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    Kornit Digital Reports Second Quarter 2024 Results

    8/7/24 7:30:28 AM ET
    $KRNT
    Industrial Machinery/Components
    Industrials
    Get the next $KRNT alert in real time by email
    • Second quarter revenues of $48.6 million, in line with previous guidance

    • Second quarter GAAP net loss of $4.9 million; non-GAAP net income of $1.1 million
    • Generated positive cash flow from operations for the second quarter of 2024
    • Both impressions and consumables grew year-over-year during the second quarter
    • Interest in our pilot of the all-inclusive click ("AIC") program and our Apollo system remains strong, with multiple orders added to our backlog in second quarter

    ROSH-HA`AYIN, Israel, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. ("Kornit" or the "Company") (NASDAQ:KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, today reported results for the second quarter ended June 30, 2024.

    "We are witnessing a pivotal shift to on-demand production in the fashion industry, where consumers are demanding both increased variety and faster delivery." said Ronen Samuel, Kornit's Chief Executive Officer. He added, "While the positive impact of these trends on our systems sales remains muted, we again saw growth in impressions and consumables. This supports our view that our customers continue to digest available capacity."

    Mr. Samuel continued, "In the second quarter, we also received several additional Apollo orders, including four on our AIC model. Given the strong initial feedback and traction we have seen with our AIC model, we made the decision to begin piloting the model on the Atlas MAX system for screen replacement customers." He concluded, "We look forward to updating the investor community on our long-term business plans and capital allocation strategy at our investor event planned on September 10th."

    Second Quarter 2024 Results of Operations

    • Total revenue for the second quarter of 2024 was $48.6 million compared with $56.2 million in the prior year period, due primarily to lower systems revenues.



    • GAAP gross profit margin for the second quarter of 2024 was 45.8% compared with 33.3% in the prior year period. On a non-GAAP basis, gross profit margin was 48.6% compared with 36.1% in the prior year period.



    • GAAP operating expenses for the second quarter of 2024 were $33.0 million compared with $39.6 million in the prior year period. On a non-GAAP basis, operating expenses decreased by 17.9% to $28.0 million compared with the prior year period.



    • GAAP net loss for the second quarter of 2024 was $4.9 million, or ($0.10) per basic share, compared with net loss of $14.3 million, or ($0.29) per basic share, for the second quarter of 2023.



    • Non-GAAP net income for the second quarter of 2024 was $1.1 million, or $0.02 per diluted share, compared with non-GAAP net loss of $7.4 million, or ($0.15) per basic share, for the second quarter of 2023.



    • Adjusted EBITDA loss for the second quarter of 2024 was $1.6 million compared with adjusted EBITDA loss of $10.7 million for the second quarter of 2023. Adjusted EBITDA margin for the second quarter of 2024 was -3.4% compared with -19.1% for the second quarter of 2023.

    Third Quarter 2024 Guidance

    For the third quarter of 2024, the Company expects revenues to be in the range of $48 million to $52 million and adjusted EBITDA margin between 1% to 6%.

    Second Quarter Earnings Conference Call Information

    The Company will host a conference call today at 8:30 a.m. ET, or 3:30 p.m. Israel time, to discuss the results, followed by a question-and-answer session with the investor community.

    A live webcast of the call can be accessed at ir.kornit.com. To access the call, participants may dial toll-free at 1-800-717-1738 or 1-646-307-1865. The toll-free Israeli number is 972 3 384 8161. The conference confirmation code is 71703.

    To listen to a replay of the conference call, dial toll-free 1-844-512-2921 or 1-412-317-6671 (international) and enter confirmation code 1171703. The telephonic replay will be available approximately three hours after the completion of the live call until 11:59 pm ET on August 21, 2024. The call will also be available for replay via the webcast link on Kornit's Investor Relations website.

    About Kornit Digital

    Kornit Digital (NASDAQ:KRNT) is a worldwide market leader in sustainable, on-demand, digital fashionx and textile production technologies. The Company is writing the operating system for fashion with end-to-end solutions including digital printing systems, inks, consumables, and an entire global ecosystem that manages workflows and fulfillment. Headquartered in Israel with offices in the USA, Europe, and Asia Pacific, Kornit Digital serves customers in more than 100 countries and states worldwide. To learn more about how Kornit Digital is boldly transforming the world of fashion and textiles, visit www.kornit.com/.

