity, improve speed, and enhance time-to-market – all while maintaining the highest standards of quality.

Top European Manufacturer Boosts Production Capacity with Kornit Apollo

ROSH-HA`AYIN, Israel, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ: KRNT) (“Kornit” or the “Company”), a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, announced today that Hybrid Digital, a division of Hybrid Apparel – an industry leading wholesaler of fashion licensed apparel and partner to major online retailers and wholesale retailers like Walmart, Target and Kohl's – is adding Kornit Apollo to its current Kornit Atlas MAX production lines. The expanded adoption will further the company's screen to digital transformation – key to leveraging digital production as its competitive edge and powering new customer expectations for rapid delivery.

Kornit Digital Empowers Hybrid Digital to Fuel its Next Stage of Business Growth

Kornit Digital (KRNT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Kornit Digital (KRNT) Moves 5.0% Higher: Will This Strength Last?

ROSH-HA`AYIN, Israel, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ: KRNT) (“Kornit” or the “Company”), a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, announced today Monster Digital is significantly ramping up its digital production with 10 additional Kornit Apollo systems during 2025, expanding its on-going transition from screen printing to digital textile production.

Monster Digital Adds Significant Digital Production Capacity with the Adoption of 10 Additional Kornit Apollo Systems During 2025

ROSH-HA`AYIN, Israel, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ: KRNT) (“Kornit” or the “Company”), a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, announced today the Company is further extending its relationship with DO Apparel – a full-service custom apparel company focusing on creative sports garments for major league teams across basketball, football and baseball. DO Apparel continues to embrace on-demand, digital production as a more effective alternative to screen printing, better suited to match the unique requirements of custom sports apparel such as jerseys, uniforms and t-shirts.

DO Apparel Expands Digital Production of Custom Jerseys for Large Sports Brands with Kornit Digital

LAS VEGAS, Sept. 12, 2024 (GLOBE NEWSWIRE) --  PRINTING UNITED EXPO -   Kornit Digital LTD. (NASDAQ: KRNT) (“Kornit” or the “Company”), a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, announced today one of the largest custom music and event merchandise providers in Germany is making its first move to digital by shifting production volumes from screen printing processes to digital production, with Kornit Digital. Print Palace Textildruck is adopting the award-winning Kornit Apollo production line to accelerate productivity and agility while improving unit economics for mid-sized production runs – without sacrificing quality.

Print Palace Textildruck Redefines the Future of Custom Textiles with Transition of Production Volumes from Screen Printing to On-Demand, Digital Production from Kornit Digital

LAS VEGAS, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ: KRNT) (“Kornit” or the “Company”), a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, announced today that Mad Engine Global, a major licensed merchandise apparel company and early Kornit Apollo beta customer, is expanding its investment in the Apollo production lines and Atlas MAX fleet, for growing its on-demand digital production capacity - with additional investments expected for 2025. Offering exclusive and non-exclusive apparel of major brands such as Disney and Marvel, Mad Engine Global is shifting more of its apparel production from legacy screen-printing processes to digital production, capitalizing on the performance, unit economics and quality of the Kornit technology.

Mad Engine Global, a Leading Provider of Licensed Celebrity and Branded Apparel, Expands On-Demand, Digital Production Fleet with Additional Apollo and Atlas Systems from Kornit Digital

LAS VEGAS, Sept. 11, 2024 (GLOBE NEWSWIRE) -- PRINTING UNITED EXPO  --  Kornit Digital LTD. (NASDAQ: KRNT) (“Kornit” or the “Company”), a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, announced today the Company is teaming with fashion pioneer OGAT - One Garment at a Time, a new brand launched by Pixartprinting, part of Cimpress (NASDAQ: CMPR), to power the future of fashion - today. The brand embraces Kornit's award-winning direct-to-fabric technology alongside advanced product creation and logistics workflows, to set new standards for fashion, challenging outdated production models with innovative on-demand solutions.

OGAT and Kornit Digital Revolutionize Fashion Production with On-Demand, Sustainable Technology

LAS VEGAS, Sept. 11, 2024 (GLOBE NEWSWIRE) -- PRINTING UNITED EXPO –   Kornit Digital LTD. (NASDAQ: KRNT) (“Kornit” or the “Company”), a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, announced today yet another custom screen apparel provider has chosen to further expand use of digital production to transform their business with the Kornit Apollo. T-Formation Inc. of Tallahassee (T-Formation), an industry leader in custom decorated apparel serving major brands such as Adidas, PVH Corporate and Champion – and an existing Kornit customer – is further transitioning large volumes of production from legacy screen-printing lines to the award-winning Kornit Apollo.

