KRNT

Kornit Digital Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 14, 2024

GAAP gross profit margin for the fourth quarter of 2023 was 25.8% compared with 33.7% in the prior year period.

Key Points: 
  • GAAP gross profit margin for the fourth quarter of 2023 was 25.8% compared with 33.7% in the prior year period.
  • GAAP operating expenses for the fourth quarter of 2023 were $42.4 million compared with $38.1 million in the prior year period.
  • Adjusted EBITDA for the fourth quarter of 2023 was $0.2 million compared with adjusted EBITDA loss of $6.1 million for the fourth quarter of 2022.
  • Adjusted EBITDA margin for the fourth quarter of 2023 was 0.3% compared with -9.6% for the fourth quarter of 2022.

Kornit Digital Delivers on Promise of On-Demand Production at Scale with General Availability of Apollo Platform

Retrieved on: 
Monday, January 29, 2024

ROSH-HA`AYIN, Israel, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ: KRNT) (“Kornit” or the “Company”), a worldwide market leader in sustainable, on-demand digital fashionx and textile production technologies, today announced general availability of its field proven Kornit Apollo direct-to-garment platform.

Key Points: 
  • ROSH-HA`AYIN, Israel, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ: KRNT) (“Kornit” or the “Company”), a worldwide market leader in sustainable, on-demand digital fashionx and textile production technologies, today announced general availability of its field proven Kornit Apollo direct-to-garment platform.
  • Successful field implementations underscore the transformative nature of Apollo for on-demand sustainable production at industrial scale.
  • “First announced last year, Apollo came with the promise of transforming a legacy industry that was far too complex and slow.
  • With successful implementations at such high-profile customers, it’s clear Apollo is delivering on its promise.”
    To learn more about Kornit Apollo and how the solution is transforming the industry, please visit our Kornit Apollo page .

Kornit Digital Sets Fourth Quarter and Full Year 2023 Earnings Release Date and Webcast

Retrieved on: 
Monday, January 29, 2024

ROSH HA’AYIN, Israel, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or “The Company”) (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, announced today that it will release its financial results for the fourth quarter and full year ended December 31, 2023, on Wednesday, February 14, 2024, prior to the market open.

Key Points: 
  • ROSH HA’AYIN, Israel, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or “The Company”) (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, announced today that it will release its financial results for the fourth quarter and full year ended December 31, 2023, on Wednesday, February 14, 2024, prior to the market open.
  • The Company will host an earnings conference call and webcast reviewing these results and its operations on Wednesday, February 14th at 8:30 am ET.
  • This conference call will be broadcast live and can be accessed by all interested parties through Kornit’s website, www.kornit.com , in the "Investors" section.
  • The dial-in information for the live call is:

Kornit Digital Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 8, 2023

Third quarter revenues of $59.2 million, in line with previous guidance

Key Points: 
  • Third quarter revenues of $59.2 million, in line with previous guidance
    Third quarter GAAP net loss of $8.2 million; non-GAAP net loss of $3.4 million
    ROSH-HA'AYIN, Israel, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or the “Company”) (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, reported today its results for the third quarter ended September 30, 2023.
  • GAAP gross profit margin for the third quarter of 2023 was 34.8% compared with 32.1% in the prior year period.
  • Adjusted EBITDA loss for the third quarter of 2023 was $5.6 million compared with adjusted EBITDA loss of $10.5 million for the third quarter of 2022.
  • Adjusted EBITDA margin for the third quarter of 2023 was -9.5% compared with -15.7% for the third quarter of 2022.

Kornit Digital Sets Third Quarter Earnings Release Date and Webcast

Retrieved on: 
Monday, October 23, 2023

ROSH HA’AYIN, Israel, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or “The Company”) (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, announced today that it will release its financial results for the third quarter ended September 30, 2023, on Wednesday, November 8, 2023, prior to the market open.

Key Points: 
  • ROSH HA’AYIN, Israel, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or “The Company”) (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, announced today that it will release its financial results for the third quarter ended September 30, 2023, on Wednesday, November 8, 2023, prior to the market open.
  • The Company will host an earnings conference call and webcast reviewing these results and its operations on Wednesday, November 8th at 8:30 am ET.
  • This conference call will be broadcast live and can be accessed by all interested parties through Kornit’s website, www.kornit.com , in the "Investors" section.
  • The dial-in information for the live call is:

Kornit Digital Delivers on Vision of Transforming Industry to On-Demand Sustainable Fashion and Textiles at PRINTING United Expo 2023

Retrieved on: 
Wednesday, October 18, 2023

ATLANTA, Oct. 18, 2023 (GLOBE NEWSWIRE) -- PRINTING United Expo 2023 – Kornit Digital LTD. (NASDAQ: KRNT) (“Kornit” or the “Company”), a worldwide market leader in sustainable, on-demand digital fashionx and textile production technologies, announced today the Company is taking its unprecedented success at ITMA Milan 2023 one step further at PRINTING United Expo 2023 – closing the gap brands encounter from broken fulfillment ecosystems by introducing digital supply chain solutions. The Company will also feature exclusive sessions with customers Mad Engine Global LLC and Augusta Sportswear – demonstrating the transformative effectiveness of on-demand, short-run, sustainable digital production.