    Forward Looking Statements

    Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other U.S. securities laws. Forward-looking statements are characterized by the use of forward-looking terminology such as "will," "expects," "anticipates," "continue," "believes," "should," "intended," "guidance," "preliminary," "future," "planned," or other words. These forward-looking statements include, but are not limited to, statements relating to the Company's objectives, plans and strategies, statements of preliminary or projected results of operations or of financial condition and all statements that address activities, events, or developments that the Company intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. The Company has based these forward-looking statements on assumptions and assessments made by its management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things: the duration and severity of adverse macro-economic headwinds that were caused by inflationary pressures and higher interest rates, which have impacted, and may continue to impact, in an adverse manner, the Company's operations, financial position and cash flows, in part due to the adverse impact on the Company's customers and suppliers; the Company's degree of success in developing, introducing and selling new or improved products and product enhancements including specifically the Company's Poly Pro and Presto products, and the Company's Apollo direct-to-garment platform; the extent of the Company's ability to consummate sales to large accounts with multi-system delivery plans; the degree of the Company's ability to fill orders for its systems and consumables; the extent of the Company's ability to increase sales of its systems, ink and consumables; the extent of the Company's ability to leverage its global infrastructure build-out; the development of the market for digital textile printing; the availability of alternative ink; competition; sales concentration; changes to the Company's relationships with suppliers; the extent of the Company's success in marketing; and those additional factors referred to under "Risk Factors" in Item 3.D of the Company's Annual Report on Form 20-F for the year ended December 31, 2023, filed with the SEC on March 28, 2024. Any forward-looking statements in this press release are made as of the date hereof, whether as a result of new information, future events or otherwise, except as required by law.

    Non-GAAP Discussion Disclosure

    The Company presents certain non-GAAP financial measures, in this press release and in the accompanying conference call to discuss the Company's quarterly results. These non-GAAP financial measures reflect adjustments to corresponding GAAP financial measures in order to exclude the impact of the following: share-based compensation expenses; amortization of intangible assets; restructuring expenses; foreign exchange differences associated with ASC 842; and non-cash deferred tax income.

    The Company defines "Adjusted EBITDA" as non-GAAP operating income (loss), which reflects the adjustments described in the preceding paragraph, as further adjusted to exclude depreciation expense.

    The purpose of the foregoing non-GAAP financial measures is to convey the Company's performance exclusive of non-cash charges and other items that are considered by management to be outside of the Company's core operating results. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Furthermore, the non-GAAP measures are regularly used internally to understand, manage, and evaluate the Company's business and make operating decisions, and the Company believes that they are useful to investors as a consistent and comparable measure of the ongoing performance of the Company's business. The Company's non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with the Company's consolidated financial statements prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ materially from the non-GAAP financial measures used by other companies.

    The reconciliation tables included below present a reconciliation of our non-GAAP financial measures to the most directly comparable GAAP financial measures.

    Investor Contact:

    Jared Maymon

    Global Head of Investor Relations & Strategic Finance

    [email protected]



    KORNIT DIGITAL LTD.
    AND ITS SUBSIDIARIES
    CONSOLIDATED BALANCE SHEETS
    (U.S. dollars in thousands)
         
      June 30, December 31,
      2024 2023
      (Unaudited) (Audited)
    ASSETS    
    CURRENT ASSETS:    
    Cash and cash equivalents $22,522 $39,605
    Short-term bank deposit  243,396  235,600
    Marketable securities  160,121  57,292
    Trade receivables, net  79,461  93,632
    Inventory  70,595  67,712
    Other accounts receivable and prepaid expenses  27,062  28,546
    Total current assets  603,157  522,387
         
    LONG-TERM ASSETS:    
    Marketable securities  128,396  223,203
    Deposits and other long-term assets  10,727  8,209
    Severance pay fund  286  283
    Property, plant and equipment, net  47,710  50,905
    Operating lease right-of-use assets  19,697  23,782
    Intangible assets, net  6,623  7,647
    Goodwill  29,164  29,164
    Total long-term assets  242,603  343,193
         
    Total assets  845,760  865,580
         
    LIABILITIES AND SHAREHOLDERS' EQUITY    
    CURRENT LIABILITIES:    
    Trade payables  4,794  6,936
    Employees and payroll accruals  11,865  12,121
    Deferred revenues and advances from customers  1,486  2,158
    Operating lease liabilities  3,270  5,073
    Other payables and accrued expenses  22,152  23,814
    Total current liabilities  43,567  50,102
         
