ROSH-HA`AYIN, Israel, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or the “Company”) (Nasdaq: KRNT), a global leader in sustainable, on-demand, digital fashion and textile production, announced today that the Company will participate in the 2026 Cantor Global Technology & Industrial Growth Conference and host one-on-one investor meetings. Kornit’s Chief Capital Markets Officer, Andrew G. Backman ("Andy"), will be available for one-on-one investor meetings on Tuesday, March 10, and Wednesd ...

Core Insights - Sublistar has identified emerging shifts in DTF printing production, highlighting challenges in scalability, color consistency, labor efficiency, and environmental compliance as key factors reshaping production systems [1] Group 1: Production Efficiency and Flexibility - Sublistar has expanded its multi-head DTF production platforms to enhance production efficiency and flexibility, with seven- and eight-head configurations now in active deployment to support higher-volume output [2] - The modular approach allows manufacturers to balance efficiency and customization without sacrificing production stability [2] Group 2: Color Capabilities - There is a growing demand for advanced multi-color DTF configurations beyond standard setups, driven by the need for color differentiation in brand-driven apparel production [3] - Sublistar's multi-color DTF solutions have met certification criteria established by Keypoint Intelligence, confirming performance in color consistency and output stability [3] Group 3: Sustainability and Powderless Systems - Sublistar has observed increased emphasis on environmental compliance among DTF producers, particularly in Europe, leading to the development of powderless DTF systems [5][6] - The company has introduced powderless DTF printers designed to achieve stable adhesive jetting behavior and controlled curing performance, with finished prints passing internal durability testing of up to 50 wash cycles [8] Group 4: Workflow Automation - Labor cost is a significant constraint affecting DTF production profitability, prompting Sublistar to expand its automation roadmap across the DTF workflow [9] - The introduction of patented multi-station automated heat press systems has improved production efficiency while reducing labor requirements [11] Group 5: Supporting Systems for Operational Predictability - Sublistar is investing in supporting systems to improve production predictability, including automated maintenance functions and software tools for real-time visibility into production status [13] - These systems aim to reduce variability and support stable operation as production scales and complexity increases [13] Conclusion - The evolution of DTF printing is increasingly defined by production-oriented requirements, with Sublistar's investments in multi-head platforms, expanded color capabilities, powderless systems, and integrated workflow automation reflecting a commitment to scalable, industrial-level DTF production [14]

Core Insights - Kornit Digital Ltd. is a leader in sustainable, on-demand digital fashion and textile production, focusing on innovative solutions and sustainability [1] - The company reported a total revenue of $208.2 million for 2025, reflecting a return to revenue growth supported by an 11% increase in full-year impressions [2][6] - Kornit's All-Inclusive Click (AIC) program significantly contributed to its financial performance, generating $15 million in AIC revenue and ending the year with approximately $25 million in Annualized Recurring Revenue (ARR) [3][6] Financial Performance - For the fourth quarter of 2025, Kornit reported total revenue of $58.9 million, a slight decrease from $60.7 million in the same period the previous year [4] - The company achieved a non-GAAP net income of $8.3 million, or $0.18 per diluted share, consistent with the previous year's performance [4] - The GAAP gross profit margin for the fourth quarter was 48.7%, down from 51.3% in the prior year, indicating a slight decrease in profitability [4] Future Outlook - For the first quarter of 2026, Kornit expects revenues to range between $45 million and $49 million, with an adjusted EBITDA margin between negative 10% and negative 4% of revenue [5] - CEO Ronen Samuel expressed optimism for 2026, citing a growing pipeline of opportunities and plans for breakthrough innovations [5] - Kornit maintained a "Positive" grade with a "hold" action from Morgan Stanley, with the price target raised from $15 to $17, reflecting confidence in the company's future prospects [5]

Core Insights - Kornit Digital aims to return to revenue growth while transitioning to a more recurring ARR model, which may affect near-term revenue timing but is expected to strengthen long-term revenue foundations [1][5][6] Financial Performance - Q4 2025 revenues reached $58.9 million, with adjusted EBITDA of $5.5 million, both at the upper end of guidance [6][17] - For the full year 2025, total revenue was $208.2 million, up 2% year-over-year, driven by the expansion of the AIC program [17][18] - The company generated approximately $24 million in operating cash flow for the full year, marking nine consecutive quarters of positive cash generation [6][20] Business Model Transition - Kornit Digital is transitioning towards a more recurring business model, ending 2025 with approximately $25 million in ARR from the AIC program, supported by multiyear customer commitments [6][14][28] - AIC revenue grew 104% year-over-year, contributing $15.2 million in revenues for 2025, up from $3.3 million the previous year [17][18] Market Dynamics - There is a significant shift from screen production to digital, with over 40% of system deals in 2025 coming from new customers, many of whom are traditional screen printers adopting digital production for the first time [7][11] - The company is seeing strong demand for its Apollo systems, with high customer satisfaction and over 40% of existing Apollo customers adding additional systems in 2025 [10][25] Future Outlook - For 2026, Kornit expects low single-digit revenue growth, improved profitability, and continued positive cash flow from operations, with a focus on expanding the AIC program [14][22] - The company anticipates stronger profitability expansion as more customers transition to the AIC model, enhancing revenue visibility and scalability [14][66] Strategic Initiatives - Kornit plans to unveil new technologies and capabilities at the upcoming Connection event, aimed at expanding applications and driving future growth [15][70] - The company is also focusing on the footwear market, with significant opportunities expected to arise from new innovations [71][59]

