Kornit Digital Overview
Kornit Digital develops, manufactures, and markets industrial and commercial printing solutions for the apparel and textile industries. It offers a complete line of direct-to-garment printing solutions that range from the commercial to the mass-production level, as well as a roll-to-roll direct-to-fabric (DTF) solution suitable for the fashion and home textile industry. Kornit's DTF solution enables printing with superior graphic detail and color matching on multiple fabrics, and the company's NeoPigment ink and waterless process eliminate the need for pretreatment. The company seeks to provide its customers with a complete digital printing solution from start to finish, including software, support, and high-end technology. Kornit's XDi technology consolidates screen, vinyl heat transfer, 3D, and dye sublimation effects into one single-step system.
Cumulative Funding Raised Over Time ($)
—Dec 2020
Latest News
growth-positive
Kornit Digital to Unveil Breakthrough Footwear Solution, All-Inclusive Click Business Model, Screen-Replacement Innovations for Bulk Apparel and Mass Fashion Production
Kornit Digital Ltd is showcasing its transformative digital technologies at ITMA Asia + CITME Singapore 2025. The company is introducing three major innovations: a new digital footwear solution, the All-Inclusive Click (AIC) business model, and its MAX and Apollo technologies for apparel production. These innovations highlight Kornits leadership in sustainable, on-demand digital fashion and textile production. The new footwear solution, developed over two years, is already being used to produce millions of athletic shoes, demonstrating its commercial viability. The AIC model offers customers a managed service to simplify operations and scale growth. Kornits technologies are setting new standards in mass-production apparel, emphasizing speed, quality, and sustainability.
Product StageCustomersPartners
growth-positive
Kornit Digital Launches Breakthrough Footwear Solution at ITMA Asia + CITME Singapore 2025, Bringing Scalable Digital Production to Sports and Athleisure
Kornit Digital Ltd has announced the commercial launch of its digital footwear solution at ITMA Asia + CITME Singapore 2025. This marks a significant milestone for the company, as it transitions from concept to a fully scaled commercial reality in the sports and athleisure markets. Kornits technology enables high-quality, durable prints on technical fabrics used in footwear, addressing key market challenges such as design limitations and overproduction. The company has successfully deployed its solution with leading manufacturers in China and is expanding to Vietnam and Germany. This development is expected to redefine footwear production, emphasizing agility, creativity, and sustainability.
Product StageCustomersPartners
growth-positive
Kornit Digital Sets Third Quarter 2025 Earnings Release Date and Webcast
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, announced it will release its financial results for the third quarter of 2025 on November 5th. The company will host an earnings conference call and webcast to discuss these results and its operations. Kornit Digital, headquartered in Israel, operates globally with a presence in over 100 countries, offering end-to-end solutions in digital printing systems and related services. The announcement is expected to have a growth-positive impact on the company as it continues to expand its influence in the digital fashion industry.
growth-positive
Leading UK-Based Digital Textile Print Provider Expands On-Demand Textile Production with Additional Kornit MAX PLUS Systems
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, has announced that UK-based Snuggle has expanded its investment in Kornits Atlas MAX PLUS direct-to-garment platform. This expansion allows Snuggle to produce over 24,000 pieces daily, quadrupling its production capacity since 2017. The partnership between Kornit and Snuggle is strategic, enabling Snuggle to meet increasing customer demand while maintaining high-quality apparel. The collaboration highlights the transformative impact of digital textile production, with Snuggle serving a broad range of online retailers and decorators. Kornits technology has been pivotal in Snuggles growth, and the partnership is expected to continue driving success.
CustomersPartners
growth-positive
Custom Apparel Pioneer Accelerates Growth with Kornit Atlas MAX POLY to Replace Screen Printing in Sportswear
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, announced that Printeez, Inc. has transitioned its production from screen printing to Kornits high-quality, on-demand digital production systems. Printeez, a custom apparel company based in Quebec, has expanded its use of Kornit Atlas MAX POLY systems to enhance its production capabilities, reduce labor costs, and improve turnaround times. This partnership allows Printeez to offer vibrant, retail-grade apparel without minimum order constraints, catering to brands, creators, franchises, and sports teams across North America. Kornits technology supports Printeezs mission to disrupt the apparel industry by providing a scalable, print-on-demand solution. The collaboration highlights the growing demand for rapid, customized, and high-quality production in the sportswear segment.
CustomersPartners
| Sector | Industrial Technologies |
Funding
| Total funding | $646M |
| Last funding | $400M |
| Stage | Public |
| Rounds | 4 |
| Investors | 1 |
Team Members
8
Employees: 500+
Web & Social Links
| Website | www.kornit.com/ |
| Careers | Careers page |
Locations
Amal Street 12, Rosh HaAyin, Israel
480 South Dean Street, Englewood, NJ, USA
40472 Düsseldorf, Germany
601, Westley Square, 48 Hoi Yuen Rd, Kwun Tong, Hong Kong
Pinewood Court, Tytherington Business Park, Springwood Way, Tytherington, Macclesfield SK10 2XA, UK
728 Xi Zang Zhong Lu, Huang Pu Qu, Shang Hai Shi, China, 200001
Photos & Videos
4 item(s)
Kornit Digital Business
Business models
B2B
Product stage
Released
Employees
500+
Sector
Climate TechClean Industry Tech Eco-Efficient ManufacturingIndustrial TechnologiesManufacturing Processes & SystemsTarget Customer
Industrial ManufacturingDiscrete IndustriesPrintingMedia & EntertainmentFashionCommerce & RetailConsumer GoodsArtApparelCore Technology
Machinery & Robotics3D Printing & Additive ManufacturingTags (6)
printingfabricstextileclimate-techmanufacturingfashionGeographic Markets
PhilippinesVietnamSouth AmericaUnited Arab EmiratesTaiwanThailandJapanCosta RicaPeruColombiaBrazilIndonesiaGermanyNorth AmericaMexicoIndiaHong KongAsiaEl SalvadorAustraliaUnited StatesUnited KingdomOceaniaChinaEuropeSouth KoreaKornit Digital Financials
$646M
Total funding
Undisclosed
Capital raised
$400M
Last funding
Public
Funding stage
4
Total rounds
1
Investors
Cumulative Funding Raised Over Time ($)
—Dec 2020
Private Equity Funding
PIPE
Dec 2020
Undisclosed
Kevingston
Public Offering / Exit
POEvent
Nov 2021
Undisclosed
POEvent
Jun 2019
Undisclosed
POEvent
May 2015
Undisclosed
Mergers & Acquisitions
MNAEvent
Apr 2022
$15M
MNAEvent
Aug 2021
$15M
MNAEvent
Aug 2020
$17M
Kornit Digital Lifecycle
Cumulative Funding Raised Over Time
—Dec 2020
All Events
PIPE
Dec 2020
Undisclosed
Kevingston
POEvent
Nov 2021
Undisclosed
POEvent
Jun 2019
Undisclosed
POEvent
May 2015
Undisclosed
MNAEvent
Apr 2022
$15M
MNAEvent
Aug 2021
$15M
MNAEvent
Aug 2020
$17M
Kornit Digital News
166 articles
growth-positive
Kornit Digital to Unveil Breakthrough Footwear Solution, All-Inclusive Click Business Model, Screen-Replacement Innovations for Bulk Apparel and Mass Fashion Production
Kornit Digital Ltd is showcasing its transformative digital technologies at ITMA Asia + CITME Singapore 2025. The company is introducing three major innovations: a new digital footwear solution, the All-Inclusive Click (AIC) business model, and its MAX and Apollo technologies for apparel production. These innovations highlight Kornits leadership in sustainable, on-demand digital fashion and textile production. The new footwear solution, developed over two years, is already being used to produce millions of athletic shoes, demonstrating its commercial viability. The AIC model offers customers a managed service to simplify operations and scale growth. Kornits technologies are setting new standards in mass-production apparel, emphasizing speed, quality, and sustainability.
Product StageCustomersPartners
growth-positive
Kornit Digital Launches Breakthrough Footwear Solution at ITMA Asia + CITME Singapore 2025, Bringing Scalable Digital Production to Sports and Athleisure
Kornit Digital Ltd has announced the commercial launch of its digital footwear solution at ITMA Asia + CITME Singapore 2025. This marks a significant milestone for the company, as it transitions from concept to a fully scaled commercial reality in the sports and athleisure markets. Kornits technology enables high-quality, durable prints on technical fabrics used in footwear, addressing key market challenges such as design limitations and overproduction. The company has successfully deployed its solution with leading manufacturers in China and is expanding to Vietnam and Germany. This development is expected to redefine footwear production, emphasizing agility, creativity, and sustainability.
Product StageCustomersPartners
growth-positive
Kornit Digital Sets Third Quarter 2025 Earnings Release Date and Webcast
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, announced it will release its financial results for the third quarter of 2025 on November 5th. The company will host an earnings conference call and webcast to discuss these results and its operations. Kornit Digital, headquartered in Israel, operates globally with a presence in over 100 countries, offering end-to-end solutions in digital printing systems and related services. The announcement is expected to have a growth-positive impact on the company as it continues to expand its influence in the digital fashion industry.
growth-positive
Leading UK-Based Digital Textile Print Provider Expands On-Demand Textile Production with Additional Kornit MAX PLUS Systems
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, has announced that UK-based Snuggle has expanded its investment in Kornits Atlas MAX PLUS direct-to-garment platform. This expansion allows Snuggle to produce over 24,000 pieces daily, quadrupling its production capacity since 2017. The partnership between Kornit and Snuggle is strategic, enabling Snuggle to meet increasing customer demand while maintaining high-quality apparel. The collaboration highlights the transformative impact of digital textile production, with Snuggle serving a broad range of online retailers and decorators. Kornits technology has been pivotal in Snuggles growth, and the partnership is expected to continue driving success.
CustomersPartners
growth-positive
Custom Apparel Pioneer Accelerates Growth with Kornit Atlas MAX POLY to Replace Screen Printing in Sportswear
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, announced that Printeez, Inc. has transitioned its production from screen printing to Kornits high-quality, on-demand digital production systems. Printeez, a custom apparel company based in Quebec, has expanded its use of Kornit Atlas MAX POLY systems to enhance its production capabilities, reduce labor costs, and improve turnaround times. This partnership allows Printeez to offer vibrant, retail-grade apparel without minimum order constraints, catering to brands, creators, franchises, and sports teams across North America. Kornits technology supports Printeezs mission to disrupt the apparel industry by providing a scalable, print-on-demand solution. The collaboration highlights the growing demand for rapid, customized, and high-quality production in the sportswear segment.
CustomersPartners
growth-positive
Sunbit Appoints Shai Terem as Chief Financial Officer to Support Next Stage of Growth
Sunbit, a financial technology company, has appointed Shai Terem as its new Chief Financial Officer. Terem, who previously served as CEO of Markforged, brings extensive experience in capital markets and strategic growth. His appointment is expected to support Sunbits expansion and scaling efforts. The company has shown significant growth, with a 35% year-over-year revenue increase and a 100% quarter-over-quarter gross merchandise volume rise through its partnership with Stripe. Sunbit has also completed its first asset-backed securitization, increasing its funding capacity to over $1.5 billion. The company continues to gain industry recognition and is poised for further growth.
Management ChangesPartners
growth-positive
Major Screen Printing Decorator Adopts Digital Production Solutions from Kornit Digital to Meet Changing Market Needs
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, has partnered with Promos Ink, a prominent screen and embroidery decorator. Promos Ink is transitioning from traditional screen printing to Kornits digital solutions, enhancing their production agility and meeting evolving customer demands for faster delivery and high-quality standards. This partnership enables Promos Ink to expand its on-demand offerings and accept jobs of any run-length. The addition of Kornits Apollo platform complements their existing Atlas MAX PLUS systems, allowing for efficient screen replacement and scaling customer transitions. This collaboration highlights Kornits role in transforming textile production and supporting partners in adapting to market changes.
Partners
growth-negative
Are Options Traders Betting on a Big Move in Kornit Digital Stock?