    LONG-TERM LIABILITIES:    
    Accrued severance pay  1,021  1,080
    Operating lease liabilities  15,676  18,533
    Other long-term liabilities  138  198
    Total long-term liabilities  16,835  19,811
         
    SHAREHOLDERS' EQUITY  785,358  795,667
         
    Total liabilities and shareholders' equity $845,760 $865,580
         



    KORNIT DIGITAL LTD.
    AND ITS SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (U.S. dollars in thousands, except share and per share data)
            
     Three Months Ended Six Months Ended
     June 30, June 30,
      2024   2023   2024   2023 
     (Unaudited) (Unaudited)
            
    Revenues       
    Products$34,366  $40,083  $63,379  $71,986 
    Services 14,255   16,116   29,018   31,991 
    Total revenues 48,621   56,199   92,397   103,977 
            
    Cost of revenues       
    Products 13,271   22,620   28,962   42,999 
    Services 13,066   14,886   27,012   29,213 
    Total cost of revenues 26,337   37,506   55,974   72,212 
            
    Gross profit 22,284   18,693   36,423   31,765 
            
    Operating expenses:       
    Research and development, net 10,472   12,907   21,824   25,989 
    Sales and marketing 14,976   18,158   28,772   33,341 
    General and administrative 7,532   8,541   14,809   17,489 
    Total operating expenses 32,980   39,606   65,405   76,819 
            
    Operating loss (10,696)  (20,913)  (28,982)  (45,054)
            
    Financial income, net 6,435   7,018   11,781   12,422 
    Loss before taxes on income (4,261)  (13,895)  (17,201)  (32,632)
            
    Taxes on income 648   430   907   624 
    Net loss$(4,909) $(14,325) $(18,108) $(33,256)
            
    Basic loss per share$(0.10) $(0.29) $(0.38) $(0.67)
            
            
    Weighted average number of shares       
    used in computing basic net loss per share 47,535,212   49,554,383   47,573,334   49,720,453 
            
            
    Diluted loss per share$(0.10) $(0.29) $(0.38) $(0.67)
            
            
    Weighted average number of shares       
    used in computing diluted net loss per share 47,535,212   49,554,383   47,573,334   49,720,453 
            



    KORNIT DIGITAL LTD.
    AND ITS SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS
    (U.S. dollars in thousands, except share and per share data)
             
      Three Months Ended Six Months Ended
      June 30, June 30,
       2024   2023   2024   2023 
      (Unaudited) (Unaudited)
             
    Revenues$48,621  $56,199  $92,397  $103,977 
             
             
    GAAP cost of revenues$26,337  $37,506  $55,974  $72,212 
    Cost of product recorded for share-based compensation (1) (490)  (672)  (992)  (1,179)
    Cost of service recorded for share-based compensation (1) (453)  (493)  (872)  (844)
    Intangible assets amortization on cost of product (2) (264)  (263)  (529)  (526)
    Intangible assets amortization on cost of service (2) (160)  (160)  (320)  (320)
    Restructuring expenses (3) -   -   (914)  (89)
    Non-GAAP cost of revenues$24,970  $35,918  $52,347  $69,254 
             
             
    GAAP gross profit$22,284  $18,693  $36,423  $31,765 
    Gross profit adjustments 1,367   1,588   3,627   2,958 
    Non-GAAP gross profit$23,651  $20,281  $40,050  $34,723 
             
             
    GAAP operating expenses$32,980  $39,606  $65,405  $76,819 
    Share-based compensation (1) (4,926)  (5,385)  (9,453)  (9,772)
    Intangible assets amortization (2) (87)  (152)  (175)  (340)
    Restructuring expenses (3) -   -   (757)  (206)
    Non-GAAP operating expenses$27,967  $34,069  $55,020  $66,501 
             
             
    GAAP Financial income, net$6,435  $7,018  $11,781  $12,422 
    Foreign exchange losses associated with ASC 842 (269)  (121)  116   (497)
    Non-GAAP Financial income, net$6,166  $6,897  $11,897  $11,925 
             
