Investor Contact: Jared Maymon Global Head of Investor Relations jared.maymon@kornit.com Kornit Digital Reports Third Quarter 2023 Results Rosh-Ha`Ayin, Israel – November 8, 2023 – Kornit Digital Ltd. ("Kornit" or the "Company") (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies, reported today its results for the third quarter ended September 30, 2023. "We delivered third quarter revenues within our guidance range, despite a challenging ...

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 O ...

Financial Data and Key Metrics Changes - The company reported second quarter revenues of $56.2 million, aligning with the guidance provided in May, despite lower system sales volumes leading to a decline in gross margin to 36.1% from 38.6% year-over-year [4][8][63] - Adjusted EBITDA loss for Q2 2023 was $10.7 million, an improvement from a loss of $15.7 million in the same period last year, with an adjusted EBITDA margin of negative 19% [64] - The company expects revenues for Q3 2023 to be between $58 million and $62 million, with adjusted EBITDA margins projected to be in the negative 6% to negative 13% range [65] Business Line Data and Key Metrics Changes - Consumable revenue grew at a strong double-digit rate across customer segments, contributing to overall revenue growth despite lower system sales [4][63] - The services business demonstrated exceptional revenue growth during Q2, driven by customer upgrades to MAX technology [44][63] Market Data and Key Metrics Changes - In the Americas, year-over-year growth was attributed to a double-digit increase in consumables across strategic accounts, while EMEA faced a decline in system sales due to financing challenges [63] - The APAC region experienced healthy growth in consumables and services compared to the same period last year, particularly in key textile producing countries like India and China [47] Company Strategy and Development Direction - The company is focusing on diversifying its customer base and entering new markets, with a strong emphasis on launching the Apollo platform and capitalizing on growth opportunities in direct-to-fabric business [5][6] - Kornit aims to achieve breakeven on an adjusted EBITDA basis in Q4 2023 and deliver profitable growth for the full year 2024 [5][64] Management's Comments on Operating Environment and Future Outlook - Management noted that while system sales volumes remain soft due to capital equipment spending challenges, there is a positive trend in consumables and services revenue growth [44][63] - The company anticipates a strong Q3 and Q4 driven by increased engagement with brands and retailers, particularly in the sports and athleisure markets [22][27] Other Important Information - Kornit successfully introduced new technologies at the ITMA trade show, receiving positive feedback and securing a significant number of leads and sales orders [6][61] - The company has repurchased approximately 938,000 shares for an aggregate amount of $21.8 million, reflecting confidence in its financial position [48] Q&A Session Summary Question: Can you discuss the upgrade timing for larger customers going into 2024? - Management indicated that upgrades are expected to continue in Q3, with a strong focus on completing upgrades before Q4, as customers are busy during that period [54][72] Question: How is the relationship with Amaze progressing? - The company is optimistic about the growth potential with Amaze, noting that they are testing the Apollo system and exploring additional opportunities [56][74] Question: What is the outlook for revenue recognition for new products? - Management stated that many deals signed at ITMA will be implemented in early 2024, with a strong pipeline for direct-to-fabric systems [84][86] Question: Can you provide insight into financing alternatives for customers? - The company is exploring third-party financing options to support qualified buyers, which could drive conversions moving forward [63][76]

Investor Contact: Andrew G. Backman Global Head of Investor Relations andrew.backman@kornit.com Kornit Digital Reports Second Quarter 2023 Results Rosh-Ha'Ayin, Israel – August 9, 2023 – Kornit Digital Ltd. ("Kornit" or "the Company") (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies, reported today its results for the second quarter ended June 30, 2023. "During the quarter, impressions grew at a double-digit pace year-over-year for the ...

KORNIT DIGITAL (NASDAQ: KRNT) Second Quarter 2023 ON TODAY'S CALL Amir Shaked Mandel EVP Corp Dev SAFE HARBOR Kornit, Kornit Digital, the K logo, and NeoPigment are trademarks of Kornit Digital Ltd. All other trademarks are the property of their respective owners and are used for reference purposes only. Such use should not be construed as an endorsement of our products or services. BUSINESS 4 ©2023 Kornit Digital. All rights reserved. • As a reminder, revenues include the impact from the fair value of issu ...