The article discusses the recent high implied volatility in the options market for Kornit Digital Ltd. (KRNT), indicating that investors expect significant stock movement. Despite being ranked in the top 12% of the Zacks Industry Rank, analysts have revised their estimates for the current quarter downward, reducing the Zacks Consensus Estimate from nine cents per share to four cents. This suggests a potentially negative outlook for the company. Options traders may be looking to sell premium on these high-volatility options, hoping the stock does not move as much as expected. The article also highlights a trading strategy by Zacks Executive VP Kevin Matras that aims to capture decay and reduce risk.
growth-positive
Printdash Takes the Worry Out of Online Order Commitments with Apollo Mass Digital Production from Kornit Digital
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production solutions, has formed a partnership with Printdash, a Texas-based custom garment producer. Printdash has chosen Kornits Apollo and Atlas MAX PLUS systems to enhance its direct-to-garment production capabilities, ensuring fast and high-quality delivery of custom apparel. This partnership aims to leverage Kornits technology to meet the growing demand for speed and quality in the online apparel market. Printdash integrates with major online platforms like Amazon, Shopify, TikTok Shop, and Walmart, aiming to deliver most orders within seven days.
Partners
growth-negative
Kornit Digital Second Quarter 2025 Earnings: Misses Expectations
Kornit Digital reported a revenue of $49.8 million for the latest quarter, marking a 2.3% increase from the previous quarter. However, the company also reported a net loss of $7.52 million, which widened by 53% compared to the previous quarter. The earnings per share (EPS) missed analyst estimates by 55%, and revenue missed estimates by 4.4%. Despite these setbacks, revenue is forecasted to grow at an average of 7.8% annually over the next three years, outpacing the US Machinery industrys forecasted growth of 4.8%. The companys shares have fallen by 26% over the past week.
growth-negative
Kornit Digital's Q2 Results 'Weaken' Overweight Thesis, Morgan Stanley Says
Kornit Digitals Q2 results have negatively impacted the companys financial outlook, weakening the overweight thesis. The unexpected elongation in certain aspects of the business has contributed to this outcome. The article suggests that access to more detailed information requires a subscription to MT Newswires. No specific details about partnerships, customers, or investments are provided in the article.
growth-positive
Kornit Digital Reports Second Quarter 2025 Results
Kornit Digital Ltd reported its second quarter 2025 financial results, showing revenues of $49.8 million, aligning with their guidance. Despite a GAAP net loss of $7.5 million, the company achieved a non-GAAP net income of $1.2 million. Kornit continues to generate cash from operations and reported an annual recurring revenue of $18.9 million from AIC contracts, indicating a growing adoption of their new model, especially among screen-printing customers. The company is focusing on scaling the adoption of its Apollo and AIC products, expanding its customer base, and maintaining profitability. Despite a challenging market environment, Kornit remains committed to its strategy for long-term growth and resilience.
Customers
growth-negative
Kornit Digital: Q2 Earnings Snapshot
Kornit Digital Ltd., based in Rosh-Haayin, Israel, reported a loss of $7.5 million for its second quarter. The loss translates to 17 cents per share, although adjusted earnings were 3 cents per share. The companys revenue for the period was $49.8 million. Looking ahead, Kornit Digital expects its revenue for the current quarter ending in September to be between $49 million and $55 million. The article was generated by Automated Insights using data from Zacks Investment Research.
growth-negative
Kornit Digital (KRNT) Q2 Earnings Top Estimates
Kornit Digital reported quarterly earnings of $0.03 per share, surpassing the Zacks Consensus Estimate of $0.02 per share, marking a 50% earnings surprise. However, the company missed revenue expectations, posting $49.75 million against the expected $52.02 million. Despite beating earnings estimates, Kornit Digitals stock has declined by about 38% since the start of the year, underperforming the S&P 500s 7.1% gain. The companys future stock performance will largely depend on managements commentary and earnings outlook. Currently, Kornit Digital holds a Zacks Rank #3 (Hold), indicating expected market performance in the near term.
growth-positive
Kornit Digital Sets Second Quarter 2025 Earnings Release Date and Webcast
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, announced it will release its financial results for the second quarter of 2025 on August 6. The company will host a conference call and webcast to discuss these results and its operations. Kornit Digital, headquartered in Israel, provides end-to-end solutions including digital printing systems and serves customers in over 100 countries. The announcement of the upcoming financial results release is a positive indicator of the companys ongoing transparency and engagement with investors.
growth-negative
Further weakness as Kornit Digital (NASDAQ:KRNT) drops 15% this week, taking five-year losses to 62%
Kornit Digital Ltd. (NASDAQ:KRNT) has experienced a significant decline in its share price, dropping 62% over the last five years and 15% in the past month. The company has faced challenges with revenue, which has shrunk by 0.3% per year over the last five years. Despite a recent 33% total shareholder return in the last twelve months, the long-term performance remains negative with a 10% annualized loss. The company is currently unprofitable, and investors are likely focused on revenue growth. The CEOs pay is below the median for similar-sized companies, and there is a warning sign for potential investors to consider.
growth-positive
Kornit Digital to Participate in the William Blair 45th Annual Growth Stock Conference
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, announced that its CEO, Ronen Samuel, and Global Head of Investor Relations, Jared Maymon, will participate in a webcasted presentation at the William Blair 45th Annual Growth Stock Conference on June 3, 2025. The presentation will be available via live audio webcast and archived on Kornits investor relations website. Kornit Digital, headquartered in Israel, offers digital printing systems, inks, consumables, software, and fulfillment services, serving customers in over 100 countries.
growth-positive
Kornit, MAS’ ties to boost agility in fashion production
Kornit Digital has formed a strategic partnership with MAS Holdings, specifically through its subsidiary MAS ACME USA, to enhance the fashion industrys supply chain. This collaboration aims to address issues such as overproduction and inefficiencies by integrating Kornits on-demand digital manufacturing technology with MASs supply chain management and data analytics expertise. The partnership is designed to improve sustainability and profitability for MASs clients, which include major brands like Victorias Secret and Nike. By enabling agile, local production, the collaboration seeks to reduce waste, optimize inventory, and increase full-price sales, ultimately transforming the fashion supply chain into a more efficient and responsive system.
Partners
growth-positive
Kornit Digital and MAS ACME USA Sign Strategic Partnership That Unlocks the Agility Required to Win in Today’s Fashion and Apparel Production Landscape
Kornit Digital Ltd has entered into a strategic partnership with MAS Holdings subsidiary, MAS ACME USA, to enhance sustainable, on-demand fashion production. This collaboration aims to address inefficiencies in the fashion supply chain by combining Kornits digital production solutions with MASs supply chain expertise and data diagnostics. The partnership is expected to benefit brands and retailers by enabling agile, local production, maximizing working capital efficiency, and promoting sustainable growth. This agreement aligns with Kornits mission to transform the fashion industry by reducing overproduction and waste, while increasing profitability and responsiveness to market trends.
Partners
growth-negative
Kornit Digital Ltd (KRNT) Q1 2025 Earnings Call Highlights: Strong Revenue Performance Amid ...
Kornit Digital Ltd reported its Q1 2025 earnings, meeting revenue expectations with $46.5 million and an adjusted EBITDA margin of 8.4%. The company is benefiting from the apparel industrys shift towards on-demand, local production. However, macroeconomic conditions and evolving trade policies have delayed some planned system purchases, posing challenges for the company. The Apollo system has shown strong growth, but a major customer delayed their purchase, impacting the companys target of delivering 30 systems this year. Despite these challenges, Kornit remains optimistic about its future, with a strong pipeline of new and existing customers.
CustomersProduct Stage
growth-positive
Kornit Digital Reports First Quarter 2025 Results
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, reported its first-quarter 2025 financial results. The company achieved revenues of $46.5 million, aligning with previous guidance, and reported a GAAP net loss of $5.1 million. However, on a non-GAAP basis, Kornit achieved a net income of $0.6 million, indicating a positive shift from the previous years loss. The company also reported strong adoption of its new AIC business model, generating $14.5 million in annual recurring revenue. Despite operating in a challenging macro environment, Kornit demonstrated disciplined execution and continued cash generation from operations. The company is positioned to lead the transformation in the apparel industry, with significant growth opportunities ahead.
growth-negative
Kornit Digital: Q1 Earnings Snapshot
Kornit Digital Ltd., based in Rosh-Haayin, Israel, reported a loss of $5.1 million in its first quarter, translating to a loss of 11 cents per share. However, when adjusted for one-time gains and costs, earnings were 1 cent per share. The companys revenue for the period was $46.5 million. Looking ahead, Kornit Digital forecasts revenue between $49 million and $55 million for the current quarter ending in June. The article was generated by Automated Insights using data from Zacks Investment Research.
growth-negative
Kornit Digital (KRNT) Q1 Earnings and Revenues Top Estimates
Kornit Digital reported quarterly earnings of $0.01 per share, surpassing the Zacks Consensus Estimate of a loss of $0.04 per share, marking an earnings surprise of 125%. The company also posted revenues of $46.46 million, slightly above the consensus estimate. Despite these positive results, Kornit Digitals shares have declined by about 37.8% since the beginning of the year, underperforming the S&P 500. The companys earnings outlook remains unfavorable, with a Zacks Rank of #4 (Sell), indicating expected underperformance in the near future. Investors are advised to monitor earnings estimate revisions closely as they could impact stock performance.
growth-positive
Kornit Digital and Gooten Expand Access to Kornit’s Global Fulfillment Network for On-Demand Production
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, has announced a partnership with Gooten, a print-on-demand fulfillment and technology company. This collaboration integrates Gooten into Kornits Global Fulfillment Network, expanding brand access to Kornits production capabilities across over 250 locations worldwide. The partnership enables brands using Gootens platform to leverage Kornits network for high-quality, agile, and locally fulfilled textile products. This integration supports brands in scaling their operations globally while maintaining sustainability and reducing waste. The partnership is expected to unlock new revenue streams and market expansion opportunities for brands.
Partners
growth-positive
Gooten Partners with Kornit to Deliver Global Reach and Agile On-Demand Production for Businesses of All Sizes
Gooten, a leader in print-on-demand fulfillment, has announced a strategic partnership with Kornit Digital, a pioneer in sustainable, on-demand digital fashion and textile production technologies. This collaboration integrates Gootens platform with Kornits Global Fulfillment Network, offering brands access to over 250 production locations worldwide. The partnership enhances Gootens catalog and production reach, allowing brands to scale efficiently and innovate globally. Key benefits include expertise and quality at scale, global reach with local production, seamless connectivity, sustainable growth, and increased revenues. This initiative supports the digital transformation of fashion and lifestyle products, emphasizing sustainable production and minimizing inventory risks.
Partners
growth-positive
Kornit Digital Sets First Quarter 2025 Earnings Release Date and Webcast
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, announced that it will release its financial results for the first quarter of 2025 on May 14. The company will host an earnings conference call and webcast to discuss these results and its operations. Kornit Digital, headquartered in Israel, provides end-to-end solutions including digital printing systems, inks, consumables, software, and fulfillment services, serving customers in over 100 countries. The announcement is expected to have a growth-positive impact on the company as it highlights its global reach and commitment to sustainability.
growth-negative
Kornit Digital Full Year 2024 Earnings: EPS Misses Expectations
Kornit Digital reported a revenue of US$203.8 million, down 7.3% from the previous fiscal year, and a net loss of US$16.8 million, which is a significant improvement from the previous years loss. The companys earnings per share (EPS) missed analyst estimates by 23%. The U.S. segment was the primary revenue driver, contributing 56% of total revenue. Despite the revenue decline, the company forecasts an 11% annual growth over the next three years, outpacing the U.S. Machinery industrys forecasted growth. However, the companys shares have decreased by 11% over the past week, indicating a negative market reaction.
growth-positive
Kornit Digital Files Annual Report on Form 20-F for the Year Ended December 31, 2024
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2024, with the SEC. The report includes audited financial statements and is accessible on the SECs website and Kornits investor relations site. Kornit Digital, headquartered in Israel, provides digital printing systems and services globally, serving customers in over 100 countries. The company emphasizes sustainability in its operations and offers a comprehensive range of solutions, including digital printing systems, inks, consumables, software, and fulfillment services.
growth-positive
Top U.S. Patriotic Apparel Brand Deploys Kornit Digital’s Flagship Apollo System to Unlock the Agility of Digital Printing
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, has announced a significant partnership with Grunt Style, a prominent American patriotic apparel brand. Grunt Style is transitioning from analog screen printing to Kornits Apollo direct-to-garment digital print solution. This move aims to enhance production speed, eliminate stock shortages, and meet increasing customer demand efficiently. The Apollo platform offers unmatched speed and flexibility, producing up to 400 garments per hour with automated processes. This strategic shift is expected to provide Grunt Style with a competitive edge in the apparel market, aligning with their commitment to high-quality, American-made products.
