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Kornit Digital Ltd. (symbol: KRNT) is a pioneering force in the global textile printing industry. Established in 2003, the company develops, manufactures, and markets innovative industrial and commercial solutions for the garment, apparel, and fabric sectors. With a strong commitment to digital textile printing, Kornit Digital leads the market with its integrated pretreatment solutions and unique NeoPigment™ inks, addressing the diverse needs of both designers and manufacturers.
Kornit's expertise in direct-to-garment (DTG) printing is revolutionizing the roll fabric industry by enabling high-quality printing on various fabric types using a single ink set. The company offers a wide range of digital printing systems, inks, consumables, software, and value-added services that facilitate large-scale printing of intricate designs directly onto finished garments and fabrics. This comprehensive approach not only enhances efficiency but also supports sustainability by reducing inventories and promoting nearshore production.
Headquartered in Israel with offices across the United States, Asia-Pacific, Europe, and India, Kornit Digital serves customers in over 100 countries. The U.S. remains the primary revenue source, underscoring the company's significant presence in the region. Kornit Digital's solutions are designed to reduce time-to-market, improve production capabilities, and foster eco-friendly practices within the textile industry.
Recent achievements include the expansion of their product lines and the establishment of strategic partnerships aimed at enhancing their technological offerings. Kornit continues to innovate, ensuring they meet the evolving demands of the textile printing market. The company’s financial health remains robust, driven by consistent revenue from system sales, consumables, and service subscriptions.
Stay updated with Kornit Digital's latest news and developments by joining the Kornit-Digital group or visiting their website at www.kornit.com.
Kornit Digital (Nasdaq: KRNT), a leader in sustainable, on-demand digital fashion and textile production technologies, has announced its second quarter 2024 earnings release date. The company will disclose its financial results for the quarter ending June 30, 2024, on Wednesday, August 7, before the market opens. An earnings conference call and webcast will follow at 8:30 am ET on the same day.
Interested parties can access the live broadcast through Kornit's website in the 'Investors' section. For those unable to attend, a replay will be available on the company's website and via dial-in until August 21, 2024. This announcement provides investors and analysts with a clear timeline for accessing Kornit's latest financial performance data and insights into its operations.
Kornit Digital, a leader in digital fashion and textile production technologies, will be participating in the William Blair 44th Annual Growth Stock Conference on June 5, 2024. Representing the company will be CEO Ronen Samuel and Global Head of Investor Relations & Strategic Finance Jared Maymon. They will deliver a presentation at 10:20 am ET, which will be webcast live and available for replay on Kornit’s investor relations website.
Kornit Digital reported first quarter revenues of $43.8 million, meeting previous guidance. The company experienced a GAAP net loss of $13.2 million, with a non-GAAP net loss of $5.3 million. Kornit generated positive cash flow from operations and concluded the Apollo beta successfully with customers. They saw significant interest in the all-inclusive click model and are committed to transitioning to sustainable, on-demand digital production globally.
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