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.
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Kornit Digital Ltd. (Nasdaq: KRNT), a leader in sustainable digital fashion and textile production, will announce its financial results for Q1 2023 on May 10, 2023, before the market opens. The company will host a conference call at 8:30 am ET that day to discuss the results and its operations. Interested parties can access the live call via the company’s website. A replay will also be available shortly after the call, accessible until May 24, 2023. Kornit Digital operates globally, providing comprehensive digital printing solutions and serves a wide customer base across over 100 countries. For more information about the company, visit their website.
Kornit Digital Ltd. (Nasdaq: KRNT), a leader in sustainable, on-demand digital fashion and textile production technologies, announced that its annual report on Form 20-F, containing audited financial statements for the year ending December 31, 2022, is now accessible on its website. Shareholders can request a free hard copy of the report. This announcement is in compliance with NASDAQ Listing Rule 5250(d)(1)(C). Kornit operates globally, providing end-to-end solutions including printing systems and consumables, serving customers across over 100 countries.
Kornit Digital reported fourth quarter 2022 revenues of $63.3 million, down from $87.5 million in Q4 2021, reflecting a $4.3 million impact from non-cash warrants. The company posted a GAAP operating loss of $16.7 million and a non-GAAP operating loss of $9.9 million. Despite a solid peak season, it faced a GAAP net loss of $35.4 million or ($0.71) per share. Full-year revenue also declined to $271.5 million from $322 million in 2021. For Q1 2023, Kornit expects revenues between $47 million and $52 million. The focus for 2023 includes achieving profitability and launching new products.