Kornit Digital Stock Price, News & Analysis

Kornit Digital (Nasdaq: KRNT) announced that Printful will expand its global fulfillment capacity by adding more than 50 Kornit Atlas systems in 2021. This expansion is part of Printful's strategy to enhance direct-to-garment production capabilities. Printful, recognized for significant revenue growth of 441% and over $722 million in goods sold, aims to fulfill consumer demands for customization and sustainable practices. Kornit supports Printful's growth with its advanced technology, as both companies capitalize on the increasing e-commerce demand.

Kornit Digital (NASDAQ: KRNT) announced the Kornit Fashion Week Tel Aviv 2021, running from March 28 to April 1. This event, celebrating its 10th anniversary, emphasizes sustainable fashion through a collaboration between technology and creativity. Over 30 leading designers will showcase collections utilizing Kornit’s innovative printing technology. The event supports an ‘on-demand’ production model that minimizes waste. Notably, eight emerging designers will present their work, funded by a significant grant. The week is set to feature various fashion showcases, emphasizing inclusivity and sustainability in the industry.

Kornit Digital (NASDAQ: KRNT) announced the installation of its Kornit Presto S at Creazioni Digitali, a printing service for high-end fashion, enhancing sustainable pigment-based production. This direct-to-fabric technology reduces water usage and offers efficient, eco-friendly printing options. Creazioni Digitali is set to leverage this technology for growth, aligning with sustainability goals in the fashion industry. The installation symbolizes Kornit’s commitment to innovation within textile printing, ensuring high-quality outputs with minimal environmental impact.

Kornit Digital Ltd. (NASDAQ: KRNT) reported a record fourth quarter for 2020, achieving 49% year-over-year revenue growth to $72.3 million. The net cash from operations was a strong $34.3 million. Non-GAAP operating profit was $11.8 million, highlighting significant operational efficiency. For the full year, revenue reached $193.3 million, despite a GAAP net loss of $4.8 million. CEO Ronen Samuel stated that the textile industry is undergoing a digital transformation, positioning Kornit for continued growth and innovation in 2021.

Kornit Digital (Nasdaq: KRNT) announces Kornit Fashion Week in Tel Aviv, March 28 – April 1, 2021, featuring over 40 leading fashion designers. The event focuses on sustainable practices through technological collaboration, addressing significant issues such as water pollution from traditional manufacturing. Kornit's innovative, eco-friendly processes support on-demand production to minimize waste and enhance sustainability in fashion. CEO Ronen Samuel highlights the company's commitment to advancing sustainable, profitable production methods that respond to changing market demands.

Kornit Digital (Nasdaq: KRNT) will release its fourth quarter and full year earnings results for the period ending December 31, 2020, on February 16, 2021, post-market closure. A conference call will follow at 5:00 PM ET for management to discuss the financial results.

Look for insights on Kornit's performance in industrial digital printing technologies for textiles, addressing its complete solutions including digital printing systems and eco-friendly technologies.

Kornit Digital (Nasdaq: KRNT) announced its participation in two upcoming virtual conferences. The Citi 2021 Global TMT West Virtual Conference is scheduled for January 5, 2021, at 11:00 am ET, while the 23rd Annual Needham Virtual Growth Conference will take place on January 14, 2021, at 10:45 am ET. Both presentations will be accessible via live audio webcast and archived on Kornit’s investor relations website.

Kornit specializes in digital printing technologies for textiles, offering eco-friendly solutions for garment printing.

Kornit Digital has partnered with Argentinian apparel brand Kevingston to implement the Kornit Presto S system for direct-to-fabric printing, enhancing production efficiency. This development follows Kevingston's successful use of the Kornit Avalanche HD6 for on-demand garment production. With 140 stores in Argentina, Kevingston aims to adapt quickly to consumer trends and minimize unsold inventory, leveraging Kornit's eco-friendly NeoPigment inks. This collaboration highlights the shift towards agile, demand-driven production in the textile industry.

Kornit Digital (NASDAQ: KRNT) announced its participation in the Barclays Global Technology, Media and Telecommunications Conference on December 9, 2020. The company will present virtually at 9:00 am ET, with a live audio webcast available on its investor relations website. Kornit Digital specializes in industrial digital printing technologies for the textile industry, offering innovative solutions like the eco-friendly NeoPigment printing process and services for on-demand production. Founded in 2002, Kornit serves over 100 countries worldwide.