T-Formation Inc. of Tallahassee, a leading screen printer for major international brands such as Adidas, PVH Corporate, and Champion, will transition large production volumes from traditional screen-printing to a fully digital print process, utilizing Kornit Apollo Increased investment in on-demand production from legacy techniques made possible with the unparalleled quality of Kornit's MAX technology LAS VEGAS, Sept. 11, 2024 (GLOBE NEWSWIRE) -- PRINTING UNITED EXPO – Kornit Digital LTD. (NASDAQ: KRNT) ("K ...

Shifts significant volume from traditional screen to high-quality, sustainable on-demand digital production – unleashing creativity and delivering designs without compromise Kornit MAX technology powers premium-quality apparel with exceptional agility, allowing Custom Ink to offer a world-class custom apparel and swag experience LAS VEGAS, Sept. 10, 2024 (GLOBE NEWSWIRE) -- PRINTING UNITED EXPO 2024 – Kornit Digital LTD. (NASDAQ: KRNT) ("Kornit" or the "Company"), a worldwide market leader in sustainable, o ...

The shift from analog to on-demand digital production is accelerating, evidenced by a growing number of screen printers adopting Kornit Apollo and other Kornit MAX-powered platforms The All-Inclusive Click (AIC) model moves beyond its pilot phase, providing predictable costs, lowering barriers to entry, and unlocking a significant incremental market opportunity Management's long-term financial targets include double-digit revenue growth, meaningful recurring revenue contribution from the AIC model, and stro ...

ROSH-HA`AYIN, Israel, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. ("Kornit" or the "Company") (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies, today announced that its Board of Directors has authorized a program to repurchase up to $100 million of the Company's ordinary shares as part of its capital allocation strategy. This repurchase program, in addition to the $65 million of aggregate share repurchases executed by the Com ...

Kornit Digital (KRNT) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 300%. A quarter ago, it was expected that this digital textile printer would post a loss of $0.12 per share when it actually produced a loss of $0.11, delivering a surprise of 8.33%. Over the last four quarte ...

ROSH-HA`AYIN, Israel, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. ("Kornit" or the "Company") (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, today announced that the Company will host an Investor Event on Tuesday, September 10th, 2024 at the Westgate in Las Vegas, NV, in conjunction with its participation at the Printing United trade show. During the Investor Event, the Company will provide insights into its recent busines ...

ROSH-HA`AYIN, Israel, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. ("Kornit" or the "Company") (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, today announced that the Company will host an Investor Event on Tuesday, September 10th, 2024 at the Westgate in Las Vegas, NV, in conjunction with its participation at the Printing United trade show. During the Investor Event, the Company will provide insights into its recent busines ...

Core Insights - Kornit Digital Ltd. reported second quarter revenues of $48.6 million, aligning with previous guidance, but down from $56.2 million in the same period last year [3][4] - The company experienced a GAAP net loss of $4.9 million, an improvement from a net loss of $14.3 million in the prior year [4][5] - Positive cash flow from operations was generated during the second quarter of 2024, indicating operational efficiency [3][20] Financial Performance - Total revenue for Q2 2024 was $48.6 million, a decrease of 13.9% year-over-year [3][14] - GAAP gross profit margin improved to 45.8% from 33.3% in the prior year, while non-GAAP gross profit margin rose to 48.6% from 36.1% [3][4] - Operating expenses decreased to $33.0 million from $39.6 million year-over-year, with non-GAAP operating expenses down by 17.9% to $28.0 million [4][5] Operational Highlights - The company saw growth in impressions and consumables year-over-year, indicating strong customer demand [2] - Interest in the all-inclusive click (AIC) program and Apollo system remains robust, with multiple orders added to the backlog during the second quarter [2] - Kornit plans to pilot the AIC model on the Atlas MAX system for screen replacement customers, reflecting a strategic move to enhance product offerings [2] Future Guidance - For Q3 2024, Kornit expects revenues to be in the range of $48 million to $52 million, with an adjusted EBITDA margin projected between 1% to 6% [6]

The Company will host an earnings conference call and webcast reviewing these results and its operations on Wednesday, August 7th at 8:30 am ET. This conference call will be broadcast live and can be accessed by all interested parties through Kornit's website, www.kornit.com, in the "Investors" section. Live Call: 1-800-717-1738 (US/Canada Toll-Free) International: 1-646-307-1865 or 972 3 384 8161 (Israeli Toll-Free) Conference ID: 71703 Replay: 1-844-512-2921 (US/Canada Toll-Free) International: 1-412-317- ...

ROSH-HA`AYIN, Israel, July 22, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. ("Kornit" or the "Company") (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, announced today that it will release its financial results for the second quarter ended June 30, 2024 on Wednesday, August 7, prior to the market open. The Company will host an earnings conference call and webcast reviewing these results and its operations on Wednesday, August 7th at ...