Customers
growth-positive
American Classics Apparel, Inc. Leads the Digital Revolution in Licensed Music, Movie, and Gaming Apparel with On-Demand Technology from Kornit Digital
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, has announced that American Classics Apparel, Inc. is adopting its Kornit Apollo platform. This move marks a significant transition from traditional screen printing to high-speed digital production, enabling American Classics to meet the growing demands of e-commerce and retail markets. The adoption of Kornit Apollo, alongside existing Kornit systems, will enhance production efficiency and quality, addressing labor challenges and increasing speed to market. This partnership is expected to set new standards in licensed apparel production, offering faster turnaround times and superior quality.
Partners
growth-negative
Kornit Digital Ltd (KRNT) Q4 2024 Earnings Call Highlights: A Return to Profitability and ...
Kornit Digital Ltd reported a return to profitability in 2024, with positive EBITDA and significant operating cash flow. Despite this, the companys full-year revenue declined from $219.8 million in 2023 to $203.8 million in 2024, primarily due to decreased sales in systems and services. Kornit introduced new products and expanded into new markets, such as bulk apparel, footwear, and home decor, which were well-received. However, macroeconomic uncertainties, including potential tariffs and inflationary pressures, pose challenges. The company executed a significant portion of its share repurchase program, indicating a focus on shareholder value. Kornit anticipates a negative adjusted EBITDA margin for Q1 2025, highlighting potential short-term profitability challenges.
Product StageCustomersExpand
growth-positive
Kornit Digital Reports Fourth Quarter and Full Year 2024 Results
Kornit Digital Ltd reported strong financial results for the fourth quarter and full year of 2024, with revenues of $60.7 million and a GAAP net income of $2.2 million. The company achieved positive EBITDA and strong cash flow, driven by successful peak season performance and the Apollo platforms success. Kornit delivered 15 Apollo systems, which have been well-received by customers, reinforcing its role in mass-scale digital production. The company aims for scalable, profitable growth in 2025, leveraging its innovative solutions and business models. The results highlight Kornits strengthened market position and expansion into new strategic areas.
growth-negative
Kornit Digital (KRNT) Lags Q4 Earnings Estimates
Kornit Digital reported quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.21 per share, resulting in a negative earnings surprise of -14.29%. Despite this, the company posted revenues of $60.7 million, surpassing the consensus estimate by 0.54%. Over the last four quarters, Kornit Digital has exceeded consensus EPS estimates three times. The companys shares have declined by about 5.8% since the start of the year, underperforming the S&P 500s gain of 3.2%. The stocks future performance will largely depend on managements commentary and earnings outlook. Currently, the stock holds a Zacks Rank #3 (Hold), indicating it is expected to perform in line with the market.
growth-negative
Kornit Digital: Q4 Earnings Snapshot
Kornit Digital Ltd., based in Rosh-Haayin, Israel, reported a net income of $2.2 million for its fourth quarter, translating to 5 cents per share. Adjusted earnings were 18 cents per share. The digital textile printer generated $60.7 million in revenue during this period. However, for the entire year, the company faced a loss of $16.8 million, or 35 cents per share, with total revenue amounting to $203.8 million. Looking ahead, Kornit Digital forecasts its revenue for the current quarter ending in March to be between $45.5 million and $49.5 million. The article was generated by Automated Insights using data from Zacks Investment Research.
Neutral
Kornit Digital Sets Fourth Quarter and Full Year 2024 Earnings Release Date and Webcast
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, announced it will release its financial results for Q4 and the full year ending December 31, 2024, on February 12, 2025. The company will host an earnings conference call and webcast on the same day. Kornit Digital offers comprehensive solutions including digital printing systems, inks, consumables, software, and fulfillment services, serving customers in over 100 countries. The announcement is primarily informational, detailing the upcoming release of financial results and the logistics of the earnings call.
growth-negative
Kornit Digital Ltd.'s (NASDAQ:KRNT) Intrinsic Value Is Potentially 25% Below Its Share Price
The article discusses the valuation of Kornit Digital Ltd. using the Discounted Cash Flow (DCF) model. The analysis suggests that the companys current share price of $29.01 is overvalued by 34% compared to its estimated fair value of $21.73. Additionally, the analyst price target of $32.00 is 47% higher than the estimated fair value. The DCF model used in the analysis involves a two-stage growth model, projecting cash flows over the next ten years and a terminal value. The article emphasizes that while DCF is a useful tool, it may not be perfect for every situation. The analysis highlights the importance of considering future cash flows and growth rates when evaluating a companys stock price.
growth-positive
Here’s What Lifted Kornit Digital Ltd. (KRNT) in Q3
Wasatch Global Investors released its third-quarter 2024 investor letter, highlighting the performance of its Micro-Cap Growth-U.S. Strategy. The strategy outperformed the Russell Microcap® Growth Index, driven by optimism around decreasing interest rates and a smooth economic transition. Kornit Digital Ltd., a company specializing in digital printing solutions, was a significant contributor to this performance. Despite earlier challenges due to rising interest rates, Kornit has seen increased purchasing activity from clients, aided by a new pricing model that reduces upfront costs. This shift is expected to enhance Kornits profitability. Kornits stock has shown substantial growth over the past year, and its market capitalization stands at $1.462 billion. The company reported third-quarter revenues of $50.7 million and an adjusted EBITDA margin of 2.9%.
Customers
growth-positive
Is the Options Market Predicting a Spike in Kornit Digital (KRNT) Stock?
Kornit Digital Ltd. (KRNT) is experiencing significant attention in the options market due to high implied volatility in its January 2025 $12.50 Put options. This suggests that investors anticipate a substantial move in the stocks price, potentially due to an upcoming event. Currently, Kornit Digital holds a Zacks Rank #2 (Buy) in the Commercial Printing industry, with analysts raising earnings estimates for the current quarter from 17 cents to 21 cents per share. The high implied volatility presents a trading opportunity for options traders to sell premium, a strategy that benefits from stock price stability. Zacks Investment Research highlights the potential for profit and risk reduction through these trades.
growth-positive
500 LEVEL Poised for Breakthrough Growth in Professional Sports Apparel with Kornit Digital’s On-Demand Solutions
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, has announced a partnership with 500 LEVEL, a prominent sports apparel producer. This collaboration involves the adoption of Kornits Atlas MAX platform by 500 LEVEL, enabling them to produce and ship fan-designed licensed gear within 24 hours. This partnership aims to revolutionize the fan gear experience by meeting the fast-paced demands of the e-commerce sports apparel industry with high-quality and rapid order fulfillment. The partnership is expected to set a new standard in the online sportswear industry, enhancing the fan experience by allowing them to express their love for sports with premium gear delivered at the peak of the action.
Partners
growth-positive
Has Gates Industrial (GTES) Outpaced Other Industrial Products Stocks This Year?
Gates Industrial, a member of the Industrial Products sector, has shown impressive stock performance this year, outperforming its peers with a 63% gain year-to-date. The company holds a Zacks Rank of #2 (Buy), indicating positive analyst sentiment and an improved earnings outlook. The Zacks Consensus Estimate for Gates Industrials full-year earnings has increased by 1.6% in the past quarter. In comparison, the Industrial Products group has gained about 14.8% on average. Another company in the sector, Kornit Digital, has also performed well, with a 71.8% year-to-date return and a 20% increase in its consensus EPS estimate. Investors interested in Industrial Products stocks should keep an eye on both Gates Industrial and Kornit Digital for continued strong performance.
growth-positive
Are Industrial Products Stocks Lagging Graham (GHM) This Year?
The article discusses the performance of Graham (GHM), a company in the Industrial Products sector, highlighting its impressive stock performance. Graham has achieved a 131% gain year-to-date, significantly outperforming the sectors average return of 23%. The company holds a Zacks Rank of #1 (Strong Buy), indicating a positive earnings outlook. The Zacks Consensus Estimate for Grahams full-year earnings has increased by 8.4% over the past three months, reflecting improved analyst sentiment. The article also mentions Kornit Digital (KRNT), another strong performer in the sector, with a 63.7% year-to-date increase. Both companies are recommended for investors interested in Industrial Products stocks.
growth-positive
Here’s Why Meridian Contrarian Fund Increased its Position in Kornit Digital Ltd. (KRNT)
Meridian Funds, managed by ArrowMark Partners, highlighted Kornit Digital Ltd. in its Q3 2024 investor letter. Kornit Digital, a leader in digital textile printing, saw its stock rise significantly over the past year. Despite past challenges due to macroeconomic factors and high interest rates, the company has shown resilience with a 32.71% one-month return and a 69.06% increase over the last 52 weeks. The companys market capitalization stands at $1.491 billion. Meridian Funds invested in Kornit earlier in 2024, recognizing its potential despite past earnings declines. The funds letter suggests a cautious optimism about Kornits future, while also expressing a stronger conviction in AI stocks for higher returns.
Investment
growth-positive
Kornit Digital (KRNT) is a Great Momentum Stock: Should You Buy?
The article discusses Kornit Digital (KRNT) and its strong performance as a momentum stock. Kornit Digital has achieved a Momentum Style Score of B and a Zacks Rank of #2 (Buy), indicating its potential for continued growth. The companys stock has shown significant price increases, with a 32.31% rise over the past week and a 27.39% increase over the past month, outperforming the Zacks Commercial Printing industry. Over the past quarter, Kornit Digitals shares have risen by 60%, and over the past year, they have gained 73.89%, compared to the S&P 500s 9.45% and 33.9% increases, respectively. This performance suggests that Kornit Digital is a promising choice for momentum investors.
growth-positive
Is Graham (GHM) Stock Outpacing Its Industrial Products Peers This Year?
The article discusses the performance of Graham (GHM) within the Industrial Products sector, highlighting its strong year-to-date performance. Graham has outperformed its peers with a 114.7% return, compared to the sectors average gain of 19.5%. The company holds a Zacks Rank of #1 (Strong Buy), indicating a positive earnings outlook. The Zacks Consensus Estimate for Grahams full-year earnings has increased by 8.4% over the past three months. Another company mentioned is Kornit Digital (KRNT), which has also shown significant growth with a 67.2% increase year-to-date and a Zacks Rank of #2 (Buy). The article suggests that investors should monitor both companies for continued strong performance.
growth-positive
Kornit Digital Ltd. (KRNT) Soars to 52-Week High, Time to Cash Out?
Kornit Digital has experienced a significant rise in its stock price, increasing by 30.6% over the past month and reaching a new 52-week high. The company has consistently surpassed earnings expectations, reporting an EPS of $0.11 against a consensus estimate of $0.08 in its latest earnings report. Despite a projected decrease in revenue for the current fiscal year, Kornit Digital is expected to see a substantial increase in EPS. The companys stock is currently trading at a high valuation compared to its peers, but it maintains a favorable Zacks Rank of #2 (Buy) due to positive earnings estimate revisions. The article discusses the companys growth and momentum scores, indicating strong performance in these areas.
growth-positive
At US$30.42, Is It Time To Put Kornit Digital Ltd. (NASDAQ:KRNT) On Your Watch List?
Kornit Digital Ltd. has recently experienced a significant increase in its share price, leading it to trade near its 52-week high. Despite this surge, the company is considered overvalued by 40% based on a discounted cash flow valuation, with a current market price of $30.42 compared to an intrinsic value of $21.80. This suggests that the opportunity to purchase the stock at a favorable price has passed. However, the companys earnings are expected to grow by 81% in the coming year, indicating a positive future outlook. Investors are advised to monitor the stock for potential price declines, while current shareholders might consider selling if they believe the stock is overvalued.
growth-positive
Kornit Digital Ltd (KRNT) Q3 2024 Earnings Call Highlights: Strong Gross Margin Growth Amid ...
