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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 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%.
Kornit Digital (NASDAQ: KRNT) will announce its Q2 financial results on August 10, 2022, prior to market open. An earnings call will take place at 8:30 am ET on the same day, accessible via Kornit’s website. The call will include a discussion of the company’s operations and overall performance. The dial-in number for the live call includes 1-877-300-8521 for US/Canada and 1-412-317-6026 for international participants. A replay will be available post-call until August 24, 2022.
Kornit Digital Ltd. (Nasdaq: KRNT) announced preliminary results for Q2 2022, expecting revenues between $56.4 million and $59.4 million, adjusted for a non-cash warrant impact of approximately $4.6 million. CEO Ronen Samuel noted a slower pace of direct-to-garment (DTG) system orders due to macroeconomic challenges and excess customer production capacity. Despite these headwinds, Kornit anticipates Q3 revenues to meet or exceed Q2 figures. Full results will be available on August 10, 2022.
Kornit Digital Ltd. (NASDAQ: KRNT) has announced participation in the William Blair 42nd Annual Growth Stock Conference on June 7, 2022, with a fireside chat at 12:20 PM ET and the Stifel 2022 Cross Sector Insight Conference on June 8, 2022, at 10:55 AM ET. Both discussions will be available via live audio webcast, with archives on Kornit's investor relations website. Kornit Digital leads in sustainable, on-demand digital fashion and textile production technologies, operating globally with end-to-end solutions.
Kornit Digital (NASDAQ: KRNT) showcased its innovative digital textile production solutions at FESPA Global Print Expo 2022, demonstrating high-quality, sustainable on-demand production capabilities. The event, held from May 31 to June 3 in Berlin, featured Kornit's cutting-edge MAX technology and a full ecosystem of integrated production systems designed for various textile markets. Key highlights included the Kornit Atlas MAX and Presto MAX systems, promising lower costs and higher output. Kornit aims to redefine industry standards while promoting sustainability and creative possibilities in textile production.
Kornit Digital (NASDAQ: KRNT) is transforming the fashion industry by highlighting sustainable and on-demand production during Kornit Fashion Week London, held from May 15-17, 2022. Featuring a virtual reality showcase by designer Manish Arora, the event emphasizes the transition from traditional methods to digital solutions, addressing waste and overproduction. Keynote speakers, including industry leaders from ASOS and PVH, tackle challenges in supply chain management and sustainability. Kornit's innovative technology allows rapid design creation and promotes nearshoring to enhance production efficiency.
Kornit Digital Ltd. (NASDAQ: KRNT) reported first-quarter 2022 revenues of $83.3 million, a 26% year-over-year increase, despite a GAAP operating loss of $6.9 million. The quarter reflected significant progress with major global brands and exceptional sales in the Asia Pacific region. Kornit introduced innovative products during Kornit Fashion Week, namely Atlas MAX Poly and Kornit Apollo. For Q2 2022, the company expects revenues between $85 million to $95 million and anticipates stronger performance in the latter half of the year.
Kornit Digital Ltd. (Nasdaq: KRNT) will announce its Q1 financial results for the period ending March 31, 2022, on May 11, 2022, before market opening. An earnings conference call and webcast will be held at 8:30 am ET on the same day to discuss the results and operations. Interested parties can access the call through Kornit's website. Replay options will also be available after the call until May 25, 2022. Kornit Digital is a leader in sustainable digital fashion and textile production technologies, serving clients in over 100 countries worldwide.
Kornit Digital (NASDAQ: KRNT) is set to showcase new technologies at Kornit Fashion Week Tel Aviv 2022, running from April 3rd to 6th. The event will unveil the Kornit Apollo direct-to-garment platform, aimed at revolutionizing mass production in the fashion industry. This platform addresses the shift towards near-shore production, enhancing flexibility and reducing inventory risk. Kornit will also introduce the Kornit Atlas MAX Poly system, targeting the sports apparel market, and the ActiveLoad automation solution, which increases production efficiency. These advancements position Kornit favorably in the multi-billion-dollar apparel market.
Kornit Digital (NASDAQ: KRNT) has unveiled its Kornit Atlas MAX Poly, an innovative direct-to-garment solution tailored for vibrant design on polyester fabrics. This launch is timed with the increasing demand for customizable sportswear in the post-pandemic market. The Atlas MAX Poly offers superior decoration quality and integrates advanced technology for enhanced productivity and profitability. It features automated systems for garment loading and seamless processes, aiming to revolutionize polyester decor production.
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