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. (NASDAQ: KRNT) is a manufacturing company focused on digital printing machinery and equipment for the global fashion and textile sectors. The company describes itself as a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, offering digital printing systems, inks, consumables, software and fulfillment services through a global fulfillment network.
This news page aggregates company announcements and third-party coverage related to Kornit’s operations, strategy and financial performance. Readers can find updates on quarterly results reported via Form 6-K, including revenue breakdowns between products and services, progress in expanding recurring revenue under the All-Inclusive Click (AIC) usage-based model, and commentary from management on execution and profitability.
News items also highlight Kornit’s technology deployments and customer wins, such as screen printing decorators, digital textile print providers and custom apparel producers adopting platforms like Atlas MAX PLUS, Atlas MAX POLY, Apollo and Presto MAX. These stories illustrate how customers use Kornit systems to transition from analog screen printing to on-demand digital production for bulk apparel, sportswear, e-commerce fulfillment and footwear applications.
Corporate developments, including share repurchase authorizations, annual shareholder meeting results and leadership changes reported in Form 6-K filings, are also reflected in the news flow. Investors and industry observers can use this page to follow how Kornit’s digital textile printing technologies, business models and geographic footprint evolve over time. For ongoing research on KRNT, bookmarking this page provides a single view into both operational milestones and regulatory disclosures that shape the company’s trajectory.
Kornit Digital reported third-quarter 2022 revenues of $66.8 million, down from $86.7 million in 2021, with a non-cash warrant impact of $5.6 million. The company faced a GAAP operating loss of $21.4 million and a non-GAAP operating loss of $13.0 million. Despite a rise in Consumables and Services revenue due to strong demand, macro-related pressures affected purchasing decisions. Guidance for Q4 2022 projects revenue between $66 million and $70 million and non-GAAP operating margins ranging from -6% to -10% of revenue.
Kornit Digital (NASDAQ: KRNT) showcased its innovative digital production technologies at the PRINTING United Expo on October 19, 2022. Highlighting the shift towards sustainable, on-demand fashion production, the company emphasized solutions that reduce overproduction and inventory waste. The launch of new products like Kornit Atlas MAX and Kornit Apollo aims to enhance supply chain efficiency and creativity. Kornit also released its 2021 Impact Report, reinforcing its commitment to sustainability in the textile industry, and will host a press conference during the expo.
Kornit Digital Ltd. (NASDAQ: KRNT) has released its 2021 Impact Report, showcasing significant progress in sustainability and ESG initiatives. Key achievements include a 16% reduction in GHG emissions intensity and a remarkable 57% decrease in non-hazardous waste intensity. The report emphasizes Kornit's commitment to transforming the fashion industry through its dual role as an accountable participant and a leader. Notable advancements in Diversity, Equity, and Inclusion (DEI) were also reported, with an increase in women in management from 30% to 35%.
Kornit Digital Ltd. (NASDAQ: KRNT) will announce its third-quarter financial results for the period ending September 30, 2022, on November 9, 2022, before the market opens. An earnings conference call is scheduled on the same day at 8:30 am ET, accessible via Kornit’s website. The company specializes in sustainable on-demand digital fashion and textile production technologies, providing end-to-end solutions globally. The call will also be available for replay starting five hours post-call until November 23, 2022.
Kornit Digital Ltd. (Nasdaq: KRNT), a leader in sustainable digital fashion and textile production, announced its participation in two upcoming investor conferences. Firstly, the Citi's 2022 Global Technology Conference on September 8, 2022, featuring a fireside chat at 1:45 pm ET, accessible via a live audio webcast. Secondly, Kornit will host 1:1 meetings with investors at the Goldman Sachs Communacopia + Technology Conference on September 13, 2022. Kornit Digital, headquartered in Israel, provides end-to-end solutions for the fashion industry.
Kornit Digital Ltd. (Nasdaq: KRNT) reported second quarter 2022 revenues of $58.1 million, reflecting a significant decrease from $81.7 million year-over-year, primarily affected by a $4.5 million non-cash warrants impact. The GAAP operating loss was $24.9 million, leading to a net loss of $19.5 million. In response, Kornit announced a $75 million share repurchase program and CFO transition to Lauri Hanover. Future guidance for Q3 2022 projects revenues between $66 million and $70 million, with expected non-GAAP operating margins of -15% to -11%.
Kornit Digital (NASDAQ: KRNT) will announce its Q2 financial results on August 10, 2022, prior to market open. An earnings call will take place at 8:30 am ET on the same day, accessible via Kornit’s website. The call will include a discussion of the company’s operations and overall performance. The dial-in number for the live call includes 1-877-300-8521 for US/Canada and 1-412-317-6026 for international participants. A replay will be available post-call until August 24, 2022.
Kornit Digital Ltd. (Nasdaq: KRNT) announced preliminary results for Q2 2022, expecting revenues between $56.4 million and $59.4 million, adjusted for a non-cash warrant impact of approximately $4.6 million. CEO Ronen Samuel noted a slower pace of direct-to-garment (DTG) system orders due to macroeconomic challenges and excess customer production capacity. Despite these headwinds, Kornit anticipates Q3 revenues to meet or exceed Q2 figures. Full results will be available on August 10, 2022.
Kornit Digital Ltd. (NASDAQ: KRNT) has announced participation in the William Blair 42nd Annual Growth Stock Conference on June 7, 2022, with a fireside chat at 12:20 PM ET and the Stifel 2022 Cross Sector Insight Conference on June 8, 2022, at 10:55 AM ET. Both discussions will be available via live audio webcast, with archives on Kornit's investor relations website. Kornit Digital leads in sustainable, on-demand digital fashion and textile production technologies, operating globally with end-to-end solutions.
Kornit Digital (NASDAQ: KRNT) showcased its innovative digital textile production solutions at FESPA Global Print Expo 2022, demonstrating high-quality, sustainable on-demand production capabilities. The event, held from May 31 to June 3 in Berlin, featured Kornit's cutting-edge MAX technology and a full ecosystem of integrated production systems designed for various textile markets. Key highlights included the Kornit Atlas MAX and Presto MAX systems, promising lower costs and higher output. Kornit aims to redefine industry standards while promoting sustainability and creative possibilities in textile production.
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