Latest news with #KRNT
Yahoo
23-07-2025
- Business
- Yahoo
Kornit Digital Sets Second Quarter 2025 Earnings Release Date and Webcast
ROSH-HA`AYIN, Israel, July 23, 2025 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (NASDAQ: KRNT) ('Kornit' or the 'Company'), a global pioneer in sustainable, on-demand, digital fashion and textile production technologies, announced today that it will release its financial results for the second quarter ended June 30, 2025 on Wednesday, August 6, prior to the market open. The Company will host an earnings conference call and webcast reviewing these results and its operations on Wednesday, August 6, 2025 at 8:30 am ET. This conference call will be broadcast live and can be accessed by all interested parties through Kornit's website, in the "Investors" section. The dial-in information for the live call is: Live Call: 1-800-579-2543 or 1-785-424-1789Israel Troll Free: 180-925-6145Conference ID: KORNITA replay of the call will be archived on the Company's website. Alternatively, the replay can be accessed via dial-in, available approximately three hours after the completion of the live call until 11:59 pm ET on August 20, 2025. Replay: 1-844-512-2921 or 1-412-317-6671Replay ID: 11159631 About Kornit Digital Kornit Digital (NASDAQ: KRNT) is a worldwide market leader in sustainable, on-demand, digital fashion, and textile production technologies. The company offers end-to-end solutions including digital printing systems, inks, consumables, software, and fulfillment services through its global fulfillment network. Headquartered in Israel with offices in the USA, Europe, and Asia Pacific, Kornit Digital serves customers in more than 100 countries and states worldwide. To learn more about how Kornit Digital is boldly transforming the world of fashion and textiles, visit Investor Contact:Jared MaymonGlobal Head of Investor Relations & Strategic
Yahoo
15-05-2025
- Business
- Yahoo
Kornit Digital Ltd (KRNT) Q1 2025 Earnings Call Highlights: Strong Revenue Performance Amid ...
Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Kornit Digital Ltd (NASDAQ:KRNT) met its Q1 2025 revenue expectations with $46.5 million and an adjusted EBITDA margin of 8.4%, demonstrating strong financial performance. The company generated positive cash flow from operations, highlighting the strength of its business model and disciplined execution. Kornit Digital Ltd (NASDAQ:KRNT) is well-positioned to benefit from the apparel industry's shift towards on-demand, local production, driven by changing consumer demands and trade policy developments. The Apollo system has been successfully adopted, showing strong growth in impressions and replacing traditional screen printing methods, which indicates a significant market opportunity. The company's AIC model has reached $14.5 million in annual recurring revenue, validating its strategy of emphasizing recurring revenue streams. Macro conditions have delayed some planned system purchases in Q1, indicating potential challenges in the sales cycle. The company faces uncertainties due to evolving trade policies, which could impact costs and operations. Service revenue declined year over year due to fewer upgrades of the Atlas Max, partially offset by upgrades to Max Plus with lower average selling prices. The company anticipates a negative adjusted EBITDA margin in the range of -4% to 4% for Q2 2025, reflecting ongoing challenges. A major Apollo customer delayed their purchase, which could impact the company's ability to meet its target of delivering 30 Apollo systems this year. Warning! GuruFocus has detected 2 Warning Signs with KRNT. Q: What are you seeing from customers given recent changes in tariffs and trade supply chains? A: Ronan Samuel, CEO: The fashion textile market is undergoing significant disruption, with consumers demanding instant gratification, variety, and fast delivery. Traditional mass production models in low-cost countries are becoming obsolete, leading to waste and inventory issues. Recent tariffs and trade changes are accelerating the shift towards local manufacturing. Brands and retailers are actively seeking to connect with local manufacturers to remain relevant and reduce inventory. Kornit is playing a key role in this transition, with technology like Apollo enabling mass production and attracting new customers, particularly screen printers entering