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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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) priced an upsized public offering of ~2.65 million ordinary shares at $151.00 per share.

Kornit Digital Prices Equity Offering By Company, Amazon Affiliate At 2.6% Discount

ROSH HA'AYN, Israel, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (NASDAQ: KRNT) (“Kornit”), a company that develops, designs and markets innovative, sustainable, on-demand, digital fashion and textile production technologies, announced today the pricing of an upsized underwritten public offering of 2,645,953 ordinary shares at a price to the public of $151.00 per share. Kornit is offering 1,940,000 ordinary shares and an affiliate of Amazon.com, Inc. (“Amazon”) is offering 705,953 ordinary shares. Kornit will not receive any of the proceeds from the sale of shares being offered by an affiliate of Amazon. The shares being sold by an affiliate of Amazon are being issued pursuant to the exercise of a warrant granted to Amazon by Kornit. Kornit has also granted the underwriters a 30-day option to purchase up to an additional 396,892 ordinary shares at the public offering price. The offering is expected to close on November 23, 2021, subject to customary closing conditions.

Kornit Digital Announces Pricing of Upsized Public Offering of Ordinary Shares

ROSH HA'AYN, Israel, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (NASDAQ: KRNT) (“Kornit”), a company that develops, designs and markets innovative, sustainable, on-demand, digital fashion and textile production technologies, today announced the launch of an underwritten public offering of 2,205,701 ordinary shares, 1,500,000 of which are being offered by Kornit and 705,701 of which are being offered by an affiliate of Amazon.com, Inc. (“Amazon”).  Kornit will not receive any of the proceeds from the sale of shares being offered by an affiliate of Amazon.  The shares being sold by an affiliate of Amazon are being issued pursuant to the exercise of a warrant granted to Amazon by Kornit.  Kornit intends to grant the underwriters a 30-day option to purchase up to an additional 330,855 ordinary shares.

Kornit Digital Announces Launch of Public Offering of Ordinary Shares

Kornit Digital Ltd.'s (KRNT) CEO Ronen Samuel on Q3 2021 Results - Earnings Call Transcript

Kornit Digital (KRNT) delivered earnings and revenue surprises of -4.00% and -3.87%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Kornit Digital (KRNT) Q3 Earnings and Revenues Miss Estimates

Kornit Digital (NASDAQ:KRNT) reported its Q3 earnings results on Wednesday, November 10, 2021 at 08:00 AM. Here's what investors need to know about the announcement.

Recap: Kornit Digital Q3 Earnings

ROSH-HA`AYIN, Israel, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (NASDAQ: KRNT), a worldwide market leader in sustainable, on-demand, digital textile production technologies, reported today results for the third quarter ended September 30, 2021.

Kornit Digital Reports Record Third Quarter 2021 Results

eBay, Korea Thrunet, and Boston Consulting Group innovator brings extensive international online, business-to-consumer (BTC), and cross-border trade experience and expertise eBay, Korea Thrunet, and Boston Consulting Group innovator brings extensive international online, business-to-consumer (BTC), and cross-border trade experience and expertise

Global E-Commerce and Digital Marketplace Executive and Pioneer Jae Hyun Lee Joins Kornit Digital

Voice in Sport, Rag & Bone, and long-time Nike executive brings unique insights on digital transformation, product, brand and direct to consumer strategies Voice in Sport, Rag & Bone, and long-time Nike executive brings unique insights on digital transformation, product, brand and direct to consumer strategies

Fashion and Sport Industry Innovator and Advocate Stef Strack Joins Kornit Digital

Program gathers fashion designers, technology innovators, visionaries, major brands, influencers, and celebrities to unveil digitally-created designer collections Program gathers fashion designers, technology innovators, visionaries, major brands, influencers, and celebrities to unveil digitally-created designer collections

Kornit Fashion Week Los Angeles + Industry 4.0 Event Unleashes Creativity, Sustainability on Demand: “Not Fast Fashion, But Extraordinary Fashion, Quickly”

ROSH HA'AYIN, Israel, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Kornit Digital (“Kornit”) (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital textile production technologies, announced today that it will release its financial results for the third quarter ended September 30, 2021, on Wednesday, November 10, 2021, prior to the opening of the market.

