Investor Contact: Andrew G. Backman Global Head of Investor Relations andrew.backman@kornit.com Kornit Digital Reports Second Quarter 2023 Results Rosh-Ha'Ayin, Israel – August 9, 2023 – Kornit Digital Ltd. ("Kornit" or "the Company") (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies, reported today its results for the second quarter ended June 30, 2023. "During the quarter, impressions grew at a double-digit pace year-over-year for the ...

KORNIT DIGITAL (NASDAQ: KRNT) Second Quarter 2023 ON TODAY'S CALL Amir Shaked Mandel EVP Corp Dev SAFE HARBOR Kornit, Kornit Digital, the K logo, and NeoPigment are trademarks of Kornit Digital Ltd. All other trademarks are the property of their respective owners and are used for reference purposes only. Such use should not be construed as an endorsement of our products or services. BUSINESS 4 ©2023 Kornit Digital. All rights reserved. • As a reminder, revenues include the impact from the fair value of issu ...

[Report Highlights and Management Commentary](index=1&type=section&id=Report%20Highlights%20and%20Management%20Commentary) Management discusses Q1 results amid macroeconomic pressures, highlighting strategic account growth and new technology showcases Q1 2023 Key Metrics | Metric | Value | | :--- | :--- | | Revenues | $47.8 million | | GAAP Net Loss | $18.9 million | | Non-GAAP Net Loss | $13.4 million | - Several larger direct-to-garment (DTG) strategic accounts in the customized design market showed **double-digit year-over-year impressions growth**[3](index=3&type=chunk)[4](index=4&type=chunk) - The company is gaining momentum with its **MAX technology**, which is becoming an industry standard, and had a strong quarter for Atlas MAX Poly and Presto MAX[3](index=3&type=chunk) - Kornit plans to showcase new cutting-edge solutions, including the **Apollo system**, at the ITMA tradeshow in Milan, aiming to revolutionize markets traditionally served by analog production[3](index=3&type=chunk)[4](index=4&type=chunk) [Financial Performance](index=2&type=section&id=Financial%20Performance) Q1 financials show a significant revenue decline and wider net loss, with modest revenue guidance for Q2 [First Quarter 2023 Results of Operations](index=2&type=section&id=First%20Quarter%202023%20Results%20of%20Operations) Q1 2023 revenue fell to $47.8 million from $83.3 million YoY, driving a GAAP net loss of $18.9 million and lower gross margins Q1 2023 vs Q1 2022 Financial Comparison (in millions, except per share data) | Metric | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Total Revenue | $47.8 | $83.3 | | GAAP Gross Profit Margin | 27.4% | 40.1% | | Non-GAAP Gross Profit Margin | 30.2% | 41.5% | | GAAP Net Loss | $(18.9) | $(5.2) | | GAAP Loss per Share | $(0.38) | $(0.10) | | Non-GAAP Net (Loss)/Income | $(13.4) | $0.2 | | Non-GAAP (Loss)/Earnings per Share | $(0.27) | $0.00 | | Adjusted EBITDA | $(14.7) | $1.5 | [Second Quarter 2023 Guidance](index=2&type=section&id=Second%20Quarter%202023%20Guidance) The company projects Q2 2023 revenues of $54-$59 million with a negative adjusted EBITDA margin Q2 2023 Guidance | Metric | Guidance Range | | :--- | :--- | | Revenues | $54 million - $59 million | | Adjusted EBITDA Margin | -19% to -27% | [Financial Statements](index=4&type=section&id=Financial%20Statements) The statements detail the company's financial position, operating results, and cash flow activities for Q1 2023 [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) Total assets slightly decreased to $947.1 million, with a major shift from bank deposits to cash and equivalents Balance Sheet Highlights (in thousands) | Account | March 31, 2023 | December 31, 2022 | | :--- | :--- | :--- | | Cash and cash equivalents | $352,950 | $104,597 | | Short-term bank deposit | $101 | $275,033 | | Total Assets | $947,057 | $957,666 | | Total Liabilities | $94,027 | $88,844 | | Total Shareholders' Equity | $853,030 | $868,822 | [Consolidated Statements of Operations](index=5&type=section&id=Consolidated%20Statements%20of%20Operations) Q1 revenues fell to $47.8 million due to lower Product sales, resulting in an operating loss of $24.1 million Q1 Statement of Operations (in thousands, except per share data) | Line Item | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Product Revenues | $31,903 | $72,514 | | Services Revenues | $15,875 | $10,779 | | **Total Revenues** | **$47,778** | **$83,293** | | Gross Profit | $13,072 | $33,402 | | Operating Loss | $(24,141) | $(6,905) | | Net Loss | $(18,931) | $(5,197) | | Basic Loss Per Share | $(0.38) | $(0.10) | [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operations was $14.0 million, while investing activities provided $269.2 million in cash Q1 Cash Flow Summary (in thousands) | Cash Flow Activity | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Net cash used in operating activities | $(14,004) | $(47,082) | | Net cash provided by (used in) investing activities | $269,202 | $(486,974) | | Net cash used in financing activities | $(6,845) | $(211) | | **Increase (decrease) in cash and cash equivalents** | **$248,353** | **$(534,267)** | [Reconciliation of GAAP to Non-GAAP Measures](index=6&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures) This section reconciles GAAP to non-GAAP results, adjusting for items like share-based compensation and amortization [Reconciliation of GAAP to Non-GAAP Statements of Operations](index=6&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Statements%20of%20Operations) Adjustments for non-cash items resulted in a non-GAAP net loss of $13.4 million versus a GAAP loss of $18.9 million Q1 2023 GAAP to Non-GAAP Net Loss Reconciliation (in thousands) | Description | Amount | | :--- | :--- | | **GAAP Net Loss** | **$(18,931)** | | Share-based compensation | $5,245 | | Intangible assets amortization | $611 | | Restructuring expenses | $295 | | Foreign exchange differences associated with ASC 842 | $(376) | | Non-cash deferred tax income | $(221) | | **Non-GAAP Net Loss** | **$(13,377)** | [Reconciliation of GAAP Net Income to Adjusted EBITDA](index=9&type=section&id=Reconciliation%20of%20GAAP%20Net%20Income%20to%20Adjusted%20EBITDA) Adjusted EBITDA was a loss of $14.7 million in Q1 2023, down from a positive $1.5 million in the prior year Q1 GAAP Net Loss to Adjusted EBITDA Reconciliation (in thousands) | Description | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | **GAAP Net Loss** | **$(18,931)** | **$(5,197)** | | Taxes on income | $194 | $91 | | Financial income | $(5,404) | $(1,799) | | Share-based compensation | $5,245 | $5,298 | | Intangible assets amortization | $611 | $419 | | Depreciation | $3,262 | $2,161 | | Other adjustments | $295 | $512 | | **Adjusted EBITDA** | **$(14,728)** | **$1,485** | [Other Information](index=2&type=section&id=Other%20Information) This section includes forward-looking statements, non-GAAP disclosures, and conference call details [Forward-Looking Statements](index=3&type=section&id=Forward-Looking%20Statements) The company outlines potential risks including macroeconomic conditions, product adoption, and competition - Identified risks include the duration of **macroeconomic headwinds**, success in selling new products like Poly Pro and Presto, and competition[11](index=11&type=chunk) [Non-GAAP Discussion Disclosure](index=3&type=section&id=Non-GAAP%20Discussion%20Disclosure) The company explains its use of non-GAAP measures to provide a view of core operating performance - Non-GAAP measures are used by management for **planning, forecasting, and evaluating** the business's ongoing performance[14](index=14&type=chunk) - Adjustments to GAAP measures include **share-based compensation**, amortization of intangible assets, acquisition-related expenses, restructuring expenses, and certain foreign exchange differences[12](index=12&type=chunk) [Conference Call Information](index=2&type=section&id=Conference%20Call%20Information) The company hosted a conference call on May 10, 2023, to discuss Q1 results, with a replay available - The earnings conference call was held on **May 10, 2023**, with a replay available until May 24, 2023[7](index=7&type=chunk)[8](index=8&type=chunk)

Kornit Digital Ltd. (NASDAQ:KRNT) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Andrew G. Backman - Global Head of Investor Relations Ronen Samuel - Chief Executive Officer Lauri Hanover - Chief Financial Officer Conference Call Participants Tavy Rosner - Barclays Erik Woodring - Morgan Stanley Chris Moore - CJS Securities Jared Maymon - Berenberg Capital Markets Danny Eggerichs - Craig-Hallum Operator Greetings, and welcome to Kornit Digital's First Quarter 2023 Earnings Con ...