Key Points: 
  • “The fashion and textile industry is changing at unprecedented speeds, and brands and fulfillers must adapt now or fall behind.
  • Since then, our on-demand, digital production portfolio has helped transform real customer challenges into new opportunities.
  • The technology now brings new capabilities for printing direct-to-polyester with vibrant unmatched colors, even neon, in the most sustainable way possible.
  • To take part in Kornit’s display and experience the excitement, please visit Kornit Digital at PRINTING United Expo 2023, October 18 – 20 at the Georgia World Congress Center in Booth #C1322.

Kornit Digital to Participate in Citi's 2023 Global Technology Conference

Retrieved on: 
Tuesday, September 5, 2023

ROSH-HA'AYIN, Israel, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or “the Company”) (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, announced today that the Company will conduct one-on-one meetings at Citi’s 2023 Global Technology Conference.

Key Points: 
  • ROSH-HA'AYIN, Israel, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or “the Company”) (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, announced today that the Company will conduct one-on-one meetings at Citi’s 2023 Global Technology Conference.
  • Kornit Digital’s Global Head of Investor Relations, Jared Maymon, will host one-on-one meetings with investors on Friday, September 8th, 2023, at The New York Hilton Midtown.
  • Interested investors should contact their Citi representative directly to schedule a meeting.

Kornit Digital Further Demonstrates Commitment to More Sustainable Fashion and Textile Industry with Release of Third-Annual Impact Report

Retrieved on: 
Wednesday, August 9, 2023

This third-annual report reinforces Kornit’s 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.

Key Points: 
  • This third-annual report reinforces Kornit’s 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.
  • “As a change-maker and leader in fashion and textiles, we take our responsibility seriously to foster an industry that is cleaner and safer, as well as one that is more responsible and diverse,” said Ronen Samuel, Chief Executive Officer at Kornit Digital.
  • “We consider ourselves an agent of long-term industry-wide change by enabling our customers to be more sustainable, while also minimizing the social and environmental impact of our operations.
  • The Kornit 2022 Impact Report reflects this commitment to transforming the industry and creating a brighter future for the planet and the people who inhabit it.”
    Download the 2022 Impact Report today.

Kornit Digital Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 9, 2023

Second quarter revenues of $56.2 million, in line with previous guidance

Key Points: 
  • Second quarter revenues of $56.2 million, in line with previous guidance
    Second quarter GAAP net loss of $14.3 million; non-GAAP net loss of $7.4 million
    Successful ITMA tradeshow in Milan, Italy, securing high-quality leads and providing a healthy pipeline for 2024 and beyond
    ROSH-HA`AYIN, Israel, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or “the Company”) (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, reported today its results for the second quarter ended June 30, 2023.
  • GAAP net loss for the second quarter of 2023 was $14.3 million, or ($0.29) per basic share, compared with net loss of $19.5 million, or ($0.39) per basic share, for the second quarter of 2022.
  • Adjusted EBITDA loss for the second quarter of 2023 was $10.7 million compared with adjusted EBITDA loss of $15.7 million for the second quarter of 2022.
  • Adjusted EBITDA margin for the second quarter of 2023 was -19.1% compared with -27.1% for the second quarter of 2022.

Kornit Digital Sets Second Quarter Earnings Release Date and Webcast

Retrieved on: 
Monday, July 24, 2023

ROSH HA’AYIN, Israel, July 24, 2023 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or “The Company”) (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, announced today that it will release its financial results for the second quarter ended June 30, 2023, on Wednesday, August 9, 2023, prior to the market open.

Key Points: 
  • ROSH HA’AYIN, Israel, July 24, 2023 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or “The Company”) (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, announced today that it will release its financial results for the second quarter ended June 30, 2023, on Wednesday, August 9, 2023, prior to the market open.
  • The Company will host an earnings conference call and webcast reviewing these results and its operations on Wednesday, August 9th at 8:30 am ET.
  • This conference call will be broadcast live and can be accessed by all interested parties through Kornit’s website, www.kornit.com , in the "Investors" section.