Financial Performance & Growth - Total revenues for Q1 2022 grew by 26% year-over-year, reaching $83.3 million, net of an $8.0 million impact from warrants related to a global strategic account[9, 27] - Service revenues increased by 32% year-over-year to $10.8 million, representing 13% of total revenue[27] - The top 10 largest accounts contributed 53% of total revenues in Q1 2022[27] - Asia Pacific achieved a record quarter, while EMEA delivered one of its best quarters ever, and the Americas remained strong[11, 27] Product & Business Highlights - The company saw excellent adoption and feedback for Atlas Max, with initial stages of Atlas-to-Atlas-MAX upgrades underway[11] - Presto MAX represents the majority of the company's DTF (Direct-to-Fabric) pipeline, with an increasing backlog for Presto MAX upgrades[12] - The company is launching a new strategic partnership with Wix.com to enable on-demand fulfillment services, expected to go live later this quarter[13] - The company introduced Atlas MAX Poly and Kornit Apollo, with commercial availability for Apollo expected in mid-2023[15, 16] Future Expectations & Guidance - The company expects to deliver $125 million run-rate business originally targeted for 4Q 2023 ahead of plan[25] - The company remains confident in its journey to become a $1 billion business in 2026[25] - For Q2 2022, the company expects revenues to be in the range of $85 million to $95 million[37] - The company anticipates higher operating margins in the second half of 2022, with operating margins in 3Q22 and 4Q22 in the low to mid-teens[37]

Financial Position - The company has raised $339.8 million in net proceeds from its November 2021 follow-on public offering and had approximately $798.1 million in cash, cash equivalents, short-term deposits, and marketable securities as of December 31, 2021[89]. - The company may need additional capital in the future, which could lead to dilution of existing shareholders and restrict operations[89]. - The company may incur significant expenses related to product liability and warranty claims, which could adversely affect its financial condition[88]. - The company may face increased credit loss reserves as customers experience economic hardship, impacting financial condition and liquidity[100]. - The company is subject to income taxes in multiple jurisdictions and may face additional tax liabilities as a result of audits[92]. International Operations - The company plans to continue expanding its international operations, which includes increasing sales headcount and establishing new distributor relationships in markets without current sales presence[83]. - The company is exposed to risks from currency exchange rate fluctuations, particularly with a significant portion of operating expenses incurred in NIS[1]. - The company has experienced changes in senior personnel, including the CFO in December 2020 and the President of KornitX in November 2021, which could affect its performance[80]. Acquisitions and Growth - The company has acquired Custom Gateway and Voxel8 in 2020 and 2021, respectively, and announced an agreement to acquire Tesoma, expected to close in April 2022[91]. - KornitX has approximately 250 customers, including leading brands and retailers, following the acquisition of Custom Gateway[94]. - The company has experienced strong year-over-year growth in revenues during 2021 as economies began to open up[99]. Legal and Compliance Risks - The company is required to comply with the Sarbanes-Oxley Act, which imposes significant legal and accounting expenses[122]. - The company may face claims for remuneration related to service inventions, despite employees waiving their rights to special remuneration beyond regular salary[111]. - The company may face adverse U.S. federal income tax consequences if any of its non-U.S. subsidiaries are classified as a "controlled foreign corporation" (CFC) under U.S. tax law[127]. - Changes to CFC constructive ownership rules could impact the company's CFC status and result in adverse tax consequences for 10% U.S. shareholders, including current taxation of Subpart F income[128]. Taxation and Grants - The company is eligible for tax benefits under Israeli law, but these benefits may be reduced or terminated, increasing costs and taxes[134]. - The company received grants from the Israeli Innovation Authority to reimburse up to 55% of research and development expenses, totaling approximately $0.61 million and $0.65 million in 2020 and 2021, respectively[135]. - The statutory corporate tax rate for Israeli companies is 23% from January 1, 2018, onward, which could impact the company's tax liabilities[134]. Operational Challenges - The COVID-19 pandemic has led to longer sales cycles due to the inability to conduct in-person meetings and attend industry events[99]. - The company has faced challenges in employee productivity and sales efforts due to remote work arrangements during the pandemic[100]. - The full impact of COVID-19 on the company's business and future performance remains difficult to predict, increasing the risk of incorrect market guidance[102]. Intellectual Property - As of December 31, 2021, the company owned 37 issued patents in the United States and 43 provisional or pending U.S. patent applications[104]. - The company has registered trademarks in key markets, including "Kornit" and "NeoPigment," but faces risks of unauthorized use[106]. Shareholder Matters - The company has never paid cash dividends and does not anticipate doing so in the foreseeable future, intending to retain all available funds for business development[114]. - Future sales of a substantial number of ordinary shares could negatively affect the market price of the company's shares[119]. - The company is classified as a foreign private issuer, which allows it to follow certain home country corporate governance practices, potentially providing less protection to investors[115]. Employee and Market Risks - The company may face challenges in attracting and retaining qualified personnel due to competition and non-competition agreements in certain jurisdictions[81]. - The company has 499 employees based in Israel, some of whom may be called for military service, potentially disrupting operations[131]. - Political, economic, and military instability in Israel could adversely affect the company's business operations and results[130].