             
    GAAP Taxes on income$648  $430  $907  $624 
    Non-cash deferred tax income 86  $102   173  $323 
    Non-GAAP Taxes on income$734  $532  $1,080  $947 
             
             
    GAAP net loss$(4,909) $(14,325) $(18,108) $(33,256)
    Share-based compensation (1) 5,869   6,550   11,317   11,795 
    Intangible assets amortization (2) 511   575   1,024   1,186 
    Restructuring expenses (3) -   -   1,671   295 
    Foreign exchange losses associated with ASC 842 (269)  (121)  116   (497)
    Non-cash deferred tax income (86)  (102)  (173)  (323)
    Non-GAAP net income (loss)$1,116  $(7,423) $(4,153) $(20,800)
             
    GAAP diluted loss per share$(0.10) $(0.29) $(0.38) $(0.67)
             
    Non-GAAP diluted income (loss) per share$0.02  $(0.15) $(0.09) $(0.42)
             
    Weighted average number of shares       
             
    Shares used in computing GAAP diluted net loss per share 47,535,212   49,554,383   47,573,334   49,720,453 
             
    Shares used in computing Non-GAAP diluted net loss per share 49,898,775   49,554,383   47,573,334   49,720,453 
             
             
    (1) Share-based compensation       
     Cost of product revenues$490  $672  $992  $1,179 
     Cost of service revenues 453   493   872   844 
     Research and development 1,376   1,601   2,671   2,952 
     Sales and marketing 1,784   1,944   3,366   3,307 
     General and administrative 1,766   1,840   3,416   3,513 
      $5,869  $6,550  $11,317  $11,795 
    (2) Intangible assets amortization       
     Cost of product revenues$264  $263  $529  $526 
     Cost of service revenues 160   160   320   320 
     Sales and marketing 87   152   175   340 
      $511  $575  $1,024  $1,186 
             
    (3) Restructuring expenses       
     Cost of product revenues$-  $-  $865  $89 
     Cost of service revenues -   -   49   - 
     Research and development -   -   235   20 
     Sales and marketing -   -   190   186 
     General and administrative -   -   332   - 
      $-  $-  $1,671  $295 
             



    KORNIT DIGITAL LTD.
    AND ITS SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (U.S. dollars in thousands)
        
     Three Months Ended Six Months Ended
     June 30, June 30,
      2024   2023   2024   2023 
     (Unaudited) (Unaudited)
    Cash flows from operating activities:       
            
    Net loss$(4,909) $(14,325) $(18,108) $(33,256)
    Adjustments to reconcile net loss to net cash used in operating activities:       
    Depreciation and amortization 3,191   3,654   6,515   7,527 
    Fair value of warrants deducted from revenues (313)  3,332   3,273   5,676 
    Share-based compensation 5,869   6,550   11,317   11,795 
    Amortization of premium and accretion of discount on marketable securities, net 16   202   9   525 
    Realized loss on sale and redemption of marketable securities -   (43)  -   (3)
    Change in operating assets and liabilities:       
    Trade receivables, net 1,266   (11,248)  14,171   (16,856)
    Other accounts receivables and prepaid expenses 970   (1,682)  1,484   (766)
    Inventory (3,868)  4,963   (3,964)  1,940 
    Operating leases right-of-use assets and liabilities, net (488)  (555)  (575)  (1,012)
    Deposits and other long term assets (511)  (851)  (1,219)  (1,878)
    Trade payables 1,832   (225)  (1,933)  (1,702)
    Employees and payroll accruals 1,674   1,752   522   2,489 
    Deferred revenues and advances from customers (364)  (2,199)  (672)  (3,237)
    Other payables and accrued expenses 123   (4,378)  (2,190)  (38)
    Accrued severance pay, net (30)  (161)  (62)  (62)
    Other long - term liabilities 26   (330)  (60)  (690)
    Net cash provided by (used in) operating activities$4,484  $(15,544) $8,508  $(29,548)
            
    Cash flows from investing activities:       
            
    Purchase of property, plant and equipment$(1,439) $(1,791) $(2,723) $(5,069)
    Proceeds from (investment in) short-term bank deposits, net 16,601   (219,997)  (7,796)  54,935 
    Proceeds from sales and redemption of marketable securities -   1,250   3,494   5,250 
    Proceeds from maturities of marketable securities 24,581   7,680   35,879   11,252 
    Investment in marketable securities (26,602)  (8,911)  (44,619)  (18,935)
    Net cash provided by (used in) investing activities$13,141  $(221,769) $(15,765) $47,433 
            
