Kornit Digital Stock Price, News & Analysis

Kornit Digital (NASDAQ: KRNT) will release its financial results for Q3 2021 on November 10, 2021, before market open. An earnings conference call will follow at 8:30 AM ET, with live access through Kornit's website. The call will be available for replay for a limited time. Kornit Digital is a leader in sustainable digital textile production technologies, supporting customers globally through comprehensive workflow and fulfillment solutions.

Kornit Digital (NASDAQ: KRNT) released its inaugural 2020 Impact and ESG Report, outlining its commitment to sustainability and eco-friendly practices in the fashion industry. The report highlights Kornit’s innovations that significantly reduce water usage by up to 95% and energy consumption by 94% compared to traditional methods. By 2026, the company aims to produce 2.5 billion apparel items sustainably, eliminating overproduction of approximately 1.1 billion items and saving 4.3 trillion liters of water. Kornit emphasizes its dedication to creating a diverse and responsible corporate culture.

Kornit Digital Ltd. (NASDAQ: KRNT) announced a collaboration with fashion designers threeASFOUR during New York Fashion Week.

The new collection, KUNDALINI, highlights Kornit's innovative
sustainable, on-demand textile production technologies. The collection was created using Kornit's MAX technology, allowing rapid production and reducing waste significantly.

This partnership emphasizes Kornit's commitment to eco-conscious fashion, showcasing their role as a leader in sustainable production practices.

Kornit Digital (NASDAQ: KRNT) announced participation in the Citi 2021 Global Technology Virtual Conference on September 14, 2021, at 8:50 am EDT. Management will engage in a fireside chat and one-on-one meetings, with the chat available via live audio webcast and archived replay on their investor relations website.

As a leader in digital textile production technologies, Kornit Digital focuses on sustainable, on-demand solutions, serving customers in over 100 countries worldwide. More details can be found on kornit.com.

Kornit Digital reported a remarkable second quarter of 2021, achieving 118% year-over-year revenue growth to $81.7 million, with a GAAP operating profit of $6.1 million and non-GAAP operating profit of $10.2 million. All geographic regions demonstrated strong growth. The company launched its Atlas Max product after successful beta testing and announced the acquisition of Voxel8 to enhance its 4.0 strategy for digitizing on-demand textile production. Kornit expects third-quarter revenue between $88 million and $92 million, signaling substantial confidence in future performance.

Kornit Digital Ltd. (NASDAQ: KRNT) has acquired all assets of Voxel8, a leader in additive manufacturing technology for textiles, enhancing its digital textile production capabilities. This acquisition is expected to accelerate Kornit’s 4.0 strategy for sustainable, on-demand textile production. Voxel8’s technology will allow for innovative decorative and functional textile applications, enabling integration with established brands. Kornit aims to disrupt the fashion industry and explore new opportunities in footwear and functional apparel markets.

Kornit Digital (Nasdaq: KRNT) has announced a partnership with Canva, enhancing global fulfillment of print orders from Canva’s design platform. Kornit X, Kornit’s operating system, will enable Print Service Providers to integrate Canva’s tools for quick personalized product creation. This collaboration aims to meet the growing demand for customized textile designs, leveraging Kornit’s fulfillment network. Currently, Canva serves over 55 million users worldwide, showcasing a significant market opportunity for both companies.

Kornit Digital (Nasdaq: KRNT) will release its financial results for the second quarter on August 10, 2021, before the market opens. The company will host a conference call and webcast at 8:30 am ET to discuss these results and its operations. The live call can be accessed toll-free at 1-877-407-0792 in the US and 1-201-689-8263 internationally. A replay will be available post-call. Kornit Digital specializes in industrial digital printing technologies for textiles, aiming to meet modern textile printing needs with its eco-friendly solutions.

Kornit Digital (KRNT), a leader in digital textile printing, has appointed Andrew G. Backman as the Global Head of Investor Relations, effective June 30, 2021. Backman brings over 20 years of experience in investor relations from high-growth technology firms. His role will focus on enhancing the company’s investor relations across various global regions. CEO Ronen Samuel emphasized Backman's extensive background as pivotal for advancing Kornit's long-term growth initiatives in the digital transformation of the textile industry.