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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.

Rhea-AI Summary
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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Kornit Digital successfully concluded its exhibition at ITMA 2023, experiencing high volumes of engagement with new customers from key regions. Brands and retailers are digitally transforming analog supply chains with sustainable on-demand solutions. Kornit's new products and innovations reaffirm its market leadership in sustainable digital textile decoration.
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Kornit Digital announces enhancements to the Presto MAX system for digital fabric decoration on demand. The solution offers breakthrough capabilities for transforming virtual concepts into custom fabrics and introduces white printing on colored fabrics. The new NeoPigment™ Vivido ink set achieves darker blacks and vivid colors with reduced ink laydown. The solution aims to address sustainability challenges in the fashion industry and allows producers to create more with less.
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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 $32.6 as of December 20, 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.

Kornit Digital Ltd.

Nasdaq:KRNT

KRNT Rankings

KRNT Stock Data

1.55B
47.46M
0.19%
102.09%
3.09%
Specialty Industrial Machinery
Industrials
Link
United States of America
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