Kornit Digital(KRNT) - 2025 Q3 - Earnings Call Presentation

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]