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 ...

Core Viewpoint - Kornit Digital reported quarterly earnings of $0.11 per share, exceeding the Zacks Consensus Estimate of $0.08 per share, and showing a significant improvement from a loss of $0.07 per share a year ago [1] Financial Performance - The company achieved revenues of $50.73 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.12%, although this represents a decline from $59.22 million in the same quarter last year [2] - Kornit Digital has surpassed consensus EPS estimates in all four of the last quarters [2] Stock Performance - Kornit Digital shares have increased approximately 26.5% since the beginning of the year, outperforming the S&P 500's gain of 21.2% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for it to outperform the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.17 on revenues of $57.12 million, and for the current fiscal year, it is $0.16 on revenues of $198.71 million [7] - The trend of estimate revisions for Kornit Digital has been favorable leading up to the earnings release [6] Industry Context - The Commercial Printing industry, to which Kornit Digital belongs, is currently ranked in the top 6% of over 250 Zacks industries, suggesting a strong performance potential [8]

[Executive Summary & Business Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Business%20Highlights) This section provides an overview of Kornit Digital's third-quarter 2024 performance, strategic direction, and company profile [Third Quarter 2024 Key Highlights](index=1&type=section&id=Third%20Quarter%202024%20Results) Kornit Digital reported Q3 revenues of **$50.7 million**, a GAAP net loss of **$0.9 million**, and a non-GAAP net income of **$5.5 million**, demonstrating improved margins and adjusted EBITDA profitability Q3 2024 Financial Metrics | Metric | Q3 2024 | Q3 2023 | Change (YoY) | | :----- | :------ | :------ | :----------- | | Revenues | $50.7 million | $59.2 million | -14.3% | | GAAP Net Loss | $0.9 million | $8.2 million | Improved | | Non-GAAP Net Income (Loss) | $5.5 million | ($3.4 million) | Improved | | Non-GAAP Gross Margin | 50.3% | 37.4% | +12.9 pp | | Adjusted EBITDA | $1.5 million | ($5.6 million) | Improved | | Adjusted EBITDA Margin | 2.9% | -9.5% | +12.4 pp | - Continued positive cash generation from operations[3](index=3&type=chunk) - Industry-leading platforms, Apollo and Atlas MAX, continue to gain adoption among screen-replacement customers, driven by the new AIC model[3](index=3&type=chunk) [CEO Commentary and Strategic Direction](index=1&type=section&id=CEO%20Commentary) CEO Ronen Samuel highlighted Q3 operational progress, including gross margin expansion and return to adjusted EBITDA profitability, driven by successful product adoption and a revamped go-to-market strategy - Achieved gross margin expansion, returned to adjusted EBITDA profitability, and maintained positive cash generation as planned[4](index=4&type=chunk) - Apollo and MAX-powered products combined with revamped go-to-market and All-Inclusive-Click (AIC) model are expanding the serviceable market[5](index=5&type=chunk) - Announced new customers (Print Palace, Custom Ink) shifting production from screen to digital-direct-to-garment, and core customers (Monster Digital, Mad Engine Global, DO Apparel) expanding their on-demand digital production fleets[5](index=5&type=chunk) - Entering 2025 with the right products and model, focused on executing the plan laid out at the September Investor Event[5](index=5&type=chunk) [About Kornit Digital](index=2&type=section&id=About%20Kornit%20Digital) Kornit Digital is a global leader in sustainable, on-demand digital fashion and textile production, offering end-to-end solutions and serving customers in over 100 countries - Worldwide market leader in sustainable, on-demand, digital fashion, and textile production technologies[12](index=12&type=chunk) - Offers end-to-end solutions: digital printing systems, inks, consumables, software, and fulfillment services through a global network[12](index=12&type=chunk) - Headquartered in Israel with offices in USA, Europe, and Asia Pacific, serving customers in over 100 countries[12](index=12&type=chunk) [Third Quarter 2024 Financial Performance](index=2&type=section&id=Third%20Quarter%202024%20Financial%20Performance) This section provides a detailed analysis of Kornit Digital's GAAP and non-GAAP financial results for Q3 2024, including statements of operations, balance sheets, and cash flows [GAAP Financial Results](index=2&type=section&id=GAAP%20Financial%20Results) This