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]