digital for the first time. Q: Can you discuss the Apollo placement number for the year versus previous expectations for 30 systems? A: Ronan Samuel, CEO: Feedback on Apollo has been overwhelmingly positive, with customers seeing it as a game-changer in terms of quality, automation, and cost. The pipeline is strong, primarily with new customers from the screen printing market. We still expect to deliver approximately 30 Apollo systems this year, despite some delays from customers planning multiple system purchases. The pipeline is filled with new and existing customers, and we remain optimistic about Apollo's future. Q: Can you unpack the ARR number for AIC and provide context on its growth? A: Ronan Samuel, CEO: The ARR of $14.5 million is a mix of Apollo and Atlas systems, exceeding expectations. The pipeline for AIC is strong, with more deliveries expected in Q2 and beyond. The ARR reflects minimum annual volume commitments, and we anticipate significant growth in AIC revenue, contributing to stronger performance in the second half of 2025. Q: How long should we expect for the catalysts like the shift to on-demand and closing the de minimis loophole to play out? A: Ronan Samuel, CEO: While some growth is short-term, such as Apollo's impact on mass production, major brands are undergoing pilots and starting small before scaling. We expect some benefits in H2 2025, with more significant impacts in 2026 as brands leverage on-demand production and technology. Q: Are there any differences in how direct sales and the AIC model are impacted by tariffs? A: Laurie Hanover, CFO: For tariff purposes, the price at which products are sold from Israel to the US subsidiary is what matters, not whether it's a direct sale or AIC. The price is on a cost-plus basis, and parts manufactured in the US are excluded. We expect only a modest impact on cost of goods sold from tariffs. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Kornit Digital: Q1 Earnings Snapshot
ROSH-HAAYIN, Israel (AP) — ROSH-HAAYIN, Israel (AP) — Kornit Digital Ltd. (KRNT) on Wednesday reported a loss of $5.1 million in its first quarter. On a per-share basis, the Rosh-Haayin, Israel-based company said it had a loss of 11 cents. Earnings, adjusted for one-time gains and costs, came to 1 cent per share. The digital textile printer posted revenue of $46.5 million in the period. For the current quarter ending in June, Kornit Digital said it expects revenue in the range of $49 million to $55 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on KRNT at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
San Francisco Chronicle
14-05-2025
- Business
- San Francisco Chronicle
Kornit Digital: Q1 Earnings Snapshot
ROSH-HAAYIN, Israel (AP) — ROSH-HAAYIN, Israel (AP) — Kornit Digital Ltd. (KRNT) on Wednesday reported a loss of $5.1 million in its first quarter. On a per-share basis, the Rosh-Haayin, Israel-based company said it had a loss of 11 cents. Earnings, adjusted for one-time gains and costs, came to 1 cent per share. The digital textile printer posted revenue of $46.5 million in the period. For the current quarter ending in June, Kornit Digital said it expects revenue in the range of $49 million to $55 million.
Business Insider
09-05-2025
- Business
- Business Insider
Analysts Offer Insights on Industrial Goods Companies: Kornit Digital (KRNT) and ZipRecruiter (ZIP)
There's a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Kornit Digital (KRNT – Research Report) and ZipRecruiter (ZIP – Research Report) with bullish sentiments. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Kornit Digital (KRNT) William Blair analyst Brian Drab maintained a Buy rating on Kornit Digital yesterday. The company's shares closed last Thursday at $19.18. According to Drab is a 4-star analyst with an average return of 17.9% and a 65.0% success rate. Drab covers the Industrial Goods sector, focusing on stocks such as Donaldson Company, Generac Holdings, and nVent Electric. Currently, the analyst consensus on Kornit Digital is a Strong Buy with an average price target of $29.60. ZipRecruiter (ZIP) In a report released yesterday, Ralph Schackart from William Blair maintained a Buy rating on ZipRecruiter. The company's shares closed last Thursday at $5.71, close to its 52-week low of $5.26. ZipRecruiter has an analyst consensus of Hold, with a price target consensus of $7.60.
