Sustainable digital fashion and textile production

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Kornit Digital to Participate in the William Blair 45th Annual Growth Stock Conference
Globenewswire· 2025-05-30 10:55
Core Viewpoint - Kornit Digital Ltd. is a global leader in sustainable, on-demand, digital fashion and textile production technologies, highlighting its commitment to innovation in the industry [1][3]. Group 1: Company Overview - Kornit Digital is headquartered in Israel and operates globally with offices in the USA, Europe, and Asia Pacific [3]. - The company provides end-to-end solutions that include digital printing systems, inks, consumables, software, and fulfillment services [3]. - Kornit Digital serves customers in over 100 countries, emphasizing its extensive market reach [3]. Group 2: Upcoming Events - Kornit Digital's CEO Ronen Samuel and Global Head of Investor Relations Jared Maymon will present at the William Blair 45th Annual Growth Stock Conference [1]. - The presentation is scheduled for June 3, 2025, at 1:00 pm ET and will be available via live audio webcast [2].
Kornit Digital Reports First Quarter 2025 Results
Globenewswire· 2025-05-14 11:15
Core Viewpoint - Kornit Digital Ltd. reported its first quarter results for 2025, highlighting its commitment to sustainable, on-demand digital fashion and textile production technologies amidst a challenging macro environment [2][3]. Financial Performance - First quarter revenues reached $46.5 million, an increase from $43.8 million in the same period last year [7]. - The GAAP gross profit margin improved to 42.6% from 32.3% year-over-year, while the non-GAAP gross profit margin rose to 45.2% from 37.5% [7]. - The company reported a GAAP net loss of $5.1 million, or $0.11 per basic share, compared to a net loss of $13.2 million, or $0.28 per basic share, in Q1 2024 [7][21]. - Non-GAAP net income for the first quarter was $0.6 million, or $0.01 per diluted share, compared to a non-GAAP net loss of $5.3 million, or $0.11 per basic share, in the prior year [7][21]. - Adjusted EBITDA loss was $3.9 million, an improvement from a loss of $7.8 million in Q1 2024, with an adjusted EBITDA margin of negative 8.4% compared to negative 17.9% [7][30]. Business Model and Market Opportunity - Kornit’s Apollo platform, combined with its AIC model, is driving significant growth in impressions and unlocking a mass production segment estimated at 4.5 billion impressions [2]. - The company reported annual recurring revenue from AIC contracts of $14.5 million, indicating strong initial adoption of this new business model [6]. Guidance - For the second quarter of 2025, Kornit expects revenues to be between $49 million and $55 million, with an adjusted EBITDA margin projected between negative 4% and 4% [4].