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) reported Q2 2024 results with revenues of $48.6 million, in line with previous guidance. The company saw GAAP net loss of $4.9 million and non-GAAP net income of $1.1 million. Notably, Kornit generated positive cash flow from operations and experienced year-over-year growth in both impressions and consumables.
The company's All-Inclusive Click (AIC) program and Apollo system continue to gain traction, with multiple orders added to the backlog. Kornit is also piloting the AIC model on the Atlas MAX system for screen replacement customers. For Q3 2024, Kornit expects revenues between $48-52 million and an adjusted EBITDA margin of 1-6%.
Kornit Digital (Nasdaq: KRNT), a leader in sustainable, on-demand digital fashion and textile production technologies, has announced its second quarter 2024 earnings release date. The company will disclose its financial results for the quarter ending June 30, 2024, on Wednesday, August 7, before the market opens. An earnings conference call and webcast will follow at 8:30 am ET on the same day.
Interested parties can access the live broadcast through Kornit's website in the 'Investors' section. For those unable to attend, a replay will be available on the company's website and via dial-in until August 21, 2024. This announcement provides investors and analysts with a clear timeline for accessing Kornit's latest financial performance data and insights into its operations.
Kornit Digital, a leader in digital fashion and textile production technologies, will be participating in the William Blair 44th Annual Growth Stock Conference on June 5, 2024. Representing the company will be CEO Ronen Samuel and Global Head of Investor Relations & Strategic Finance Jared Maymon. They will deliver a presentation at 10:20 am ET, which will be webcast live and available for replay on Kornit’s investor relations website.
Kornit Digital reported first quarter revenues of $43.8 million, meeting previous guidance. The company experienced a GAAP net loss of $13.2 million, with a non-GAAP net loss of $5.3 million. Kornit generated positive cash flow from operations and concluded the Apollo beta successfully with customers. They saw significant interest in the all-inclusive click model and are committed to transitioning to sustainable, on-demand digital production globally.
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