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

Earnings data Q2 2021

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Earnings data Q1 2022

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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 (NASDAQ: KRNT) appeared to be perfectly set up for the times but the times changed too quickly and that story is played. The company manufactures, markets, and services a range of digital printing applications for the textile and packaging industry.

The Sell-Off In Kornit Digital May Set Up A 2nd Half Opportunity

KRNT stock is down after Kornit Digital execs slashed Q2 sales guidance. Here's what that means for the broader e-commerce sector.

Kornit Digital (KRNT) Stock Plummets 25% After Slashing Guidance

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Kornit Digital, Simulations Plus And 3 Stocks To Watch Heading Into Wednesday

In a sign of continuing worries about e-commerce activity, Kornit Digital Ltd. slashed its forecast for the second quarter Tuesday and suggested the third quarter isn't expected to be much better, sending shares into a spiral in after-hours trading.

In a worrisome sign for e-commerce, Kornit Digital slashes forecast and stock plunges 20%

Kornit Digital Ltd (NASDAQ: KRNT) reported preliminary results for the Q2 that ended June 30, 2022. It expects revenues of $56.4 million to $59.4 million (versus a consensus of $91.41 million), net of a non-cash warrant impact of ~$4.6 million.

Kornit Digital Shares Plunge On Q2 Preliminary Results

ROSH HA'AYIN, Israel, July 05, 2022 (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 preliminary results for the second quarter ended June 30, 2022. The information in this press release is approximate due to the preliminary nature of the announcement and remains subject to normal quarter-end closing review.

Kornit Digital Announces Preliminary Second Quarter 2022 Financial Results

BERLIN, May 31, 2022 (GLOBE NEWSWIRE) --   Kornit Digital Ltd. (NASDAQ: KRNT) (“Kornit”), a worldwide market leader in sustainable, on-demand digital fashionx and textile production technologies, announced today it is breaking the barriers for fulfillers and brands to realize the full potential of sustainable, digital production. The Company is set to challenge the digital textile production status quo with a first-of-its-kind experience at FESPA Global Print Expo 2022, May 31st through June 3rd with an integrated showcase of its latest innovations of industry-first solutions at Hall: 27, Stand: 27-D60. These solutions present the future of new possibilities for high-quality and productivity of on-demand, sustainable production, including the merging of the physical and virtual worlds.

Kornit Digital Presents the Future of On-Demand, Sustainable Production – From Creation to Order and Shipment - at FESPA 2022

LONDON, May 16, 2022 (GLOBE NEWSWIRE) -- Kornit Digital (NASDAQ: KRNT) (“Kornit”), a worldwide market leader in sustainable, on-demand digital fashionx and textile production, is today disrupting the fashion status quo during Kornit Fashion Week London, May 15-17 at the historic Freemasons' Hall. The event highlights the power of digital production to transform an industry transitioning from the challenges of waste and overproduction to sustainable, efficient production.

Kornit Fashion Week London 2022: Disrupting the Ideation-to-Production Status Quo for Brands, Creators, and Consumers Alike

Kornit Digital Ltd. (NASDAQ:KRNT ) Q1 2022 Earnings Conference Call May 11, 2022 8:30 AM ET Company Participants Ronen Samuel - CEO Alon Rozner - CFO Amir Shaked-Mandel - EVP, Corporate Development Andrew Backman - IR Conference Call Participants Jim Suva - Citigroup Tavy Rosner - Barclays Rod Hall - Goldman Sachs Jared Maymon - Berenberg Capital Markets Brian Drab - William Blair Jim Ricchiuti - Needham & Company Dan - CJS Securities Dan Moore - CJS Securities Greg Palm - Craig-Hallum Capital Operator Greetings, and welcome to Kornit Digital's First Quarter 2022 Earnings Call.

Kornit Digital Ltd. (KRNT) CEO Ronen Samuel on Q1 2022 Results - Earnings Call Transcript

Kornit Digital Ltd (NASDAQ: KRNT) reported first-quarter revenue growth of 26% year-over-year to $83.3 million, missing the consensus of $87.81 million. Adjusted EPS of $0.00 missed the consensus of $0.15.

