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 Q1 2022

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Earnings data Q1 2023

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Earnings data Q3 2023

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Earnings data Q1 2024

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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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Kornit Digital Ltd. (NASDAQ:KRNT ) Q1 2024 Earnings Conference Call May 8, 2024 8:30 AM ET Company Participants Jared Maymon - Global Head-IR Ronen Samuel - CEO Lauri Hanover - CFO Conference Call Participants Greg Palm - Craig-Hallum Chris Moore - CJS Securities Brian Drab - William Blair Chris Grenga - Needham & Company Erik Woodring - Morgan Stanley Tavy Rosner - Barclays Operator Good morning, ladies and gentlemen, and welcome to the Kornit Digital First Quarter 2024 Earnings Conference Call.

Kornit Digital Ltd. (KRNT) Q1 2024 Earnings Call Transcript

ROSH-HA`AYIN, Israel, May 08, 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 first quarter ended March 31, 2024.

Kornit Digital Reports First Quarter 2024 Results

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.

News for Kornit Digital Stock (KRNT)