Kornit Digital Ltd reported a revenue of $50.7 million for Q3 2024, with an adjusted EBITDA margin of 2.9%. The company saw a significant improvement in its gross margin, reaching 50.3%, up from 37.4% the previous year. Despite challenges in maintaining growth across all segments, Kornit is optimistic about its revamped go-to-market strategy and the All-Inclusive Click (AIC) model, which are expected to drive growth by lowering barriers for high-volume manufacturers transitioning to digital production. The company is on track to deliver 30 Apollo systems in 2025, with confirmed orders for more than half. However, the market remains volatile, and Kornit is cautious about short-term performance due to ongoing geopolitical risks in Israel.
growth-positive
Kornit Digital (KRNT) Q3 Earnings and Revenues Beat Estimates
Kornit Digital reported quarterly earnings of $0.11 per share, surpassing the Zacks Consensus Estimate of $0.08 per share, marking a 37.50% earnings surprise. This is a significant improvement compared to the $0.07 loss per share a year ago. The company also reported revenues of $50.73 million, exceeding the consensus estimate by 3.12%, although this is a decrease from the previous years $59.22 million. Kornit Digitals shares have risen by 26.5% since the start of the year, outperforming the S&P 500s 21.2% gain. The companys earnings outlook remains favorable, with a Zacks Rank #2 (Buy), suggesting that the stock is expected to outperform the market in the near future.
growth-positive
Kornit Digital Reports Third Quarter 2024 Results
Kornit Digital Ltd., a leader in sustainable, on-demand digital fashion and textile production technologies, reported its third-quarter 2024 financial results. The company achieved a total revenue of $50.7 million, with a GAAP net loss of $0.9 million but a non-GAAP net income of $5.5 million. Kornit saw significant improvements in its gross profit margins and returned to adjusted EBITDA profitability. The companys industry-leading platforms, Apollo and Atlas MAX, are gaining traction among screen-replacement customers, with new customers like Print Palace and Custom Ink adopting Kornits digital-direct-to-garment solutions. Existing customers such as Monster Digital, Mad Engine Global, and DO Apparel are expanding their on-demand digital production fleets with Kornit. The company is focused on executing its growth strategy as it enters 2025.
Customers
growth-negative
Kornit Digital: Q3 Earnings Snapshot
Kornit Digital Ltd., based in Rosh-Haayin, Israel, reported a loss of $908,000 for its third quarter, translating to a loss of 2 cents per share. When adjusted for stock option expenses and amortization costs, earnings were 11 cents per share. The company, which specializes in digital textile printing, posted a revenue of $50.7 million for the period. Looking ahead, Kornit Digital expects its revenue for the current quarter ending in December to be between $58 million and $63 million. The report was generated by Automated Insights using data from Zacks Investment Research.
growth-neutral
Kornit Digital Sets Third Quarter 2024 Earnings Release Date and Webcast
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, announced it will release its financial results for the third quarter ended September 30, 2024, on November 6, 2024. The company will host an earnings conference call and webcast to review these results and its operations. The call will be accessible via Kornits website and will be archived for later access. Kornit Digital serves customers in over 100 countries, providing end-to-end solutions in digital printing systems and services. The announcement is primarily informational, detailing the upcoming release of financial results and the logistics of the earnings call.
growth-positive
Are Industrial Products Stocks Lagging Kornit Digital (KRNT) This Year?
The article discusses Kornit Digitals strong stock performance within the Industrial Products sector. Kornit Digital, a company in the Commercial Printing industry, has outperformed its peers with a year-to-date gain of 27.9%, compared to the sectors average of 15.4%. The Zacks Rank system, which emphasizes earnings estimates and revisions, currently rates Kornit Digital as a #2 (Buy), indicating positive analyst sentiment and an improved earnings outlook. The article also mentions Packaging Corp., another company in the sector, which has seen a 35.1% increase in its stock value. Investors are encouraged to monitor these companies for continued solid performance.
growth-positive
Top European Manufacturer Boosts Production Capacity with Kornit Apollo
Kornit Digital Ltd., a leader in sustainable, on-demand digital fashion and textile production technologies, announced that T-Shirt & Sons (TSS), a prominent European apparel manufacturer, has expanded its digital production capabilities by adopting the Kornit Apollo platform. This expansion is set to streamline operations and increase production capacity by several million impressions annually. TSS, which serves major e-commerce and retail brands, aims to transition from traditional screen printing to digital production. The integration of Kornits MAX technology and the Apollo platform will enable TSS to optimize production processes, improve speed, and enhance time-to-market. This development positions TSS to better meet the demands of the rapidly growing online market and scale its business further.
CustomersExpand
growth-positive
Kornit Digital Ltd (KRNT) Q2 2024 Earnings Call Highlights: Navigating Challenges with ...
Kornit Digital Ltd reported positive financial results for Q2 2024, with a revenue of $48.6 million and a positive cash flow from operations for the third consecutive quarter. The company saw growth in impressions and consumables, indicating strong utilization by customers. Despite a negative adjusted EBITDA margin of 3%, Kornit expects a 20% to 25% increase in sales in the second half of 2024. The AIC model is gaining traction, and the Apollo system has received several new orders. However, challenges remain, including a decline in sales of systems and services and a $1.5 million allowance for doubtful debts due to a customers bankruptcy. Kornit is focusing on expanding its market presence in the Direct-to-Fabric sector.
Customers
growth-positive
Kornit says Hybrid Digital adds Kornit Apollo to Atlas MAX production lines
Kornit Digital has announced that Hybrid Digital, a division of Hybrid Apparel, is expanding its use of Kornit Apollo systems to enhance its digital production capabilities. This move is part of Hybrid Digitals ongoing transition from analog to digital production, aimed at meeting the increasing demand for rapid delivery and minimal inventory in online retail. The adoption of Kornit Apollo is expected to accelerate production cycles, enabling Hybrid Digital to serve more customers efficiently and drive business growth. Kornit Digitals stock price targets have been raised by Barclays and Morgan Stanley, reflecting positive market sentiment. Additionally, Monster Digital and Mad Engine are also expanding their use of Kornit Apollo systems, further solidifying Kornit Digitals position in the market.
Customers
growth-positive
Kornit Digital Empowers Hybrid Digital to Fuel its Next Stage of Business Growth
Kornit Digital Ltd., a leader in sustainable, on-demand digital fashion and textile production technologies, has announced that Hybrid Digital, a division of Hybrid Apparel, is expanding its use of Kornits Apollo platform. This move is part of Hybrid Digitals strategy to enhance its digital production capabilities, meeting the rapid time-to-market demands of its partners, including major retailers like Walmart, Target, and Kohls. The adoption of Kornit Apollo is expected to accelerate Hybrid Digitals transition from analog to digital production, improving inventory management and delivery times. This partnership highlights the growing importance of digital production in the apparel industry, driven by changing market dynamics and consumer expectations. The announcement was made on October 7, 2024.
PartnersCustomers
growth-positive
Kornit Digital (KRNT) Moves 5.0% Higher: Will This Strength Last?
Kornit Digital Ltd. (KRNT) shares rose by 5% to $26.45 in the last trading session, driven by optimism surrounding Monster Digitals plans to expand its digital production by adding 10 Kornit Apollo systems in 2025. Despite a projected 16.9% decline in quarterly revenues to $49.2 million, the company is expected to post earnings of $0.08 per share, a 214.3% year-over-year increase. The stocks recent performance is notable, although the consensus EPS estimate has remained unchanged over the last 30 days. Kornit Digital is part of the Zacks Commercial Printing industry and currently holds a Zacks Rank #3 (Hold).
CustomersExpand
growth-positive
Monster Digital Adds Significant Digital Production Capacity with the Adoption of 10 Additional Kornit Apollo Systems During 2025
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, announced that Monster Digital is expanding its digital production capabilities by adding 10 new Kornit Apollo systems in 2025. This expansion, which includes a mix of capital purchases and Kornits All-Inclusive Click (AIC) Model, will significantly enhance Monster Digitals ability to meet customer demands and shift from screen printing to digital production. The investment underscores Monster Digitals commitment to digital transformation and positions the company to capture new opportunities in the market. Kornit Digitals CEO, Ronen Samuel, emphasized the importance of their long-standing relationship with Monster Digital in driving this transformation.
CustomersInvestment
growth-positive
DO Apparel Expands Digital Production of Custom Jerseys for Large Sports Brands with Kornit Digital
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, announced an extension of its relationship with DO Apparel, a custom sports apparel company. DO Apparel has invested in a second Kornit Atlas MAX POLY system, enhancing its ability to produce high-quality custom sportswear for major league teams. This investment allows DO Apparel to switch seamlessly between different fabrics and deliver medium-run, on-demand production more effectively than traditional screen printing. The partnership highlights the shift from screen printing to digital production in the sports apparel industry.
CustomersPartnersInvestment
growth-positive
Kornit Digital Can Reaccelerate Fundamentals Amid Favorable Market Trends, Morgan Stanley Says
Morgan Stanley has indicated that Kornit Digital can reaccelerate its fundamentals amid favorable market trends. The article suggests that the company is well-positioned to benefit from these trends, potentially leading to growth. The article is behind a paywall and requires a Silver or Gold subscription plan for full access.
growth-positive
Kornit Digital, OGAT unveil eco on-demand fashion supply model
Digital printing company Kornit Digital has partnered with OGAT (One Garment at a Time), a new fashion brand launched by Pixartprinting, to revolutionize traditional mass-production models. This partnership, showcased at the Printing United Expo, leverages Kornits Presto Max technology to enable brands to produce high-quality, customized garments without minimum order requirements. The collaboration aims to address challenges in fashion production such as long lead times, unsold inventory, and waste, while promoting sustainability. The partnership has already been implemented through OGAT’s recent collaboration with HIGH Everyday Couture. Kornit Digitals CEO, Ronen Samuel, emphasized the potential of this single-step on-demand production model.
Partners
growth-positive
Print Palace Textildruck Redefines the Future of Custom Textiles with Transition of Production Volumes from Screen Printing to On-Demand, Digital Production from Kornit Digital
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, announced that Print Palace Textildruck, a major German provider of music and event merchandise, is transitioning from analog to digital production. This shift is facilitated by Kornits new All-Inclusive Click (AIC) Model and the adoption of the Kornit Apollo production line. This move aims to streamline production operations, improve unit economics for mid-sized production runs, and enhance overall speed and time-to-market. The announcement was made at the PRINTING United Expo in Las Vegas on September 12, 2024.
CustomersPartners
growth-positive
Mad Engine Global, a Leading Provider of Licensed Celebrity and Branded Apparel, Expands On-Demand, Digital Production Fleet with Additional Apollo and Atlas Systems from Kornit Digital
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, announced that Mad Engine Global is expanding its investment in Kornits Apollo production lines and Atlas MAX PLUS systems. This expansion aims to shift more production from analog screen printing to on-demand digital production, enhancing supply chain efficiency and meeting customer demand. The investment, which includes additional plans for 2025, leverages Kornits All-Inclusive Click (AIC) Model to improve predictability and decision-making in production capacity. The announcement was made at the PRINTING United Expo in Las Vegas on September 12, 2024.
CustomersInvestment
growth-positive
OGAT and Kornit Digital Revolutionize Fashion Production with On-Demand, Sustainable Technology
Kornit Digital Ltd announced a partnership with OGAT, a new brand launched by Pixartprinting, part of Cimpress, to revolutionize the fashion industry with Kornits Presto MAX technology. This collaboration aims to redefine traditional mass production models by combining digital direct-to-fabric pigment printing with comprehensive on-demand production workflows. The partnership promises high-quality, sustainable fashion with quick turnarounds and no minimum orders, addressing issues like overstock and unsold inventory. The announcement was made at the PRINTING United Expo in Las Vegas on September 11, 2024.
Partners
growth-positive
Custom Screen-Printing Leader Further Captures the Power of On-Demand Digital Production with Kornit Digital
Kornit Digital Ltd, a leader in sustainable on-demand digital fashion and textile production technologies, announced that T-Formation Inc., a major screen printer for brands like Adidas, PVH Corporate, and Champion, will transition large production volumes to Kornits digital print process using the Kornit Apollo. This move is driven by changing market dynamics and increased demand for rapid delivery and sustainable production. T-Formation has been a long-time partner of Kornit and sees this transition as a game-changer for their business. The announcement was made at the PRINTING United Expo 2024 in Las Vegas.
CustomersPartners
growth-positive
Kornit Digital Announces Board Authorization of $100 Million Share Repurchase Program
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, announced a $100 million share repurchase program authorized by its Board of Directors. This move, which follows $65 million in share repurchases since 2023, underscores the Boards confidence in the companys long-term strategy and commitment to shareholder value. The repurchase program will be executed through various methods, including open market purchases and privately negotiated transactions, in compliance with U.S. securities laws. The program may be suspended or discontinued at any time and will be funded with cash on hand. The company expects repurchases to begin after a 30-day period for creditor objections.
Investment
growth-positive
Kornit Digital Presents Fashion is Choosing On-Demand in Conjunction with PRINTING United Expo 2024
Kornit Digital Ltd. is accelerating its shift from analog to on-demand digital production, with a growing number of screen printers adopting its platforms. The company has moved its All-Inclusive Click (AIC) model beyond the pilot phase, aiming for double-digit revenue growth and improved profitability. Kornit announced a $100 million share repurchase program to be completed by mid-2025, demonstrating its commitment to shareholder value. The company hosted an investor event in Las Vegas to highlight its market opportunities and long-term financial goals. Kornit aims to lead the digital transformation of the textile industry with its innovative solutions.
