Financial Data and Key Metrics Changes - The company reported second quarter revenues of $58.1 million, which was impacted by approximately $4.5 million of noncash warrants related to a global strategic account, aligning with preliminary revenue expectations [6][15] - Non-GAAP gross margin for the second quarter was 38.6%, down from 48.2% in the same period last year, primarily due to lower systems revenues in the Americas [15][16] - Non-GAAP net loss for the second quarter was $15.6 million, or a loss of $0.31 per basic share, compared to a net income of $10.5 million, or $0.22 per diluted share, in the same period last year [19] Business Line Data and Key Metrics Changes - DTG systems revenues fell short of expectations, particularly in the Americas, while consumables revenues met expectations [6][15] - The company anticipates consumables to grow sequentially throughout the remainder of 2022, driven by customer preparations for peak season [8][21] Market Data and Key Metrics Changes - EMEA and Asia Pacific regions showed good growth in the first half of the year, with EMEA's pipeline improving and Asia Pacific opening up post-lockdowns [8][9] - In the Americas, particularly Latin America, demand is increasing, especially for the press to MAX [9][10] Company Strategy and Development Direction - The company is focusing on three key areas: helping brands understand the benefits of on-demand production, ensuring successful rollout of new products, and returning to profitability [11][12] - A share repurchase program of up to $75 million was authorized to return value to shareholders while maintaining growth plans [13][20] Management's Comments on Operating Environment and Future Outlook - Management noted that while the operating environment remains uncertain, opportunities for growth are intact, particularly with new product launches and customer expansions [10][12] - The company expects revenues for Q3 to be between $66 million to $70 million, with a similar outlook for Q4, driven by consumables and services [22][21] Other Important Information - The company announced a leadership transition with Lauri Hanover set to become the new CFO in November [14][25] - The acquisition of Tesoma was completed during the quarter, contributing to an increase in employee count [19][20] Q&A Session Summary Question: Update on hardware units sold and potential Q4 shortfall - Management confirmed that systems delayed from Q2 are expected to be shipped and recognized in H2, with good visibility on site readiness [31][32] Question: Growth expectations for consumables in Q3 and Q4 - Management expects sequential growth in consumables for both quarters, although at a lower pace compared to previous years [33] Question: Visibility into order pipeline for 2023 - Management indicated it is too early to provide guidance for 2023, but there is strong visibility for global strategic accounts [36][38] Question: Operating expenses and margin improvement - Management expects operating margins to improve in Q3 and Q4 due to a higher mix of consumables and operational efficiencies [40][41] Question: Long-term revenue target confidence - Management expressed confidence in the fundamentals of the company and the potential for significant growth, aiming for $1 billion in revenue by 2026 [45][46] Question: Customer interest in Apollo machine - Management highlighted strong demand for the Apollo, particularly for short to mid-run production, emphasizing its efficiency and cost-effectiveness [49][51] Question: Impact of market conditions on customer plans for upgrades - Management noted that while some upgrades were delayed, there is a normalization in customer demand, with expectations for strong upgrade activity in Q3 and 2023 [55][56] Question: KornitX business impact from market slowdown - Management stated that KornitX remains a core strategy, with ongoing improvements and customer engagement [58] Question: Product introductions and revenue drivers - Management indicated that Atlas MAX is gaining traction, while DTF technology is becoming increasingly significant for revenue [62][63]

1 ©2022 Kornit Digital. All rights reserved. Kornit Digital bordine KORNIT DIGITAL (NASDAQ: KRNT) BECOMING THE OPERATING SYSTEM FOR SUSTAINABLE ON-DEMAND FASHIONX 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 this presentation are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "p ...

