Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry worldwide. The company's solutions include digital printing systems, ink and other consumables, associated software, and value-added services. Its products and services include direct-to-garment printing systems from smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and maintenance and support, and professional services. The company serves decorators, online businesses, brand owners, and contract printers. Kornit Digital Ltd. was incorporated in 2002 and is headquartered in Rosh HaAyin, Israel.
IPO Year: 2015
Exchange: NASDAQ
Website: kornit.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/9/2023 | $23.00 | Hold → Buy | Craig Hallum |
| 8/10/2023 | $29.00 | Equal-Weight → Overweight | Morgan Stanley |
| 2/16/2023 | $34.00 → $28.00 | Overweight → Equal Weight | Barclays |
| 1/18/2023 | $27.00 | Equal-Weight | Morgan Stanley |
| 7/6/2022 | $54.00 → $26.00 | Buy → Hold | Craig Hallum |
| 7/6/2022 | $100.00 → $50.00 | Buy → Hold | Stifel |
| 12/23/2021 | $202.00 | Buy | Needham |
| 11/4/2021 | $180.00 → $200.00 | Overweight | Barclays |
| 10/6/2021 | $145.00 → $180.00 | Overweight | Barclays |
| 8/11/2021 | $110.00 → $150.00 | Buy | Stifel |
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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 Digital Ltd. ("Kornit" or the "Company") (NASDAQ:KRNT), a global leader in sustainable, on-demand, digital fashion and textile production technologies, today reported results for t
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 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 inform
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-Shirt & Sons (TSS) – a prominent European apparel manufacturer based in the UK and the Netherlands and serving some of the largest e-commerce and retail brands - has adopted Kornit Apollo to
Apparel producer servicing major online retailers further drives analog to digital transformation with adoption of the Kornit Apollo automated, direct-to-garment platform Expanded use of Kornit MAX technology solidifies Hybrid Digital's commitment to high quality digital production, while fulfilling the rapid time-to-market needs of its selling partners ROSH-HA`AYIN, Israel, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ:KRNT) ("Kornit" or the "Company"), a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, announced today that Hybrid Digital, a division of Hybrid Apparel – an industry leading wholesaler of fashion licens
On demand manufacturer serves the world's largest global brands, retailers and e-commerce platformsOperates three locations, nearshore and onshore, running 24/7, promoting new product delivery and replenishments anywhere in the US within 1-3 days after receiving an orderSignificant investment in Kornit Apollo fleet is a continued step in company's digital transformation, shifting millions of bulk production impressions from screen to digital ROSH-HA`AYIN, Israel, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ:KRNT) ("Kornit" or the "Company"), a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, announced today Monster Di
On-demand, medium-runs production enables company to deliver custom apparel for large sports organizations while seamlessly switching designed team logos, names, and numbersSecond purchase of Kornit's Atlas MAX POLY allows DO Apparel to leverage a faster, cost-effective solution for digital production of sportswear and teamwear – more effectively than screen printing ROSH-HA`AYIN, Israel, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ:KRNT) ("Kornit" or the "Company"), a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, announced today the Company is further extending its relationship with DO Apparel – a full-service cus
German-based provider of music and event merchandise, branded fashion, and promotional apparel makes first move to digital to streamline production operations with adoption of the Kornit Apollo With Kornit's new All-Inclusive Click (AIC) Model, Print Palace embraces shift from analog to digital production, more rapidly meeting medium-run production requirements, with the highest level of quality LAS VEGAS, Sept. 12, 2024 (GLOBE NEWSWIRE) -- PRINTING UNITED EXPO - Kornit Digital LTD. (NASDAQ:KRNT) ("Kornit" or the "Company"), a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, announced today one of the largest custom music and event m
Mad Engine Global adds an additional Kornit Apollo production line and multiple Atlas MAX PLUS systems - with additional investments planned for 2025Leveraging Kornit's All-Inclusive Click (AIC) Model, Mad Engine shifts additional production volume from analog screen to on-demand digital, streamlining its supply chain to meet customer demand LAS VEGAS, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ:KRNT) ("Kornit" or the "Company"), a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, announced today that Mad Engine Global, a major licensed merchandise apparel company and early Kornit Apollo beta customer, is expanding it
T-Formation Inc. of Tallahassee, a leading screen printer for major international brands such as Adidas, PVH Corporate, and Champion, will transition large production volumes from traditional screen-printing to a fully digital print process, utilizing Kornit ApolloIncreased investment in on-demand production from legacy techniques made possible with the unparalleled quality of Kornit's MAX technology LAS VEGAS, Sept. 11, 2024 (GLOBE NEWSWIRE) -- PRINTING UNITED EXPO – Kornit Digital LTD. (NASDAQ:KRNT) ("Kornit" or the "Company"), a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, announced today yet another custom screen apparel
Global leader in print mass customization, known for its groundbreaking innovations, teams with Kornit to set new industry standards OGAT redefines traditional mass production models with cutting-edge technology, combining Kornit's digital direct-to-fabric pigment printing with a comprehensive on-demand production workflowThe future of fashion is here – limitless creativity, finished garments within days, no minimum orders, increased profitability through the elimination of unsold inventory, all within a sustainable production model LAS VEGAS, Sept. 11, 2024 (GLOBE NEWSWIRE) -- PRINTING UNITED EXPO -- Kornit Digital LTD. (NASDAQ:KRNT) ("Kornit" or the "Company"), a worldwide market leade
