Investor Contact: Fourth Quarter 2024 Results of Operations Full Year 2024 Results of Operations Jared Maymon Global Head of Investor Relations Jared.Maymon@Kornit.com Kornit Digital Reports Fourth Quarter and Full Year 2024 Results Rosh-Ha'Ayin, Israel – February 12, 2024 – Kornit Digital Ltd. ("Kornit" or the "Company") (Nasdaq: KRNT), a global leader in sustainable, on-demand, digital fashion and textile production technologies, today reported its results for the fourth quarter and full year ended Decemb ...

Core Insights - Kornit Digital Ltd. reported strong performance in Q4 2024, driven by a successful peak season and increased customer engagement, particularly with the Apollo platform [2][5] - The company achieved positive EBITDA and strong cash flow from operations for both Q4 and the full year 2024, setting the stage for profitable growth in 2025 [5][12] - Kornit aims to translate its foundational achievements in 2024 into scalable and profitable growth in 2025, focusing on market leadership and innovation [2][5] Q4 2024 Results - Q4 2024 revenues reached $60.7 million, up from $56.6 million in Q4 2023, primarily due to growth in product revenue [6][22] - GAAP net income for Q4 2024 was $2.2 million, a significant improvement from a net loss of $22.9 million in Q4 2023 [6][21] - Non-GAAP net income for Q4 2024 was $8.7 million, compared to $3.8 million in Q4 2023 [6][21] - Adjusted EBITDA for Q4 2024 was $8.4 million, with an adjusted EBITDA margin of 13.8%, compared to $0.2 million and 0.3% in Q4 2023 [6][31] Full Year 2024 Results - Total revenue for the full year 2024 was $203.8 million, down from $219.8 million in 2023, mainly due to lower systems revenue [6][12] - GAAP gross profit margin for the full year 2024 was 45.0%, up from 30.5% in the prior year [6][12] - Non-GAAP gross profit margin for the full year 2024 was 48.6%, compared to 38.4% in 2023 [6][12] - GAAP net loss for the full year 2024 was $16.8 million, significantly improved from a net loss of $64.4 million in 2023 [12][21] First Quarter 2025 Guidance - For Q1 2025, Kornit expects revenues to be between $45.5 million and $49.5 million, with an adjusted EBITDA margin projected between -9% and -4% [7]

Core Viewpoint - Kornit Digital Ltd. is set to release its financial results for Q4 and the full year ended December 31, 2024, on February 12, 2025, prior to market opening [1]. Financial Results Announcement - The financial results will be discussed in an earnings conference call and webcast on February 12 at 8:30 am ET, accessible via Kornit's website [2]. - Live call dial-in numbers are provided for participants, including a toll-free option for Israel [2][3]. - A replay of the call will be available on the company's website and through dial-in options for a limited time after the live call [3]. Company Overview - Kornit Digital is a global leader in sustainable, on-demand digital fashion and textile production technologies, offering comprehensive solutions including digital printing systems, inks, consumables, software, and fulfillment services [4]. - The company operates globally, serving customers in over 100 countries, with headquarters in Israel and offices in the USA, Europe, and Asia Pacific [4].

Leading the charge in the dynamic e-commerce market, 500 LEVEL is delivering premium-quality MLB, MLS, NBA, NFL, NHL, UFC and WWE Apparel with unmatched speed and precisionPowered by Kornit Atlas MAX, fan-designed licensed gear now produced and shipped in as little as 24 hours, revolutionizing the officially licensed fan gear experience ROSH-HA`AYIN, Israel, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ:KRNT) ("Kornit" or the "Company"), a global pioneer in sustainable, on-demand digital fas ...

Core Insights - Kornit Digital has partnered with 500 LEVEL to enhance the production and fulfillment of sports apparel, enabling delivery within 24 hours [1][2][3] - The collaboration utilizes Kornit Atlas MAX technology, which allows for high-quality, on-demand production that meets the fast-paced demands of the e-commerce sports apparel market [1][4] Company Overview - Kornit Digital is a leader in sustainable, on-demand digital fashion and textile production technologies, providing end-to-end solutions including digital printing systems and fulfillment services [5] - 500 LEVEL, founded in 2012, specializes in custom-designed sports apparel that captures the essence of sports legends and moments, with rights to produce gear for major leagues like MLB, MLS, NBA, NHL, NFL, UFC, and WWE [6] Market Impact - The partnership aims to redefine the fan experience by delivering vibrant, high-quality apparel quickly, thus setting a new standard in the online sportswear industry [4] - The technology employed by Kornit Digital is positioned to revolutionize the gameday experience for sports fans, allowing them to express their passion through premium merchandise [3][4]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Kornit Digital (KRNT) - Kornit Digital currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, KRNT shares have increased by 32.31%, significantly outperforming the Zacks Commercial Printing industry, which rose by 1.63% [5] - In a longer timeframe, KRNT shares have gained 60% over the past quarter and 73.89% over the last year, while the S&P 500 has only increased by 9.45% and 33.9%, respectively [6] Trading Volume - The average 20-day trading volume for KRNT is 302,623 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for KRNT have been revised upwards, increasing the consensus estimate from $0.16 to $0.24 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions noted [9]

