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 (KRNT) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 37.50%. A quarter ago, it was expected that this digital textile printer would post a loss of $0.01 per share when it actually produced earnings of $0.02, delivering a surprise of 300%.Over the last four quarters, the c ...

Exhibit 99.1 Investor Contact: Jared Maymon Global Head of Investor Relations & Strategic Finance Jared.Maymon@Kornit.com Kornit Digital Reports Third Quarter 2024 Results ● Third quarter revenues of $50.7 million, in line with previous guidance ● Third quarter GAAP net loss of $0.9 million; non-GAAP net income of $5.5 million ● Continued positive cash generation from operations ● Significant year-over-year improvement in non-GAAP gross margin and return to adjusted EBITDA profitability ● Industry-leading p ...

Third quarter revenues of $50.7 million, in line with previous guidanceThird quarter GAAP net loss of $0.9 million; non-GAAP net income of $5.5 millionContinued positive cash generation from operationsSignificant year-over-year improvement in non-GAAP gross margin and return to adjusted EBITDA profitabilityIndustry-leading platforms, Apollo and Atlas MAX, continue to gain adoption among screen-replacement customers, driven by the new AIC model ROSH-HA`AYIN, Israel, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Kornit D ...