Mr. Beighton Brings Demand-Side Perspective to Accelerate Kornit’s On-Demand Digital Production StrategyROSH-HA'AYIN, Israel, March 19, 2026 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ: KRNT) ("Kornit" or the "Company"), a global leader in sustainable, on-demand digital fashion and textile production technologies, today announced it has appointed Nick Beighton, former Chief Executive Officer of ASOS, as a strategic advisor to the Company and its Board of Directors. His appointment reflects Kornit’s cont ...

Core Viewpoint - Kornit Digital (KRNT) has announced that Basic Prints, a UK clothing manufacturer, is expanding its digital production capacity by acquiring a second Kornit Apollo Direct-to-Garment (DTG) system, indicating a strategic shift towards a digital-first manufacturing model [1] Group 1 - Basic Prints is enhancing its digital production capabilities with the addition of a second Kornit Apollo DTG system [1] - This expansion supports Basic Prints' transition to a digital-first manufacturing approach [1]

Core Insights - Kornit Digital LTD. has announced that Basic Prints has expanded its digital production capacity with a second Kornit Apollo Direct-to-Garment (DTG) system, marking a strategic shift towards a digital-first manufacturing model [1][2] Group 1: Company Transition - Basic Prints has transitioned the majority of its UK production from traditional screen printing to fully automated digital mass production, positioning itself as a leader in agile, on-demand apparel manufacturing [2][3] - The investment in two Apollo systems allows Basic Prints to produce thousands of prints per day, redefining its operational model to meet the demands of today's retail environment [3][4] Group 2: Operational Efficiency - The Apollo system provides a fully automated workflow that eliminates traditional screen setup processes, significantly reducing labor intensity and enabling end-to-end digital mass production at scale [4][5] - This shift allows Basic Prints to manage complex graphics, switch designs instantly, and deliver consistent quality at industrial volumes, enhancing their responsiveness to market demands [5][6] Group 3: Industry Impact - By adopting high-volume digital production, Basic Prints enables retailers to reduce inventory risk, shorten lead times, and quickly respond to demand spikes, supporting a broader industry shift towards agile, data-driven manufacturing [5][6]

Core Viewpoint - Kornit Digital Ltd. is participating in the 2026 Cantor Global Technology & Industrial Growth Conference and will host one-on-one investor meetings [1] Group 1: Company Overview - Kornit Digital is a global leader in sustainable, on-demand, digital fashion and textile production technologies [3] - The company provides end-to-end solutions including digital printing systems, inks, consumables, software, and fulfillment services [3] - Kornit Digital operates a global fulfillment network and serves customers in over 100 countries [3] Group 2: Investor Engagement - Andrew G. Backman, Chief Capital Markets Officer, will be available for one-on-one investor meetings on March 10 and March 11, 2026, at The New York Hilton Midtown [2] - Interested investors should contact their Cantor representative to schedule a meeting [2]

Core Insights - Kornit Digital Ltd. is a leader in sustainable, on-demand digital fashion and textile production, focusing on innovative solutions and sustainability [1] - The company reported a total revenue of $208.2 million for 2025, reflecting a return to revenue growth supported by an 11% increase in full-year impressions [2][6] - Kornit's All-Inclusive Click (AIC) program significantly contributed to its financial performance, generating $15 million in AIC revenue and ending the year with approximately $25 million in Annualized Recurring Revenue (ARR) [3][6] Financial Performance - For the fourth quarter of 2025, Kornit reported total revenue of $58.9 million, a slight decrease from $60.7 million in the same period the previous year [4] - The company achieved a non-GAAP net income of $8.3 million, or $0.18 per diluted share, consistent with the previous year's performance [4] - The GAAP gross profit margin for the fourth quarter was 48.7%, down from 51.3% in the prior year, indicating a slight decrease in profitability [4] Future Outlook - For the first quarter of 2026, Kornit expects revenues to range between $45 million and $49 million, with an adjusted EBITDA margin between negative 10% and negative 4% of revenue [5] - CEO Ronen Samuel expressed optimism for 2026, citing a growing pipeline of opportunities and plans for breakthrough innovations [5] - Kornit maintained a "Positive" grade with a "hold" action from Morgan Stanley, with the price target raised from $15 to $17, reflecting confidence in the company's future prospects [5]