section details Kornit Digital's financial performance for the third quarter and first nine months of 2024 under Generally Accepted Accounting Principles (GAAP), presenting the consolidated statements of operations, balance sheets, and cash flows [Consolidated Statements of Operations (GAAP)](index=5&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) Q3 2024 total revenues decreased to **$50.7 million**, while gross profit increased to **$24.2 million**, and GAAP net loss significantly narrowed to **$0.9 million** from **$8.2 million** year-over-year Consolidated Statements of Operations (USD in thousands) | Metric (USD in thousands) | Q3 2024 | Q3 2023 | 9M 2024 | 9M 2023 | | :------------------------ | :------ | :------ | :------ | :------ | | Total Revenues | 50,732 | 59,224 | 143,129 | 163,201 | | Products Revenues | 36,996 | 45,486 | 100,375 | 117,472 | | Services Revenues | 13,736 | 13,738 | 42,754 | 45,729 | | Gross Profit | 24,210 | 20,620 | 60,633 | 52,385 | | Operating Loss | (7,123) | (14,658) | (36,105) | (59,712) | | Net Loss | (908) | (8,161) | (19,016) | (41,417) | | Basic Loss Per Share | (0.02) | (0.17) | (0.40) | (0.84) | | Diluted Loss Per Share | (0.02) | (0.17) | (0.40) | (0.84) | - Total revenue for Q3 2024 was **$50.7 million**, a decrease from **$59.2 million** in the prior year, primarily due to lower systems revenues[6](index=6&type=chunk)[23](index=23&type=chunk) - GAAP gross profit margin for Q3 2024 was **47.7%**, a significant improvement from **34.8%** in Q3 2023[6](index=6&type=chunk) [Consolidated Balance Sheets (GAAP)](index=4&type=section&id=CONSOLIDATED%20BALANCE%20SHEETS) As of September 30, 2024, total assets were **$850.8 million**, with increased current assets driven by cash and marketable securities, and a reduction in total liabilities Consolidated Balance Sheets (USD in thousands) | Metric (USD in thousands) | Sep 30, 2024 (Unaudited) | Dec 31, 2023 (Audited) | | :------------------------ | :----------------------- | :--------------------- | | Total Assets | 850,791 | 865,580 | | Current Assets | 669,178 | 522,387 | | Cash and cash equivalents | 113,861 | 39,605 | | Marketable securities (current) | 217,949 | 57,292 | | Long-Term Assets | 181,613 | 343,193 | | Marketable securities (long-term) | 59,910 | 223,203 | | Total Liabilities | 57,286 | 69,913 | | Shareholders' Equity | 793,505 | 795,667 | [Consolidated Statements of Cash Flows (GAAP)](index=8&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) Net cash provided by operating activities significantly improved to **$13.6 million** in Q3 2024, contributing to a **$91.3 million** increase in cash and cash equivalents during the quarter Consolidated Statements of Cash Flows (USD in thousands) | Metric (USD in thousands) | Q3 2024 | Q3 2023 | 9M 2024 | 9M 2023 | | :------------------------ | :------ | :------ | :------ | :------ | | Net Cash Provided by (Used in) Operating Activities | 13,554 | (7,728) | 22,062 | (37,276) | | Net Cash Provided by (Used in) Investing Activities | 77,966 | (1,556) | 62,201 | 45,877 | | Net Cash Used in Financing Activities | (181) | (15,750) | (10,007) | (36,910) | | Increase (Decrease) in Cash and Cash Equivalents | 91,339 | (25,034) | 74,256 | (28,309) | | Cash and Cash Equivalents at End of Period | 113,861 | 76,288 | 113,861 | 76,288 | [Non-GAAP Financial Results and Reconciliations](index=3&type=section&id=Non-GAAP%20Financial%20Results%20and%20Reconciliations) This section presents Kornit Digital's financial performance adjusted for specific non-cash and non-recurring items, offering a clearer view of core operational results [Non-GAAP Financial Measures Disclosure](index=3&type=section&id=Non-GAAP%20Discussion%20Disclosure) Kornit Digital uses non-GAAP measures, including Adjusted EBITDA, to exclude specific non-cash and non-recurring items, providing a clearer view of core operational performance for management and investors - Non-GAAP measures exclude share-based compensation, amortization of intangible assets, restructuring expenses, foreign exchange differences (ASC 842), and non-cash deferred tax income[15](index=15&type=chunk) - Adjusted EBITDA is defined as non-GAAP operating income (loss) excluding depreciation expense[16](index=16&type=chunk) - Purpose is to convey performance exclusive of non-cash charges and other items outside core operating results, used for planning, forecasting, and internal evaluation[17](index=17&type=chunk) [Reconciliation of GAAP to Non-GAAP Statements of