ROSH HA’AYIN, Israel and ENGLEWOOD. N.J., Jan. 20, 2026 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or the “Company”) (NASDAQ: KRNT), a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, today announced the appointment of Andrew G. Backman as Chief Capital Markets Officer, effective January 13, 2026. In this role, Mr. Backman will support Kornit’s capital markets activities, investor relations, and corporate and business development initiatives. Mr. ...

Meridian Funds, managed by ArrowMark Partners, released its “Meridian Contrarian Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Equities hit a record high in the third quarter, fueled by continued gains in technology and falling bond yields. Easing tariff rhetoric and renewed AI infrastructure investments boosted large tech stocks. In mid-September U.S. Federal Reserve lowered rates by 25 basis points. In this environment, the fund returned 6.72% (net) during the qua ...

Core Insights - Kornit Digital Ltd. announced a CFO transition and a new $100 million share repurchase authorization, reflecting confidence in its strategy and long-term growth plan [1][5][6] CFO Transition - Lauri Hanover will step down as Chief Financial Officer for personal reasons, remaining in the position until mid-December 2025 to ensure a smooth transition [2] - Assaf Zipori has been appointed as the new CFO, bringing extensive financial expertise and operational leadership experience from previous roles, including Global CFO of Nano Dimension Ltd. [3][4] Share Repurchase Program - The Board of Directors has authorized a share repurchase program of up to $100 million, building on $165 million in repurchases executed since 2023 [5][6] - The program reflects Kornit's strong balance sheet and confidence in its long-term growth trajectory, with repurchases to be conducted in accordance with market conditions and regulations [6][7] Company Overview - Kornit Digital is a market leader in sustainable, on-demand digital fashion and textile production technologies, offering end-to-end solutions including digital printing systems and fulfillment services [8]

Financial Performance - Q3 2025 revenues reached $53.1 million[12], exceeding the midpoint of guidance[12] - Q3 2025 EBITDA margin was 20%[12] - Contracted annual recurring revenue (ARR) from AIC reached $21.5 million at the end of Q3 2025[12], and subsequently moved into Q4 to bring contracted ARR from AIC to $23.1 million[19] - Q3 2025 non-GAAP gross margin was 458%, compared to 503% in Q3 2024[36] - Q3 2025 non-GAAP operating expenses were $25.8 million, down from $26.8 million in Q3 2024[38] - Cash, deposits, and marketable securities were approximately $489.8 million at the end of Q3 2025[40] Business Updates - Kornit aims to serve 5% of the addressable market of bulk production runs below one thousand units by 2030[15] - 40% of Apollo and Atlas MAX PLUS systems sold in 2025 were to new customers[19] - 80% of Apollo systems operate under the AIC model[19] - Impressions grew to 232 million on a trailing twelve-month (TTM) basis in Q3, up approximately 5% year-over-year[19]

Core Insights - Kornit Digital LTD. is a leader in sustainable, on-demand digital fashion and textile production technologies, with Snuggle expanding its investment in Kornit's Atlas MAX PLUS platform to meet rising customer demand and maintain quality [1][4] Group 1: Company Expansion and Production Capacity - Snuggle has increased its production capacity by more than three times since 2017, now producing over 24,000 pieces daily using Kornit technology [2][7] - The company has expanded its fleet to nine Kornit Digital printing systems, enhancing its ability to deliver superior graphic detail and retail quality [6][7] Group 2: Strategic Partnership and Market Adaptation - The partnership between Snuggle and Kornit is strategic for growth, with Snuggle's success tied to Kornit's advanced direct-to-garment systems [3][10] - Kornit technology enables Snuggle to adapt to market demands for speed, quality, and flexibility, positioning them as a leader in high-quality, on-demand fulfillment [3][10] Group 3: Industry Impact - The collaboration exemplifies how digital textile production is transforming the industry, allowing companies to meet evolving customer requirements effectively [3][10] - Kornit Digital serves customers in over 100 countries, highlighting its global reach and influence in the fashion and textile production sector [4]