            
    Cash flows from financing activities:       
            
    Exercise of employee stock options$7  $53  $7  $95 
    Payments related to shares withheld for taxes (184)  (302)  (778)  (437)
    Repurchase of ordinary shares (1,427)  (14,066)  (9,055)  (20,818)
    Net cash used in financing activities$(1,604) $(14,315) $(9,826) $(21,160)
            
            
            
    Increase (decrease) in cash and cash equivalents$16,021  $(251,628) $(17,083) $(3,275)
    Cash and cash equivalents at the beginning of the period 6,501   352,950   39,605   104,597 
    Cash and cash equivalents at the end of the period$22,522  $101,322  $22,522  $101,322 
            
            
            
    Non-cash investing and financing activities:       
            
    Purchase of property and equipment on credit 105   219   105   219 
    Inventory transferred to be used as property and equipment and long term assets 455   -   1,401   - 
    Property, plant and equipment transferred to be used as inventory 166   -   320   734 
    Lease liabilities arising from obtaining right-of-use assets 338   (550)  (1,408)  5,487 
            





    KORNIT DIGITAL LTD.
    AND ITS SUBSIDIARIES
    RECONCILIATION OF GAAP NET INCOME TO ADJUSTED EBITDA
    (U.S. dollars in thousands, except share and per share data)
             
      Three Months Ended Six Months Ended
      June 30, June 30,
       2024   2023   2024   2023 
      (Unaudited) (Unaudited)
             
    GAAP Revenues $48,621  $56,199  $92,397  $103,977 
             
    GAAP Net Loss  (4,909)  (14,325)  (18,108)  (33,256)
    Taxes on income  648   430   907   624 
    Financial income  (6,435)  (7,018)  (11,781)  (12,422)
    Share-based compensation  5,869   6,550   11,317   11,795 
    Intangible assets amortization  511   575   1,024   1,186 
    Restructuring expenses  -   -   1,671   295 
    Non-GAAP Operating Loss  (4,316)  (13,788)  (14,970)  (31,778)
    Depreciation  2,680   3,079   5,491   6,341 
    Adjusted EBITDA $(1,636) $(10,709) $(9,479) $(25,437)
             


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      ROSH-HA`AYIN, Israel, April 23, 2025 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (NASDAQ:KRNT) ("Kornit" or the "Company"), a global pioneer in sustainable, on-demand, digital fashion and textile production technologies, announced today that it will release its financial results for the first quarter ended March 31, 2025 on Wednesday, May 14, prior to the market open.  The Company will host an earnings conference call and webcast reviewing these results and its operations on Wednesday, May 14, 2025 at 8:30 am ET. This conference call will be broadcast live and can be accessed by all interested parties through Kornit's website, www.kornit.com, in the "Investors" section.  The dial-in informat

      4/23/25 4:40:38 PM ET
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    • Amendment: SEC Form SCHEDULE 13G/A filed by Kornit Digital Ltd.

      SCHEDULE 13G/A - Kornit Digital Ltd. (0001625791) (Subject)

      5/6/25 4:47:25 PM ET
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    • SEC Form S-8 filed by Kornit Digital Ltd.

      S-8 - Kornit Digital Ltd. (0001625791) (Filer)

      3/27/25 11:30:29 AM ET
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    • SEC Form 20-F filed by Kornit Digital Ltd.

      20-F - Kornit Digital Ltd. (0001625791) (Filer)

      3/27/25 9:14:23 AM ET
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    • Needham reiterated coverage on Kornit Digital with a new price target

      Needham reiterated coverage of Kornit Digital with a rating of Buy and set a new price target of $28.00 from $34.00 previously

      4/8/25 8:00:25 AM ET
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    • Cantor Fitzgerald initiated coverage on Kornit Digital with a new price target

      Cantor Fitzgerald initiated coverage of Kornit Digital with a rating of Overweight and set a new price target of $39.00

      11/26/24 7:37:42 AM ET
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    • Kornit Digital upgraded by Craig Hallum with a new price target

      Craig Hallum upgraded Kornit Digital from Hold to Buy and set a new price target of $23.00

      11/9/23 7:20:21 AM ET
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    • Amendment: SEC Form SC 13G/A filed by Kornit Digital Ltd.

