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Kornit Digital Ltd - KRNT STOCK NEWS

Welcome to our dedicated news page for Kornit Digital (Ticker: KRNT), a resource for investors and traders seeking the latest updates and insights on Kornit Digital.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kornit Digital's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kornit Digital's position in the market.

Rhea-AI Summary
Kornit Digital showcases innovative solutions at FESPA Global Print Expo 2024, including Atlas MAX PLUS and MAX Transfer, revolutionizing digital fashion and textile production. The company continues to lead in sustainability, quality, and creativity, offering enhanced opportunities for brands and retailers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
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none
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Rhea-AI Summary
Kornit Digital Ltd. reported fourth quarter revenues of $56.6 million, achieving breakeven adjusted EBITDA and positive operating cash flow. The company launched the Apollo platform for general commercial use and expects modest revenue growth for 2024. Despite challenges in 2023, Kornit focused on diversifying its customer base and improving operating efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.85%
Tags
earnings
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Rhea-AI Summary
Kornit Digital LTD. (NASDAQ: KRNT) announced the commercial availability of its field proven Kornit Apollo direct-to-garment platform. The system can annually decorate over 1.5 million garments with a single operator, integrating versatile smart drying and managing various garment types with a proficiency of up to 400 garments per hour. Successful field implementations underscore the transformative nature of Apollo for on-demand sustainable production at industrial scale. The platform is extremely flexible, with the ability to scale on-demand and handle both bulk and one-offs. The patented MAX technology ensures color accuracy to PANTONE© and spot colors, elevating the quality to its maximum. Retailers and brands benefit from the agility to react in real-time to new trends while streamlining inventory requirements and costs. Screen printers shorten lead times to days and even hours with superior productivity and sustainable production, eliminating waste while leveraging synergies across analog and digital approaches.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
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none
Rhea-AI Summary
Kornit Digital Ltd. announced the release of its financial results for the fourth quarter and full year ended December 31, 2023, on February 14, 2024. The company will host an earnings conference call and webcast to review the results and operations on the same day, accessible through its website. The dial-in information for the live call and replay details are provided in the press release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.05%
Tags
earnings
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Rhea-AI Summary
Kornit Digital Ltd. (KRNT) reports Q3 revenues of $59.2 million, in line with guidance. GAAP net loss of $8.2 million; non-GAAP net loss of $3.4 million. System sales increased quarter-over-quarter. Company operations in Israel remain stable. Q4 revenue expected to be $55-60 million. Adjusted EBITDA margin between -6% to 0%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.42%
Tags
earnings
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Rhea-AI Summary
Kornit Digital Ltd. will release its financial results for Q3 2023 on November 8, 2023. The company will host an earnings conference call and webcast to review the results and operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.4%
Tags
earnings
Rhea-AI Summary
Kornit Digital announces its success at ITMA Milan 2023 and introduces digital supply chain solutions at PRINTING United Expo 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.86%
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none
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Rhea-AI Summary
Kornit Digital to conduct one-on-one meetings at Citi's Global Technology Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.94%
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conferences
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Rhea-AI Summary
Kornit Digital issues Impact Report for 2022, highlighting progress in sustainability and diversity goals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-20.61%
Tags
earnings
Rhea-AI Summary
Kornit Digital Ltd. (Nasdaq: KRNT) reported second quarter revenues of $56.2 million, in line with previous guidance. The company issued third-annual Impact Report highlighting progress on its long-term impact strategy and reaffirming commitment to a more sustainable fashion and textiles industry. The successful ITMA tradeshow in Milan secured high-quality leads and provided a healthy pipeline for 2024 and beyond. Despite lower systems revenues, Kornit's double-digit year-over-year impressions and consumables growth across all regions are driving steady improvement in capacity utilization and strong revenue growth. The company expects revenues for the third quarter of 2023 to be in the range of $58 million to $62 million, with an adjusted EBITDA margin between -6% to -13% of revenue.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-20.61%
Tags
earnings
Kornit Digital Ltd

Nasdaq:KRNT

KRNT Rankings

KRNT Stock Data

891.10M
43.87M
0.09%
99.44%
2.3%
Printing Machinery and Equipment Manufacturing
Manufacturing
Link
Israel
12 Ha Amal St Afek Park

About KRNT

kornit digital develops, manufactures and markets industrial and commercial solutions for the garment, apparel and fabric industry. leading the digital textile industry with its integrated pretreatment solution and its neopigment ™ inks, it directly caters to the needs of both designers and manufacturers. with its immense experience in the direct to garment industry, it is revolutionizing the roll fabric industry by enabling printing with one ink set on all kinds of fabrics. founded in 2003, kornit digital is a global company with offices in the united states, asia pacific, europe and india and serves customers in more than 100 countries worldwide. join the kornit-digital group and stay up to date with recent news and developments. for more information on any of our direct to garment solutions, visit our website at http://www.kornit.com