Kornit Digital Ltd. (NASDAQ:KRNT) Q4 2021 Earnings Conference Call February 15, 2022 8:30 AM ET Company Participants Andrew Backman - Global Head of Investor Relations Ronen Samuel - Chief Executive Officer Alon Rozner - Chief Financial Officer Amir Shaked-Mandel - Executive Vice President of Corporate Development Conference Call Participants Rod Hall - Goldman Sachs Patrick Ho - Stifel Nicolaus & Company Jim Suva - Citigroup Brian Drab - William Blair Tavy Rosner - Barclays Greg Palm - Craig-Hallum James R ...

1 ©2022 Kornit Digital. All rights reserved. matters KORNIT DIGITAL (NASDAQ: KRNT) Fourth Quarter & Full Year 2021 Earnings Conference Call Supporting Slides February 15, 2022 SAFE HARBOR This presentation contains forward-looking statements within the meaning of U.S. securities laws. All statements other than statements of historical fact contained in this presentation are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," ...

1 ©2021 Kornit Digital. All rights reserved. KORNIT DIGITAL (NASDAQ: KRNT) Q3 2021 EARNINGS CALL SUPPORTING SLIDES SAFE HARBOR This presentation contains forward-looking statements within the meaning of U.S. securities laws. All statements other than statements of historical fact contained in this presentation are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," " ...

Kornit Digital Ltd. (NASDAQ:KRNT) Q3 2021 Earnings Conference Call November 10, 2021 8:30 AM ET Company Participants Andrew Backman - Global Head of Investor Relations Ronen Samuel - Chief Executive Officer Alon Rozner - Chief Financial Officer Amir Shaked-Mandel - Executive Vice President of Corporate Development Conference Call Participants Chris Reimer - Barclays Rod Hall - Goldman Sachs Jim Suva - Citi Brian Drab - William Blair & Company Patrick Ho - Stifel Financial Corp. James Ricchiuti - Needham & C ...

Kornit Digital Ltd. (NASDAQ:KRNT) Q2 2021 Earnings Conference Call August 10, 2021 8:30 AM ET Company Participants Andrew Backman - Global Head of Investor Relations Ronen Samuel - Chief Executive Officer Alon Rozner - Chief Financial Officer Conference Call Participants Rod Hall - Goldman Sachs Jim Suva - Citigroup Brian Drab - William Blair and Company Jim Ricchiuti - Needham and Company David Mizrahi - Berenberg Danny Eggerichs - Craig Hallum Capital Tavy Rosner - Barclays Patrick Ho - Stifel Financial C ...

1 ©2021 Kornit Digital. All rights reserved. KORNIT DIGITAL (NASDAQ: KRNT) Q2 2021 EARNINGS CALL SUPPORTING SLIDES SAFE HARBOR This presentation contains forward-looking statements within the meaning of U.S. securities laws. All statements other than statements of historical fact contained in this presentation are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," " ...

Financial Goals and Projections - Kornit's goal is to achieve $1 billion in revenue by 2026[10] - The company is targeting a gross margin of 50%-54% and an operating margin of over 20% by 2026[70, 76] - KornitX revenue goal is to exceed $100 million in 2026[67] - The company's annual run rate goal is $500 million before the end of 2023[70] Market Opportunity and Technology - The Direct-to-Garment (DTG) market represents a Total Addressable Market (TAM) of 21 billion impressions in 2020, projected to reach 31 billion impressions by 2026[47] - The Direct-to-Fabric (DTF) market represents a TAM of 39 billion square meters in 2020, projected to reach 42 billion square meters in 2026[51] - Embroidery represents a $5.2 billion impressions market[29] - Heat Transfer and Vinyl represent a 2.2 billion impressions market[34] - High Density represents a 0.3 billion impressions market[37] Technological Advancements - The company introduced MAX Technology, setting a new standard for on-demand production with higher quality, productivity, durability, and new sustainability applications[25, 26] - Atlas Max with automation reduces loading and unloading time from 35 seconds to 15 seconds, resulting in a 20% increase in garments per hour[43]

©2021 Kornit Digital. All rights reserved. KORNIT DIGITAL (NASDAQ: KRNT) 1 Q1 2021 EARNINGS CALL SUPPORTING SLIDES SAFE HARBOR This presentation contains forward-looking statements within the meaning of U.S. securities laws. All statements other than statements of historical fact contained in this presentation are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," " ...