Have you been paying attention to shares of Kornit Digital (KRNT) ? Shares have been on the move with the stock up 30.6% over the past month. The stock hit a new 52-week high of $32.58 in the previous session. Kornit Digital has gained 67.2% since the start of the year compared to the 19.5% move for the Zacks Industrial Products sector and the 47.8% return for the Zacks Commercial Printing industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it has ...

I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. My historical focus has been mostly on tech stocks but over the past couple of years I have also started broad coverage of the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, drybulk). In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for Pric ...

| --- | --- | |----------------------------------------------------------------------------------------------------------------|-------| | | | | | | | Kornit Digital (NASDAQ: KRNT) Third Quarter 2024 Earnings Conference Call Supporting Slides November 6, 2024 | | | | | | | | On Today's Call Ronen Samuel CEO Lauri Hanover CFO Jared Maymon Investor Relations Karnit Digital All Rights Reserved. Kornit Digital Safe Harbor This presentation contains "forward-looking statements" within the meaning of the Private ...

Financial Data and Key Metrics Changes - Revenues for Q3 2024 were reported at $50.7 million, within the guidance range of $48 million to $52 million [18] - Adjusted EBITDA was positive at $1.5 million, a significant improvement from negative $5.6 million in the same period last year [21] - Non-GAAP gross margin reached 50.3%, compared to 37.4% in the same period last year, driven by a favorable sales mix [19] - Operating cash flow for Q3 was $13.6 million, with free cash flow improving year-over-year due to cost savings and strong collections [22][23] Business Line Data and Key Metrics Changes - System sales declined year-over-year, while service sales remained approximately flat; however, impressions and consumable sales grew [18] - The AIC model is driving a shift in the business, with 12 out of 15 Apollo systems shipped this year, and a growing pipeline of analog screen businesses interested in Apollo and Max technology [9][25] Market Data and Key Metrics Changes - The market is showing signs of recovery, with strong consumable and systems orders for Q4 delivery, supporting expectations for at least 20% revenue growth in the second half of the year compared to the first half [15] - Significant progress in the footwear market in China, with new orders from major brands and existing customers ramping up production [14] Company Strategy and Development Direction - The company is focused on a revamped go-to-market strategy that emphasizes agility, creativity, and sustainability in production, addressing the needs of brands and retailers [8] - Kornit aims to deliver 30 Apollo systems in 2025, with approximately 20 expected to be on the AIC model, aligning with long-term financial targets of double-digit revenue growth and increased recurring revenues [12][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing shift towards on-demand production, highlighting the need for speed, flexibility, and sustainability in the market [28][52] - The company is optimistic about 2025, viewing it as a transition year with expected growth and improved profitability, while anticipating more acceleration in 2026 and beyond [45][57] Other Important Information - The company has a robust balance sheet with a cash balance of $561 million at the end of the quarter [22] - Kornit is set to begin a $100 million share repurchase program following the conclusion of its blackout period [24] Q&A Session Summary Question: Overall market momentum and Apollo systems - Management noted a clear shift in the market towards on-demand production, with brands seeking agility and flexibility, and expressed satisfaction with operational progress in Q3 [28][30] Question: 2025 outlook and global strategic accounts - Management refrained from providing specific guidance for 2025 but indicated a belief in growth and profitability, with ongoing engagement with global strategic accounts [45][47] Question: Shift from analog to digital production - Management confirmed a strong conviction in the shift towards digital production, driven by market demands for speed and flexibility, as well as advancements in technology [51][52] Question: Cost discipline and operating leverage - Management emphasized a focus on driving efficiencies and reallocating resources to support growth for 2025 and beyond, while expecting improvements in profitability [58][57] Question: Apollo systems manufacturing capability - Management expressed confidence in the manufacturing capabilities for Apollo systems, with contingency plans in place to mitigate any potential impacts from external factors [73]