Earnings Conference Call Supporting Slides May 10, 2023 Lauri Hanover CFO SAFE HARBOR This presentation contains statistical data that we obtained from industry publications and reports generated by third parties. Although we believe that the publications and reports are reliable, we have not independently verified this statistical data. BUSINESS 4 ©2023 Kornit Digital. All rights reserved. • Promising indicators emerged in certain parts of our business, despite macro pressures in operating environment • Gl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Secu ...

Kornit Digital Ltd. (NASDAQ:KRNT) Q4 2022 Earnings Conference Call February 15, 2023 8:30 AM ET Company Participants Andrew Backman - Global Head of Investor Relations Ronen Samuel - Chief Executive Officer Lauri Hanover - Chief Financial Officer Amir Shaked-Mandel - Executive Vice President of Corporate Development Conference Call Participants Jim Suva - Citigroup Tavy Rosner - Barclays Brian Drab - William Blair Erik Woodring - Morgan Stanley James Ricchiuti - Needham & Company Chris Moore - CJS Securitie ...

• Historical Guidance Practice: Q1 2023 Guidance Non-GAAP Diluted Non-GAAP Net Margin Earnings (Loss) Per THANK YOU 17 ©2023 Kornit Digital. All rights reserved. • Guidance is net of warrants impact for both Revenues and Profitability December 31, Revenue | --- | --- | --- | --- | --- | |-------|------------------------|-------------------------|------------------------|------------------------| | | Net of Warrants Impact | 2022 \nWarrants Impact | Net of Warrants Impact | 2021 \nWarrants Impact | | | $271. ...

[Kornit Digital Reports Fourth Quarter and Full-Year 2022 Results](index=1&type=section&id=Kornit%20Digital%20Reports%20Fourth%20Quarter%20and%20Full-Year%202022%20Results) This section details Kornit Digital's Q4 and full-year 2022 financial performance, including key highlights and warrant impacts [Key Highlights and Management Commentary](index=1&type=section&id=Key%20Highlights%20and%20Management%20Commentary) Kornit Digital reported Q4 2022 consumables and services growth, outlining 2023 strategic priorities for profitability and Apollo launch - Consumables and services revenues grew in Q4 due to a solid peak season[3](index=3&type=chunk)[4](index=4&type=chunk) - Management recognized 2022 as a challenging year, implementing decisive actions to adapt operations to market conditions[3](index=3&type=chunk) - Key strategic priorities for 2023 include returning to profitability, successful Apollo system launch, and scaling the business[3](index=3&type=chunk)[4](index=4&type=chunk) [Warrants Impact Analysis](index=2&type=section&id=Warrants%20Impact%20Analysis) The company detailed the significant adverse, non-cash impact of outstanding warrants on its financial results for both the fourth quarter and the full year of 2022 Fourth Quarter Warrants Impact Comparison (2022 vs 2021) | Metric | Q4 2022 Warrants Impact ($) | Q4 2021 Warrants Impact ($) | | :--- | :--- | :--- | | Revenue | $4.3M | $7.9M | | Non-GAAP Gross Margin (%) | 4.1% | 4.1% | | Non-GAAP Operating Margin (%) | 7.4% | 7.8% | | Non-GAAP Net Margin (%) | 7.1% | 7.6% | | Non-GAAP Diluted EPS ($) | $0.09 | $0.16 | Full-Year Warrants Impact Comparison (2022 vs 2021) | Metric | FY 2022 Warrants Impact ($) | FY 2021 Warrants Impact ($) | | :--- | :--- | :--- | | Revenue | $22.5M | $25.4M | | Non-GAAP Gross Margin (%) | 4.7% | 3.8% | | Non-GAAP Operating Margin (%) | 8.8% | 6.6% | | Non-GAAP Net Margin (%) | 8.6% | 6.5% | | Non-GAAP Diluted EPS ($) | $0.45 | $0.52 | [Fourth Quarter 2022 Results of Operations](index=3&type=section&id=Fourth%20Quarter%202022%20Results%20of%20Operations) Q4 2022 total revenue decreased to $63.3 million, resulting in a GAAP net loss of $35.4 million Q4 2022 vs Q4 2021 Performance | Metric | Q4 2022 ($) | Q4 2021 ($) | | :--- | :--- | :--- | | Total Revenue | $63.3M | $87.5M | | GAAP Net Income (Loss) | ($35.4M) | $1.0M | | GAAP EPS (basic) | ($0.71) | $0.02 | | Non-GAAP Net Income (Loss) | ($6.6M) | $6.4M | | Non-GAAP EPS (basic) | ($0.13) | $0.13 | [Full-Year 2022 Results of Operations](index=3&type=section&id=Full-Year%202022%20Results%20of%20Operations) Full-year 2022 total revenue decreased to $271.5 million, resulting in a GAAP net loss of $79.1 million Full-Year 2022 vs 2021 Performance | Metric | Full-Year 2022 ($) | Full-Year 2021 ($) | | :--- | :--- | :--- | | Total Revenue | $271.5M | $322.0M | | GAAP Net Income (Loss) | ($79.1M) | $15.5M | | GAAP EPS (basic) | ($1.58) | $0.32 | | Non-GAAP Net Income (Loss) | ($32.6M) | $36.1M | | Non-GAAP EPS (basic) | ($0.65) | $0.74 | [Financial Outlook](index=3&type=section&id=First%20Quarter%202023%20Guidance) This section outlines the company's Q1 2023 financial guidance, including revenue and adjusted EBITDA margin forecasts [First Quarter 2023 Guidance](index=3&type=section&id=First%20Quarter%202023%20Guidance) Q1 2023 revenues are anticipated between $47 million and $52 million, with adjusted EBITDA margin of -27% to -35% of revenue, including warrant impact Q1 2023 Guidance | Metric | Guidance Range | | :--- | :--- | | Revenues ($) | $47M - $52M | | Adjusted EBITDA Margin (%) | -27% to -35% of revenue | - Guidance now incorporates the non-cash expense impact from warrants for better alignment with reported metrics[12](index=12&type=chunk) [Financial Statements](index=6&type=section&id=Financial%20Statements) This section presents Kornit Digital's consolidated balance sheets, statements of operations, and cash flow statements [Consolidated Balance Sheets](index=6&type=section&id=CONSOLIDATED%20BALANCE%20SHEETS) As of December 31, 2022, total assets decreased to $957.7 million from $1,040.9 million, primarily due to reduced cash and cash equivalents Key Balance Sheet Items (in thousands) | Account | Dec 31, 2022 ($) | Dec 31, 2021 ($) | | :--- | :--- | :--- | | Cash and cash equivalents | $104,597 | $611,551 | | Inventory | $89,415 | $63,017 | | Total current assets | $578,839 | $775,343 | | Total assets | $957,666 | $1,040,875 | | Total liabilities | $88,844 | $121,322 | | Total shareholders' equity | $868,822 | $919,553 | [Consolidated Statements of Operations](index=7&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) For 2022, total revenues were $271.5 million, resulting in an operating loss of $69.9 million and a net loss of $79.1 million Year-End Statement of Operations (in thousands) | Account | Year Ended Dec 31, 2022 ($) | Year Ended Dec 31, 2021 ($) | | :--- | :--- | :--- | | Total revenues | $271,518 | $322,006 | | Gross profit | $96,500 | $151,911 | | Total operating expenses | $166,382 | $139,118 | | Operating income (loss) | ($69,882) | $12,793 | | Net income (loss) | ($79,065) | $15,527 | | Diluted net income (loss) per share | ($1.58) | $0.32 | [Consolidated Statements of Cash Flows](index=10&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) For 2022, net cash used in operating activities was $99.3 million, leading to a $507.0 million decrease in cash and cash equivalents, ending at $104.6 million Year-End Cash Flow Summary (in thousands) | Cash Flow Activity | Year Ended Dec 31, 2022 ($) | Year Ended Dec 31, 2021 ($) | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | ($99,347) | $53,644 | | Net cash provided by (used in) investing activities | ($407,275) | $89,755 | | Net cash provided by (used in) financing activities | ($332) | $342,375 | | Increase (decrease) in cash and cash equivalents | ($506,954) | $485,774 | | Cash and cash equivalents at end of period | $104,597 | $611,551 | [Non-GAAP Financial Measures and Reconciliations](index=5&type=section&id=Non-GAAP%20Financial%20Measures%20and%20Reconciliations) This section provides reconciliations of GAAP financial measures to non-GAAP counterparts, including net income and Adjusted EBITDA [Reconciliation of GAAP to Non-GAAP Consolidated Statements of Operations](index=8&type=section&id=RECONCILIATION%20OF%20GAAP%20TO%20NON-GAAP%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) The company provides a reconciliation from GAAP to non-GAAP results, showing a non-GAAP net loss of $32.6 million for 2022 after various adjustments Full-Year GAAP to Non-GAAP Net Income Reconciliation (in thousands) | Description | FY 2022 ($) | FY 2021 ($) | | :--- | :--- | :--- | | **GAAP net income (loss)** | **($79,065)** | **$15,527** | | Share-based compensation | $22,649 | $15,133 | | Intangible assets amortization | $2,543 | $1,410 | | Restructuring expenses | $1,693 | - | | Non-cash deferred tax expenses (income) | $10,014 | $2,733 | | Non-recurring tax payment | $11,485 | - | | Other adjustments | ($1,948) | $1,296 | | **Non-GAAP net income (Loss)** | **($32,629)** | **$36,099** | [Reconciliation of GAAP Net Income to Adjusted EBITDA](index=12&type=section&id=RECONCILIATION%20OF%20GAAP%20NET%20INCOME%20TO%20ADJUSTED%20EBITDA) This reconciliation shows Adjusted EBITDA for 2022 was negative $30.8 million, or negative $8.3 million when excluding the $22.5 million impact from warrants Full-Year Adjusted EBITDA Reconciliation (in thousands) | Description | FY 2022 ($) | FY 2021 ($) | | :--- | :--- | :--- | | **GAAP Net Income (Loss)** | **($79,065)** | **$15,527** | | Adjustments (Taxes, Interest, SBC, etc.) | $37,243 | $14,769 | | **Non-GAAP Operating Income (Loss)** | **($41,822)** | **$30,296** | | Depreciation | $11,022 | $5,686 | | **Adjusted EBITDA** | **($30,800)** | **$35,982** | | Warrants Impact | $22,500 | $25,423 | | **Adjusted EBITDA, ex. Warrants Impact** | **($8,300)** | **$61,405** |

1 © 2022 Kornit Digital. All rights reserved. matters KORNIT DIGITAL (NASDAQ: KRNT) Third Quarter 2022 Earnings Conference Call Supporting Slides November 9, 2022 ON TODAY'S CALL © 2022 Kornit Digital. All rights reserved. Ronen Samuel CEO Lauri Hanover Incoming CFO Amir Shaked Mandel EVP Corp Dev Andrew Backman Global Head of IR SAFE HARBOR This presentation contains forward-looking statements within the meaning of U.S. securities laws. All statements other than statements of historical fact contained in t ...