Financial Performance - First quarter revenues were $83.3 million, representing a 26% year-over-year increase, net of an $8.0 million non-cash warrants impact[4] - GAAP net loss for the first quarter was $5.2 million, or $0.10 per basic share, compared to a net income of $5.1 million, or $0.11 per share, in the prior year[9] - Non-GAAP operating loss for the first quarter was $0.7 million, net of the $8.0 million attributed to the non-cash impact of warrants[4] - Total revenues for the three months ended March 31, 2022, were $83,293,000, a 25.9% increase from $66,123,000 in the same period of 2021[21] - Gross profit for the same period was $33,402,000, compared to $30,410,000 in 2021, reflecting an increase of 6.5%[21] - Operating expenses increased to $40,307,000 from $27,301,000, representing a 47.8% rise year-over-year[21] - The company reported a net loss of $5,197,000 for Q1 2022, compared to a net income of $5,099,000 in Q1 2021[21] - Basic and diluted net loss per share was $(0.10) for Q1 2022, down from $0.11 in Q1 2021[21] - Non-GAAP net income for Q1 2022 was $166,000, significantly lower than $7,730,000 in Q1 2021[24] - Cash flows from operating activities showed a net cash used of $47,082,000 in Q1 2022, compared to cash provided of $5,119,000 in Q1 2021[28] - Cash and cash equivalents at the end of Q1 2022 were $77,284,000, down from $94,171,000 at the end of Q1 2021[28] - The weighted average number of shares used in computing diluted net loss per share was 49,658,028 for Q1 2022, compared to 47,568,215 in Q1 2021[24] Future Projections - The company expects second quarter revenue to be in the range of $85 million to $95 million, with non-GAAP operating income projected between -2% to +2% of revenue[7] - The company anticipates stronger revenues in the third and fourth quarters compared to the second quarter, with operating margins expected in the low to mid-teens[8] - Kornit Digital aims to achieve a $125 million run-rate business by the fourth quarter of 2023 and is on a path to become a billion-dollar business by 2026[3] Product Development - Kornit Digital introduced groundbreaking new products, including Atlas MAX Poly and Kornit Apollo, during Kornit Fashion Week in Tel Aviv[4] - Kornit Digital continues to invest strategically in new product initiatives and go-to-market strategies to drive long-term growth[5] Regional Performance - The company reported record performance in the Asia Pacific region and strong results in EMEA and Americas[4] Financial Position - The company maintains a strong balance sheet with total assets of $1,026.1 million as of March 31, 2022[19] - The company invested $410,985,000 in bank deposits during Q1 2022, a significant increase from $18,855,000 in the previous year[28]

Financial Data and Key Metrics Changes - Total revenues for Q1 2022 grew by 26% year-over-year to $83.3 million, net of $8 million in warrants related to a global strategic account [5][11] - Non-GAAP gross margin was 41.5%, down from 47.1% in the same period last year, attributed to a higher mix of system sales and lower consumables revenues [13][18] - Non-GAAP net income for Q1 was $0.2 million or $0.00 per share, compared to $7.7 million or $0.16 per share in Q1 2021 [18] Business Line Data and Key Metrics Changes - System revenues were strong, particularly from Atlas and Presto systems, with services revenues increasing by 32% year-over-year to $10.8 million [11][12] - The Presto MAX system saw significant demand, especially in Europe and Asia Pacific, contributing to a strong DTF pipeline [7][12] - The Atlas MAX system adoption is increasing, with strong customer feedback and a growing backlog for upgrades [7][12] Market Data and Key Metrics Changes - Asia Pacific recorded a record quarter, with strong sales of both Atlas MAX and Presto systems [11][12] - EMEA had one of its best quarters ever, driven by upgrades from Atlas MAX and strong interest in KornitX [12] - In the Americas, new customers included a major swim and sports apparel company, indicating strong market penetration [12] Company Strategy and Development Direction - The company aims to build the operating system for on-demand fashion, focusing on sustainability and local production to mitigate supply chain issues [10][37] - KornitX is expected to drive significant growth, with partnerships like Wix enhancing demand generation [7][39] - The introduction of new products, including the Atlas Poly and Apollo, is anticipated to strengthen market position and revenue in H2 2022 [10][31] Management's Comments on Operating Environment and Future Outlook - Management noted macroeconomic volatility affecting consumer purchases and capital allocation decisions, leading to some delays in system purchases [9][30] - Despite near-term challenges, the company remains confident in achieving a $1 billion business by 2026, supported by strong fundamentals and a robust pipeline [10][31] - The second half of 2022 is expected to be stronger than the first half, driven by major orders and product introductions [20][31] Other Important Information - Total operating expenses for Q1 were $35.2 million, a 43% increase year-over-year, reflecting continued investment in R&D and marketing [15][16] - The company ended Q1 with a cash balance of $734 million, a decrease of approximately $64 million from the previous quarter [18][19] Q&A Session Summary Question: Is the slowdown primarily related to the global strategic customer or other accounts? - The slowdown is mixed, primarily from the e-commerce segment, while the global strategic account continues to show tremendous growth [24][25] Question: What gives confidence for improvement in the second half of the year? - Confidence stems from a strong backlog, major product introductions, and historical trends showing stronger performance in H2 [29][31] Question: How is the interest in print technology compared to last quarter? - There is accelerated engagement and growth, particularly in EMEA, with major brands adopting Kornit technology [36][37] Question: What is the outlook for KornitX and its ramp-up? - KornitX is expected to see meaningful revenue growth in H2 2022, with partnerships enhancing demand generation [39][40] Question: Are there concerns about competition from screen-printing equipment manufacturers? - There is confidence in Kornit's technology and market position, with a strong moat around its products [41][42] Question: Can you provide updates on relationships with Fanatics and Delta Apparel? - Both relationships remain strong, with Fanatics shifting to an outsourced production model and Delta Apparel testing competitor systems [72][73]

