Core Viewpoint - Kornit Digital Ltd. is set to release its financial results for Q2 2025 on August 6, 2025, prior to market opening [1]. Group 1: Financial Results Announcement - The financial results for the second quarter ended June 30, 2025, will be announced on August 6, 2025 [1]. - An earnings conference call and webcast will be held on the same day at 8:30 am ET to review the results and operations [2]. Group 2: Conference Call Details - The conference call will be accessible via Kornit's website and will include dial-in options for participants [2]. - A replay of the call will be available approximately three hours after the live event until August 20, 2025 [2][3]. Group 3: Company Overview - Kornit Digital is a leader in sustainable, on-demand digital fashion and textile production technologies, offering end-to-end solutions [3]. - The company operates globally, serving customers in over 100 countries with a comprehensive range of products and services [3].

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].

Financial Data and Key Metrics Changes - First quarter revenues were $46,500,000, within the guidance range of $45,500,000 to $49,500,000 [23][24] - Non-GAAP gross margin reached 45.2%, up from 37.5% year-over-year, attributed to operating efficiencies and a one-time materials recovery effort [25] - Adjusted EBITDA was negative $3,900,000, an improvement from negative $7,800,000 in the same period last year, with an adjusted EBITDA margin of negative 8.4% [26] - Operating cash flow was $5,800,000 compared to $4,000,000 in the same period last year [26] - Cash balance at quarter-end was $513,000,000 [26] Business Line Data and Key Metrics Changes - Product revenues grew year-over-year, primarily due to the expansion of the AIC program [24] - Service revenue declined year-over-year due to fewer upgrades of the Atlas Max, partially offset by upgrades to Max Plus [24] - Annual recurring revenue (ARR) from AIC contracts reached $14,500,000, representing a stable and growing base of recurring revenue [15][16] Market Data and Key Metrics Changes - The apparel industry is experiencing significant disruption, with brands and retailers rethinking supply chains due to trade policy changes and consumer demands for faster delivery and sustainability [7][8] - Kornit reported a record 222 million impressions, up 10% year-over-year, driven by stronger system utilization [17] Company Strategy and Development Direction - Kornit is focusing on the successful adoption and scale-up of the Apollo system to penetrate the mass production market [12] - The company is accelerating the adoption of its all-inclusive click AIC model, which is gaining traction in the market [15] - Kornit aims to capture the mass production space for print runs under 1,000 units, estimated at $4,500,000,000 globally [22] Management's Comments on Operating Environment and Future Outlook - Management noted that macroeconomic conditions have delayed some planned system purchases but emphasized a growing conviction among brands to transition to on-demand mass production [11] - The company expects full-year revenue growth, adjusted EBITDA profitability, and positive operating cash flow, with stronger growth anticipated in the second half of 2025 [21] Other Important Information - Kornit completed a $75,000,000 accelerated share repurchase program, repurchasing approximately 2,500,000 shares [27] - The company is actively pursuing partnerships to enhance its global fulfillment network, including collaborations with MAS Acme and Guten [19][20] Q&A Session Summary Question: Discussion on the transition to screen and recent changes in tariffs and trade supply chains - Management highlighted that the fashion and textile market is undergoing significant disruption, with brands moving towards local manufacturing to reduce inventory and markdowns [36] Question: Apollo placement numbers for the year - Management expects to deliver approximately 30 Apollo systems this year, with a strong pipeline despite some delays [43][44] Question: Clarification on ARR and its growth potential - Management confirmed that the ARR reflects the minimum commitment from customers, with expectations for continued growth throughout the year [51][52] Question: Opportunities for profitability while waiting for revenue growth - Management is focused on operational efficiencies and connecting customers with demand generators to drive impression growth, which is crucial for recurring revenue [95][96] Question: Update on the roll-to-roll market opportunity - Management noted growth in the roll-to-roll segment, particularly in footwear and technical markets, with increasing traction and customer interest [88][89]

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].

Core Insights - The Agfa-Gevaert Group reported stable adjusted EBITDA in Q1 2025 compared to Q1 2024, with improved sales mix and effective cost control offsetting declines in traditional film markets [1][5][10]. Financial Performance - Total revenue decreased by 3.2% from €250 million in Q1 2024 to €242 million in Q1 2025 [4][10]. - Adjusted EBITDA remained stable at €2 million, representing 0.9% of revenue, up from 0.7% in Q1 2024 [4][10]. - The net loss for the period was €20 million, slightly improved from a loss of €21 million in Q1 2024 [4][10]. Division Performance HealthCare IT - Revenue increased by 12.0% to €57 million, with adjusted EBITDA rising from €1.3 million to €5.0 million [2][9]. - The division saw a 63% increase in rolling order intake over 12 months, with a significant share from new customers and cloud-related contracts [11]. - Gross profit margin improved from 43.8% to 47.9% [11]. Digital Print & Chemicals - Revenue grew by 5.8% to €97 million, with adjusted EBITDA increasing from €1.0 million to €2.3 million [13][17]. - Ink sales rose by 16%, although equipment sales were affected by a weaker investment climate [17]. Radiology Solutions - Revenue declined by 15.6% to €73 million, with adjusted EBITDA dropping to -€4.5 million [15][16]. - The division faced challenges due to a significant decline in medical film markets, particularly in China [5][10]. Contractor Operations - Revenue decreased by 29.1% to €15 million, with adjusted EBITDA down by 30.6% [18]. Outlook - The company expects continued strong performance from growth engines in 2025, with a stronger second half anticipated due to seasonal factors [8][10]. - Cost optimization measures for traditional film activities are expected to yield initial savings in the second half of 2025 [1][5].

Company Overview - Kornit Digital Ltd. is a global leader in sustainable, on-demand, digital fashion and textile production technologies [3] - The company provides end-to-end solutions including digital printing systems, inks, consumables, software, and fulfillment services [3] - Kornit Digital operates in over 100 countries and has a global fulfillment network [3] Financial Results Announcement - Kornit Digital will release its financial results for the first quarter ended March 31, 2025, on May 14, 2025, prior to market open [1] - An earnings conference call and webcast will be held on the same day at 8:30 am ET to review the results and operations [2] - The live call can be accessed through Kornit's website, and a replay will be available approximately three hours after the call until May 28, 2025 [2][3]