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Kornit Digital Ltd. (symbol: KRNT) is a pioneering force in the global textile printing industry. Established in 2003, the company develops, manufactures, and markets innovative industrial and commercial solutions for the garment, apparel, and fabric sectors. With a strong commitment to digital textile printing, Kornit Digital leads the market with its integrated pretreatment solutions and unique NeoPigment™ inks, addressing the diverse needs of both designers and manufacturers.
Kornit's expertise in direct-to-garment (DTG) printing is revolutionizing the roll fabric industry by enabling high-quality printing on various fabric types using a single ink set. The company offers a wide range of digital printing systems, inks, consumables, software, and value-added services that facilitate large-scale printing of intricate designs directly onto finished garments and fabrics. This comprehensive approach not only enhances efficiency but also supports sustainability by reducing inventories and promoting nearshore production.
Headquartered in Israel with offices across the United States, Asia-Pacific, Europe, and India, Kornit Digital serves customers in over 100 countries. The U.S. remains the primary revenue source, underscoring the company's significant presence in the region. Kornit Digital's solutions are designed to reduce time-to-market, improve production capabilities, and foster eco-friendly practices within the textile industry.
Recent achievements include the expansion of their product lines and the establishment of strategic partnerships aimed at enhancing their technological offerings. Kornit continues to innovate, ensuring they meet the evolving demands of the textile printing market. The company’s financial health remains robust, driven by consistent revenue from system sales, consumables, and service subscriptions.
Stay updated with Kornit Digital's latest news and developments by joining the Kornit-Digital group or visiting their website at www.kornit.com.
Kornit Digital (Nasdaq: KRNT) has launched its innovative MAX technology, setting new standards for on-demand fashion and apparel production. This technology enhances retail quality across various fabric types and introduces the XDi feature for 3D printing, allowing high-density graphic decoration without waste. The first product using this technology is the Kornit Atlas MAX, which provides unmatched quality and durability. Additionally, the ActiveLoad Automation system aims to improve production efficiency. Kornit plans to expand this technology into sectors like team sports and home décor.
Kornit Digital (Nasdaq: KRNT) has launched its new MAX technology, revolutionizing on-demand textile production with enhanced retail quality and versatility. This innovation includes XDi technology for 3D printing capabilities, allowing brands to use simulated embroidery and heat transfers, all within a waste-free process. The Kornit Atlas MAX system, featuring this technology, is now available and boasts exceptional color matching and durability. The company aims to expand this technology across various market segments, aligning with the growing demand for sustainable, on-demand production.
Kornit Digital (Nasdaq: KRNT) will release its first quarter 2021 earnings results on May 11, 2021, before market opening. A conference call to discuss these results will be held at 8:30 am ET on the same day. Kornit specializes in industrial digital printing technologies for the textile industry, providing solutions including printing systems and software. With its exclusive eco-friendly NeoPigment printing process, the company addresses the evolving needs of the textile printing market.
Kornit Digital (Nasdaq: KRNT) announced the availability of its annual report on Form 20-F, containing audited financial statements for the year ended December 31, 2020. The report is accessible on Kornit's website, and shareholders can request a hard copy free of charge. This announcement complies with NASDAQ Listing Rule 5250(d)(1)(C). Established in 2002, Kornit Digital specializes in digital textile printing technology, providing comprehensive solutions, including systems, inks, and software, to support the garment and textile industries.
Kornit Digital (Nasdaq: KRNT) announced that Printful will expand its global fulfillment capacity by adding more than 50 Kornit Atlas systems in 2021. This expansion is part of Printful's strategy to enhance direct-to-garment production capabilities. Printful, recognized for significant revenue growth of 441% and over $722 million in goods sold, aims to fulfill consumer demands for customization and sustainable practices. Kornit supports Printful's growth with its advanced technology, as both companies capitalize on the increasing e-commerce demand.
Kornit Digital (NASDAQ: KRNT) announced the Kornit Fashion Week Tel Aviv 2021, running from March 28 to April 1. This event, celebrating its 10th anniversary, emphasizes sustainable fashion through a collaboration between technology and creativity. Over 30 leading designers will showcase collections utilizing Kornit’s innovative printing technology. The event supports an ‘on-demand’ production model that minimizes waste. Notably, eight emerging designers will present their work, funded by a significant grant. The week is set to feature various fashion showcases, emphasizing inclusivity and sustainability in the industry.
Kornit Digital (NASDAQ: KRNT) announced the installation of its Kornit Presto S at Creazioni Digitali, a printing service for high-end fashion, enhancing sustainable pigment-based production. This direct-to-fabric technology reduces water usage and offers efficient, eco-friendly printing options. Creazioni Digitali is set to leverage this technology for growth, aligning with sustainability goals in the fashion industry. The installation symbolizes Kornit’s commitment to innovation within textile printing, ensuring high-quality outputs with minimal environmental impact.
Kornit Digital Ltd. (NASDAQ: KRNT) reported a record fourth quarter for 2020, achieving 49% year-over-year revenue growth to $72.3 million. The net cash from operations was a strong $34.3 million. Non-GAAP operating profit was $11.8 million, highlighting significant operational efficiency. For the full year, revenue reached $193.3 million, despite a GAAP net loss of $4.8 million. CEO Ronen Samuel stated that the textile industry is undergoing a digital transformation, positioning Kornit for continued growth and innovation in 2021.
Kornit Digital (Nasdaq: KRNT) announces Kornit Fashion Week in Tel Aviv, March 28 – April 1, 2021, featuring over 40 leading fashion designers. The event focuses on sustainable practices through technological collaboration, addressing significant issues such as water pollution from traditional manufacturing. Kornit's innovative, eco-friendly processes support on-demand production to minimize waste and enhance sustainability in fashion. CEO Ronen Samuel highlights the company's commitment to advancing sustainable, profitable production methods that respond to changing market demands.
Kornit Digital (Nasdaq: KRNT) will release its fourth quarter and full year earnings results for the period ending December 31, 2020, on February 16, 2021, post-market closure. A conference call will follow at 5:00 PM ET for management to discuss the financial results.
Look for insights on Kornit's performance in industrial digital printing technologies for textiles, addressing its complete solutions including digital printing systems and eco-friendly technologies.
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