Why Kornit Digital Shares Are Plunging Today

Issuer Direct

Research Solutions

Solid demand, digitization and higher promotional activities are aiding players in the Zacks Commercial Printing industry. Stiff competition and supply-side issues remain concerning.

3 Commercial Printing Stocks to Watch Amid Solid Industry Prospects

Kornit Digital (KRNT) delivered earnings and revenue surprises of -100% and 5.99%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Kornit Digital (KRNT) Reports Break-Even Earnings for Q1

ROSH-HA'AYIN, Israel, May 11, 2022 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (NASDAQ: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionx and textile production technologies, reported today results for the first quarter ended March 31, 2022.

Kornit Digital Reports First Quarter 2022 Results

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ROSH HA'AYIN, Israel, April 04, 2022 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (NASDAQ: KRNT) (“Kornit”), a worldwide market leader in sustainable, on-demand digital fashionx and textile production, announced today the Company will present the convergence of design, technology, and sustainable fashion at Kornit Fashion Week Tel Aviv 2022, April 3rd – 6th. Rewriting the rules for fashion and textiles, the transformative event will unveil vibrant runway collections together with game-changing industry-first product and technology introductions that bring digital production to the mainstream.

Kornit Digital Rewrites the Rules for Fashion and Textiles at Kornit Fashion Week Tel Aviv 2022

Kornit Atlas MAX Poly to Transform Professional and Recreational Sportswear, Teamwear, and Sports Brands; Injecting Life into Apparel with Power of Design Across Full Color Gamut Kornit Atlas MAX Poly to Transform Professional and Recreational Sportswear, Teamwear, and Sports Brands; Injecting Life into Apparel with Power of Design Across Full Color Gamut

Kornit Digital Introduces High-Volume Digital Production Solution for Vibrant Decorative Designs on Polyester and Polyester-Blended Apparel

Leader in digital textile printing solutions reported better-than-expected Q4 results and guided Q1/FY2022 revenues above expectations as business momentum remains strong.

Scaling Into Kornit Digital After 50% Setback From Recent Highs

Kornit Digital Ltd.'s (KRNT) CEO Ronen Samuel on Q4 2021 Results - Earnings Call Transcript

Kornit Digital (KRNT) delivered earnings and revenue surprises of -48% and 3.86%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Kornit Digital (KRNT) Lags Q4 Earnings and Revenue Estimates

ROSH-HA`AYIN, Israel, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (NASDAQ: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionx and textile production technologies, reported today results for the fourth quarter and full year ended December 31, 2021.

Kornit Digital Reports Record Fourth Quarter and Full-Year 2021 Results

Kornit Digital (KRNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Kornit Digital (KRNT) Earnings Expected to Grow: Should You Buy?

ROSH HA'AYIN, Israel, Feb. 01, 2022 (GLOBE NEWSWIRE) -- Kornit Digital (“Kornit”) (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, 2021, on Tuesday, February 15, 2022, prior to the opening of the market.

Kornit Digital Sets Fourth Quarter and Full Year 2021 Earnings Release Date and Webcast

Modern, high production volume facility supports Company's growth plans and sustainability mission Modern, high production volume facility supports Company's growth plans and sustainability mission

Kornit Digital Unveils State-of-the-Art Ink Manufacturing Site

Kornit Digital Ltd (NASDAQ: KRNT) has agreed to acquire Germany-based company Tesoma for undisclosed financial terms. Tesoma is known for the engineering and performance of its cutting-edge textile curing solutions.

Kornit Digital To Acquire Germany-Based Tesoma For Undisclosed Sum

Executing on strategic pillar of digitizing production floor with a smart, seamless, and sustainable end-to-end workflow Executing on strategic pillar of digitizing production floor with a smart, seamless, and sustainable end-to-end workflow

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