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Kornit Digital Ltd. - $KRNT STOCK NEWS

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

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Rhea-AI Summary

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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-8.94%
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Rhea-AI Summary
Kornit Digital announced the release of its financial results for the first quarter of 2024 on May 8, 2024. The company, a leader in sustainable digital fashion and textile production technologies, will host an earnings conference call and webcast to discuss the results and operations. Investors and interested parties can access the live call through Kornit's website. A replay will be available for those who miss the live call.
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-0.32%
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Kornit Digital releases its annual report for 2023, showcasing strong financial performance and sustainable technology leadership.
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-3.47%
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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.
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0.87%
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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.
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11.85%
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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.
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0.29%
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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.
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7.05%
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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%.
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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.
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4.4%
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Kornit Digital announces its success at ITMA Milan 2023 and introduces digital supply chain solutions at PRINTING United Expo 2023.
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0.86%
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Kornit Digital Ltd.

Nasdaq:KRNT

KRNT Rankings

KRNT Stock Data

690.73M
43.23M
0.1%
102.25%
2.04%
Printing Machinery and Equipment Manufacturing
Manufacturing
Link
United States of America
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