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 (NASDAQ: KRNT) has announced a strategic partnership with Gooten, integrating the print-on-demand fulfillment company into Kornit's Global Fulfillment Network (GFN). This collaboration gives brands using Gooten's platform access to Kornit's extensive network of over 250 production locations across North America, Europe, Asia, and Latin America.
The partnership offers key benefits including retail-quality production at scale, global reach with local fulfillment, quick platform integration, sustainable on-demand production, and increased revenue opportunities. Brands can now leverage Kornit's production capacity while accessing Gooten's extended product catalog, enabling them to expand into new markets and optimize their operations with zero inventory costs.
Kornit Digital (NASDAQ: KRNT), a global pioneer in sustainable, on-demand, digital fashion and textile production technologies, has scheduled its first quarter 2025 earnings release for Wednesday, May 14, before market open. The company will host an earnings conference call and webcast at 8:30 am ET on the same day.
Interested parties can access the live broadcast through Kornit's website (www.kornit.com) in the Investors section. The conference call can be accessed via dial-in numbers: 1-877-407-0792 or 1-201-689-8263 (International), and 1 809 406 247 (Israel Toll Free). A replay will be available until May 28, 2025, via dial-in: 1-844-512-2921 or 1-412-317-6671 (Replay ID: 13753164).
Kornit Digital (NASDAQ: KRNT), a global leader in sustainable, on-demand digital fashion and textile production technologies, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC).
The annual report, which includes the company's audited financial statements, is accessible through the SEC's website and Kornit's investor relations portal. Shareholders can request a free hard copy of the complete report by contacting the Global Head of Investor Relations.
Kornit Digital (NASDAQ: KRNT) announced that Grunt Style, a leading U.S. patriotic apparel brand, has implemented Kornit's flagship Apollo system for digital printing production. The strategic transition from analog screen printing to digital production aims to eliminate stock shortages and increase production efficiency.
Grunt Style, founded in 2009, operates 17 retail stores and distributes across 2,500+ locations. The Kornit Apollo direct-to-garment platform offers key capabilities including:
- Production capacity of up to 400 garments per hour
- Automated garment loading and unloading
- Auto-sized pallet shifting
- Single-operator management system
This implementation enables Grunt Style to manage automated, on-demand production while maintaining their commitment to premium, American-made apparel. The system provides the scalability needed to meet growing e-commerce and retail demand without delays or waste.
Kornit Digital (NASDAQ: KRNT) announced that American Classics Apparel, a leading wholesaler of licensed music, movie, and gaming apparel, is adopting the Kornit Apollo platform. This next-generation direct-to-garment system will accelerate the company's transition from traditional screen printing to high-speed digital production.
Headquartered in Hanceville, Alabama, American Classics has been in the licensed apparel business for nearly three decades, offering designs from iconic brands like AC/DC, Rocky, and Cheers. Their products are sold through major retailers including Walmart and Amazon.
The implementation of Kornit Apollo, alongside their existing Kornit Atlas MAX POLY and other Kornit systems, will help American Classics address several key challenges:
- Meet surging customer demand
- Overcome ongoing labor shortages
- Improve production efficiency
- Maintain superior product quality
- Deliver faster turnaround times
Kornit Digital (KRNT) reported Q4 2024 revenues of $60.7 million, up from $56.6 million in the prior year, with GAAP net income of $2.2 million ($0.05 per share). The company achieved non-GAAP net income of $8.7 million ($0.18 per share) in Q4.
For full-year 2024, total revenue was $203.8 million compared to $219.8 million in 2023. The company delivered positive adjusted EBITDA of $0.3 million for 2024, improving from a loss of $30.9 million in 2023. Gross profit margin improved to 45.0% from 30.5% year-over-year.
The company successfully delivered 15 Apollo systems throughout 2024. Looking ahead to Q1 2025, Kornit expects revenues between $45.5 million to $49.5 million with adjusted EBITDA margin between -9% to -4%.
Kornit Digital (NASDAQ: KRNT), a leader in sustainable digital fashion and textile production technologies, has scheduled its fourth quarter and full year 2024 earnings release for Wednesday, February 12, 2025, before market opening. The company will host an earnings conference call and webcast at 8:30 am ET on the same day.
Investors can access the live broadcast through Kornit's website investor section. Live call dial-in numbers are 1-877-407-0792 or 1-201-689-8263, with a toll-free number for Israel at 1-809-406-247. A replay will be available on the company website and via dial-in at 1-844-512-2921 or 1-412-317-6671 (Access ID: 13751316) until February 26, 2025, at 11:50 pm ET.
500 LEVEL, a premier sports apparel producer, has adopted Kornit Digital's Atlas MAX platform to revolutionize their production of officially licensed sports merchandise. The partnership enables 500 LEVEL to produce and ship fan-designed licensed gear for MLB, MLS, NBA, NFL, NHL, UFC, and WWE within 24 hours.
Founded in 2012, 500 LEVEL specializes in custom-designed apparel that celebrates sports legends. The implementation of Kornit's Atlas MAX technology allows the company to meet rapid e-commerce demands while maintaining premium quality standards. This technological advancement positions 500 LEVEL to capture real-time sports moments by delivering high-quality merchandise at unprecedented speeds.
Kornit Digital reported Q3 2024 revenues of $50.7 million, down from $59.2 million year-over-year, primarily due to lower systems revenues. The company achieved a GAAP net loss of $0.9 million ($0.02 per share) and non-GAAP net income of $5.5 million ($0.11 per diluted share). Notable improvements include expanded gross margins, with GAAP gross margin at 47.7% and non-GAAP at 50.3%, and return to adjusted EBITDA profitability at $1.5 million. For Q4 2024, Kornit expects revenues between $58-63 million with adjusted EBITDA margin of 12-16%.
Kornit Digital (Nasdaq: KRNT), a global leader in sustainable, on-demand digital fashion and textile production technologies, has announced the release date for its third quarter 2024 financial results. The company will publish its earnings report on Wednesday, November 6, before the market opens.
Following the release, Kornit will host an earnings conference call and webcast on the same day at 8:30 am ET. Interested parties can access the live broadcast through Kornit's website at www.kornit.com in the 'Investors' section. For those who prefer to dial in, the following numbers are available:
- US/Canada Toll-Free: 1-877-407-0792
- International: 1-201-689-8263
- Israel: 1 809 406 247
A replay of the call will be archived on the company's website and will also be accessible via dial-in until November 20, 2024, at 11:59 pm ET.