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Kornit Digital Ltd - KRNT STOCK NEWS

Welcome to our dedicated news page for Kornit Digital (Ticker: KRNT), a resource for investors and traders seeking the latest updates and insights on Kornit Digital.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kornit Digital's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kornit Digital's position in the market.

Rhea-AI Summary
Kornit Digital issues Impact Report for 2022, highlighting progress in sustainability and diversity goals.
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Rhea-AI Summary
Kornit Digital Ltd. (Nasdaq: KRNT) reported second quarter revenues of $56.2 million, in line with previous guidance. The company issued third-annual Impact Report highlighting progress on its long-term impact strategy and reaffirming commitment to a more sustainable fashion and textiles industry. The successful ITMA tradeshow in Milan secured high-quality leads and provided a healthy pipeline for 2024 and beyond. Despite lower systems revenues, Kornit's double-digit year-over-year impressions and consumables growth across all regions are driving steady improvement in capacity utilization and strong revenue growth. The company expects revenues for the third quarter of 2023 to be in the range of $58 million to $62 million, with an adjusted EBITDA margin between -6% to -13% of revenue.
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Rhea-AI Summary
Kornit Digital successfully concluded its exhibition at ITMA 2023, experiencing high volumes of engagement with new customers from key regions. Brands and retailers are digitally transforming analog supply chains with sustainable on-demand solutions. Kornit's new products and innovations reaffirm its market leadership in sustainable digital textile decoration.
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Kornit Digital announces enhancements to the Presto MAX system for digital fabric decoration on demand. The solution offers breakthrough capabilities for transforming virtual concepts into custom fabrics and introduces white printing on colored fabrics. The new NeoPigment™ Vivido ink set achieves darker blacks and vivid colors with reduced ink laydown. The solution aims to address sustainability challenges in the fashion industry and allows producers to create more with less.
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Kornit Digital Ltd

Nasdaq:KRNT

KRNT Rankings

KRNT Stock Data

758.99M
43.23M
0.1%
102.25%
2.04%
Printing Machinery and Equipment Manufacturing
Manufacturing
Link
Israel
12 Ha Amal St Afek Park

About KRNT

kornit digital develops, manufactures and markets industrial and commercial solutions for the garment, apparel and fabric industry. leading the digital textile industry with its integrated pretreatment solution and its neopigment ™ inks, it directly caters to the needs of both designers and manufacturers. with its immense experience in the direct to garment industry, it is revolutionizing the roll fabric industry by enabling printing with one ink set on all kinds of fabrics. founded in 2003, kornit digital is a global company with offices in the united states, asia pacific, europe and india and serves customers in more than 100 countries worldwide. join the kornit-digital group and stay up to date with recent news and developments. for more information on any of our direct to garment solutions, visit our website at http://www.kornit.com