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 (Nasdaq: KRNT) has announced a partnership with Canva, enhancing global fulfillment of print orders from Canva’s design platform. Kornit X, Kornit’s operating system, will enable Print Service Providers to integrate Canva’s tools for quick personalized product creation. This collaboration aims to meet the growing demand for customized textile designs, leveraging Kornit’s fulfillment network. Currently, Canva serves over 55 million users worldwide, showcasing a significant market opportunity for both companies.
Kornit Digital (Nasdaq: KRNT) will release its financial results for the second quarter on August 10, 2021, before the market opens. The company will host a conference call and webcast at 8:30 am ET to discuss these results and its operations. The live call can be accessed toll-free at 1-877-407-0792 in the US and 1-201-689-8263 internationally. A replay will be available post-call. Kornit Digital specializes in industrial digital printing technologies for textiles, aiming to meet modern textile printing needs with its eco-friendly solutions.
Kornit Digital (KRNT), a leader in digital textile printing, has appointed Andrew G. Backman as the Global Head of Investor Relations, effective June 30, 2021. Backman brings over 20 years of experience in investor relations from high-growth technology firms. His role will focus on enhancing the company’s investor relations across various global regions. CEO Ronen Samuel emphasized Backman's extensive background as pivotal for advancing Kornit's long-term growth initiatives in the digital transformation of the textile industry.
Kornit Digital (Nasdaq: KRNT) will participate in a virtual fireside chat at the CJS Annual New Ideas Conference on July 13, 2021, at 10:15 am ET. This event will be accessible via live audio webcast and archived replay on Kornit's investor relations website.
Kornit Digital specializes in industrial digital printing technologies for the garment and textile industries, offering a comprehensive solution that includes printing systems, inks, and software. The company is known for its eco-friendly NeoPigment printing process, addressing the evolving needs of the textile printing value chain.
Kornit Digital (Nasdaq: KRNT) will host a virtual fireside chat on June 10, 2021, at 11:00 am ET as part of the Citi Silicon Valley Virtual Tech Bus Tour. Investors can access the chat via live audio webcast and archived replay on Kornit’s investor relations website. Kornit Digital specializes in industrial digital printing technologies for the textile industry, offering a complete range of solutions including digital printing systems and eco-friendly inks. Founded in 2002, the company serves a global clientele across over 100 countries.
Kornit Digital (NASDAQ: KRNT) will present at two upcoming conferences. The William Blair 41st Annual Growth Stock Conference is scheduled for June 1, 2021, with a virtual fireside chat at 12:20 pm ET. The Stifel 2021 Cross Sector Insight Conference will follow on June 10, 2021, starting at 8:00 am ET. Both events will be accessible via live audio webcast and can be rewatched on Kornit’s investor relations website. Kornit Digital specializes in industrial digital printing technologies for the garment industry, providing eco-friendly solutions and innovative business models.
Kornit Digital (NASDAQ: KRNT) will host a fireside chat and one-on-one meetings at the Barclays Americas Select Franchise Conference on May 19, 2021, starting at 7:00 am ET. The event will be accessible via a live audio webcast and archived on Kornit’s investor relations website. Founded in 2002, Kornit Digital specializes in industrial digital printing technologies for the garment and textile sectors, offering solutions that include eco-friendly printing processes for on-demand and mass customization.
Kornit Digital (Nasdaq: KRNT) will host a Virtual Investor Event on May 18, 2021, from 10:00 a.m. to 12:00 p.m. ET. The event will cover the company’s business strategy, growth plans, and new software workflow goals.
The agenda includes presentations by CEO Ronen Samuel and CFO Alon Rozner, along with a Q&A session. The presentation will be accessible live and as an archived replay on the company’s investor relations website.
Kornit Digital Ltd. (NASDAQ: KRNT) reported a 152% increase in revenue for Q1 2021, reaching $66.1 million. This growth significantly outpaced expectations, with a GAAP operating profit of $3.1 million. The company launched the ATLAS MAX, setting a new standard in sustainable textile production, and is focused on major global expansion projects. Kornit aims for a $500 million revenue run rate, showcasing strong market and innovation potential.
Kornit Digital (Nasdaq: KRNT) has partnered with ASOS and Fashion-Enter Ltd. to implement Kornit Presto, an advanced digital textile printing solution aimed at enhancing on-demand manufacturing.
This technology supports a zero-water waste production process and accelerates production speeds, allowing ASOS to swiftly respond to market demands. The collaboration focuses on reducing environmental impact while improving garment quality and supply chain efficiency, aligning with ASOS's sustainability goals.
FAQ
What is the current stock price of Kornit Digital Ltd. (KRNT)?
What is the market cap of Kornit Digital Ltd. (KRNT)?
What does Kornit Digital Ltd. do?
When was Kornit Digital Ltd. founded?
What industries does Kornit Digital serve?
Where is Kornit Digital Ltd. headquartered?
What are NeoPigment™ inks?
How does Kornit Digital support sustainability?
What are the main revenue sources for Kornit Digital?
Which geographical markets does Kornit Digital operate in?
How can I stay updated with Kornit Digital's news?
What recent achievements has Kornit Digital made?
