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.
Kornit Digital reported fourth quarter 2022 revenues of $63.3 million, down from $87.5 million in Q4 2021, reflecting a $4.3 million impact from non-cash warrants. The company posted a GAAP operating loss of $16.7 million and a non-GAAP operating loss of $9.9 million. Despite a solid peak season, it faced a GAAP net loss of $35.4 million or ($0.71) per share. Full-year revenue also declined to $271.5 million from $322 million in 2021. For Q1 2023, Kornit expects revenues between $47 million and $52 million. The focus for 2023 includes achieving profitability and launching new products.
Kornit Digital Ltd. (NASDAQ: KRNT) announced it will release its financial results for Q4 and full year 2022 on February 15, 2023, before the market opens. The earnings conference call will take place the same day at 8:30 am ET, available via Kornit’s website. The Company specializes in sustainable, on-demand digital fashion and textile production technologies, serving clients globally. More details regarding the financial results and insights into operations are expected during the call.
Kornit Digital Ltd. (NASDAQ: KRNT), a leader in sustainable digital fashion and textile production technologies, announced its participation in the 25th Annual Needham Growth Conference. One-on-one meetings with investors will be held on January 10th and 11th, 2023, at the Lotte New York Palace Hotel. Interested investors are encouraged to contact their Needham representatives to schedule a meeting. Kornit Digital, headquartered in Israel, provides end-to-end solutions for digital printing, serving clients in over 100 countries globally.
Kornit Digital Ltd. (Nasdaq: KRNT), a leader in sustainable digital fashion and textile production, announced it will hold one-on-one meetings at the Barclays Global Technology, Media and Telecommunications Conference on December 7th and 8th, 2022. The meetings will be hosted by Andrew G. Backman, Global Head of Investor Relations, at the Palace Hotel in San Francisco, California. Interested investors are encouraged to contact their Barclays representative for scheduling.
Kornit Digital provides end-to-end solutions including digital printing systems, inks, and consumables across over 100 countries.
Kornit Digital reported third-quarter 2022 revenues of $66.8 million, down from $86.7 million in 2021, with a non-cash warrant impact of $5.6 million. The company faced a GAAP operating loss of $21.4 million and a non-GAAP operating loss of $13.0 million. Despite a rise in Consumables and Services revenue due to strong demand, macro-related pressures affected purchasing decisions. Guidance for Q4 2022 projects revenue between $66 million and $70 million and non-GAAP operating margins ranging from -6% to -10% of revenue.
Kornit Digital (NASDAQ: KRNT) showcased its innovative digital production technologies at the PRINTING United Expo on October 19, 2022. Highlighting the shift towards sustainable, on-demand fashion production, the company emphasized solutions that reduce overproduction and inventory waste. The launch of new products like Kornit Atlas MAX and Kornit Apollo aims to enhance supply chain efficiency and creativity. Kornit also released its 2021 Impact Report, reinforcing its commitment to sustainability in the textile industry, and will host a press conference during the expo.
Kornit Digital Ltd. (NASDAQ: KRNT) has released its 2021 Impact Report, showcasing significant progress in sustainability and ESG initiatives. Key achievements include a 16% reduction in GHG emissions intensity and a remarkable 57% decrease in non-hazardous waste intensity. The report emphasizes Kornit's commitment to transforming the fashion industry through its dual role as an accountable participant and a leader. Notable advancements in Diversity, Equity, and Inclusion (DEI) were also reported, with an increase in women in management from 30% to 35%.
Kornit Digital Ltd. (NASDAQ: KRNT) will announce its third-quarter financial results for the period ending September 30, 2022, on November 9, 2022, before the market opens. An earnings conference call is scheduled on the same day at 8:30 am ET, accessible via Kornit’s website. The company specializes in sustainable on-demand digital fashion and textile production technologies, providing end-to-end solutions globally. The call will also be available for replay starting five hours post-call until November 23, 2022.
Kornit Digital Ltd. (Nasdaq: KRNT), a leader in sustainable digital fashion and textile production, announced its participation in two upcoming investor conferences. Firstly, the Citi's 2022 Global Technology Conference on September 8, 2022, featuring a fireside chat at 1:45 pm ET, accessible via a live audio webcast. Secondly, Kornit will host 1:1 meetings with investors at the Goldman Sachs Communacopia + Technology Conference on September 13, 2022. Kornit Digital, headquartered in Israel, provides end-to-end solutions for the fashion industry.
Kornit Digital Ltd. (Nasdaq: KRNT) reported second quarter 2022 revenues of $58.1 million, reflecting a significant decrease from $81.7 million year-over-year, primarily affected by a $4.5 million non-cash warrants impact. The GAAP operating loss was $24.9 million, leading to a net loss of $19.5 million. In response, Kornit announced a $75 million share repurchase program and CFO transition to Lauri Hanover. Future guidance for Q3 2022 projects revenues between $66 million and $70 million, with expected non-GAAP operating margins of -15% to -11%.
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