Have you been paying attention to shares of Kornit Digital (KRNT) ? Shares have been on the move with the stock up 30.6% over the past month. The stock hit a new 52-week high of $32.58 in the previous session. Kornit Digital has gained 67.2% since the start of the year compared to the 19.5% move for the Zacks Industrial Products sector and the 47.8% return for the Zacks Commercial Printing industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it has ...

I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. My historical focus has been mostly on tech stocks but over the past couple of years I have also started broad coverage of the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, drybulk). In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for Pric ...

| --- | --- | |----------------------------------------------------------------------------------------------------------------|-------| | | | | | | | Kornit Digital (NASDAQ: KRNT) Third Quarter 2024 Earnings Conference Call Supporting Slides November 6, 2024 | | | | | | | | On Today's Call Ronen Samuel CEO Lauri Hanover CFO Jared Maymon Investor Relations Karnit Digital All Rights Reserved. Kornit Digital Safe Harbor This presentation contains "forward-looking statements" within the meaning of the Private ...

Financial Data and Key Metrics Changes - Revenues for Q3 2024 were reported at $50.7 million, within the guidance range of $48 million to $52 million [18] - Adjusted EBITDA was positive at $1.5 million, a significant improvement from negative $5.6 million in the same period last year [21] - Non-GAAP gross margin reached 50.3%, compared to 37.4% in the same period last year, driven by a favorable sales mix [19] - Operating cash flow for Q3 was $13.6 million, with free cash flow improving year-over-year due to cost savings and strong collections [22][23] Business Line Data and Key Metrics Changes - System sales declined year-over-year, while service sales remained approximately flat; however, impressions and consumable sales grew [18] - The AIC model is driving a shift in the business, with 12 out of 15 Apollo systems shipped this year, and a growing pipeline of analog screen businesses interested in Apollo and Max technology [9][25] Market Data and Key Metrics Changes - The market is showing signs of recovery, with strong consumable and systems orders for Q4 delivery, supporting expectations for at least 20% revenue growth in the second half of the year compared to the first half [15] - Significant progress in the footwear market in China, with new orders from major brands and existing customers ramping up production [14] Company Strategy and Development Direction - The company is focused on a revamped go-to-market strategy that emphasizes agility, creativity, and sustainability in production, addressing the needs of brands and retailers [8] - Kornit aims to deliver 30 Apollo systems in 2025, with approximately 20 expected to be on the AIC model, aligning with long-term financial targets of double-digit revenue growth and increased recurring revenues [12][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing shift towards on-demand production, highlighting the need for speed, flexibility, and sustainability in the market [28][52] - The company is optimistic about 2025, viewing it as a transition year with expected growth and improved profitability, while anticipating more acceleration in 2026 and beyond [45][57] Other Important Information - The company has a robust balance sheet with a cash balance of $561 million at the end of the quarter [22] - Kornit is set to begin a $100 million share repurchase program following the conclusion of its blackout period [24] Q&A Session Summary Question: Overall market momentum and Apollo systems - Management noted a clear shift in the market towards on-demand production, with brands seeking agility and flexibility, and expressed satisfaction with operational progress in Q3 [28][30] Question: 2025 outlook and global strategic accounts - Management refrained from providing specific guidance for 2025 but indicated a belief in growth and profitability, with ongoing engagement with global strategic accounts [45][47] Question: Shift from analog to digital production - Management confirmed a strong conviction in the shift towards digital production, driven by market demands for speed and flexibility, as well as advancements in technology [51][52] Question: Cost discipline and operating leverage - Management emphasized a focus on driving efficiencies and reallocating resources to support growth for 2025 and beyond, while expecting improvements in profitability [58][57] Question: Apollo systems manufacturing capability - Management expressed confidence in the manufacturing capabilities for Apollo systems, with contingency plans in place to mitigate any potential impacts from external factors [73]

Kornit Digital (KRNT) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 37.50%. A quarter ago, it was expected that this digital textile printer would post a loss of $0.01 per share when it actually produced earnings of $0.02, delivering a surprise of 300%.Over the last four quarters, the c ...

Exhibit 99.1 Investor Contact: Jared Maymon Global Head of Investor Relations & Strategic Finance Jared.Maymon@Kornit.com Kornit Digital Reports Third Quarter 2024 Results ● Third quarter revenues of $50.7 million, in line with previous guidance ● Third quarter GAAP net loss of $0.9 million; non-GAAP net income of $5.5 million ● Continued positive cash generation from operations ● Significant year-over-year improvement in non-GAAP gross margin and return to adjusted EBITDA profitability ● Industry-leading p ...

Third quarter revenues of $50.7 million, in line with previous guidanceThird quarter GAAP net loss of $0.9 million; non-GAAP net income of $5.5 millionContinued positive cash generation from operationsSignificant year-over-year improvement in non-GAAP gross margin and return to adjusted EBITDA profitabilityIndustry-leading platforms, Apollo and Atlas MAX, continue to gain adoption among screen-replacement customers, driven by the new AIC model ROSH-HA`AYIN, Israel, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Kornit D ...

ROSH-HA`AYIN, Israel, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or the “Company”) (Nasdaq: KRNT), a global leader in sustainable, on-demand digital fashion and textile production technologies, announced today that it will release its financial results for the third quarter ended September 30, 2024 on Wednesday, November 6, prior to the market open. The Company will host an earnings conference call and webcast reviewing these results and its operations on Wednesday, November 6 at 8:30 a ...

The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Kornit Digital (KRNT) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.Kornit Digital is one of 212 individual stocks in the Industrial Products sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. The Zacks Sect ...

T-Shirt & Sons (TSS) expands its digital production capabilities by adding the Kornit Apollo platform alongside existing Atlas MAX systems With this expansion, company set to streamline operations and increase production capacity by several million impressions annually ROSH-HA'AYIN, Israel, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ: KRNT) ("Kornit" or the "Company"), a global leader in sustainable, on-demand digital fashion and textile production technologies, announced today that T-Shir ...