[Report Highlights and Management Commentary](index=1&type=section&id=Report%20Highlights%20and%20Management%20Commentary) Management discusses Q1 results amid macroeconomic pressures, highlighting strategic account growth and new technology showcases Q1 2023 Key Metrics | Metric | Value | | :--- | :--- | | Revenues | $47.8 million | | GAAP Net Loss | $18.9 million | | Non-GAAP Net Loss | $13.4 million | - Several larger direct-to-garment (DTG) strategic accounts in the customized design market showed **double-digit year-over-year impressions growth**[3](index=3&type=chunk)[4](index=4&type=chunk) - The company is gaining momentum with its **MAX technology**, which is becoming an industry standard, and had a strong quarter for Atlas MAX Poly and Presto MAX[3](index=3&type=chunk) - Kornit plans to showcase new cutting-edge solutions, including the **Apollo system**, at the ITMA tradeshow in Milan, aiming to revolutionize markets traditionally served by analog production[3](index=3&type=chunk)[4](index=4&type=chunk) [Financial Performance](index=2&type=section&id=Financial%20Performance) Q1 financials show a significant revenue decline and wider net loss, with modest revenue guidance for Q2 [First Quarter 2023 Results of Operations](index=2&type=section&id=First%20Quarter%202023%20Results%20of%20Operations) Q1 2023 revenue fell to $47.8 million from $83.3 million YoY, driving a GAAP net loss of $18.9 million and lower gross margins Q1 2023 vs Q1 2022 Financial Comparison (in millions, except per share data) | Metric | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Total Revenue | $47.8 | $83.3 | | GAAP Gross Profit Margin | 27.4% | 40.1% | | Non-GAAP Gross Profit Margin | 30.2% | 41.5% | | GAAP Net Loss | $(18.9) | $(5.2) | | GAAP Loss per Share | $(0.38) | $(0.10) | | Non-GAAP Net (Loss)/Income | $(13.4) | $0.2 | | Non-GAAP (Loss)/Earnings per Share | $(0.27) | $0.00 | | Adjusted EBITDA | $(14.7) | $1.5 | [Second Quarter 2023 Guidance](index=2&type=section&id=Second%20Quarter%202023%20Guidance) The company projects Q2 2023 revenues of $54-$59 million with a negative adjusted EBITDA margin Q2 2023 Guidance | Metric | Guidance Range | | :--- | :--- | | Revenues | $54 million - $59 million | | Adjusted EBITDA Margin | -19% to -27% | [Financial Statements](index=4&type=section&id=Financial%20Statements) The statements detail the company's financial position, operating results, and cash flow activities for Q1 2023 [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) Total assets slightly decreased to $947.1 million, with a major shift from bank deposits to cash and equivalents Balance Sheet Highlights (in thousands) | Account | March 31, 2023 | December 31, 2022 | | :--- | :--- | :--- | | Cash and cash equivalents | $352,950 | $104,597 | | Short-term bank deposit | $101 | $275,033 | | Total Assets | $947,057 | $957,666 | | Total Liabilities | $94,027 | $88,844 | | Total Shareholders' Equity | $853,030 | $868,822 | [Consolidated Statements of Operations](index=5&type=section&id=Consolidated%20Statements%20of%20Operations) Q1 revenues fell to $47.8 million due to lower Product sales, resulting in an operating loss of $24.1 million Q1 Statement of Operations (in thousands, except per share data) | Line Item | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Product Revenues | $31,903 | $72,514 | | Services Revenues | $15,875 | $10,779 | | **Total Revenues** | **$47,778** | **$83,293** | | Gross Profit | $13,072 | $33,402 | | Operating Loss | $(24,141) | $(6,905) | | Net Loss | $(18,931) | $(5,197) | | Basic Loss Per Share | $(0.38) | $(0.10) | [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operations was $14.0 million, while investing activities provided $269.2 million in cash Q1 Cash Flow Summary (in thousands) | Cash Flow Activity | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Net cash used in operating activities | $(14,004) | $(47,082) | | Net cash provided by (used in) investing activities | $269,202 | $(486,974) | | Net cash used in financing activities | $(6,845) | $(211) | | **Increase (decrease) in cash and cash equivalents** | **$248,353** | **$(534,267)** | [Reconciliation of GAAP to Non-GAAP Measures](index=6&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures) This section reconciles GAAP to non-GAAP results, adjusting for items like share-based compensation and amortization [Reconciliation of GAAP to Non-GAAP Statements of Operations](index=6&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Statements%20of%20Operations) Adjustments for non-cash items resulted in a non-GAAP net loss of $13.4 million versus a GAAP loss of $18.9 million Q1 2023 GAAP to Non-GAAP Net Loss Reconciliation (in thousands) | Description | Amount | | :--- | :--- | | **GAAP Net Loss** | **$(18,931)** | | Share-based compensation | $5,245 | | Intangible assets amortization | $611 | | Restructuring expenses | $295 | | Foreign exchange differences associated with ASC 842 | $(376) | | Non-cash deferred tax income | $(221) | | **Non-GAAP Net Loss** | **$(13,377)** | [Reconciliation of GAAP Net Income to Adjusted EBITDA](index=9&type=section&id=Reconciliation%20of%20GAAP%20Net%20Income%20to%20Adjusted%20EBITDA) Adjusted EBITDA was a loss of $14.7 million in Q1 2023, down from a positive $1.5 million in the prior year Q1 GAAP Net Loss to Adjusted EBITDA Reconciliation (in thousands) | Description | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | **GAAP Net Loss** | **$(18,931)** | **$(5,197)** | | Taxes on income | $194 | $91 | | Financial income | $(5,404) | $(1,799) | | Share-based compensation | $5,245 | $5,298 | | Intangible assets amortization | $611 | $419 | | Depreciation | $3,262 | $2,161 | | Other adjustments | $295 | $512 | | **Adjusted EBITDA** | **$(14,728)** | **$1,485** | [Other Information](index=2&type=section&id=Other%20Information) This section includes forward-looking statements, non-GAAP disclosures, and conference call details [Forward-Looking Statements](index=3&type=section&id=Forward-Looking%20Statements) The company outlines potential risks including macroeconomic conditions, product adoption, and competition - Identified risks include the duration of **macroeconomic headwinds**, success in selling new products like Poly Pro and Presto, and competition[11](index=11&type=chunk) [Non-GAAP Discussion Disclosure](index=3&type=section&id=Non-GAAP%20Discussion%20Disclosure) The company explains its use of non-GAAP measures to provide a view of core operating performance - Non-GAAP measures are used by management for **planning, forecasting, and evaluating** the business's ongoing performance[14](index=14&type=chunk) - Adjustments to GAAP measures include **share-based compensation**, amortization of intangible assets, acquisition-related expenses, restructuring expenses, and certain foreign exchange differences[12](index=12&type=chunk) [Conference Call Information](index=2&type=section&id=Conference%20Call%20Information) The company hosted a conference call on May 10, 2023, to discuss Q1 results, with a replay available - The earnings conference call was held on **May 10, 2023**, with a replay available until May 24, 2023[7](index=7&type=chunk)[8](index=8&type=chunk)