Investment
growth-positive
Custom Ink Delivers Fast, Accurate and Premium Quality Custom Apparel with On-Demand Technology from Kornit Digital
Kornit Digital Ltd, a leader in sustainable, on-demand digital fashion and textile production technologies, announced that Custom Ink has chosen its technology to enhance production capabilities. Custom Ink, known for custom apparel and swag, is transitioning from screen to digital direct-to-garment production to meet increasing demand for rapid fulfillment and sustainable methods. This partnership aims to support Custom Inks business growth and digital transition while maintaining high-quality standards. The announcement was made at the PRINTING UNITED EXPO 2024 in Las Vegas, highlighting the evolving apparel industry and the need for innovative, sustainable solutions.
CustomersPartners
Growth-Negative
Kornit Digital (KRNT) Surpasses Q2 Earnings Estimates
Kornit Digital reported Q2 2024 earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This is a significant improvement from a loss of $0.15 per share a year ago. However, the companys revenues of $48.62 million for the quarter missed the Zacks Consensus Estimate by 1.43%, and were lower than the year-ago revenues of $56.2 million. Kornit Digitals shares have lost about 25.3% since the beginning of the year. The companys future performance will depend on managements commentary on the earnings call and earnings outlook.
Customers
growth-positive
Kornit Digital Announces Investor Event to be Held on September 10th in Conjunction with its Participation at the Printing United Trade Show in Las Vegas, NV
Kornit Digital Ltd, a global leader in sustainable, on-demand, digital fashion and textile production technologies, has announced that it will host an Investor Event on September 10, 2024. The event will provide insights into the companys recent business activities, go-to-market strategy, and capital allocation plans. It will also feature panels with key customers and demand generators. The event will be held in conjunction with the Printing United trade show in Las Vegas, where Kornits Apollo system will be demonstrated.
Customers
growth-negative
Kornit Digital Reports Second Quarter 2024 Results
Kornit Digital Ltd, a global leader in sustainable, on-demand, digital fashion and textile production technologies, reported its Q2 2024 results. The company posted revenues of $48.6 million, a GAAP net loss of $4.9 million, and non-GAAP net income of $1.1 million. The company also reported positive cash flow from operations for the quarter. Despite the decline in revenues compared to the previous year, the company saw growth in impressions and consumables. The company also received several additional Apollo orders, including four on its AIC model. For Q3 2024, the company expects revenues to be in the range of $48 million to $52 million.
CustomersInvestment
Growth-Negative
Kornit Digital: Q2 Earnings Snapshot
Kornit Digital Ltd., a digital textile printer company based in Rosh-Haayin, Israel, reported a loss of $4.9 million in its second quarter. The company posted a revenue of $48.6 million in the same period. Adjusted for one-time gains and costs, the earnings were 2 cents per share. For the current quarter ending in September, Kornit Digital expects its revenue to be in the range of $48 million to $52 million.
Investment
growth-positive
We're Hopeful That Kornit Digital (NASDAQ:KRNT) Will Use Its Cash Wisely
Kornit Digital, a software-as-a-service company, has been analyzed for its cash burn rate. The company had cash of US$374m and no debt as of March 2024, and burnt through US$22m in the last year, indicating a long cash runway. Despite a drop in operating revenue by 8.6%, the company managed to reduce its cash burn by 73% over the last twelve months. The companys cash burn of US$22m is about 2.8% of its US$770m market capitalisation, suggesting it could easily raise more money for growth.
Investment
Neutral
Kornit Digital Sets Second Quarter 2024 Earnings Release Date and Webcast
Kornit Digital Ltd, a global leader in sustainable, on-demand, digital fashion and textile production technologies, has announced that it will release its financial results for the second quarter ended June 30, 2024 on Wednesday, August 7, prior to the market open. The company will host an earnings conference call and webcast reviewing these results and its operations on the same day. The call will be broadcast live and can be accessed through Kornit’s website.
Public Trading
growth-negative
Implied Volatility Surging for Kornit Digital (KRNT) Stock Options
Kornit Digital Ltd. is experiencing high implied volatility in its stock, suggesting that investors are expecting a significant move in one direction or the other. This could be due to an upcoming event that may cause a big rally or a huge sell-off. Currently, Kornit Digital is a Zacks Rank #3 (Hold) in the Commercial Printing industry. Over the last 60 days, no analyst has increased its earnings estimate for the current quarter, while two analysts have dropped their estimates. This has resulted in a net effect of the Zacks Consensus Estimate for the current quarter moving from earnings of one cent per share to a loss of one cent per share.
Public Trading
growth-positive
Quad/Graphics (QUAD) Stock Jumps 6.6%: Will It Continue to Soar?
Shares in printing company Quad/Graphics (QUAD) rose by 6.6% in the last trading session, closing at $5.36. The increase was supported by a higher than usual volume of shares changing hands. The companys stock has benefited from revenue growth due to enhanced media offerings and strong cash generation. QUAD is expected to post quarterly earnings of $0.07 per share in its upcoming report, a year-on-year change of +250%. However, revenues are expected to be $645.7 million, down 8.2% from the same quarter last year.
Customers
growth-negative
Shareholders in Kornit Digital (NASDAQ:KRNT) are in the red if they invested three years ago
Kornit Digital Ltd. has experienced a significant drop in share price, with a decrease of 88% over a three year period and 54% in the last year. The companys revenue has also been shrinking by 10% per year over the last three years. The CEOs pay is reported to be more modest than most CEOs at similarly capitalized companies. The companys performance over the last five years has resulted in a total loss of 8% per year for shareholders.
Public Trading
growth-positive
Kornit Digital to Participate in William Blair 44th Annual Growth Stock Conference
Kornit Digital Ltd, a global leader in sustainable, on-demand, digital fashion and textile production technologies, has announced that its CEO, Ronen Samuel, and Global Head of Investor Relations & Strategic Finance, Jared Maymon, will participate in a presentation and conduct one-on-one meetings at the William Blair 44th Annual Growth Stock Conference on June 5, 2024. The presentation will be available via live audio webcast and archived for replay on Kornit’s investor relations website.
Management Changes
growth-positive
Kornit Digital Ltd. (NASDAQ:KRNT) Q1 2024 Earnings Call Transcript
Kornit Digital Ltd. reported its Q1 2024 earnings, beating expectations with a reported EPS of $-0.11 against expectations of $-0.12. The company reported revenue of $43.8 million and an adjusted EBITDA margin of negative 18%, which was within the guidance range provided in February. Kornit Digital also reported positive cash from operations during Q1. The company saw year-over-year improvements in utilization, impressions, and consumable sales. It also reported a strong reception for its Apollo product and a new all-inclusive click (AIC) model. The company is working with its contract manufacturers to increase production capacity of the Apollo systems for 2024 and beyond.
CustomersInvestment
growth-negative
Kornit Digital First Quarter 2024 Earnings: US$0.28 loss per share (vs US$0.38 loss in 1Q 2023)
Kornit Digital reported a decrease in revenue for the first quarter of 2024, with a net loss of US$13.2m, a 30% improvement from the first quarter of 2023. The companys shares are down 3.8% from the previous week. Looking ahead, the companys revenue is forecasted to grow 11% per annum on average over the next three years, compared to a 3.7% growth forecast for the Machinery industry in the US.
Customers
growth-negative
Kornit Digital Reports First Quarter 2024 Results
Kornit Digital Ltd reported its Q1 2024 results, with revenues of $43.8 million and a GAAP net loss of $13.2 million. Despite the loss, the company generated positive cash flow from operations and concluded its Apollo beta with all three customers. The company also reported significant interest from new and existing customers on the all-inclusive click (AIC) model. Looking ahead, Kornit is focusing on transitioning long-run production to sustainable, on-demand digital production globally.
Customers
Neutral
Kornit Digital Sets First Quarter 2024 Earnings Release Date and Webcast
Kornit Digital Ltd, a global leader in sustainable, on-demand, digital fashion and textile production technologies, has announced that it will release its financial results for the first quarter ended March 31, 2024, on Wednesday, May 8, 2024, prior to the market open. The company will host an earnings conference call and webcast reviewing these results and its operations on the same day. The call will be broadcast live and can be accessed through Kornit’s website.
Neutral
Kornit Digital Announces Filing and Availability of Its Annual Report on Form 20-F
Kornit Digital Ltd, a global leader in sustainable, on-demand, digital fashion and textile production technologies, has announced that its annual report for the year ended December 31, 2023, is now available on its website. The report contains audited consolidated financial statements and has been filed with the Securities and Exchange Commission. Shareholders can request a hard copy of the report free of charge. Kornit Digital operates in over 100 countries and states worldwide.
growth-positive
Kornit Digital Reveals New Opportunities for Brands and Retailers, Sportswear, Home Décor, and Screen Printers with Robust Showcase at FESPA Digital Print Expo 2024
Kornit Digital Ltd. has announced new opportunities for brands, retailers, and designers with its showcase at FESPA Global Print Expo 2024. The company is introducing its next generation direct-to-garment offering, Atlas MAX PLUS, designed to deliver high standards of quality, reliability, and color vibrancy. The event will also feature a sneak peek at Kornit’s breakthrough, direct-to-film solution, MAX Transfer. The company is also targeting the sportswear segment with its Kornit Atlas MAX POLY solution. Kornit Digital is a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies.
CustomersExpand
Growth-Negative
Kornit Digital Full Year 2023 Earnings: EPS Misses Expectations
Kornit Digital has reported its full year 2023 results, revealing a revenue of $219.8m, down 19% from FY 2022. The companys net loss was $64.4m, a 19% improvement from the previous year. The loss per share also improved from $1.59 in FY 2022 to $1.31. Despite these figures being in line with analyst estimates, the earnings per share missed analyst expectations by 39%. Looking ahead, Kornit Digitals revenue is forecast to grow 10% per annum on average over the next three years.
Customers
growth-positive
Kornit Digital Ltd. (NASDAQ:KRNT) Q4 2023 Earnings Call Transcript
Kornit Digital Ltd. reported its Q4 2023 earnings, beating expectations with a reported EPS of $0.08, compared to the expected $-0.01. The company also reported Q4 revenues of $56.6 million. Despite challenging macroeconomic conditions, the company saw double-digit year-over-year growth in consumable sales. The company also made significant strides in the direct-to-fabric market and launched the Apollo platform for bulk production. However, the company also announced a restructuring plan, including a significant reduction in workforce and changes to its leadership team.
Management ChangesLayoffs
growth-negative
Kornit Digital Reports Fourth Quarter and Full Year 2023 Results
Kornit Digital Ltd has reported its Q4 and full-year results for 2023. The company reported Q4 revenues of $56.6m, a GAAP net loss of $22.9m, and non-GAAP net income of $3.8m. The company also achieved breakeven adjusted EBITDA and generated positive operating cash flow for the quarter. Despite a challenging operating environment in 2023, the company made progress in diversifying its customer base and established its MAX technology as the new industry standard. For the full year 2023, the company reported total revenue of $219.8m and a GAAP net loss of $64.4m.
Customers
growth-positive
Kornit Digital Delivers on Promise of On-Demand Production at Scale with General Availability of Apollo Platform
Kornit Digital Ltd has announced the general availability of its Kornit Apollo DTG platform. The platform, which has undergone extensive testing and development, is designed to revolutionize the market by offering on-demand, sustainable onshore/nearshore production at an industrial scale. The Apollo platform has the capacity to annually decorate over 1.5 million garments and can handle various garment types concurrently. The platform has been successfully implemented at customers including Mad Engine Global and T-Shirt Central.
CustomersExpand
Neutral
Kornit Digital Sets Fourth Quarter and Full Year 2023 Earnings Release Date and Webcast
Kornit Digital Ltd, a global leader in sustainable, on-demand, digital fashion and textile production technologies, has announced that it will release its financial results for the fourth quarter and full year ended December 31, 2023, on Wednesday, February 14, 2024. The company will host an earnings conference call and webcast to review these results and its operations. The call will be broadcast live and can be accessed through Kornits website in the Investors section.
Public Trading
growth-negative
Kornit Digital (NASDAQ:KRNT) Is In A Good Position To Deliver On Growth Plans
Kornit Digital, a software-as-a-service business, has been burning through cash at an alarming rate, raising concerns among its shareholders. The companys cash burn was US$89m in the last year, and it had cash reserves of US$346m as of September 2023, giving it a cash runway of about 3.9 years. However, the companys operating revenue was down by 23% in the same period, and its cash burn increased by 33% year on year. Despite this, the companys market capitalisation of US$770m suggests it could raise more cash for growth without much trouble.
