Kornit Digital Presents Fashion is Choosing On-Demand in Conjunction with PRINTING United Expo 2024
Kornit Digital (NASDAQ: KRNT) is hosting its "Fashion is Choosing On-Demand" investor event, showcasing its market opportunities and long-term financial goals. The company is leading the digital transformation of the textile industry with solutions addressing the need for agility in fashion supply chains. Key highlights include:
1. Accelerating shift from analog to on-demand digital production
2. All-Inclusive Click (AIC) model moving beyond pilot phase
3. Long-term targets of double-digit revenue growth and improved profitability
4. Board approval of an additional $100 million share repurchase program
Kornit's technology, including MAX platforms and the new Apollo, enables efficient, high-quality production for both Direct-to-Garment and Roll-to-Roll production. The company's revamped go-to-market strategy focuses on end-to-end solutions and expansion into new segments.
Kornit Digital (NASDAQ: KRNT) sta ospitando il suo evento per investitori "La Moda Sceglie su Richiesta", mettendo in mostra le sue opportunità di mercato e obiettivi finanziari a lungo termine. L'azienda sta guidando la trasformazione digitale dell'industria tessile con soluzioni che rispondono alla necessità di agilità nelle catene di approvvigionamento della moda. I punti salienti includono:
1. Accelerazione del passaggio dalla produzione analogica alla produzione digitale su richiesta
2. Modello All-Inclusive Click (AIC) che va oltre la fase pilota
3. Obiettivi a lungo termine di crescita dei ricavi a due cifre e redditività migliorata
4. Approvazione da parte del Consiglio di un ulteriore programma di riacquisto di azioni da 100 milioni di dollari
La tecnologia di Kornit, inclusi i platform MAX e il nuovo Apollo, consente una produzione efficiente e di alta qualità sia per la produzione Direct-to-Garment che per quella Roll-to-Roll. La strategia di market entry rinnovata dell'azienda si concentra su soluzioni end-to-end ed espansione in nuovi segmenti.
Kornit Digital (NASDAQ: KRNT) está llevando a cabo su evento para inversores "La Moda Elige Bajo Demanda", mostrando sus oportunidades de mercado y metas financieras a largo plazo. La compañía está liderando la transformación digital de la industria textil con soluciones que abordan la necesidad de agilidad en las cadenas de suministro de moda. Los puntos destacados incluyen:
1. Aceleración del cambio de la producción analógica a la producción digital bajo demanda
2. Modelo All-Inclusive Click (AIC) que avanza más allá de la fase piloto
3. Objetivos a largo plazo de crecimiento de ingresos de dos dígitos y mejora de la rentabilidad
4. Aprobación por parte de la Junta de un programa adicional de recompra de acciones por 100 millones de dólares
La tecnología de Kornit, que incluye las plataformas MAX y el nuevo Apollo, permite una producción eficiente y de alta calidad tanto para la producción Direct-to-Garment como para la producción Roll-to-Roll. La estrategia de acceso al mercado renovada de la compañía se centra en soluciones de extremo a extremo y en la expansión a nuevos segmentos.
Kornit Digital (NASDAQ: KRNT)는 "패션은 주문형 선택"이라는 투자자 이벤트를 개최하여 시장 기회와 장기 재무 목표를 소개합니다. 이 회사는 패션 공급망에서의 민첩성 필요에 대응하는 솔루션을 통해 섬유 산업의 디지털 혁신을 선도하고 있습니다. 주요 하이라이트는 다음과 같습니다:
1. 아날로그에서 주문형 디지털 생산으로의 전환 가속화
2. 파일럿 단계를 넘어선 All-Inclusive Click (AIC) 모델
3. 두 자릿수 수익 성장 및 개선된 수익성에 대한 장기 목표
4. 추가로 1억 달러의 자사주 매입 프로그램에 대한 이사회 승인
Kornit의 기술, MAX 플랫폼 및 새로운 Apollo 등을 포함하여, Direct-to-Garment 및 Roll-to-Roll 생산을 위한 효율적이고 고품질의 생산을 가능하게 합니다. 회사의 개편된 시장 접근 전략은 엔드 투 엔드 솔루션 및 새로운 세그먼트로의 확장에 중점을 둡니다.