Custom Screen-Printing Leader Further Captures the Power of On-Demand Digital Production with Kornit Digital

LAS VEGAS, Sept. 10, 2024 (GLOBE NEWSWIRE) --  PRINTING UNITED EXPO 2024 –   Kornit Digital LTD. (NASDAQ: KRNT) (“Kornit” or the “Company”), a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies, today announced that Custom Ink, the online leader for custom wearables and other swag for organizations, groups, and communities, has chosen Kornit technology to bolster its production capabilities. By transitioning a significant share of its printing from screen to digital direct-to-garment production, Custom Ink is supporting the growth of its business while accelerating its digital transition through a sustainable printing technology and providing customers with the highest-quality custom apparel, gear, and swag.

Custom Ink Delivers Fast, Accurate and Premium Quality Custom Apparel with On-Demand Technology from Kornit Digital

ROSH-HA`AYIN, Israel , Sept. 10, 2024 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ: KRNT) is hosting its "Fashion is Choosing On-Demand" investor event today in Las Vegas, in conjunction with its participation in PRINTING United Expo 2024. The Company will highlight its market opportunities, showcase its technology, outline its go-to-market strategy, and detail its long-term financial goals.

Kornit Digital Presents Fashion is Choosing On-Demand in Conjunction with PRINTING United Expo 2024

ROSH-HA`AYIN, Israel, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or the “Company”) (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies, today announced that its Board of Directors has authorized a program to repurchase up to $100 million of the Company's ordinary shares as part of its capital allocation strategy. This repurchase program, in addition to the $65 million of aggregate share repurchases executed by the Company since 2023, reflects the Board's confidence in the Company's strategy and long-term potential, while demonstrating ongoing commitment to driving value creation for its shareholders.

Kornit Digital Announces Board Authorization of $100 Million Share Repurchase Program

Kornit Digital reported a mixed second quarter of 2024 as the company continues to experience macroeconomic headwinds with resulting delays in system purchase commitments by customers. Following a series of restructuring transactions, margins, and cash flows have improved substantially in recent quarters. The company's balance sheet remains impressive with $554.4 million in cash and liquid investments as well as no debt.

Kornit Digital: Investors Cheer New Go-To-Market Approach But Downgrading On Valuation

Kornit Digital Ltd. (NASDAQ:KRNT ) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Jared Maymon - Global Head of Investor Relations Ronen Samuel - Chief Executive Officer Lauri Hanover - Chief Financial Officer Conference Call Participants Greg Palm - Craig-Hallum Capital Group Chris Grenga - Needham Brian Drab - William Blair Erik Woodring - Morgan Stanley Chris Moore - CJS Securities Operator Good morning, ladies and gentlemen, and welcome to the Kornit Digital Second Quarter 2024 Earnings Conference Call.

Kornit Digital Ltd. (KRNT) Q2 2024 Earnings Call Transcript

Kornit Digital (KRNT) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to loss of $0.15 per share a year ago.

Kornit Digital (KRNT) Surpasses Q2 Earnings Estimates

ROSH-HA`AYIN, Israel, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or the “Company”) (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, today announced that the Company will host an Investor Event on Tuesday, September 10th, 2024 at the Westgate in Las Vegas, NV, in conjunction with its participation at the Printing United trade show. During the Investor Event, the Company will provide insights into its recent business activities, go-to-market strategy, and capital allocation plans. This event will also feature panels with key customers and demand generators where they share their perspectives on the industry.

Kornit Digital Announces Investor Event to be Held on September 10th in Conjunction with its Participation at the Printing United Trade Show in Las Vegas, NV

ROSH-HA`AYIN, Israel, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or the “Company”) (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, today reported results for the second quarter ended June 30, 2024.

Kornit Digital Reports Second Quarter 2024 Results

ROSH-HA`AYIN, Israel, July 22, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or the “Company”) (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, announced today that it will release its financial results for the second quarter ended June 30, 2024 on Wednesday, August 7, prior to the market open.

Kornit Digital Sets Second Quarter 2024 Earnings Release Date and Webcast

ROSH-HA`AYIN, Israel, June 03, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or the “Company”) (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, announced today that Ronen Samuel, Kornit's Chief Executive Officer, and Jared Maymon, the Company's Global Head of Investor Relations & Strategic Finance, will participate in a presentation and conduct one-on-one meetings at the William Blair 44th Annual Growth Stock Conference.

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