Operations](index=6&type=section&id=RECONCILIATION%20OF%20GAAP%20TO%20NON-GAAP%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) Q3 2024 non-GAAP gross profit increased to **$25.5 million**, with operating expenses decreasing by **14%**, resulting in a non-GAAP net income of **$5.5 million** or **$0.11** per diluted share Reconciliation of GAAP to Non-GAAP Consolidated Statements of Operations (USD in thousands) | Metric (USD in thousands) | Q3 2024 (Non-GAAP) | Q3 2023 (Non-GAAP) | 9M 2024 (Non-GAAP) | 9M 2023 (Non-GAAP) | | :------------------------ | :----------------- | :----------------- | :----------------- | :----------------- | | Non-GAAP Cost of Revenues | 25,207 | 37,078 | 77,554 | 106,332 | | Non-GAAP Gross Profit | 25,525 | 22,146 | 65,575 | 56,869 | | Non-GAAP Operating Expenses | 26,815 | 31,111 | 81,835 | 97,612 | | Non-GAAP Net Income (Loss) | 5,539 | (3,427) | 1,386 | (24,227) | | Non-GAAP Diluted EPS | 0.11 | (0.07) | 0.03 | (0.49) | - Non-GAAP operating expenses decreased by **14%** to **$26.8 million** in Q3 2024 compared to the prior year period[7](index=7&type=chunk) [Reconciliation of GAAP Net Income to Adjusted EBITDA](index=10&type=section&id=RECONCILIATION%20OF%20GAAP%20NET%20INCOME%20TO%20ADJUSTED%20EBITDA) Kornit Digital achieved an Adjusted EBITDA of **$1.5 million** in Q3 2024, a significant turnaround from a **$5.6 million** loss in Q3 2023, with the margin improving to **2.9%** Reconciliation of GAAP Net Income to Adjusted EBITDA (USD in thousands) | Metric (USD in thousands) | Q3 2024 | Q3 2023 | 9M 2024 | 9M 2023 | | :------------------------ | :------ | :------ | :------ | :------ | | GAAP Net Loss | (908) | (8,161) | (19,016) | (41,417) | | Non-GAAP Operating Loss | (1,290) | (8,965) | (16,260) | (40,743) | | Adjusted EBITDA | 1,451 | (5,623) | (8,028) | (31,060) | - Adjusted EBITDA margin for Q3 2024 was **2.9%**, a significant improvement from **-9.5%** for Q3 2023[8](index=8&type=chunk) [Financial Outlook](index=2&type=section&id=Financial%20Outlook) This section provides Kornit Digital's financial guidance for the fourth quarter of 2024, including projected revenues and adjusted EBITDA margin [Fourth Quarter 2024 Guidance](index=2&type=section&id=Fourth%20Quarter%202024%20Guidance) For Q4 2024, Kornit Digital projects revenues between **$58 million** and **$63 million**, with an adjusted EBITDA margin of **12% to 16%** Q4 2024 Guidance | Metric | Q4 2024 Guidance | | :----- | :--------------- | | Revenues | $58 million to $63 million | | Adjusted EBITDA Margin | 12% to 16% | [Additional Information](index=2&type=section&id=Additional%20Information) This section provides details on the earnings conference call and important disclosures regarding forward-looking statements [Earnings Conference Call Information](index=2&type=section&id=Third%20Quarter%20Earnings%20Conference%20Call%20Information) Kornit Digital held a conference call on November 6, 2024, to discuss Q3 results, with a webcast and telephonic replay available for access - Conference call held on November 6, 2024, at 8:30 a.m. ET to discuss results[10](index=10&type=chunk) - Live webcast accessible at ir.kornit.com; telephonic replay available until November 20, 2024[10](index=10&type=chunk)[11](index=11&type=chunk) [Forward-Looking Statements](index=3&type=section&id=Forward%20Looking%20Statements) This section outlines forward-looking statements, emphasizing their reliance on management's assumptions and inherent susceptibility to various risks and uncertainties - Forward-looking statements are characterized by terms like 'will,' 'expects,' 'anticipates,' and are not guarantees of future performance[14](index=14&type=chunk) - Based on management's assumptions and perceptions of historical trends, current conditions, and future developments[14](index=14&type=chunk) - Subject to risks and uncertainties, including adverse macro-economic headwinds, success of new products (Poly Pro, Presto, Apollo), ability to consummate large sales, and competition[14](index=14&type=chunk)

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 ...

ROSH-HA`AYIN, Israel, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or the “Company”) (Nasdaq: KRNT), a global leader in sustainable, on-demand digital fashion and textile production technologies, announced today that it will release its financial results for the third quarter ended September 30, 2024 on Wednesday, November 6, prior to the market open. The Company will host an earnings conference call and webcast reviewing these results and its operations on Wednesday, November 6 at 8:30 a ...