CustomersInvestment
growth-negative
קורנית יוצאת לסבב התייעלות נוסף, תפטר 12%-14% מעובדיה
Kornit, a company that develops and manufactures digital printing machines for clothing and fabrics, is expected to lay off 12%-14% of its employees in an effort to accelerate the transition to operational balance. Kornit is suffering from a continuous decline in its revenues, mainly due to a slowdown in the sale of printing machines, among other things due to high interest.
Layoffs
Growth-Negative
Investors in Kornit Digital (NASDAQ:KRNT) have unfortunately lost 78% over the last three years
Kornit Digital Ltd. has seen an 11% increase in share price over the last month, however, the last three years have seen a significant decline of 78%. The company has not made a profit in the last twelve months and its revenue growth has been a mere 4.0% per year. The declining share price suggests the market is disappointed with this level of growth. The companys performance last year may indicate unresolved challenges, as it was worse than the annualised loss of 0.7% over the last half decade.
Public Trading
growth-negative
Time To Worry? Analysts Just Downgraded Their Kornit Digital Ltd. (NASDAQ:KRNT) Outlook
Analysts have downgraded their forecasts for Kornit Digital Ltd. for the next year, leading to a negative impact on the companys shares. The consensus among the companys six analysts is now a forecast of revenues of $245m in 2024, a solid 8.3% improvement in sales compared to the last 12 months. However, this is a downgrade from previous forecasts of $290m. The loss per share is expected to reduce by 79% to $0.33. The consensus price target fell 12% to $26.17, indicating that lower earnings per share are a leading indicator for Kornit Digitals valuation.
Customers
growth-positive
Kornit Digital Ltd. (NASDAQ:KRNT) Q3 2023 Earnings Call Transcript
Kornit Digital Ltd. reported its Q3 2023 earnings, beating expectations with a reported EPS of $-0.07 against the expected $-0.09. The company reported revenues of $59.2 million, within the guidance range provided in August. Despite a challenging macroeconomic environment, the company saw growth in consumable sales and impressions. The company also reported diversifying its customer base and expanding into key growth regions including LATAM and Asia-Pacific. Looking ahead, the company plans to approach breakeven on an adjusted EBITDA basis during Q4 and grow profitably in 2024.
CustomersManagement Changes
growth-negative
Kornit Digital Reports Third Quarter 2023 Results
Kornit Digital Ltd has reported its Q3 2023 results, revealing a GAAP net loss of $8.2 million and non-GAAP net loss of $3.4 million. Despite the challenging macroeconomic environment, the companys consumables sales grew YoY and system sales improved sequentially. The companys operations have not been significantly impacted by the security situation in Israel. Kornit Digitals CEO, Ronen Samuel, stated that the company is taking proactive measures to diversify its customer base, expand into key textile-producing regions, and resume overall sales growth. The company expects revenues to be in the range of $55 million to $60 million for Q4 2023.
Customers
Neutral
Kornit Digital Sets Third Quarter Earnings Release Date and Webcast
Kornit Digital Ltd., a global leader in sustainable, on-demand, digital fashion and textile production technologies, has announced that it will release its financial results for the third quarter ended September 30, 2023, on November 8, 2023. The company will also host an earnings conference call and webcast to review these results and its operations. The conference call will be broadcast live and can be accessed through Kornits website.
Kornit Digital Delivers on Vision of Transforming Industry to On-Demand Sustainable Fashion and Textiles at PRINTING United Expo 2023
growth-positive
Kornit Digital to Participate in Citi's 2023 Global Technology Conference
Kornit Digital Ltd, a global leader in sustainable, on-demand, digital fashion and textile production technologies, has announced that it will conduct one-on-one meetings at Citi’s 2023 Global Technology Conference. The meetings will be hosted by Jared Maymon, Kornit Digital’s Global Head of Investor Relations, on September 8th, 2023, at The New York Hilton Midtown. The company is inviting interested investors to schedule a meeting through their Citi representative.
CustomersPartners
growth-negative
Buy the Dip in These 2 Beaten-Down Stocks, Say Analysts
Roblox Corporation and Kornit Digital have seen a significant drop in their share prices recently. Roblox, a gaming and metaverse company, reported a 15% YoY increase in revenues for Q2 2023 but missed expectations for bookings and EBITDA. Kornit Digital, a digital printing firm, posted a sixth consecutive quarter of net-negative EPS and revenues that were down 3.3% YoY. However, analysts from Wedbush and Morgan Stanley are recommending investors to buy the dip in anticipation of a rise.
Investment
Growth-Positive
Companies Like Kornit Digital (NASDAQ:KRNT) Can Afford To Invest In Growth
Kornit Digital, a software-as-a-service business, has been losing money for years while growing its recurring revenue. However, analysts predict that the company will reach cashflow breakeven before it runs out of cash reserves. Despite increasing its cash burn by 194% in the last year, the companys cash runway suggests that it is on a good path. The companys market capitalisation of US$1.2b means it could easily raise more cash for growth by issuing new shares or taking out a loan.
Investment
Growth-Positive
Penn downgraded, Roblox upgraded: Wall Street's top analyst calls
Several companies have been upgraded and downgraded by Wall Street analysts. Morgan Stanley upgraded Roblox, Southern Company, and Kornit Digital, while Jefferies upgraded Global Payments. Citi upgraded Mirati Therapeutics. On the other hand, Penn Entertainment was downgraded by Craig-Hallum and Truist. BofA downgraded SBA Communications and Crown Castle. Deutsche Bank downgraded NeoGames, and RBC Capital and JPMorgan downgraded TaskUs. Roth MKM downgraded Plug Power. Cantor Fitzgerald initiated coverage of Zai Lab, RBC Capital initiated coverage of CorMedix, and Goldman Sachs reinstated coverage of Option Care Health.
Partners
Growth-Positive
4 big analyst picks: Amazon efficiency enhancements are 'bearing fruit'
PhillipCapital has upgraded Amazon to Buy from Neutral and raised its price target to $175.00 from $120.00, predicting a possible renewed re-acceleration for Amazon Web Services (AWS) in the latter half of 2023. Roblox shares rose more than 2% premarket after receiving upgrades from Morgan Stanley and Wedbush. Marqeta was upgraded to Buy from Hold by Berenberg following the company’s Q2 report and the announcement of a four-year extension of its contract with Block to power its Cash App. Kornit Digital shares gained more than 3% premarket after Morgan Stanley upgraded the company to Overweight from Equalweight.
CustomersManagement Changes
growth-positive
Kornit Digital Further Demonstrates Commitment to More Sustainable Fashion and Textile Industry with Release of Third-Annual Impact Report
Kornit Digital Ltd, a global leader in sustainable, on-demand digital fashion and textile production technologies, has released its 2022 Impact Report. The report highlights the companys progress towards its long-term goals related to climate action, waste management, green chemistry, and workplace diversity. This is the third annual report and it reinforces Kornits commitment to an Environmental, Social, and corporate Governance (ESG) strategy that aims to transform the fashion and textile industry into one that is significantly more sustainable and ethical.
Customers
Growth-Negative
Kornit Digital (KRNT) Reports Q2 Loss, Lags Revenue Estimates
Kornit Digital reported a quarterly loss of $0.15 per share, which is less than the expected loss of $0.24 per share. However, the companys revenues of $56.2 million for the quarter ended June 2023 missed the consensus estimate by 1.19%. Over the last four quarters, the company has not been able to beat consensus revenue estimates. The companys shares have added about 21.9% since the beginning of the year. The future performance of the stock will depend on the companys earnings outlook and the impact of the industry outlook.
Customers
growth-negative
Kornit Digital Reports Second Quarter 2023 Results
Kornit Digital Ltd, a global leader in sustainable, on-demand, digital fashion and textile production technologies, reported its Q2 2023 results. The company recorded revenues of $56.2 million and a GAAP net loss of $14.3 million. Despite this, the company saw double-digit year-over-year growth in impressions and consumables across all regions. Kornits CEO, Ronen Samuel, highlighted the companys successful participation in the ITMA tradeshow in Milan, Italy, which generated numerous high-quality leads and sales orders. The company also issued its third-annual Impact Report, reaffirming its commitment to a more sustainable fashion and textiles industry.
CustomersManagement Changes
Neutral
Kornit Digital Sets Second Quarter Earnings Release Date and Webcast
Kornit Digital Ltd, a global leader in sustainable, on-demand, digital fashion and textile production technologies, has announced that it will release its financial results for the second quarter ended June 30, 2023, on Wednesday, August 9, 2023, before the market opens. The company will host an earnings conference call and webcast to review these results and its operations. The conference call will be broadcast live and can be accessed through Kornit’s website.
Public Trading
growth-positive
Kornit Digital and Amaze Software Offer On-Demand Production and Fulfillment to Social Media Creators
Kornit Digital Ltd, a global leader in sustainable, on-demand digital fashion and textile production technologies, has announced a partnership with Amaze Software, Inc. The partnership will leverage Kornits MAX technology and Amazes Creator Commerce Platform to bring branded products to market faster. The collaboration aims to empower social media creators to better monetize their branded products. Kornits Global Fulfillment Network will help companies like Amaze Software connect creators with high-quality garment and textile production fulfillers across the globe. The partnership is expected to enhance the social commerce market by providing a more sustainable, creative, and agile production process.
PartnersExpand
growth-positive
Kornit Digital Locks in Leadership with Highly Successful ITMA 2023, Validates Market Readiness for Mainstreaming Digital On-Demand Production
Kornit Digital successfully concluded its exhibition at ITMA 2023, engaging with new customers from key regions. The company experienced high volumes of engagement and pipeline opportunities, establishing itself as the partner-of-choice for sustainable digital textile production. Kornit showcased its innovative on-demand fulfillment portfolio, including the Kornit Presto MAX and Kornit Apollo platforms. The industry is shifting towards digital transformation and sustainable production, and Kornit is leading the way with its proven solutions. The company aims to bring sustainable digital on-demand production to the mainstream and is well-positioned for future innovations.
CustomersPartners
growth-positive
ITMA 2023: Kornit Digital Unveils Sustainable, On-Demand Production at Scale with New Apollo Platform and Enhanced Atlas MAX PLUS
Kornit Digital is showcasing its game-changing Kornit Apollo platform at ITMA 2023, offering high-throughput digital production at scale. The company is also introducing the Kornit Atlas MAX PLUS system for decorated apparel. The Apollo platform enables customers to become more agile, drive revenue opportunities, and shift to localized production. It offers large-capacity and high-quality-driven players the opportunity to adopt digital versatility and a quick time to market. The platform helps fulfiller and brand supply chain managers gain ultimate visibility into their production. Kornit is also showcasing the Atlas MAX POLY, the most efficient specialty system for polyester decoration. The company owns an extensive patent portfolio for its innovative processes and inks. The innovations will be showcased at ITMA 2023 in Milan.
CustomersPartners
growth-positive
Fashion and Textile Industries Set to Witness Major Turning Point at ITMA 2023 as Digital Production Goes Mainstream with Kornit Digital
Kornit Digital announces industry-changing technology and operating solutions for textile supply chain transformation. The company showcases its Apollo platform, which offers high-throughput, on-demand garment decoration, and the new Kornit Atlas MAX PLUS, a faster and smarter digital decoration system. Kornit also introduces enhancements for Kornit Presto MAX and its NeoPigment Vivido ink set. The company aims to address the demand for sustainable, on-demand manufacturing in the fashion and textile industry. The article highlights the importance of nearshore and sustainable production models and the need for industry transformation. Kornit Digital is setting the stage for true industry change and aims to help brands thrive in a market where anything is possible.
CustomersPartners
growth-positive
ITMA 2023: Kornit Digital Continues to Reinvent and Reimagine Textile Decoration with Enhanced Presto MAX
Kornit Digital announced enhancements to its Kornit Presto MAX system for digital fabric decoration on demand. The solution offers breakthrough capabilities for transforming virtual concepts into custom fabrics, including brilliant white printing on colored fabrics. The new NeoPigment™ Vivido ink set achieves darker blacks and vivid colors, while reducing ink laydown and improving hand-feel. Kornit will showcase the Presto MAX system at ITMA 2023 in Milan, along with its partner ecosystem, which includes Greentex.co, Zünd, and Pentek Textile Machinery. The Presto MAX system addresses sustainability challenges in the fashion industry and allows producers to create more with less. Kornit Digital is a market leader in sustainable, on-demand digital fashion and textile production technologies.