Financial Data and Key Metrics Changes - Q4 revenues reached $58.9 million, with adjusted EBITDA of $5.5 million, both at the upper end of guidance [6][15] - For the full year 2025, total revenue was $208.2 million, up 2% year-over-year, driven by the expansion of the AIC program [15][16] - Adjusted EBITDA for the full year was $1.5 million compared to $0.3 million in the previous year, indicating a positive trend [17] - Non-GAAP gross margin for Q4 was 50.7%, down from 55.1% in Q4 2024, while for the full year it was 47.2%, down from 48.6% [16][17] Business Line Data and Key Metrics Changes - AIC revenue grew 104% year-over-year, contributing $15.2 million in revenues for the year [15][16] - The company ended the year with approximately $25 million in ARR from the AIC program, supported by multi-year customer commitments [7][15] - Impressions grew at a strong double-digit rate in Q4, with a total of 243 million impressions for the full year, reflecting an 11% growth [5][6] Market Data and Key Metrics Changes - Over 40% of new system deals in 2025 came from net new customers, many of whom were traditional screen printers adopting digital production for the first time [7][8] - The U.S. market showed significant adoption of the Atlas MAX platform among midsize screen printers, indicating a shift towards digital production [8][9] - The footwear market is identified as a significant growth opportunity, with expectations of capturing 2 billion impressions [92][93] Company Strategy and Development Direction - The company aims to transition towards a more recurring ARR model, which is expected to enhance revenue visibility and durability [4][7] - Focus remains on penetrating the screen market and expanding the AIC program while delivering on innovation to support growth beyond 2026 [12][14] - The company plans to introduce new technologies and capabilities in 2026 to expand applications and drive future growth [12][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in entering 2026 with a growing pipeline of opportunities and better visibility, expecting low single-digit revenue growth [12][19] - The transition to digital production is seen as a necessity in the apparel industry, driven by changing consumer demands and sustainability concerns [58] - Management highlighted the importance of customer partnerships and the need for continuous innovation to maintain competitive advantage [84] Other Important Information - The company repurchased $27 million in shares under its share purchase program, reflecting a commitment to returning value to shareholders [18] - The company is preparing for a significant event in April 2026, where new technologies and innovations will be unveiled [14][98] Q&A Session Summary Question: Can you provide more color on peak season performance and Apollo? - Management noted strong double-digit impression growth during peak season, with Apollo systems achieving over 90% uptime and high customer satisfaction [24][25] Question: What were the major accomplishments in 2025? - Key achievements included returning to growth, significant expansion of the AIC program, and positive cash flow generation [27][30] Question: How should we think about system placements in 2026? - The company expects to deliver more systems and capacity, indicating strong future revenue potential from ink and services [32] Question: Can you discuss the significance of the Amazon upgrade order? - Management confirmed a strategic relationship with a global customer, with upgrades expected to take place over several quarters [41] Question: What is the outlook for the direct-to-fabric market? - Management acknowledged challenges in 2025 but expressed confidence in a stronger pipeline and innovative solutions for the footwear market [69][70]

Kornit Digital (NasdaqGS:KRNT) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Company ParticipantsAndrew Backman - Chief Capital Markets OfficerAssaf Zipori - CFOErik Woodring - Managing Director of Equity ResearchRonen Samuel - CEOTroy Jensen - Managing DirectorConference Call ParticipantsBrian Drab - Partner and Equity Research Analyst of Industrial TechnologyChris Moore - Senior AnalystGreg Palm - Senior Research AnalystJames Ricchiuti - Senior AnalystTavy Rosner - Vice President and Equity Research ...

Core Insights - Kornit Digital Ltd. returned to revenue growth in 2025, achieving positive adjusted EBITDA and operating cash flow, driven by a successful peak season that resulted in an 11% increase in full-year impressions [1][2] - The company ended 2025 with approximately $25 million in Annualized Recurring Revenue (ARR) from its All-Inclusive Click (AIC) program, indicating a shift towards a more recurring and predictable business model [1][2] Financial Performance - Total revenue for Q4 2025 was $58.9 million, a decrease from $60.7 million in Q4 2024 [5] - GAAP gross profit margin for Q4 2025 was 48.7%, down from 51.3% in the prior year, while non-GAAP gross profit margin was 50.7%, compared to 55.1% [5] - GAAP net income for Q4 2025 was $1.7 million, or $0.03 per diluted share, compared to $2.2 million, or $0.05 per diluted share, in Q4 2024 [5] - For the full year 2025, total revenue was $208.2 million, up from $203.8 million in 2024 [5] - GAAP net loss for the full year 2025 was $13.5 million, or ($0.30) per diluted share, an improvement from a net loss of $16.8 million, or ($0.35) per diluted share, in 2024 [5] Operational Highlights - The company reported a decrease in GAAP operating expenses for Q4 2025 at $32.2 million, slightly down from $32.3 million in Q4 2024 [5] - Adjusted EBITDA for Q4 2025 was $5.5 million, down from $8.4 million in Q4 2024, with an adjusted EBITDA margin of 9.3% compared to 13.8% in the prior year [5] - For the full year 2025, adjusted EBITDA was $1.5 million, compared to $0.3 million in 2024, with an adjusted EBITDA margin of 0.7% versus 0.2% [12] Future Outlook - The company anticipates unveiling breakthrough innovations in 2026 aimed at expanding addressable markets and accelerating digital adoption [2] - Guidance for Q1 2026 projects revenues between $45 million and $49 million, with an adjusted EBITDA margin expected to be between negative 10% to negative 4% [6]

