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Kornit Digital Ltd. - KRNT STOCK NEWS

Welcome to our dedicated page for Kornit Digital Ltd. news (Ticker: KRNT), a resource for investors and traders seeking the latest updates and insights on Kornit Digital Ltd. stock.

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.

News

Kornit Digital Reveals New Opportunities for Brands and Retailers, Sportswear, Home Décor, and Screen Printers with Robust Showcase at FESPA Digital Print Expo 2024

Rhea-AI Summary
Kornit Digital showcases innovative solutions at FESPA Global Print Expo 2024, including Atlas MAX PLUS and MAX Transfer, revolutionizing digital fashion and textile production. The company continues to lead in sustainability, quality, and creativity, offering enhanced opportunities for brands and retailers.
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Kornit Digital Reports Fourth Quarter and Full Year 2023 Results

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Kornit Digital Ltd. reported fourth quarter revenues of $56.6 million, achieving breakeven adjusted EBITDA and positive operating cash flow. The company launched the Apollo platform for general commercial use and expects modest revenue growth for 2024. Despite challenges in 2023, Kornit focused on diversifying its customer base and improving operating efficiency.
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Kornit Digital Delivers on Promise of On-Demand Production at Scale with General Availability of Apollo Platform

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Kornit Digital LTD. (NASDAQ: KRNT) announced the commercial availability of its field proven Kornit Apollo direct-to-garment platform. The system can annually decorate over 1.5 million garments with a single operator, integrating versatile smart drying and managing various garment types with a proficiency of up to 400 garments per hour. Successful field implementations underscore the transformative nature of Apollo for on-demand sustainable production at industrial scale. The platform is extremely flexible, with the ability to scale on-demand and handle both bulk and one-offs. The patented MAX technology ensures color accuracy to PANTONE© and spot colors, elevating the quality to its maximum. Retailers and brands benefit from the agility to react in real-time to new trends while streamlining inventory requirements and costs. Screen printers shorten lead times to days and even hours with superior productivity and sustainable production, eliminating waste while leveraging synergies across analog and digital approaches.
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Kornit Digital Sets Fourth Quarter and Full Year 2023 Earnings Release Date and Webcast

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Kornit Digital Ltd. announced the release of its financial results for the fourth quarter and full year ended December 31, 2023, on February 14, 2024. The company will host an earnings conference call and webcast to review the results and operations on the same day, accessible through its website. The dial-in information for the live call and replay details are provided in the press release.
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Kornit Digital Reports Third Quarter 2023 Results

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Kornit Digital Ltd. (KRNT) reports Q3 revenues of $59.2 million, in line with guidance. GAAP net loss of $8.2 million; non-GAAP net loss of $3.4 million. System sales increased quarter-over-quarter. Company operations in Israel remain stable. Q4 revenue expected to be $55-60 million. Adjusted EBITDA margin between -6% to 0%.
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Kornit Digital Sets Third Quarter Earnings Release Date and Webcast

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Kornit Digital Ltd. will release its financial results for Q3 2023 on November 8, 2023. The company will host an earnings conference call and webcast to review the results and operations.
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Kornit Digital Delivers on Vision of Transforming Industry to On-Demand Sustainable Fashion and Textiles at PRINTING United Expo 2023

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Kornit Digital announces its success at ITMA Milan 2023 and introduces digital supply chain solutions at PRINTING United Expo 2023.
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Kornit Digital to Participate in Citi's 2023 Global Technology Conference

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Kornit Digital to conduct one-on-one meetings at Citi's Global Technology Conference
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Kornit Digital Further Demonstrates Commitment to More Sustainable Fashion and Textile Industry with Release of Third-Annual Impact Report

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Kornit Digital issues Impact Report for 2022, highlighting progress in sustainability and diversity goals.
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Kornit Digital Reports Second Quarter 2023 Results

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Kornit Digital Ltd. (Nasdaq: KRNT) reported second quarter revenues of $56.2 million, in line with previous guidance. The company issued third-annual Impact Report highlighting progress on its long-term impact strategy and reaffirming commitment to a more sustainable fashion and textiles industry. The successful ITMA tradeshow in Milan secured high-quality leads and provided a healthy pipeline for 2024 and beyond. Despite lower systems revenues, Kornit's double-digit year-over-year impressions and consumables growth across all regions are driving steady improvement in capacity utilization and strong revenue growth. The company expects revenues for the third quarter of 2023 to be in the range of $58 million to $62 million, with an adjusted EBITDA margin between -6% to -13% of revenue.
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FAQ

What is the current stock price of Kornit Digital Ltd. (KRNT)?

The current stock price of Kornit Digital Ltd. (KRNT) is $31.32 as of November 21, 2024.

What is the market cap of Kornit Digital Ltd. (KRNT)?

The market cap of Kornit Digital Ltd. (KRNT) is approximately 1.5B.

What does Kornit Digital Ltd. do?

Kornit Digital develops, manufactures, and markets industrial and commercial textile printing solutions, including digital printing systems, inks, and software.

When was Kornit Digital Ltd. founded?

Kornit Digital was founded in 2003.

What industries does Kornit Digital serve?

Kornit Digital serves the garment, apparel, and fabric industries with innovative printing solutions.

Where is Kornit Digital Ltd. headquartered?

Kornit Digital is headquartered in Israel with offices in the United States, Asia-Pacific, Europe, and India.

What are NeoPigment™ inks?

NeoPigment™ inks are Kornit's unique formulation that allows high-quality printing on various fabric types using a single ink set.

How does Kornit Digital support sustainability?

Kornit helps reduce textile waste by enabling efficient, on-demand printing, reducing inventories, and supporting nearshore production.

What are the main revenue sources for Kornit Digital?

Kornit's main revenue sources include sales of digital printing systems, inks, consumables, and service subscriptions.

Which geographical markets does Kornit Digital operate in?

Kornit Digital operates globally, with significant markets in the U.S., EMEA, Asia-Pacific, and other countries.

How can I stay updated with Kornit Digital's news?

You can stay updated by joining the Kornit-Digital group or visiting their website at www.kornit.com.

What recent achievements has Kornit Digital made?

Kornit has expanded its product lines and established strategic partnerships to enhance its technological offerings.

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Kornit Digital Ltd.

Nasdaq:KRNT

KRNT Rankings

#2226 Ranked by Market Cap
N/A Ranked by Dividends

KRNT Stock Data

1.50B
47.46M
0.19%
101.6%
1.57%
Specialty Industrial Machinery
Industrials
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United States of America
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