Kornit Digital Sets Third Quarter 2021 Earnings Release Date and Webcast

Kornit's first-ever impact report codifies brand vision of transforming the fashion industry with uncompromising eco-friendly production on demand: “These KPIs reflect Kornit's core values, embedded into every aspect of our business,” says CEO Ronen Samuel Kornit's first-ever impact report codifies brand vision of transforming the fashion industry with uncompromising eco-friendly production on demand: “These KPIs reflect Kornit's core values, embedded into every aspect of our business,” says CEO Ronen Samuel

Kornit Digital Commits to Saving 4.3 Trillion Liters of Water and 17.2 Billion Kilograms of Greenhouse Gas Emissions, and Reducing Overproduction in the Fashion Industry by 1.1 Billion Items by 2026

Event will showcase how fashion technology transforms creativity and expression, and eliminates wasteful overproduction prominent in the fashion industry Event will showcase how fashion technology transforms creativity and expression, and eliminates wasteful overproduction prominent in the fashion industry

Kornit Digital and threeASFOUR Give Shape to the Future of Fashion and Technology with the KUNDALINI Collection at New York Fashion Week

ROSH HA'AYN, Israel, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Kornit Digital (Nasdaq: KRNT), a worldwide market leader in digital textile production technologies, announced today that management will participate in a fireside chat and conduct one-on-one meetings at the following conference:

Kornit Digital to Participate in the Citi 2021 Global Technology Virtual Conference

Leader in digital printing solutions reported strong Q2 results and guided Q3 revenues materially above expectations as business momentum continues to build. Muted Q3 operating margin forecast no reason to worry as management tends to guide very conservatively.

Kornit Digital: Buy This Leader In Digital Textile Printing Solutions

Kornit Digital Ltd. (KRNT) CEO Ronen Samuel on Q2 2021 Results - Earnings Call Transcript

Kornit Digital Ltd (NASDAQ: KRNT) reported second-quarter revenue growth of 118% year-over-year to $81.7 million, beating the consensus of $77.44 million. The company says all geographic regions posted significant year-over-year and sequential growth; Americas and EMEA regions revenue more than doubled year-over-year.

Kornit Digital Q2 Revenue Tops Estimate; Acquires Voxel8 For Undisclosed Sum

Kornit Digital (KRNT) delivered earnings and revenue surprises of 0.00% and 4.79%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Kornit Digital (KRNT) Q2 Earnings Match Estimates

Revenue Increases 118% Year-Over-Year Revenue Increases 118% Year-Over-Year

Kornit Digital Reports Second Quarter 2021 Results

Advanced 3D technology will enable deployment of unique, high-value decorative and functional applications for leading global brands Advanced 3D technology will enable deployment of unique, high-value decorative and functional applications for leading global brands

Kornit Digital Acquires Voxel8, Expanding Additive Manufacturing Technology Portfolio for Next Generation of Sustainable On-Demand Textile Production

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: What to Know Ahead of Next Week's Release

Partnership Enables Global Fulfilment of Print Orders from Canva's Revolutionary Graphic Design Platform Partnership Enables Global Fulfilment of Print Orders from Canva's Revolutionary Graphic Design Platform

Kornit Digital Partners with Canva, Connecting Canva's Extensive Creative Community with Global On-Demand Production

Kornit Digital Ltd (NASDAQ: KRNT) announced a partnership with the online visual communications and design platform Canva. KornitX will become one of Canva's first certified integration partners, empowering it to help leading Print Service Providers (PSPs), brands, and organizations add the Canva design tool to their e-commerce websites.

Kornit Digital Partners With Online Visual Communications Platform Canva

ROSH HA'AYIN, Israel, July 20, 2021 (GLOBE NEWSWIRE) -- Kornit Digital (Nasdaq: KRNT), announced today that it will release its financial results for the second quarter ended June 30, 2021, on Tuesday, August 10th, 2021 before the market opens.

Kornit Digital Sets Second Quarter 2021 Earnings Release and Webcast

ROSH HA'AYN, Israel & ENGLEWOOD, N.J., June 30, 2021 (GLOBE NEWSWIRE) -- Kornit Digital ("Kornit" or "the Company") (Nasdaq: KRNT), a worldwide market leader in digital textile printing technology, announced today that Andrew G. Backman has been appointed to the newly created position of Global Head of Investor Relations, effective June 30, 2021.

News for Kornit Digital Stock (KRNT)