Kornit Digital(US:KRNT)2021-05-21 19:14Financial Goals and Projections - Kornit's goal is to achieve $1 billion in revenue by 2026[10] - The company is targeting a gross margin of 50%-54% and an operating margin of over 20% by 2026[70, 76] - KornitX revenue goal is to exceed $100 million in 2026[67] - The company's annual run rate goal is $500 million before the end of 2023[70] Market Opportunity and Technology - The Direct-to-Garment (DTG) market represents a Total Addressable Market (TAM) of 21 billion impressions in 2020, projected to reach 31 billion impressions by 2026[47] - The Direct-to-Fabric (DTF) market represents a TAM of 39 billion square meters in 2020, projected to reach 42 billion square meters in 2026[51] - Embroidery represents a $5.2 billion impressions market[29] - Heat Transfer and Vinyl represent a 2.2 billion impressions market[34] - High Density represents a 0.3 billion impressions market[37] Technological Advancements - The company introduced MAX Technology, setting a new standard for on-demand production with higher quality, productivity, durability, and new sustainability applications[25, 26] - Atlas Max with automation reduces loading and unloading time from 35 seconds to 15 seconds, resulting in a 20% increase in garments per hour[43]