Financial Performance - Q2 2025 revenues reached $49.8 million, driven by systems sales and AIC, but below the midpoint of guidance due to consumables and service headwinds[10, 21] - The adjusted EBITDA margin was -2.3%[10] - Non-GAAP gross margin decreased to 46.3% in Q2 2025, compared to 48.6% in Q2 2024, primarily due to a lower portion of consumables revenue in the sales mix[24, 25] - Non-GAAP operating expenses decreased to $26.7 million in Q2 2025 from $28 million in Q2 2024[27] - Cash, deposits, and marketable securities were approximately $489 million at the end of Q2 2025[31] Market Dynamics - Impressions grew 4.7% year-over-year to 222.7 million, with strong double-digit growth from top customers in DTG and R2R[11, 37] - Annual recurring revenue from AIC grew to $18.9 million[10, 39] Future Outlook - The company expects low single-digit growth in H2[15] - Q3 2025 revenues are expected to be in the range of $49 million to $55 million, with an adjusted EBITDA margin between -3% and 3%[33]

Core Insights - Kornit Digital Ltd. reported second quarter results for 2025, achieving revenues of $49.8 million, which aligns with previous guidance and shows a slight increase from $48.6 million in the same period last year [7][8] - The company experienced a GAAP net loss of $7.5 million, compared to a net loss of $4.9 million in the second quarter of 2024, while non-GAAP net income was $1.2 million, slightly up from $1.1 million year-over-year [7][8] - Kornit Digital is focusing on scaling the adoption of its Apollo and AIC systems, expanding its customer base in screen printing, and maintaining profitability in adjusted EBITDA and operating cash flow [3][4] Financial Performance - Second quarter revenues were $49.8 million, up from $48.6 million year-over-year [8] - GAAP gross profit margin decreased to 41.7% from 45.8% in the prior year, while non-GAAP gross profit margin fell to 46.3% from 48.6% [8] - GAAP operating expenses were $31.6 million, down from $33.0 million in the prior year, with non-GAAP operating expenses decreasing by 4.4% to $26.7 million [8] - Adjusted EBITDA loss for the second quarter was $1.2 million, an improvement from a loss of $1.6 million in the same quarter of 2024, resulting in an adjusted EBITDA margin of negative 2.3% compared to negative 3.4% [8][34] Future Guidance - For the third quarter of 2025, Kornit Digital expects revenues to be in the range of $49 million to $55 million, with an adjusted EBITDA margin projected between negative 3% and 3% [5] Business Strategy - The company is focused on transforming its business model towards recurring revenue and long-term growth, despite a modest outlook for the second half of the year [2][3] - Kornit Digital is seeing positive traction from screen-printing customers adopting digital solutions for the first time and from customized design customers expanding their capacity [2][3]

分组1 - Vestis reported quarterly earnings of $0.05 per share, matching the Zacks Consensus Estimate, but down from $0.16 per share a year ago [1] - The company posted revenues of $673.8 million for the quarter ended June 2025, slightly exceeding the Zacks Consensus Estimate by 0.04%, but down from $698.25 million year-over-year [2] - Vestis has only surpassed consensus EPS estimates once in the last four quarters and has underperformed the market, losing about 60.9% since the beginning of the year [3][4] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.09 on revenues of $698.48 million, and for the current fiscal year, it is $0.23 on revenues of $2.71 billion [7] - The Zacks Industry Rank for Uniform and Related is in the top 41% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Financial Performance - First quarter 2025 revenues reached $46.5 million[12,39] - Adjusted EBITDA margin was -8.4%[12] - The company generated positive cash from operations during the quarter[12] - Non-GAAP gross margin improved to 45.3% in Q1 2025, compared to 37.5% in Q1 2024[44] - The company completed a $75 million accelerated share repurchase program, buying back approximately 2.5 million shares[50] Business Highlights - Annual recurring revenue (ARR) from All-Inclusive Click (AIC) contracts reached $14.5 million[22] - Approximately 80% of Kornit's revenue is now recurring or highly predictable, combining AIC with re-occurring consumables and service revenue[22] - Trailing twelve-month impressions reached a record 222 million, a 10% increase year-over-year[24,25] Future Outlook - The company expects full-year revenue growth, adjusted EBITDA profitability, and positive operating cash flow[32] - Second quarter 2025 revenue is expected to be in the range of $49 million to $55 million[51] - Second quarter 2025 Adjusted EBITDA margin is expected to be in the range of -4% to 4%[52]