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 ...

Financial Data and Key Metrics Changes - Q4 2024 revenues were reported at $60.7 million, reflecting a year-over-year growth of 7% driven by system sales and revenue from the AIC model [21][24] - For the full year 2024, revenues totaled $203.8 million, down from $219.8 million in 2023, primarily due to lower systems and services sales, partially offset by growth in consumables [21][22] - Non-GAAP gross margin for Q4 was 55.1%, up from 48.6% in the same period last year, while the full year gross margin improved to 48.6% from 38.4% in 2023 [22][25] - Adjusted EBITDA for Q4 was $8.4 million, significantly up from $0.2 million in the same period last year, with a margin of 13.8% compared to 0.3% [24][25] - Operating cash flow for Q4 increased to $26.7 million from $2.6 million year-over-year, with full year cash flow at $48.7 million compared to negative $34.7 million in 2023 [26] Business Line Data and Key Metrics Changes - The Apollo platform was highlighted as a key driver of performance, with 15 systems delivered in 2024, contributing to mass-scale digital production [10][12] - The company successfully transitioned customers from Atlas to Atlas MAX and is now upgrading to Atlas MAX Plus, indicating strong adoption of new technology [13] - The AIC model is driving strong adoption and generating meaningful annual recurring revenue (ARR), which will be reported starting Q1 2025 [13][30] Market Data and Key Metrics Changes - Kornit expanded into new markets such as bulk apparel, footwear, and home decor, with significant steps taken in the footwear sector, including deliveries to major customers in Asia [14][15] - The company noted a shift towards on-demand manufacturing among brands and retailers, which is critical for responding to consumer demand while minimizing excess inventory [17][18] Company Strategy and Development Direction - Kornit aims to build a resilient and profitable business, focusing on execution in 2025 to translate the foundation laid in 2024 into scalable growth [19][20] - The company is emphasizing customer success, account management, and recurring revenue growth, with a strong focus on innovation and disciplined financial management [15][20] - Kornit plans to deliver 30 Apollo systems in 2025, doubling the number delivered in 2024, indicating confidence in demand and market potential [39][95] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about 2025, citing a strong pipeline and visibility for revenue growth, particularly from the Apollo and AIC models [46][47] - However, they acknowledged macroeconomic uncertainties, including potential tariffs and inflationary pressures that could impact consumer purchasing power [18][19] - The company is closely monitoring customer behavior in light of geopolitical developments and potential tariffs, with a "wait and see" approach from customers [76][78] Other Important Information - Kornit executed $75 million of its $100 million share repurchase program, with plans to complete the remaining amount by mid-2025 [16][27] - The company is focused on improving gross margins and expects a moderate improvement in 2025 compared to 2024 [92][93] Q&A Session Summary Question: Goals for 2025 and top line growth potential - Management highlighted 2024 as a transformative year with clear targets set for positive EBITDA and substantial cash generation, with a focus on execution in 2025 [35][38] Question: Roll-to-roll opportunity in 2025 - Management noted improvements in the roll-to-roll market due to new product releases and increased demand from customers, indicating optimism for 2025 [50][57] Question: Performance of Apollo during the holiday season - Apollo systems exceeded expectations during the peak season, with high customer satisfaction and plans for additional orders [60][64] Question: Equipment purchases or upgrades from strategic accounts - Management confirmed ongoing upgrades from key customers, including Printful, and expressed satisfaction with the performance of upgraded systems [70][72] Question: Gross margins in Q1 - Management indicated that Q1 is typically the lowest gross margin quarter due to seasonality, but improvements in cost efficiency are expected [75][82] Question: Customer behavior regarding tariffs - Customers are uncertain about potential tariffs and are adopting a "wait and see" approach, with some considering moving operations onshore [76][78] Question: Number of customers for Apollo systems in 2025 - Management indicated a mix of existing and new customers for the 30 Apollo systems planned for 2025, with a balanced approach to installations [99][101]

Core Viewpoint - Kornit Digital reported quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.21 per share, but showing an improvement from $0.08 per share a year ago, indicating a year-over-year growth in earnings despite the earnings surprise of -14.29% [1][2] Financial Performance - The company posted revenues of $60.7 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.54% and showing an increase from $56.59 million in the same quarter last year [2] - Over the last four quarters, Kornit Digital has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Kornit Digital shares have declined approximately 5.8% since the beginning of the year, contrasting with the S&P 500's gain of 3.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.01 on revenues of $47.3 million, while for the current fiscal year, it is $0.36 on revenues of $225.61 million [7] Industry Outlook - The Commercial Printing industry, to which Kornit Digital belongs, is currently ranked in the top 12% of over 250 Zacks industries, suggesting a favorable outlook for the sector [8]

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 ...