CustomersPartners
growth-negative
The 20% return this week takes Kornit Digital's (NASDAQ:KRNT) shareholders five-year gains to 53%
The share price of Kornit Digital Ltd. has increased by 53% in the last five years, but it is down 36% in the past year. The companys earnings per share (EPS) have dropped 61% per year during the five years of share price growth. However, the revenue of Kornit Digital has been growing at a compound rate of 19% over the last five years. The CEO of the company is remunerated more modestly than most CEOs at similarly capitalized companies. The article suggests that the current sell-off could be an opportunity for long-term investors if the fundamental data continues to indicate sustainable growth.
Public Trading
growth-positive
Kornit Digital to Participate in William Blair 43rd Annual Growth Stock Conference
Kornit Digital Ltd. announced that its CEO and Global Head of Investor Relations will participate in a fireside chat discussion and conduct one-on-one meetings at the William Blair 43rd Annual Growth Stock Conference. The company is a market leader in sustainable, on-demand, digital fashion and textile production technologies. Kornit serves customers in over one hundred countries and states worldwide.
Investment
growth-positive
Kornit Digital to Participate in 20th Annual Craig-Hallum Institutional Investor Conference
Kornit Digital Ltd. will conduct one-on-one meetings at the 20th Annual Craig-Hallum Institutional Investor Conference. The company is a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies. Kornit serves customers in more than one hundred countries and states worldwide.
Investment
growth-negative
Kornit Digital Reports First Quarter 2023 Results
Kornit Digital Ltd. reported its Q1 2023 results, with revenues of $47.8 million and a GAAP net loss of $18.9 million. Despite the losses, the company saw double-digit year-over-year impressions growth from several strategic customers and added new Atlas MAX Poly and Direct-to-Fabric customers in key textile regions. CEO Ronen Samuel highlighted the companys MAX technology and its potential to benefit brands, retailers, and their global fulfillers. The company expects Q2 2023 revenues to be in the range of $54 million to $59 million.
CustomersManagement Changes
Kornit Digital (KRNT) Reports Q1 Loss, Misses Revenue Estimates
growth-positive
Multiple Reasons for the Decline of Kornit Digital Ltd. (KRNT)
Liberty Park Capital Management released its first quarter 2023 investor letter, reporting a 7.45% rise in the Liberty Park Fund. The long position of the fund gained 6.02% while the short position fell 1.25%. The letter highlighted Kornit Digital Ltd. and mentioned its lowered guidance and delayed return to profitability. Despite this, the high-margin consumables business of Kornit Digital continues to grow. The article also mentioned that Kornit Digital is not on the list of 30 Most Popular Stocks Among Hedge Funds.
Investment
Kornit Digital Sets First Quarter Earnings Release Date and Webcast
Kornit Digital Announces Filing and Availability of Its Annual Report on Form 20-F
7 Value Stocks to Buy for Long-Term Growth
growth-positive
'Show must go on': Tel Aviv Fashion Week kicks off while 'country is on fire'
Tel Aviv Fashion Week, led by Motti Reif, aims to use the upcoming event as a platform to promote social causes and showcase Israeli creations. Despite ongoing protests in the country, Reif believes that the show must go on and is open to models expressing their political views. The four-day fashion week will feature 28 fashion shows and the launch of a project called Fashion-Agenda-community, which includes expert panels on various issues. However, the fashion industry in Israel is facing a crisis, and this years event will not receive public funding, potentially impacting media attendance. Reif is determined to empower women and ensure diversity in the shows, but admits a lack of Arab designers. Tel Aviv Fashion Week will take place from March 19-22 at Tel Aviv Port.
CustomersPartners
Is It Time To Consider Buying Kornit Digital Ltd. (NASDAQ:KRNT)?
Kornit Digital Reports Fourth Quarter and Full-Year 2022 Results
Kornit Digital (KRNT) Reports Q4 Loss, Lags Revenue Estimates
Earnings Preview: Kornit Digital (KRNT) Q4 Earnings Expected to Decline
Kornit Digital (KRNT) Surges 11.0%: Is This an Indication of Further Gains?
Kornit Digital Sets Fourth Quarter and Full Year 2022 Earnings Release Date and Webcast
Kornit Digital to Participate in 25th Annual Needham Growth Conference
Is Kornit Digital Ltd. (NASDAQ:KRNT) Expensive For A Reason? A Look At Its Intrinsic Value
growth-negative
Kornit CEO set for raise despite share price plummeting 85% in a year | CTech
Kornit Digital, a struggling printing company, plans to increase CEO Ronen Samuels compensation from $2.18 million to $3.4 million. Despite a drop in revenue and layoffs, the board believes Samuel is the best CEO for the company and losing him would present a big challenge. Kornits market cap has fallen from over $7 billion to just over $1 billion in one year. The company has experienced an 86% decline in market cap compared to 32% for all Nasdaq shares. Kornit has also laid off around 50 employees in an effort to cut costs.
Layoffs
growth-negative
סבב פיטורים שני: כ-20 עובדים פוטרו מקורנית דיגיטל
קורנית דיגיטל, a digital printing company, has recently laid off around 20 employees. This comes after the CEO of the company, Ronen Samuel, announced the need to cut expenses, including reducing the workforce. In the companys third-quarter report, it was revealed that the company lost nearly $11 million and its revenues decreased by 23% compared to the same quarter last year. The company attributed these results to the economic impact on its customers and decided to take steps to reduce expenses and adjust its business operations to the market conditions.
Layoffs
The digital revolution making fabric printing more sustainable
growth-positive
Kornit Digital to Acquire Tesoma, Enhancing Range of End-to-End Solutions for On-Demand Fashion and Textile Production
Kornit Digital Ltd has announced its definitive agreement to acquire Tesoma, a German-based company known for its high-quality textile curing solutions. The acquisition aligns with Kornits strategy to add smart automation capabilities to its sustainable on-demand production solutions. The goal is to improve productivity, optimize quality, and reduce the total cost of ownership in a more sustainable production environment. The acquisition is expected to be completed by April 1, 2022. Kornit Digital aims to transform the fashion and textile industry by providing innovative and sustainable on-demand textile production solutions.
Partners
Kornit Digital Introduces Presto MAX, Reinventing Design and Applications Capabilities for Custom Textiles on Demand Kornit Digital
Kornit Fashion Week Los Angeles + Industry 4.0 Event Unleashes Creativity, Sustainability on Demand: "Not Fast Fashion, But Extraordinary Fashion, Quickly" Kornit Digital
growth-positive
Kornit Digital Commits to Saving 4.3 Trillion Liters of Water and 17.2 Billion Kilograms of Greenhouse Gas Emissions, and Reducing Overproduction in the Fashion Industry by 1.1 Billion Items by 2026 Kornit Digital
Kornit Digital Ltd., a global leader in digital textile production technologies, has released its 2020 Impact and Environmental, Social, and Governance (ESG) Report. The report outlines Kornits commitment to achieving specific ESG goals, including environmental sustainability, diversity and inclusion, and fair labor practices. The companys technology solutions enable sustainable production on demand, reducing waste and minimizing the carbon footprint. By 2026, Kornits solutions are expected to enable the production of approximately 2.5 billion apparel items in a responsible manner.
CustomersExpand
Kornit Digital and threeASFOUR Give Shape to the Future of Fashion and Technology with the KUNDALINI Collection at New York Fashion Week Kornit Digital
growth-positive
Kornit Digital acquires Voxel8
Kornit Digital Ltd. has acquired all associated assets of Voxel8, a company specializing in advanced additive manufacturing technology for textiles. The acquisition will help Kornit Digital accelerate its strategy to digitize sustainable, on-demand textile production. By integrating Voxel8s technology, Kornit Digital aims to disrupt the fashion industry and explore new opportunities in functional apparel and footwear markets. Voxel8s technology offers direct 3D print-on-part capabilities, advanced design software, and versatile chemistry for changing material properties. The acquisition aligns with Kornit Digitals vision of digitizing production in every conceivable manner.
Acquisition
growth-positive
הכנסות קורנית דיגיטל הכו את הצפי; "60% מקניות הבגדים יהיו באונליין ב-2025" כלכליסט
Kornit Digital, a textile printing company, exceeded revenue expectations and achieved strong profitability in Q2. The company received significant orders and has a positive outlook for the future. Kornit also announced the acquisition of Voxel8, a startup that developed 3D printing technology for textiles, for an estimated amount of $20 million. The article highlights the impact of the COVID-19 pandemic on the fashion industry, with more people buying online. Kornit expects online sales to reach 60% by 2025. The companys stock has risen by 60% this year. Kornit projects Q3 revenue to be between $88-92 million, excluding the impact of option warrants issued in the quarter.
CustomersInvestmentAcquisition
growth-positive
Kornit Digital Partners with Canva, Connecting Canva's Extensive Creative Community with Global On-Demand Production
Kornit Digital has announced a new partnership with Canva, an online visual communications and design platform. As part of the partnership, Canva will integrate KornitX, Kornit Digitals operating system for on-demand sustainable fashion, into its platform. This will allow Print Service Providers, brands, and organizations to easily add the Canva design tool to their e-commerce websites and create personalized products. KornitX will manage and route all orders through its global fulfillment network. Canva currently serves over 55 million users globally. The partnership aims to meet the growing demand for customized impressions and provide users with unlimited design possibilities.
Partners
growth-positive
Printful Executes Major Global Expansion of On-Demand Apparel and Fashion Production with Kornit Digital
Printful, an on-demand printing and warehousing company, is expanding its global fulfillment capacity by adding more than 50 Kornit Atlas systems for direct-to-garment production. They are also opening new production facilities in various locations. Printful has experienced significant growth, with three-year revenue growth of 441% and over $722 million in goods sold through their online platform. They aim to meet the demands of todays digital natives by offering customization, personalization, and eco-friendly practices. Kornit Digital, a market leader in digital textile printing technology, is providing the technology that powers Printfuls success. The expansion will position Printful to continue meeting customer demands in the e-commerce age.
Expand
growth-positive
Kornit Digital Reports Fourth Quarter and Full-Year 2020 Results
Kornit Digital Ltd. reported a record fourth quarter for 2020, with a 49% year-over-year growth to $72.3 million. The company also reported a net cash from operations of $34.3 million. The growth in recurring consumables business and services outperformance exceeded expectations. The companys CEO, Ronen Samuel, stated that 2020 was a transformative year for Kornit, with the textile industry hitting an inflection point. The company is entering 2021 with a strong backlog and visibility, and is planning to launch new products and expand into new market verticals.
Customers
growth-positive
Kornit partners with Turkish vendor Matset
The article discusses the benefits of subscribing to T.EVO, a publication by MCL Global that focuses on the rapid evolution of the textile sector. The subscription offers exclusive access to printed magazines, online content, technical news, interviews, and more. The key topics covered in T.EVO include polymer & fibre technology, functional innovations, digital and 3D textile printing, nanotechnology in textiles, and textile coloration. The article highlights MCL Global as the fastest growing international textile publisher, providing insights into the future of the industry. The impact on the company is growth-positive, as it positions MCL Global as a leading source of information and previews for the textile industry.
PartnersCustomers
growth-positive
Kevingston Increases Investment in Kornit Digital Systems, Installs Kornit Presto S to Supplement Thriving Direct-to-Garment Production MarketScreener
Kornit Digital, a leader in digital textile printing technology, has announced that Kevingston, an apparel and accessories brand based in Buenos Aires, Argentina, is implementing their Kornit Presto S system for single-step, roll-to-roll direct-to-fabric printing. Kevingston has experienced success with Kornits digital production technologies in the past and is now expanding their use to create a broader range of pieces. The adoption of Kornits technology allows Kevingston to quickly identify and produce popular items, reducing overstocks and minimizing markdowns. This agile approach to production aligns with the changing demands of consumers, particularly younger shoppers who prefer web-based, on-demand shopping. Kornit Digital is proud to support Kevingstons growth through efficient production on demand.
Customers
growth-positive
Kornit Digital jumps on launch of cloud platform
Kornit Digital has launched a cloud platform to accelerate the digital transformation of the textile industry. The companys share price rose 4.3% on Wall Street, resulting in a market cap of $3.6 billion. The new activity is based on the $17 million acquisition of UK company Custom Gateway. The CEO believes there is a huge opportunity for Kornit to build a significant incremental business and leverage the success of the acquisition. The CFO, Guy Avidan, will be replaced by former Orbotech CFO Alon Rozner.
