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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Argentinian apparel brand builds upon efficient just-in-time DTG production model, with focus on expanding catalog and minimizing overstock Argentinian apparel brand builds upon efficient just-in-time DTG production model, with focus on expanding catalog and minimizing overstock

Kevingston Increases Investment in Kornit Digital Systems, Installs Kornit Presto S to Supplement Thriving Direct-to-Garment Production

ROSH HA'AYN, Israel, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Kornit Digital (Nasdaq: KRNT), a company that develops, manufactures and markets industrial digital printing technologies for the textile industry, today announced that management, will present and host one-on-one investor meetings at the following conference:

Kornit Digital to Present at Upcoming Virtual Investor Conference

Kornit Digital Ltd. (KRNT) CEO Ronen Samuel on Q3 2020 Results - Earnings Call Transcript

Kornit Digital (KRNT) delivered earnings and revenue surprises of 20.00% and 3.70%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Kornit Digital (KRNT) Beats Q3 Earnings and Revenue Estimates

Shares of Kornit Digital (NASDAQ:KRNT) were unchanged in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share were up 100.00% year over year to $0.18, which beat the estimate of $0.13.

Kornit Digital: Q3 Earnings Insights

ROSH HA'AYIN, Israel, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Kornit Digital (Nasdaq: KRNT), a company that develops, manufactures and markets industrial digital printing technologies for the garment, apparel and textile industries, today announced that it will release its earnings results for the third quarter ended September 30, 2020 on Tuesday, November 10, 2020 after the market closes. Management will host a conference call and webcast to discuss the Company's financial results at 5:00 pm ET.

Kornit Digital Announces Date for Third Quarter 2020 Earnings Results

ROSH HA’AYIN, Israel, Sept.  16, 2020  (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (NASDAQ: KRNT) (“Kornit”), a company that develops, manufactures and markets industrial digital printing technologies for the garment, apparel and textile industries, today announced the pricing of an upsized underwritten public offering of 4,078,210 ordinary shares at a price to the public of $56.50 per share. Kornit is offering 2,388,268 ordinary shares and an affiliate of Amazon.com, Inc. (“Amazon”) is offering 1,689,942 ordinary shares. Kornit will not receive any of the proceeds from the sale of shares being offered by 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 611,731 ordinary shares at the public offering price. The offering is expected to close on September 21, 2020, subject to customary closing conditions.

Kornit Announces Pricing of Upsized Public Offering of Ordinary Shares

Kornit Digital: Technology In Textiles

ROSH HA’AYIN, Israel, Sept.  14, 2020  (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (NASDAQ: KRNT) (“Kornit”), a company that develops, manufactures and markets industrial digital printing technologies for the garment, apparel and textile industries, today announced the launch of an underwritten public offering of 3,600,000 ordinary shares, 2,000,000 of which are being offered by Kornit and 1,600,000 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 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 540,000 ordinary shares.

Kornit Announces Launch of Public Offering of Ordinary Shares

ROSH HA’AYIN, Israel, Aug.  13, 2020  (GLOBE NEWSWIRE) -- Kornit Digital (Nasdaq: KRNT), a worldwide market leader in digital textile printing technology, announced today that Ronen Samuel, CEO, Guy Avidan, CFO, and Amir Shaked-Mandel, EVP Corporate Development, will host a virtual fireside chat to discuss the recent acquisition of Custom Gateway.

Kornit Digital to Host Virtual Fireside Chat

Kornit Digital Ltd. (KRNT) CEO Ronen Samuel on Q2 2020 Results - Earnings Call Transcript

Shares of Kornit Digital (NASDAQ:KRNT) rose 1.9% in after-market trading after the company reported Q2 results.

Recap: Kornit Digital Q2 Earnings

Kornit Digital, a maker of digital printing technology for the textile industry, late Tuesday beat Wall Street's targets for the second quarter. The earnings news pushed KRNT stock higher.

Kornit Digital Beats Wall Street's Second-Quarter Sales, Earnings Targets

Acquisition marks important next step in expanding strategic partnership with leading brands, retailers, and suppliers as they accelerate digital transformation Acquisition marks important next step in expanding strategic partnership with leading brands, retailers, and suppliers as they accelerate digital transformation

Kornit Digital Acquires Custom Gateway, Expanding Cloud Software Workflow Portfolio for End-to-End Management of On-Demand Apparel and Home Décor Production

Announces Acquisition of Custom Gateway, a leading global provider of cloud software workflow solutions enabling on-demand apparel and home décor production

Kornit Digital Reports Second Quarter 2020 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.

Earnings Preview: Kornit Digital (KRNT) Q2 Earnings Expected to Decline

ROSH HA’AYIN, Israel, July  28, 2020  (GLOBE NEWSWIRE) -- Kornit Digital (Nasdaq: KRNT), a worldwide market leader in digital textile printing technology, today announced that it will release its earnings results for the second quarter ended June 30, 2020 on Tuesday, August 11, 2020 after the market closes. Management will host a conference call and webcast to discuss the Company's financial results at 5:00 pm ET.

Kornit Digital Announces Date for Second Quarter 2020 Earnings Results

Kornit Digital Ltd. (KRNT) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Moving Average Crossover Alert: Kornit Digital

Kornit Digital (KRNT) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.

Why Kornit Digital (KRNT) Could Be Positioned for a Surge

Kornit Digital (NASDAQ: KRNT) shares are trading higher on Wednesday following first-quarter earnings release.

Why Kornit Digital's Stock Is Trading Higher Today

The printing solutions company sees better days ahead.

Why Kornit Digital Stock Is Soaring Today

Kornit Digital Ltd. (KRNT) CEO Ronen Samuel on Q1 2020 Results - Earnings Call Transcript

Kornit Digital (KRNT) delivered earnings and revenue surprises of -69.23% and 2.09%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Kornit Digital (KRNT) Reports Q1 Loss, Tops Revenue Estimates

Textile Industry at Inflection Point Textile Industry at Inflection Point

News for Kornit Digital Stock (KRNT)