Financial Performance & Growth - Total revenues for Q1 2022 grew by 26% year-over-year, reaching $83.3 million, net of an $8.0 million impact from warrants related to a global strategic account[9, 27] - Service revenues increased by 32% year-over-year to $10.8 million, representing 13% of total revenue[27] - The top 10 largest accounts contributed 53% of total revenues in Q1 2022[27] - Asia Pacific achieved a record quarter, while EMEA delivered one of its best quarters ever, and the Americas remained strong[11, 27] Product & Business Highlights - The company saw excellent adoption and feedback for Atlas Max, with initial stages of Atlas-to-Atlas-MAX upgrades underway[11] - Presto MAX represents the majority of the company's DTF (Direct-to-Fabric) pipeline, with an increasing backlog for Presto MAX upgrades[12] - The company is launching a new strategic partnership with Wix.com to enable on-demand fulfillment services, expected to go live later this quarter[13] - The company introduced Atlas MAX Poly and Kornit Apollo, with commercial availability for Apollo expected in mid-2023[15, 16] Future Expectations & Guidance - The company expects to deliver $125 million run-rate business originally targeted for 4Q 2023 ahead of plan[25] - The company remains confident in its journey to become a $1 billion business in 2026[25] - For Q2 2022, the company expects revenues to be in the range of $85 million to $95 million[37] - The company anticipates higher operating margins in the second half of 2022, with operating margins in 3Q22 and 4Q22 in the low to mid-teens[37]

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, 2021 ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-36903 KORNIT DIGITAL LTD. (Exact name of Registrant as specified ...

Kornit Digital Ltd. (NASDAQ:KRNT) Q4 2021 Earnings Conference Call February 15, 2022 8:30 AM ET Company Participants Andrew Backman - Global Head of Investor Relations Ronen Samuel - Chief Executive Officer Alon Rozner - Chief Financial Officer Amir Shaked-Mandel - Executive Vice President of Corporate Development Conference Call Participants Rod Hall - Goldman Sachs Patrick Ho - Stifel Nicolaus & Company Jim Suva - Citigroup Brian Drab - William Blair Tavy Rosner - Barclays Greg Palm - Craig-Hallum James R ...

1 ©2022 Kornit Digital. All rights reserved. matters KORNIT DIGITAL (NASDAQ: KRNT) Fourth Quarter & Full Year 2021 Earnings Conference Call Supporting Slides February 15, 2022 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 this presentation are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," ...

1 ©2021 Kornit Digital. All rights reserved. KORNIT DIGITAL (NASDAQ: KRNT) Q3 2021 EARNINGS CALL SUPPORTING SLIDES 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 this presentation are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," " ...

Kornit Digital Ltd. (NASDAQ:KRNT) Q3 2021 Earnings Conference Call November 10, 2021 8:30 AM ET Company Participants Andrew Backman - Global Head of Investor Relations Ronen Samuel - Chief Executive Officer Alon Rozner - Chief Financial Officer Amir Shaked-Mandel - Executive Vice President of Corporate Development Conference Call Participants Chris Reimer - Barclays Rod Hall - Goldman Sachs Jim Suva - Citi Brian Drab - William Blair & Company Patrick Ho - Stifel Financial Corp. James Ricchiuti - Needham & C ...