PartnersManagement Changes
growth-positive
קורנית דיגיטל ממשיכה ליהנות מהקורונה ועוקפת התחזיות
Kornit Digital, an Israeli digital printing company, reported its financial results for Q3 2020, showing increased revenues and profits due to the COVID-19 pandemic, surpassing market predictions. The companys revenues stood at $57.4 million, a 21.3% increase compared to $47.3 million in the same quarter last year. The majority of the revenue came from the sale of machines and products, which increased by 13.8% compared to the same quarter last year, standing at $49.3 million. The rest of the revenue came from the service sector, which yielded $3.9 million, a 107.7% increase compared to the same period.
Customers
growth-positive
Kornit Digital Joins 2020 Innovate Textile & Apparel Virtual Trade Show
Kornit Digital is participating in the 2020 Innovate Textile & Apparel Virtual Trade Show, showcasing its latest capabilities for digital production in the textile and apparel industry. The company will exhibit its DTG systems, Kornit Presto, Softener solution, and range of available pallets. Kornit will also host live consultations and a seminar presentation during the event. The article highlights the benefits of web-based expositions in reaching a wider audience and leveraging digital capabilities for efficient and sustainable e-commerce. The impact on Kornit Digital is growth-positive as it provides an opportunity to showcase its products and engage with potential customers.
CustomersAcquisition
growth-positive
Amazon Expands Print-On-Demand With Kornit Deal
Amazon has committed to buying $400 million in products and services from Kornit Digital, an Israel-based manufacturer of printers. This deal is part of a larger public offering of shares by Kornit. Amazon already has a partnership with Kornit to power its Merch by Amazon services. The proceeds from Kornits portion of the stock sale will allow the company to pursue future acquisitions and enter new market segments. Amazon will also receive stock warrants entitling them to 3.1 million shares in the future. This deal will allow Amazon to expand its digitally printed offerings. Kornit had previously acquired Custom Gateway, a technology provider, to enhance their on-demand production business models.
PartnersInvestment
growth-positive
Kornit Digital buys UK co Custom Gateway
Kornit Digital, an Israeli digital textile printing company, has announced its financial results for the second quarter of 2020 and its acquisition of UK cloud-based software workflow solutions company Custom Gateway. The financial details of the acquisition were not disclosed, but market sources estimate that Kornit Digital is paying about $17 million for the British company. Kornit Digital also reported strong second quarter results, beating analysts expectations. The companys revenue was $37.4 million, down 17.4% from the corresponding quarter of 2019 but higher than the analysts expectations. Kornit Digitals share price rose 1.38% on Nasdaq to $54.45, giving a market cap of $2.23 billion.
Acquisition
growth-positive
Kornit Digital Introduces NeoPigment™ Robusto Softener Solution for Fashion on Demand
Kornit Digital, a global leader in digital textile printing technology, has announced the release of its new NeoPigment Robusto Softener solution for Presto. This solution is aimed at eliminating the gap between digital, pigment-based impressions and the fashion industry, particularly in terms of fabric feel. The new Softener solution is part of Kornits ongoing innovation strategy, aimed at making its technology the go-to solution for on-demand proximity production in the fashion world. The companys digital print solutions require minimal space and labor, and are GOTS and ECO PASSPORT by OEKO-TEX certified.
CustomersExpand
growth-positive
Kornit Digital Brings On-Demand Eco-Fashion Technology to Pure Origin
Kornit Digital Europe GmbH, a market leader in digital textile printing technology, will be exhibiting at the Pure Origin event to showcase its sustainable solutions for the fashion supply chain. The company aims to promote on-demand textile manufacturing in a profitable and environmentally friendly manner. Kornits single-step printing solution and water-based NeoPigment inks enable retailers to produce retail-quality impressions and become e-tailers. The companys value proposition aligns with the industrys demand for efficient and sustainable digital production methods. Kornit Digital will also be participating in other events throughout 2020 to address various industry segments.
Partners
growth-positive
Kornit Digital prices Nasdaq offering, to raise $119m
Kornit Digital plans to raise $119 million in a secondary offering at $27.50 per share. The company will use the funds for general business purposes, working capital, and future acquisitions. The underwriters for the offering are Citigroup, Goldman Sachs, Berkleys, William Blair, Stifel, Needham, and Craig-Hallum Capital Group. Kornit Digital previously raised $71 million in its IPO in 2015 and has held several secondary offerings since then. The companys share price has been positive this year despite a negative recommendation from investment concern Spruce. Kornit Digitals CEO, Ronen Samuel, stated that the companys business with strategic customers is better than ever.
Investment
growth-positive
Kornit Digital to raise $146m more on Nasdaq
Israeli company Kornit Digital plans to raise capital through a secondary share offering on Nasdaq. The offering will consist of 4.3 million new shares, with an option for underwriters to buy an additional 651,000 shares. The offering is expected to raise $146 million, which will be used for general business purposes, working capital, and future acquisitions. Kornit Digital had $124 million in cash and short-term investments as of the end of the first quarter. The underwriters for the offering are Citigroup, Goldman Sachs, Berkleys, William Blair, Stifel, Needham, and Craig-Hallum Capital Group. Kornit Digitals share price has been positive this year, rising 56.8%.
InvestmentPublic Trading
growth-positive
Kornit Digital demonstrated its latest ground-breaking solutions at Fespa Munich
Kornit Digital showcased its game-changing technology, including the Kornit Atlas and Kornit Avalanche Poly Pro, at Fespa 2019. The Kornit Atlas is designed for super-industrial garment decoration businesses, while the Kornit Avalanche Poly Pro offers high-quality printing on polyester. The company also displayed the Kornit Presto, a single-step solution for direct-to-fabric printing. Kornit aims to disrupt market segments and provide innovation to garment decorators and textile producers. Kornit Digital develops and manufactures industrial digital printing technologies for the garment, apparel, and textile industries.
CustomersPartners
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growth-positive
Kornit Digital to build NIS 62m Kiryat Gat plant
Kornit Digital is expanding its activity in Israel by building a new factory in Kiryat Gat, with an estimated investment of NIS 62 million. The new plant will produce ink for the companys systems and is expected to provide infrastructure for future growth. Kornit Digital aims to reach $500 million in sales within five years. The companys share price has risen 15% this year, pushing its market cap up to $751 million. The factory is set to begin operations in April 2020 and is projected to triple the companys current output.
Investment
growth-positive
Fortissimo sells remaining stake in Kornit Digital
Private equity firm Fortissimo Capital has sold its remaining shares in Kornit Digital, representing 9% of the companys share capital, for an estimated $70 million. This brings Fortissimos total proceeds from the sale of Kornit Digital shares to about $300 million, compared to their original investment of $19 million in 2011. Kornit Digital, an Israel-based company, produces digital printing systems for printing textiles and has a market cap of $767 million. Yuval Cohen, the chairman of Fortissimo Capital, will remain in his position at Kornit Digital after the share sale.
Investment
growth-positive
Fortissimo sells remaining stake in Kornit Digital
Private equity firm Fortissimo Capital has sold its remaining shares in Kornit Digital, resulting in a total profit of about $300 million. The original investment in 2011 was $19 million. Fortissimos proceeds on the sale of Kornit Digital shares over the years reached a total of about $300 million. Kornit Digital, an Israel-based company, produces digital printing systems for printing textiles and has a market cap of $767 million.
Investment
growth-negative
HP Veteran to Replace CEO of Israel-Based Industrial Printer Company Kornit
Ronen Samuel, former head of HP Indigo, will replace Gabi Seligsohn as the CEO of Kornit Digital Ltd. on August 1. Following the announcement, Kornits stock dropped 2.58%. Kornit is a Nasdaq-listed company that manufactures industrial inkjet printers for the garment industry. The company went public in 2015 and reported revenue of $31.1 million for Q1 2018, up 14.8% from the previous year. Kornit had signed a deal with Amazon to supply industrial printers for its T-shirt manufacturing and distribution service, but the deal has yet to be actualized. In a September filing, Kornit reported a revenue shortfall of $7 million to $10 million due to regulatory delays affecting a single customers scheduled delivery.
Management Changes
growth-positive
Kornit Digital Reports Strong Sales of New Industrial Printer
Kornit Digital Ltd., a maker of industrial inkjet printers for the garment industry, reported higher-than-expected revenue in the first quarter due to strong sales of its new product printer. The companys revenue was $31.1 million, up 14.8% from the previous year. Kornit Digital introduced a new digital textile printer in January that promises reduced ink consumption. The company also reported an increase in operating income and adjusted net income compared to the previous year. Kornit Digital forecasts revenue of $33.5 million to $37 million in the second quarter.
Customers
growth-positive
Avanprint USA Premieres Touting Digital's Accolades
Avanprint USA showcased the pioneers of digital textile and apparel printing, highlighting the industrys growth and potential. Digital printing currently represents about 5% of the print market but is growing at a 20% annual rate. The interest in digital printing is coming from various areas of the industry, including creative, production planning, cost effectiveness, and sustainability. The show provided companies in the space an opportunity to discuss their offerings with potential clients. Digital printing aligns with the Industry 4.0 concept, offering transparency and customization. It also supports the reshoring movement by reducing costs. Companies like Kornit Digital and EFI Reggiani are experiencing growth in the U.S. market due to the Central American Free Trade Agreement. Avanprint showcased the latest technologies and solutions in digital printing.
CustomersPartnersExpand
growth-negative
Kornit prices Nasdaq offering for $87.6m
Discount Capital Markets will earn NIS 60 million from its stake in Kornit Digital controlling shareholder Fortissimo Capital. Fortissimo Capital will sell 4.25 million Kornit shares, potentially earning $101 million. This is Fortissimos second successful sale of shares in Kornit this year. Israel Discount Bank is a major investor in Fortissimo and is expected to earn NIS 60 million from the sale. Discount Banks investment arm, Discount Capital Markets, has already earned NIS 75 million in revenue from the sale of investments. The bank is accumulating nearly NIS 200 million in revenue from investment sales in 2017.
Investment
growth-positive
Kornit refreshes Avalanche range with recirculating ink system addition
Kornit Digital has upgraded its Avalanche direct-to-garment printer range by adding a recirculating ink system. The new R-Series models optimize print quality and ink efficiency, enabling faster system availability. The upgraded versions are critical improvements to a strategic product for Kornits mass-customization customers. The R-Series models are commercially available and have replaced the current Avalanche systems. Users of the existing printers can upgrade their machines to take advantage of the new capabilities. The machines cost just under €400,000. Kornits equipment is available in the UK through distributors Adelco and Sabur Ink Systems.
Partners
growth-positive
Amazon Chooses Israeli Company Kornit For Its New On Demand T-Shirt Printing Business
Amazon has chosen Israeli digital printing company Kornit for its Merch program, which allows anyone to design and print t-shirts. Kornits high-productivity digital apparel printing technology called Avalanche 1000 was the reason for the selection. Kornit, founded in 2003, is the worlds biggest seller of direct to garment printing systems.
Partners
growth-positive
Kornit Digital's Avalanche 1000 Chosen by Amazon
Kornit Digitals flagship high-productivity system, the Avalanche 1000, has been chosen by Amazon for the on-demand production of promotional textiles as part of its Merch by Amazon program. Kornit Digital has been a long-term partner of Amazons Texas-based facility, which has added multiple new Avalanche 1000 units to support Merch by Amazon. Kornit will build additional systems to handle the growing production needs. The partnership with Amazon is seen as a growth-positive move for Kornit Digital.
PartnersCustomers
growth-positive
Kornit Digital jumps 40% after Nasdaq IPO
Kornit Digital, an Israeli digital textiles printing solutions company, completed its Nasdaq IPO. The company had to cut its offering price to $10 per share, raising $71 million. However, the share price soared 40% on the first day of trading, reaching $14. This increase in share price brought the total money raised to the planned $100 million, giving the company a value of $402 million. Fortissimo Capital, which owned 69.6% of Kornit before the IPO, saw its holding diluted to 52.4%. Kornits solution aims to revolutionize the textile industry by transitioning from analog to digital production methods. The company is headquartered in Israel with offices in the US, Germany, and Hong Kong.
Public Trading
Kornit Digital Team
Employee Info
| Employees (range) | 500+ |
| Exact count | 746 |
| Team members | 8 |
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Admin Info
| Confidence | 101/100 |
| Missing | markets |
| BI Verification | Natalia Golczar |
| Registrar ID | 513846758 |
| Crunchbase | kornit-digital |
| Phone | +97239085800 |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-06-04T00:00:00.000Z |
| Created | 2014-07-15T00:00:00.000Z |
| Status detail | Public on NASDAQ on May, 2015; |