Latest news with #KRNT
Yahoo
15-05-2025
- Business
- Yahoo
Kornit Digital Ltd (KRNT) Q1 2025 Earnings Call Highlights: Strong Revenue Performance Amid ...
Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Kornit Digital Ltd (NASDAQ:KRNT) met its Q1 2025 revenue expectations with $46.5 million and an adjusted EBITDA margin of 8.4%, demonstrating strong financial performance. The company generated positive cash flow from operations, highlighting the strength of its business model and disciplined execution. Kornit Digital Ltd (NASDAQ:KRNT) is well-positioned to benefit from the apparel industry's shift towards on-demand, local production, driven by changing consumer demands and trade policy developments. The Apollo system has been successfully adopted, showing strong growth in impressions and replacing traditional screen printing methods, which indicates a significant market opportunity. The company's AIC model has reached $14.5 million in annual recurring revenue, validating its strategy of emphasizing recurring revenue streams. Macro conditions have delayed some planned system purchases in Q1, indicating potential challenges in the sales cycle. The company faces uncertainties due to evolving trade policies, which could impact costs and operations. Service revenue declined year over year due to fewer upgrades of the Atlas Max, partially offset by upgrades to Max Plus with lower average selling prices. The company anticipates a negative adjusted EBITDA margin in the range of -4% to 4% for Q2 2025, reflecting ongoing challenges. A major Apollo customer delayed their purchase, which could impact the company's ability to meet its target of delivering 30 Apollo systems this year. Warning! GuruFocus has detected 2 Warning Signs with KRNT. Q: What are you seeing from customers given recent changes in tariffs and trade supply chains? A: Ronan Samuel, CEO: The fashion textile market is undergoing significant disruption, with consumers demanding instant gratification, variety, and fast delivery. Traditional mass production models in low-cost countries are becoming obsolete, leading to waste and inventory issues. Recent tariffs and trade changes are accelerating the shift towards local manufacturing. Brands and retailers are actively seeking to connect with local manufacturers to remain relevant and reduce inventory. Kornit is playing a key role in this transition, with technology like Apollo enabling mass production and attracting new customers, particularly screen printers entering digital for the first time. Q: Can you discuss the Apollo placement number for the year versus previous expectations for 30 systems? A: Ronan Samuel, CEO: Feedback on Apollo has been overwhelmingly positive, with customers seeing it as a game-changer in terms of quality, automation, and cost. The pipeline is strong, primarily with new customers from the screen printing market. We still expect to deliver approximately 30 Apollo systems this year, despite some delays from customers planning multiple system purchases. The pipeline is filled with new and existing customers, and we remain optimistic about Apollo's future. Q: Can you unpack the ARR number for AIC and provide context on its growth? A: Ronan Samuel, CEO: The ARR of $14.5 million is a mix of Apollo and Atlas systems, exceeding expectations. The pipeline for AIC is strong, with more deliveries expected in Q2 and beyond. The ARR reflects minimum annual volume commitments, and we anticipate significant growth in AIC revenue, contributing to stronger performance in the second half of 2025. Q: How long should we expect for the catalysts like the shift to on-demand and closing the de minimis loophole to play out? A: Ronan Samuel, CEO: While some growth is short-term, such as Apollo's impact on mass production, major brands are undergoing pilots and starting small before scaling. We expect some benefits in H2 2025, with more significant impacts in 2026 as brands leverage on-demand production and technology. Q: Are there any differences in how direct sales and the AIC model are impacted by tariffs? A: Laurie Hanover, CFO: For tariff purposes, the price at which products are sold from Israel to the US subsidiary is what matters, not whether it's a direct sale or AIC. The price is on a cost-plus basis, and parts manufactured in the US are excluded. We expect only a modest impact on cost of goods sold from tariffs. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Kornit Digital: Q1 Earnings Snapshot
ROSH-HAAYIN, Israel (AP) — ROSH-HAAYIN, Israel (AP) — Kornit Digital Ltd. (KRNT) on Wednesday reported a loss of $5.1 million in its first quarter. On a per-share basis, the Rosh-Haayin, Israel-based company said it had a loss of 11 cents. Earnings, adjusted for one-time gains and costs, came to 1 cent per share. The digital textile printer posted revenue of $46.5 million in the period. For the current quarter ending in June, Kornit Digital said it expects revenue in the range of $49 million to $55 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on KRNT at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
San Francisco Chronicle
14-05-2025
- Business
- San Francisco Chronicle
Kornit Digital: Q1 Earnings Snapshot
ROSH-HAAYIN, Israel (AP) — ROSH-HAAYIN, Israel (AP) — Kornit Digital Ltd. (KRNT) on Wednesday reported a loss of $5.1 million in its first quarter. On a per-share basis, the Rosh-Haayin, Israel-based company said it had a loss of 11 cents. Earnings, adjusted for one-time gains and costs, came to 1 cent per share. The digital textile printer posted revenue of $46.5 million in the period. For the current quarter ending in June, Kornit Digital said it expects revenue in the range of $49 million to $55 million.
Business Insider
09-05-2025
- Business
- Business Insider
Analysts Offer Insights on Industrial Goods Companies: Kornit Digital (KRNT) and ZipRecruiter (ZIP)
There's a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Kornit Digital (KRNT – Research Report) and ZipRecruiter (ZIP – Research Report) with bullish sentiments. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Kornit Digital (KRNT) William Blair analyst Brian Drab maintained a Buy rating on Kornit Digital yesterday. The company's shares closed last Thursday at $19.18. According to Drab is a 4-star analyst with an average return of 17.9% and a 65.0% success rate. Drab covers the Industrial Goods sector, focusing on stocks such as Donaldson Company, Generac Holdings, and nVent Electric. Currently, the analyst consensus on Kornit Digital is a Strong Buy with an average price target of $29.60. ZipRecruiter (ZIP) In a report released yesterday, Ralph Schackart from William Blair maintained a Buy rating on ZipRecruiter. The company's shares closed last Thursday at $5.71, close to its 52-week low of $5.26. ZipRecruiter has an analyst consensus of Hold, with a price target consensus of $7.60.
Yahoo
29-03-2025
- Business
- Yahoo
Kornit Digital Full Year 2024 Earnings: EPS Misses Expectations
Revenue: US$203.8m (down 7.3% from FY 2023). Net loss: US$16.8m (loss narrowed by 74% from FY 2023). US$0.35 loss per share (improved from US$1.31 loss in FY 2023). The end of cancer? These 15 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%. The primary driver behind last 12 months revenue was the United States (U.S.) segment contributing a total revenue of US$115.0m (56% of total revenue). Notably, cost of sales worth US$110.1m amounted to 54% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to US$58.2m (45% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$17.7m. Explore how KRNT's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in the US. Performance of the American Machinery industry. The company's shares are down 11% from a week ago. Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Kornit Digital that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