Kornit Digital (NASDAQ: KRNT) organise son événement pour investisseurs intitulé "La Mode Choisit à la Demande", mettant en avant ses opportunités de marché et ses objectifs financiers à long terme. L'entreprise mène la transformation numérique de l'industrie textile avec des solutions visant à répondre au besoin d'agilité dans les chaînes d'approvisionnement de la mode. Les points forts incluent :
1. Accélération du passage de la production analogique à la production numérique à la demande
2. Modèle All-Inclusive Click (AIC) dépassant la phase pilote
3. Objectifs à long terme de croissance des revenus à deux chiffres et d'amélioration de la rentabilité
4. Approbation par le conseil d'administration d'un programme de rachat d'actions supplémentaire de 100 millions de dollars
La technologie de Kornit, y compris les plateformes MAX et le nouveau Apollo, permet une production efficace et de haute qualité tant pour la production Direct-to-Garment que pour la production Roll-to-Roll. La stratégie de mise sur le marché revue de l'entreprise se concentre sur des solutions de bout en bout et l'expansion dans de nouveaux segments.
Kornit Digital (NASDAQ: KRNT) veranstaltet sein Investoren-Event "Fashion is Choosing On-Demand", um seine Marktchancen und langfristigen finanziellen Ziele vorzustellen. Das Unternehmen führt die digitale Transformation der Textilindustrie mit Lösungen an, die auf den Bedarf an Agilität in der Mode-Lieferkette eingehen. Wichtige Highlights sind:
1. Beschleunigung des Wandels von analoger zu On-Demand-Digitalproduktion
2. All-Inclusive Click (AIC) Modell, das über die Pilotphase hinausgeht
3. Langfristige Ziele von zweistelligem Umsatzwachstum und verbesserter Rentabilität
4. Genehmigung durch den Vorstand eines zusätzlichen Aktienrückkaufprogramms über 100 Millionen Dollar
Die Technologie von Kornit, einschließlich der MAX-Plattformen und des neuen Apollo, ermöglicht eine effiziente und qualitativ hochwertige Produktion sowohl für Direct-to-Garment als auch für Roll-to-Roll-Produktion. Die überarbeitete Markteinführungsstrategie des Unternehmens konzentriert sich auf End-to-End-Lösungen und die Expansion in neue Segmente.
- Accelerating adoption of Kornit's digital production solutions by screen printers
- Introduction of All-Inclusive Click (AIC) model to lower entry barriers and unlock new market opportunities
- Long-term financial targets include double-digit revenue growth and improved profitability
- Board approval of $100 million share repurchase program, demonstrating confidence in company vision
- None.
Insights
Kornit Digital's investor event reveals promising developments for the company's future. The shift towards on-demand digital production in the textile industry presents a significant market opportunity for Kornit. The company's All-Inclusive Click (AIC) model is particularly noteworthy, as it moves beyond the pilot phase and could contribute meaningfully to recurring revenue.
Management's long-term financial targets of double-digit revenue growth and strong improvements to profitability are ambitious but align with the industry's digital transformation trend. The
Kornit's technological advancements in digital textile printing are impressive. Their MAX platforms and the new Apollo system address key industry pain points such as speed, creativity and waste reduction. The integration of systems, consumables and workflow software creates a comprehensive ecosystem that could give Kornit a competitive edge.
The growing adoption by screen printers indicates market validation of Kornit's solutions. However, the tech landscape is dynamic and Kornit must continue innovating to maintain its leadership position. The focus on end-to-end solutions and expansion into new segments is strategically sound, but execution and ongoing R&D investment will be important for long-term success in this rapidly evolving sector.
The textile industry is undergoing a significant transformation driven by changing consumer behaviors. Kornit's on-demand digital solutions are well-positioned to capitalize on trends such as real-time fashion, sustainability and rapid delivery. The company's focus on addressing these market needs could lead to increased market share and customer loyalty.
The expansion of Kornit's go-to-market strategy into new segments presents growth opportunities but also challenges in terms of market penetration and competition. The success of the AIC model could be a game-changer, potentially lowering barriers to entry for new customers and expanding Kornit's addressable market. Investors should monitor key performance indicators such as customer acquisition costs, retention rates and the pace of digital adoption in the textile industry to gauge Kornit's market position and growth trajectory.