Kornit Digital Ltd. (NASDAQ:KRNT) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Andrew G. Backman - Global Head of Investor Relations Ronen Samuel - Chief Executive Officer Lauri Hanover - Chief Financial Officer Conference Call Participants Tavy Rosner - Barclays Erik Woodring - Morgan Stanley Chris Moore - CJS Securities Jared Maymon - Berenberg Capital Markets Danny Eggerichs - Craig-Hallum Operator Greetings, and welcome to Kornit Digital's First Quarter 2023 Earnings Con ...

Earnings Conference Call Supporting Slides May 10, 2023 Lauri Hanover CFO SAFE HARBOR This presentation contains statistical data that we obtained from industry publications and reports generated by third parties. Although we believe that the publications and reports are reliable, we have not independently verified this statistical data. BUSINESS 4 ©2023 Kornit Digital. All rights reserved. • Promising indicators emerged in certain parts of our business, despite macro pressures in operating environment • Gl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Secu ...

Kornit Digital Ltd. (NASDAQ:KRNT) Q4 2022 Earnings Conference Call February 15, 2023 8:30 AM ET Company Participants Andrew Backman - Global Head of Investor Relations Ronen Samuel - Chief Executive Officer Lauri Hanover - Chief Financial Officer Amir Shaked-Mandel - Executive Vice President of Corporate Development Conference Call Participants Jim Suva - Citigroup Tavy Rosner - Barclays Brian Drab - William Blair Erik Woodring - Morgan Stanley James Ricchiuti - Needham & Company Chris Moore - CJS Securitie ...