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. develops and provides sustainable, on-demand digital fashion and textile production technologies for garment and fabric producers. Its recurring news covers digital printing systems, inks, consumables, software and fulfillment services, including direct-to-garment and roll-to-roll platforms for short-run and demand-driven production.
Company updates often focus on product introductions such as Atlas MATRIX, Presto MAX PLUS and Apollo; customer deployments in apparel manufacturing; and PrintFactory workflow, color management and production automation software. Kornit also reports earnings releases, Form 20-F filing notices, governance appointments and developments tied to its global fulfillment network across the United States, Europe and Asia Pacific.
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.
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.