Kornit Digital Stock Price, News & Analysis

Kornit Digital reported strong third quarter results with revenue of $57.4 million, reflecting a 21.4% year-over-year increase. The GAAP operating profit was $2.7 million, while non-GAAP operating profit was $6.5 million. The company achieved sustainable services profitability one quarter ahead of schedule, showcasing strong operating leverage and innovation investments. CFO Guy Avidan raised the second-half revenue outlook to 25% growth, driven by increased demand in e-commerce and upcoming holiday production.

Kornit Digital (Nasdaq: KRNT) will announce its third-quarter earnings results for the period ended September 30, 2020, on November 10, 2020, post-market close. A conference call will follow at 5:00 PM ET, providing insights into the company's financial performance. Kornit specializes in industrial digital printing technologies for the garment and textile sectors, offering innovative solutions like its eco-friendly NeoPigment process. With a global presence and strong focus on on-demand and mass customization printing, Kornit is positioned to cater to evolving market demands.

Kornit Digital Ltd. (NASDAQ: KRNT) announced an upsized public offering of 4,078,210 ordinary shares priced at $56.50 each. Kornit will issue 2,388,268 shares while an affiliate of Amazon will offer 1,689,942 shares due to a warrant exercise. The offering, which includes an option for underwriters to purchase an additional 611,731 shares, is expected to close on September 21, 2020. Proceeds will fund potential acquisitions and general corporate purposes, with no current acquisition plans in place.

Kornit Digital Ltd. (NASDAQ: KRNT) announced a public offering of 3,600,000 ordinary shares, with 2,000,000 shares offered by Kornit and 1,600,000 by an Amazon affiliate. Kornit will not receive proceeds from Amazon's shares, which are from a warrant exercise. The company plans to utilize the offering's proceeds for future acquisitions and general corporate purposes, though no specific agreements are in place currently. Citigroup, Barclays, and Goldman Sachs & Co. LLC are the bookrunners for this offering.

Kornit Digital (Nasdaq: KRNT) announced that CEO Ronen Samuel and CFO Guy Avidan will present and host one-on-one investor meetings at the Citi 2020 Global Technology Conference on September 10, 2020, at 9:50 am ET. This virtual presentation will be accessible via live audio webcast and archived replay on Kornit's investor relations website. Kornit specializes in digital textile printing technology, offering comprehensive solutions for garment and textile industries, and is known for its eco-friendly NeoPigment printing process.

Kornit Digital (Nasdaq: KRNT), a leader in digital textile printing, will hold a virtual fireside chat on August 18, 2020, from 10:30 AM to 12:00 PM ET, discussing its recent acquisition of Custom Gateway. Key executives, including CEO Ronen Samuel, will participate. Interested parties can join via a Zoom meeting or by dialing in. An archived replay will be available on Kornit’s Investor Relations website shortly after the event. Kornit Digital specializes in eco-friendly digital printing solutions for the textile industry and serves customers in over 100 countries.

Kornit Digital (Nasdaq: KRNT) announced the acquisition of Custom Gateway, enhancing its cloud-based software workflow capabilities for on-demand textile production. This strategic move aims to revolutionize the industry by providing an end-to-end solution that increases efficiency and profitability. Custom Gateway's platform, utilized by over 300 global clients, integrates order management and production processes, enhancing Kornit's existing Konnect platform. The acquisition positions Kornit favorably in the fast-evolving on-demand market, offering brands the ability to pivot quickly in response to market needs.

Kornit Digital (KRNT) announced the release of its second quarter earnings results for the period ending June 30, 2020, scheduled for August 11, 2020, after market close. A conference call to discuss the financial results will take place at 5:00 pm ET on the same day. Interested participants can join via phone or through a live webcast, which will be available on Kornit’s Investor Relations website. Kornit specializes in industrial digital printing technologies for the textile industry, focusing on eco-friendly solutions and innovative business models.

Kornit Digital (Nasdaq: KRNT) announced that CEO Ronen Samuel and CFO Guy Avidan will present at two financial conferences. The Stifel 2020 Virtual Cross Sector Insight Conference is scheduled for June 8, 2020, at 8:00 am ET, while the William Blair Growth Stock Conference will occur on June 9, 2020, at 12:00 pm CT (1:00 pm ET). Both presentations will be streamed live and available for replay on Kornit’s investor relations website. Kornit is a leader in digital textile printing, specializing in eco-friendly solutions and innovative business models.