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
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 Digital Ltd. ("Kornit" or the "Company") (NASDAQ:KRNT), a global leader in sustainable, on-demand, digital fashion and textile production technologies, today reported results for t
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 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 inform
Second quarter revenues of $48.6 million, in line with previous guidanceSecond quarter GAAP net loss of $4.9 million; non-GAAP net income of $1.1 millionGenerated positive cash flow from operations for the second quarter of 2024Both impressions and consumables grew year-over-year during the second quarterInterest 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,
ROSH-HA`AYIN, Israel, July 22, 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, announced today that it will release its financial results for the second quarter ended June 30, 2024 on Wednesday, August 7, prior to the market open. The Company will host an earnings conference call and webcast reviewing these results and its operations on Wednesday, August 7th 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 d
First quarter revenues of $43.8 million, in line with previous guidanceFirst quarter GAAP net loss of $13.2 million; non-GAAP net loss of $5.3 millionGenerated positive cash flow from operations for the first quarter of 2024Successfully concluded Apollo beta with all three customers and built a healthy pipelineSignificant interest from new and existing customers on the all-inclusive click ("AIC") model ROSH-HA`AYIN, Israel, May 08, 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, reported today its results for the first quarter ended March 31, 2
ROSH-HA`AYIN, Israel, April 17, 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, announced today that it will release its financial results for the first quarter ended March 31, 2024, on Wednesday, May 8, 2024, prior to the market open. The Company will host an earnings conference call and webcast reviewing these results and its operations on Wednesday, May 8th 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
Fourth quarter revenues of $56.6 million, in line with previous guidanceFourth quarter GAAP net loss of $22.9 million; non-GAAP net income of $3.8 millionAchieved breakeven adjusted EBITDA and generated positive operating cash flow for the fourth quarterSuccessfully launched the Apollo platform for general commercial use in early 2024Expecting modest revenue growth, adjusted EBITDA profitability, and positive operating cash flow for the full year 2024 ROSH-HA`AYIN, Israel, Feb. 14, 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, reported toda
ROSH HA'AYIN, Israel, Jan. 29, 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, announced today that it will release its financial results for the fourth quarter and full year ended December 31, 2023, on Wednesday, February 14, 2024, prior to the market open. The Company will host an earnings conference call and webcast reviewing these results and its operations on Wednesday, February 14th 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 "Inv
Third quarter revenues of $59.2 million, in line with previous guidanceThird quarter GAAP net loss of $8.2 million; non-GAAP net loss of $3.4 millionImpressions and consumables revenues both continued to grow year-over-yearSystem sales increased quarter-over-quarter on continued conversion of ITMA ordersCompany operations have not been materially impacted by the security situation in Israel ROSH-HA'AYIN, Israel, Nov. 08, 2023 (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, reported today its results for the third quarter ended September 30, 2023. "
ROSH HA'AYIN, Israel, Oct. 23, 2023 (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, announced today that it will release its financial results for the third quarter ended September 30, 2023, on Wednesday, November 8, 2023, prior to the market open. The Company will host an earnings conference call and webcast reviewing these results and its operations on Wednesday, November 8th 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" se
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Craig Hallum upgraded Kornit Digital from Hold to Buy and set a new price target of $23.00
Morgan Stanley upgraded Kornit Digital from Equal-Weight to Overweight and set a new price target of $29.00
Barclays downgraded Kornit Digital from Overweight to Equal Weight and set a new price target of $28.00 from $34.00 previously
Morgan Stanley initiated coverage of Kornit Digital with a rating of Equal-Weight and set a new price target of $27.00
Craig Hallum downgraded Kornit Digital from Buy to Hold and set a new price target of $26.00 from $54.00 previously
Stifel downgraded Kornit Digital from Buy to Hold and set a new price target of $50.00 from $100.00 previously
Needham reiterated coverage of Kornit Digital with a rating of Buy and set a new price target of $202.00
Barclays reiterated coverage of Kornit Digital with a rating of Overweight and set a new price target of $200.00 from $180.00 previously
Barclays reiterated coverage of Kornit Digital with a rating of Overweight and set a new price target of $180.00 from $145.00 previously
Stifel reiterated coverage of Kornit Digital with a rating of Buy and set a new price target of $150.00 from $110.00 previously
Needham analyst James Ricchiuti reiterates Kornit Digital (NASDAQ:KRNT) with a Buy and maintains $27 price target.
Kornit Digital (NASDAQ:KRNT) reported quarterly losses of $(0.11) per share which beat the analyst consensus estimate of $(0.13) by 15.38 percent. The company reported quarterly sales of $43.776 million which missed the analyst consensus estimate of $45.166 million by 3.08 percent. This is a 8.38 percent decrease over sales of $47.778 million the same period last year.
Kornit Digital (NASDAQ:KRNT) reported quarterly earnings of $0.08 per share which beat the analyst consensus estimate of $(0.01) by 900 percent. This is a 161.54 percent increase over losses of $(0.13) per share from the same period last year. The company reported quarterly sales of $56.59 million which missed the analyst consensus estimate of $57.51 million by 1.61 percent. This is a 10.61 percent decrease over sales of $63.30 million the same period last year.
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