ROSH-HA`AYIN, Israel, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (NASDAQ: KRNT) (“Kornit” or the “Company”), a global pioneer in sustainable, on-demand, digital fashion and textile production technologies, announced today that it will release its financial results for the third quarter ended September 30, 2025 on Wednesday, November 5th, prior to the market open. The Company will host an earnings conference call and webcast reviewing these results and its operations on Wednesday, November 5, 20 ...

Core Insights - Kornit Digital is transitioning a premier screen printing contractor, Promos Ink, from analog systems to its digital production solutions, enhancing agility and quality in custom apparel delivery [1][6] - Promos Ink, based in Dallas, TX, has a strong reputation in screen printing and has over 1,000 partners, focusing on high-quality custom prints [2] - The adoption of Kornit’s Atlas MAX PLUS and Apollo platforms allows Promos Ink to meet the increasing demand for rapid turnaround and diverse order quantities without sacrificing quality [3][4] Company Overview - Kornit Digital is a global leader in sustainable, on-demand digital fashion and textile production technologies, offering comprehensive solutions including printing systems, inks, software, and fulfillment services [5] - The company operates in over 100 countries and has a significant presence in the USA, Europe, and Asia Pacific [5] Industry Context - The custom fashion and apparel market is evolving, with brands facing pressure to deliver high-quality products quickly in an eCommerce-driven environment [4] - The shift from traditional screen printing to on-demand digital production is seen as essential for meeting modern consumer demands [4][6]

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]