Kornit Digital(KRNT) - 2025 Q1 - Earnings Call Presentation

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]