Core Viewpoint - Kornit Digital Ltd. is set to release its financial results for Q4 and the full year ended December 31, 2025, on February 11, 2026, prior to market opening [1]. Group 1: Financial Results Announcement - The financial results will be discussed in an earnings conference call and webcast on February 11, 2026, at 8:30 am ET [2]. - The conference call will be accessible via Kornit's website and will include dial-in options for participants [2]. Group 2: Company Overview - Kornit Digital is a global leader in sustainable, on-demand digital fashion and textile production technologies, providing end-to-end solutions including digital printing systems, inks, consumables, software, and fulfillment services [3]. - The company operates globally, serving customers in over 100 countries, with headquarters in Israel and offices in the USA, Europe, and Asia Pacific [3].

Group 1: Company Performance Overview - Agfa-Gevaert Group reported a continued decline in medical film markets, while experiencing strong growth in cloud and SaaS within HealthCare IT [2][4] - The overall revenue for Q3 2025 decreased by 7.1% to €257 million compared to Q3 2024, with a notable decline in the Radiology Solutions division [3][7] - Adjusted EBITDA for the group fell to €5 million, a decrease of 65.9% year-over-year, primarily due to the decline in Radiology Solutions [4][7] Group 2: Division-Specific Insights - HealthCare IT revenue decreased by 13.0% to €50 million, with a significant shift towards cloud technology impacting financial performance; however, recurring revenue grew by 0.6% [3][16] - Digital Print & Chemicals division saw a revenue increase of 5.1% to €115 million, driven by Specialty Films & Chemicals, despite unfavorable market conditions [4][17] - Radiology Solutions experienced a 19.4% revenue decline to €74 million, heavily influenced by the ongoing decline in the medical film market, particularly in China [3][18] Group 3: Financial Position and Cash Flow - The company achieved a positive free cash flow of €21 million in Q3, attributed to improvements in working capital and cash inflow from the AgfaPhoto arbitration [4][12] - Net financial debt increased from €37 million in Q4 2024 to €65 million by the end of Q3 2025, indicating a rise in overall debt levels [12][38] - The group’s liquidity headroom was reported at €126.8 million at the end of Q3, well above the minimum covenant requirement [12][12] Group 4: Strategic Initiatives and Future Outlook - Agfa is accelerating and extending its restructuring plans to optimize the cost base of traditional film activities, targeting €50 million in savings [5][24] - The company is exploring redevelopment opportunities for its site in Mortsel, Belgium, to support future growth [5][5] - The outlook for 2025 suggests a slightly negative net cash flow, influenced by outstanding receivables from the sale of the Offset Solutions business [10][10]

Core Insights - Kornit Digital Ltd. reported financial results for Q3 2025, highlighting a year-over-year revenue growth of 5%, reaching $53.1 million, which is above the midpoint of their guidance [6][7] - The company is focusing on accelerating digital adoption in mass apparel production and expanding recurring revenues through its All-Inclusive Click (AIC) model [2][6] - Kornit is also making strides in high-potential markets such as footwear, producing over one million pairs of shoes for leading brands [2] Financial Performance - Total revenue for Q3 2025 was $53.1 million, compared to $50.7 million in Q3 2024 [6][7] - GAAP gross profit margin decreased to 43.5% from 47.7% year-over-year, while non-GAAP gross profit margin was 45.8%, down from 50.3% [7] - The company reported a GAAP net loss of $2.6 million, or ($0.06) per share, compared to a net loss of $0.9 million, or ($0.02) per share, in the prior year [7][21] Operational Highlights - Kornit generated positive adjusted EBITDA of $1.1 million, with an adjusted EBITDA margin of 2% for Q3 2025 [6][7] - Annual recurring revenue from the AIC model grew to $21.5 million in Q3 2025, reflecting continued adoption of the usage-based revenue model [6] - The company is expanding installations of its Apollo and Atlas MAX PLUS systems, which are driving growth in bulk apparel production [6][7] Future Guidance - For Q4 2025, Kornit expects revenues to be in the range of $56 million to $60 million, with an adjusted EBITDA margin between 7% and 10% [4]