Core Insights - Kornit Digital aims to return to revenue growth while transitioning to a more recurring ARR model, which may affect near-term revenue timing but is expected to strengthen long-term revenue foundations [1][5][6] Financial Performance - Q4 2025 revenues reached $58.9 million, with adjusted EBITDA of $5.5 million, both at the upper end of guidance [6][17] - For the full year 2025, total revenue was $208.2 million, up 2% year-over-year, driven by the expansion of the AIC program [17][18] - The company generated approximately $24 million in operating cash flow for the full year, marking nine consecutive quarters of positive cash generation [6][20] Business Model Transition - Kornit Digital is transitioning towards a more recurring business model, ending 2025 with approximately $25 million in ARR from the AIC program, supported by multiyear customer commitments [6][14][28] - AIC revenue grew 104% year-over-year, contributing $15.2 million in revenues for 2025, up from $3.3 million the previous year [17][18] Market Dynamics - There is a significant shift from screen production to digital, with over 40% of system deals in 2025 coming from new customers, many of whom are traditional screen printers adopting digital production for the first time [7][11] - The company is seeing strong demand for its Apollo systems, with high customer satisfaction and over 40% of existing Apollo customers adding additional systems in 2025 [10][25] Future Outlook - For 2026, Kornit expects low single-digit revenue growth, improved profitability, and continued positive cash flow from operations, with a focus on expanding the AIC program [14][22] - The company anticipates stronger profitability expansion as more customers transition to the AIC model, enhancing revenue visibility and scalability [14][66] Strategic Initiatives - Kornit plans to unveil new technologies and capabilities at the upcoming Connection event, aimed at expanding applications and driving future growth [15][70] - The company is also focusing on the footwear market, with significant opportunities expected to arise from new innovations [71][59]

CEO Ronen Samuel said impression growth came from several sources, including higher utilization among AIC program customers, increasing bulk and long-run work shifting from screen printing to Kornit’s digital systems, and high-volume production on the Apollo platform. Samuel said system uptime during Q4 peak season was more than 90% “across the board” for Apollo, which he described as supporting high utilization and customer satisfaction.Management emphasized “impressions” as a key indicator of utilization ...

Financial Data and Key Metrics Changes - Q4 revenues reached $58.9 million, with adjusted EBITDA of $5.5 million, both at the upper end of guidance [6][15] - For the full year 2025, total revenue was $208.2 million, up 2% year-over-year, driven by the expansion of the AIC program [15][16] - Adjusted EBITDA for the full year was $1.5 million compared to $0.3 million in the previous year, indicating a positive trend [17] - Non-GAAP gross margin for Q4 was 50.7%, down from 55.1% in Q4 2024, while for the full year it was 47.2%, down from 48.6% [16][17] Business Line Data and Key Metrics Changes - AIC revenue grew 104% year-over-year, contributing $15.2 million in revenues for the year [15][16] - The company ended the year with approximately $25 million in ARR from the AIC program, supported by multi-year customer commitments [7][15] - Impressions grew at a strong double-digit rate in Q4, with a total of 243 million impressions for the full year, reflecting an 11% growth [5][6] Market Data and Key Metrics Changes - Over 40% of new system deals in 2025 came from net new customers, many of whom were traditional screen printers adopting digital production for the first time [7][8] - The U.S. market showed significant adoption of the Atlas MAX platform among midsize screen printers, indicating a shift towards digital production [8][9] - The footwear market is identified as a significant growth opportunity, with expectations of capturing 2 billion impressions [92][93] Company Strategy and Development Direction - The company aims to transition towards a more recurring ARR model, which is expected to enhance revenue visibility and durability [4][7] - Focus remains on penetrating the screen market and expanding the AIC program while delivering on innovation to support growth beyond 2026 [12][14] - The company plans to introduce new technologies and capabilities in 2026 to expand applications and drive future growth [12][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in entering 2026 with a growing pipeline of opportunities and better visibility, expecting low single-digit revenue growth [12][19] - The transition to digital production is seen as a necessity in the apparel industry, driven by changing consumer demands and sustainability concerns [58] - Management highlighted the importance of customer partnerships and the need for continuous innovation to maintain competitive advantage [84] Other Important Information - The company repurchased $27 million in shares under its share purchase program, reflecting a commitment to returning value to shareholders [18] - The company is preparing for a significant event in April 2026, where new technologies and innovations will be unveiled [14][98] Q&A Session Summary Question: Can you provide more color on peak season performance and Apollo? - Management noted strong double-digit impression growth during peak season, with Apollo systems achieving over 90% uptime and high customer satisfaction [24][25] Question: What were the major accomplishments in 2025? - Key achievements included returning to growth, significant expansion of the AIC program, and positive cash flow generation [27][30] Question: How should we think about system placements in 2026? - The company expects to deliver more systems and capacity, indicating strong future revenue potential from ink and services [32] Question: Can you discuss the significance of the Amazon upgrade order? - Management confirmed a strategic relationship with a global customer, with upgrades expected to take place over several quarters [41] Question: What is the outlook for the direct-to-fabric market? - Management acknowledged challenges in 2025 but expressed confidence in a stronger pipeline and innovative solutions for the footwear market [69][70]

Kornit Digital (NasdaqGS:KRNT) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsAndrew Backman - Chief Capital Markets OfficerAssaf Zipori - CFOErik Woodring - Managing Director of Equity ResearchRonen Samuel - CEOTroy Jensen - Managing DirectorConference Call ParticipantsBrian Drab - Partner and Equity Research Analyst of Industrial TechnologyChris Moore - Senior AnalystGreg Palm - Senior Research AnalystJames Ricchiuti - Senior AnalystTavy Rosner - Vice President and Equity Research ...

Kornit Digital (KRNT) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +31.68%. A quarter ago, it was expected that this digital textile printer would post earnings of $0.04 per share when it actually produced earnings of $0.09, delivering a surprise of +125%.Over the last four quarter ...