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 2024

Kornit Digital reports steady Q1 revenues and unveils Apollo platform

Kornit Digital's Q1 2023 earnings call highlighted steady revenues, progress in targeting brands and retailers, and the upcoming launch of the Apollo platform. Challenges in the customized design market were noted, but the company remains optimistic about capacity utilization and service revenues. The potential for extended customer usage and plans for product upgrades and expansion present significant opportunities for growth.

Kornit Digital reports Q2 revenue of $56.2 million, aims for profitable growth in 2024

Kornit Digital is focused on achieving breakeven on an adjusted EBITDA basis in Q4 2023 and returning to profitable growth in 2025. The company has a clear line of sight for H2 and beyond, with a very clear order pipeline for the second half of 2023.

Kornit Digital reports resilient Q3 performance amidst macro challenges

Kornit Digital's Q3 performance showcased resilience and growth in consumable sales, while macroeconomic challenges persist. The company aims for breakeven in Q4 and profitable growth in 2024, with a focus on improving gross margin and exploring new applications. Challenges include navigating macro headwinds and customer spending behavior.

Kornit achieves breakeven in Q4, eyes diversification for 2024 growth

Kornit's Q4 2023 earnings call highlighted achievements in profitability, product portfolio enhancement, and revenue growth expectations for 2024. The company's focus on diversification, recurring revenue models, and expansion into new markets presents both challenges and opportunities for future growth.

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ROSH-HA`AYIN, Israel, April 17, 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 first quarter ended March 31, 2024, on Wednesday, May 8, 2024, prior to the market open.

Kornit Digital Sets First Quarter 2024 Earnings Release Date and Webcast

ROSH-HA`AYIN, Israel, April 01, 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 its annual report on Form 20-F, containing audited consolidated financial statements for the year ended December 31, 2023, as filed with the Securities and Exchange Commission, is available through its website (http://www.kornit.com). Shareholders may receive a hard copy of the annual report free of charge upon request. This press release is being issued pursuant to NASDAQ Listing Rule 5250(d)(1)(C).

Kornit Digital Announces Filing and Availability of Its Annual Report on Form 20-F

Kornit solutions help reduce inventories, enhance time-to-market, adopt nearshore production, and promote sustainability Kornit solutions help reduce inventories, enhance time-to-market, adopt nearshore production, and promote sustainability

Kornit Digital Reveals New Opportunities for Brands and Retailers, Sportswear, Home Décor, and Screen Printers with Robust Showcase at FESPA Digital Print Expo 2024

Kornit Digital Ltd. (KRNT) Q4 2023 Earnings Call Transcript

ROSH-HA`AYIN, Israel, Feb. 14, 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, reported today its results for the fourth quarter and full year ended December 31, 2023.

Kornit Digital Reports Fourth Quarter and Full Year 2023 Results

ROSH HA'AYIN, Israel, Jan. 29, 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 fourth quarter and full year ended December 31, 2023, on Wednesday, February 14, 2024, prior to the market open.

Kornit Digital Sets Fourth Quarter and Full Year 2023 Earnings Release Date and Webcast

Kornit Digital Ltd. (NASDAQ:KRNT ) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Jared Maymon – Global Head-Investor Relations Ronen Samuel – Chief Executive Officer Lauri Hanover – Chief Financial Officer Amir Shaked-Mandel – Executive Vice President-Corporate Development Conference Call Participants Greg Palm – Craig-Hallum Capital Group Brian Drab – William Blair Tavy Rosner – Barclays Erik Woodring – Morgan Stanley Chris Moore – CJS Securities Chris Grenga – Needham Operator Greetings and welcome to the Kornit Digital's Third Quarter 2023 Earnings Conference Call.

Kornit Digital Ltd. (KRNT) Q3 2023 Earnings Call Transcript

ROSH-HA'AYIN, Israel, Nov. 08, 2023 (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, reported today its results for the third quarter ended September 30, 2023.

Kornit Digital Reports Third Quarter 2023 Results

ROSH HA'AYIN, Israel, Oct. 23, 2023 (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 third quarter ended September 30, 2023, on Wednesday, November 8, 2023, prior to the market open.

Kornit Digital Sets Third Quarter Earnings Release Date and Webcast

Company Operations Remain Strong and Unified Across Customers, Partners and Team Members Despite Ongoing Tragedies in Israel

Kornit Digital Delivers on Vision of Transforming Industry to On-Demand Sustainable Fashion and Textiles at PRINTING United Expo 2023

ROSH-HA'AYIN, Israel, Sept. 05, 2023 (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 the Company will conduct one-on-one meetings at Citi's 2023 Global Technology Conference.

Kornit Digital to Participate in Citi's 2023 Global Technology Conference

Earlier this month, shares of Kornit Digital sold off after the company reported in-line Q2 results but guided Q3 well below consensus expectations. Management attributed the shortfall to prevailing softness in system sales as customers continue to deal with excess capacity. However, even at lower-than-expected revenue levels, the company still expects to break even on an Adjusted EBITDA basis by Q4.

Kornit Digital: Upgrading On Expected Return To Growth And Profitability Next Year

Kornit Digital (KRNT) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.31 per share a year ago.

