Welcome to our dedicated page for Kornit Digital news (Ticker: KRNT), a resource for investors and traders seeking the latest updates and insights on Kornit Digital stock.
Kornit Digital Ltd. (NASDAQ: KRNT) is a manufacturing company focused on digital printing machinery and equipment for the global fashion and textile sectors. The company describes itself as a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, offering digital printing systems, inks, consumables, software and fulfillment services through a global fulfillment network.
This news page aggregates company announcements and third-party coverage related to Kornit’s operations, strategy and financial performance. Readers can find updates on quarterly results reported via Form 6-K, including revenue breakdowns between products and services, progress in expanding recurring revenue under the All-Inclusive Click (AIC) usage-based model, and commentary from management on execution and profitability.
News items also highlight Kornit’s technology deployments and customer wins, such as screen printing decorators, digital textile print providers and custom apparel producers adopting platforms like Atlas MAX PLUS, Atlas MAX POLY, Apollo and Presto MAX. These stories illustrate how customers use Kornit systems to transition from analog screen printing to on-demand digital production for bulk apparel, sportswear, e-commerce fulfillment and footwear applications.
Corporate developments, including share repurchase authorizations, annual shareholder meeting results and leadership changes reported in Form 6-K filings, are also reflected in the news flow. Investors and industry observers can use this page to follow how Kornit’s digital textile printing technologies, business models and geographic footprint evolve over time. For ongoing research on KRNT, bookmarking this page provides a single view into both operational milestones and regulatory disclosures that shape the company’s trajectory.
Kornit Digital Ltd. (NASDAQ: KRNT) reported robust third-quarter results for 2021, with total revenue reaching $86.7 million, a 51% year-over-year increase. The figure reflects a $7.9 million non-cash impact from warrants. The company achieved a GAAP operating profit of $3.9 million and a non-GAAP operating profit of $8.6 million. Industry-transforming platforms, Atlas MAX and Presto MAX, have gained strong market acceptance. Kornit anticipates fourth-quarter revenue between $89 million and $93 million, with non-GAAP operating income expected at 13% to 15%.
Kornit Digital (NASDAQ: KRNT) announced the appointment of Jae Hyun (Jay) Lee as a strategic advisor and future board member during its 2022 Annual Shareholder Meeting. With nearly three decades of experience, including significant leadership roles at eBay and Korea Thrunet, Lee will leverage his expertise in e-commerce and digital marketplaces to support Kornit’s growth. CEO Ronen Samuel expressed optimism about Lee's contributions, especially in transforming the sustainable fashion sector.
Kornit Digital Ltd. (NASDAQ: KRNT) has appointed Stef Strack as a strategic advisor to the Company and its Board of Directors, effective October 15, 2021. With 18 years in the fashion and sport industries, Strack is also the founder of Voice in Sport. Her experience includes leadership roles at Rag & Bone and Nike. The Company plans to nominate her for election at the 2022 Annual Shareholder Meeting. CEO Ronen Samuel emphasized Strack's expertise in digital transformation and sustainable production, aligning with Kornit's vision to innovate in the textile industry.
Kornit Digital Ltd. (NASDAQ: KRNT) has announced the launch of the Kornit Presto MAX, a revolutionary system for sustainable, on-demand textile production. This cutting-edge technology will debut at the Kornit Fashion Week in Los Angeles from November 2-5, showcasing capabilities like white printing on colored fabrics and integration of XDi technology for 3D applications. The system aims to modernize textile production, reduce carbon footprint, and streamline the production process while enhancing quality and efficiency across the industry.
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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.