      SC 13G/A - Kornit Digital Ltd. (0001625791) (Subject)

      11/7/24 5:05:37 PM ET
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    • SEC Form SC 13G filed by Kornit Digital Ltd.

      SC 13G - Kornit Digital Ltd. (0001625791) (Subject)

      3/4/24 3:01:08 PM ET
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    • SEC Form SC 13G/A filed by Kornit Digital Ltd. (Amendment)

      SC 13G/A - Kornit Digital Ltd. (0001625791) (Subject)

      2/14/24 9:00:04 AM ET
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    • Kornit Digital Sets First Quarter 2025 Earnings Release Date and Webcast

      ROSH-HA`AYIN, Israel, April 23, 2025 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (NASDAQ:KRNT) ("Kornit" or the "Company"), a global pioneer in sustainable, on-demand, digital fashion and textile production technologies, announced today that it will release its financial results for the first quarter ended March 31, 2025 on Wednesday, May 14, prior to the market open.  The Company will host an earnings conference call and webcast reviewing these results and its operations on Wednesday, May 14, 2025 at 8:30 am ET. This conference call will be broadcast live and can be accessed by all interested parties through Kornit's website, www.kornit.com, in the "Investors" section.  The dial-in informat

      4/23/25 4:40:38 PM ET
      $KRNT
      Industrial Machinery/Components
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    • Kornit Digital Reports Fourth Quarter and Full Year 2024 Results

      Fourth quarter revenues of $60.7 million, in line with previous guidanceFourth quarter GAAP net income of $2.2 million; non-GAAP net income of $8.7 millionSuccessfully delivered positive EBITDA and strong cash flow from operating activities in both Q4 and for the full year 2024Breakthrough innovations and continued momentum across our markets set the stage for profitable growth in 2025 ROSH-HA`AYIN, Israel, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. ("Kornit" or the "Company") (NASDAQ:KRNT), a global leader in sustainable, on-demand, digital fashion and textile production technologies, today reported its results for the fourth quarter and full year

      2/12/25 7:15:04 AM ET
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    • Kornit Digital Sets Fourth Quarter and Full Year 2024 Earnings Release Date and Webcast

      ROSH-HA`AYIN, Israel, Jan. 20, 2025 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (NASDAQ:KRNT) ("Kornit" or the "Company"), a global pioneer in sustainable, on-demand, digital fashion and textile production technologies, announced today that it will release its financial results for the fourth quarter and full year ended December 31, 2024, on Wednesday, February 12, 2025, prior to the market open. The Company will host an earnings conference call and webcast reviewing these results and its operations on Wednesday, February 12th at 8:30 am ET. This conference call will be broadcast live and can be accessed by all interested parties through Kornit's website, www.kornit.com, in the "Inves

      1/20/25 7:45:14 AM ET
      $KRNT
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    • SolarEdge Appoints Shuki Nir as Chief Executive Officer

      SolarEdge Technologies, Inc. ("SolarEdge" or the "Company") (NASDAQ:SEDG), a global leader in smart energy technology, today announced the appointment of Mr. Shuki Nir as the Company's new Chief Executive Officer (CEO), effective immediately. Mr. Nir, who has served as SolarEdge's CMO since June 2024, will succeed Mr. Ronen Faier, who has served as the Company's Interim CEO since August 2024. Mr. Faier will stay on with the Company as an advisor during a transition period to ensure a seamless leadership transition. Mr. Nir is also replacing Mr. Zvi Lando as a member of the Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/n

      12/5/24 7:00:00 AM ET
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    • Kornit Digital Appoints Andrew G. Backman as Global Head of Investor Relations

      ROSH HA'AYN, Israel & ENGLEWOOD, N.J., June 30, 2021 (GLOBE NEWSWIRE) -- Kornit Digital ("Kornit" or "the Company") (NASDAQ:KRNT), a worldwide market leader in digital textile printing technology, announced today that Andrew G. Backman has been appointed to the newly created position of Global Head of Investor Relations, effective June 30, 2021. Mr. Backman, who will be based at the Company's U.S. Headquarters in Englewood, New Jersey, is a global investor relations executive with 20+ years of experience leading investor relations teams for high-profile growth companies and will be responsible for managing and further expanding the Company's investor relations platform across the Amer

      6/30/21 7:00:00 AM ET
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