- The shift from analog to on-demand digital production is accelerating, evidenced by a growing number of screen printers adopting Kornit Apollo and other Kornit MAX-powered platforms
- The All-Inclusive Click (AIC) model moves beyond its pilot phase, providing predictable costs, lowering barriers to entry, and unlocking a significant incremental market opportunity
- Management’s long-term financial targets include double-digit revenue growth, meaningful recurring revenue contribution from the AIC model, and strong improvements to profitability
- As a testament to the Company’s conviction in its vision, Kornit’s board of directors approves an additional
$100 million repurchase program expected to be completed by the middle of 2025
ROSH-HA`AYIN, Israel , Sept. 10, 2024 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ: KRNT) is hosting its "Fashion is Choosing On-Demand" investor event today in Las Vegas, in conjunction with its participation in PRINTING United Expo 2024. The Company will highlight its market opportunities, showcase its technology, outline its go-to-market strategy, and detail its long-term financial goals.
Ronen Samuel, Kornit’s Chief Executive Officer, said “Kornit has a tremendous opportunity to lead in the digital transformation of the textile industry. Brands and retailers need agility, and our solutions are perfectly aligned with these demands. With the addition of our innovative AIC model, and our revamped go-to-market, we are confident that Kornit is well positioned to deliver value to our customers, shareholders, and employees.”
Kornit Solutions Address Market Needs and Are Ready to Deliver
Today’s consumers are driven by real-time trends, and demand endless choice, sustainability, and overnight delivery. These are needs that outdated fashion supply chains cannot support. Kornit’s on-demand digital solutions tackle these challenges by offering speed, creativity, optimized production, and minimized waste. The Company’s patented technology, including MAX platforms and the newly launched Apollo, enables efficient, high-quality production runs. This creates a comprehensive solution of systems, consumables, and workflow software for both Direct-to-Garment (DTG) and Roll-to-Roll production. The shift from analog to on-demand digital production is now accelerating, evidenced by a growing number of screen printers adopting Kornit solutions. The Company’s revamped go-to-market strategy focuses on end-to-end solutions, expanding into new segments, and unlocking a meaningful incremental market opportunity.
Commitment to Growth and Shareholder Value
Mr. Samuel concluded, “Through the end of the decade, we are targeting double-digit growth, meaningful recurring revenue contribution from the AIC model, and strong improvements to profitability. Today, we also announced an additional
Investor Event Webcast Information
Date: September 10, 2024
Presentation Start Time: 9:00 a.m. PT
Click here to register
Interested parties can tune in to a live webcast of the event, which will be available on Kornit’s investor relations page at https://ir.kornit.com/. A replay of the webcast and presentation materials will also be posted on the Company’s investor relations website following the event.
About Kornit Digital
Kornit Digital (NASDAQ: KRNT) is a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies. The Company offers end-to-end solutions including digital printing systems, inks, consumables, software, and fulfillment services through its global fulfillment network. Headquartered in Israel with offices in the USA, Europe, and Asia Pacific, Kornit Digital serves customers in more than 100 countries and states worldwide. To learn more about how Kornit Digital is boldly transforming the world of fashion and textiles, visit www.kornit.com.
Forward Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and other U.S. securities laws. Forward-looking statements are characterized by the use of forward-looking terminology such as “will,” “expects,” “anticipates,” “believes,” “intends,” “planned,” or other similar words. These forward-looking statements include, but are not limited to, statements relating to the Company’s objectives, plans and strategies, including with respect to the Company’s authorized share repurchase program, statements regarding the Company’s results of operations and financial condition and all statements that address developments that the Company expects or anticipates will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. The Company has based these forward-looking statements on assumptions and assessments made by its management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things: potential objection to the share repurchase program by the Company’s creditors and/or failure to receive Israeli court approval after any such objection; the Company’s degree of success in developing, introducing and selling new or improved products and product enhancements including specifically the Company’s Poly Pro and Presto products, and the Company’s Apollo direct-to-garment platform; the extent of the Company’s ability to increase sales of its systems, ink and consumables; the development of the market for digital textile printing; and those additional factors referred to under “Risk Factors” in Item 3.D of the Company’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the SEC on March 28, 2024. Any forward-looking statements in this press release are made as of the date hereof, whether as a result of new information, future events or otherwise, except as required by law.
Investor Contact:
Jared Maymon
Global Head of Investor Relations & Strategic Finance
Jared.Maymon@Kornit.com
FAQ
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