Kornit Digital (KRNT) Reports Q2 Loss, Lags Revenue Estimates

ROSH-HA`AYIN, Israel, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ: KRNT) (“Kornit” or the “Company”), a worldwide market leader in sustainable, on-demand digital fashionx and textile production technologies, today issued its Impact Report for 2022, highlighting the Company's progress against its long-term goals related to climate action, waste management, green chemistry, and workplace diversity. This third-annual report reinforces Kornit's commitment to an Environmental, Social, and corporate Governance (ESG) strategy that aims to transform the fashion and textile industry into one that is significantly more sustainable and ethical.

Kornit Digital Further Demonstrates Commitment to More Sustainable Fashion and Textile Industry with Release of Third-Annual Impact Report

ROSH-HA`AYIN, Israel, Aug. 09, 2023 (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, reported today its results for the second quarter ended June 30, 2023.

Kornit Digital Reports Second Quarter 2023 Results

ROSH HA'AYIN, Israel, July 24, 2023 (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, 2023, on Wednesday, August 9, 2023, prior to the market open.

Kornit Digital Sets Second Quarter Earnings Release Date and Webcast

ROSH-HA`AYIN, Israel, June 28, 2023 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ: KRNT) (“Kornit” or the “Company”), a worldwide market leader in sustainable, on-demand digital fashionx and textile production technologies, announced today Amaze Software, Inc. – parent company of the Amaze, Spring, and Outfts platforms – has selected KornitX Workflow Solutions and Kornit MAX digital on-demand fabric and textile decoration technologies as the platform to deliver their vision. Combined with the Amaze Creator Commerce Platform, the companies will jointly bring the power of on-demand production and fulfillment to new and existing social media creators, enabling them to better monetize branded products.

Kornit Digital and Amaze Software Offer On-Demand Production and Fulfillment to Social Media Creators

MILAN, Italy, June 20, 2023 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ: KRNT) (“Kornit” or the “Company”), a worldwide market leader in sustainable, on-demand digital fashionx and textile production technologies, announced today the Company successfully concluded its exhibition at ITMA 2023, experiencing high volumes of engagement with new customers from key regions, such as India, Turkey, China, Central and South America.

Kornit Digital Locks in Leadership with Highly Successful ITMA 2023, Validates Market Readiness for Mainstreaming Digital On-Demand Production

MILAN, Italy, June 08, 2023 (GLOBE NEWSWIRE) -- ITMA 2023 --   Kornit Digital LTD. (NASDAQ: KRNT) (“Kornit” or the “Company”), a worldwide market leader in sustainable, on-demand digital fashionx and textile production technologies, today announced the Company is taking the power of digital fashion to new heights with enhancements to the Kornit Presto MAX system for digital fabric decoration on demand.

ITMA 2023: Kornit Digital Continues to Reinvent and Reimagine Textile Decoration with Enhanced Presto MAX

MILAN, Italy, June 08, 2023 (GLOBE NEWSWIRE) -- ITMA 2023 -- Kornit Digital LTD. (NASDAQ: KRNT) (“Kornit” or the “Company”), a worldwide market leader in sustainable, on-demand digital fashionx and textile production technologies, announced today it is showcasing the game-changing Kornit Apollo platform at ITMA 2023 – offering the ultimate in high-throughput digital production at scale.

ITMA 2023: Kornit Digital Unveils Sustainable, On-Demand Production at Scale with New Apollo Platform and Enhanced Atlas MAX PLUS

MILAN, Italy, June 08, 2023 (GLOBE NEWSWIRE) -- ITMA 2023 -- Kornit Digital LTD. (NASDAQ: KRNT) (“Kornit” or the “Company”), a worldwide market leader in sustainable, on-demand digital fashionx and textile production technologies, announced today the Company is setting the stage for true industry transformation as digital production goes mainstream at ITMA 2023. Driving real change in fashion and textiles, Kornit will showcase its industry-leading solutions portfolio – delivering a complete digital transformation solution with on-demand production.

Fashion and Textile Industries Set to Witness Major Turning Point at ITMA 2023 as Digital Production Goes Mainstream with Kornit Digital

Last month, Kornit Digital reported weak Q1/2023 results, with revenues down by over 40% year-over-year as system sales remain impacted by challenging macroeconomic conditions. The company commenced buybacks under its recently announced up to $75 million share repurchase program. Despite some additional cash burn in Q1, Kornit Digital continues to command a fortress balance sheet with $623.9 million in cash, deposits, and marketable securities, and no debt.

Kornit Digital: Inflection Point Likely Still Several Quarters In The Future - Hold

ROSH-HA`AYIN, Israel, May 30, 2023 (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 Andrew G. Backman, the Company's Global Head of Investor Relations, will participate in a fireside chat discussion and conduct one-on-one meetings at the William Blair 43rd Annual Growth Stock Conference.

Kornit Digital to Participate in William Blair 43rd Annual Growth Stock Conference

ROSH-HA`AYIN, Israel, May 22, 2023 (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 the Company will conduct one-on-one meetings at the 20th Annual Craig-Hallum Institutional Investor Conference.

Kornit Digital to Participate in 20th Annual Craig-Hallum Institutional Investor Conference

Kornit Digital Ltd. (NASDAQ:KRNT ) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Andrew G.

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