Latest news with #RonenSamuel
Yahoo
30-05-2025
- Business
- Yahoo
Kornit Digital to Participate in the William Blair 45th Annual Growth Stock Conference
ROSH-HA`AYIN, Israel, May 30, 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 announced that Ronen Samuel, Kornit's Chief Executive Officer, and Jared Maymon, the Company's Global Head of Investor Relations & Strategic Finance, will participate in a webcasted presentation at the William Blair 45th Annual Growth Stock Conference. Date: Tuesday, June 3, 2025Presentation Time: 1:00 pm ETClick here for webcast The presentation will also be available via live audio webcast and archived for replay on Kornit's investor relations website at About Kornit Digital Kornit Digital (NASDAQ: KRNT) is a worldwide market leader in sustainable, on-demand, digital fashion, and textile production technologies. The company offers end-to-end solutions including digital printing systems, inks, consumables, software, and fulfillment services through its global fulfillment network. 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 Investor Contact:Jared MaymonGlobal Head of Investor Relations & Strategic 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
Fibre2Fashion
23-05-2025
- Business
- Fibre2Fashion
Kornit & MAS ACME partner for on-demand fashion in US
Kornit Digital Ltd. (NASDAQ: KRNT) ('Kornit' or the 'Company'), a global pioneer in sustainable, on-demand digital fashion and textile production technologies, signed a strategic partnership with MAS Holdings via subsidiary MAS ACME USA—a holistic, supply chain orchestration hub, located in North America to serve sustainable fashion and apparel brands. The deal will empower MAS customers, retailers, and brands, to quickly realize the vision of data-driven fashion production and become both more sustainable and profitable. The commercial agreement directly aligns Kornit with MAS Holdings - a global leader in fashion and sportswear apparel manufacturing, delivering end-to-end supply chain orchestration and operational excellence. MAS is the largest apparel technology company in South Asia, collaborating with brands like Victoria's Secret, PVH, Gap, Marks & Spencer, and Nike. Kornit Digital has signed a strategic partnership with MAS Holdings' MAS ACME USA to revolutionise fashion production through sustainable, on-demand, data-driven solutions. Combining Kornit's digital tech with MAS' supply chain expertise, the deal enables agile, local manufacturing in North America, helping brands reduce waste, improve profits, and respond faster to market demands. This agreement formalizes the partners' commitment to building a viable production alternative for an industry plagued by overproduction, unplanned markdowns, and supply chain inefficiencies. Uniting Kornit's digital on-demand production prowess with MAS' supply chain excellence and precision data diagnostics allows brands to avoid missing sales, respond with weekly, US production runs to optimize inventory levels at retail, all while minimizing waste, maximizing full-price sell-through, and freeing up working capital. 'Fashion is the world's oldest, largest, most complex supply chain, yet it is fundamentally broken and riddled with inefficiency—we believe the need for change is urgent. This strategic agreement offers the industry a proven alternative to overproduction, waste, and disrupted supply chains,' said Ronen Samuel, Chief Executive Officer at Kornit Digital. 'Kornit and MAS ACME USA share a common thread, a commitment to 'make fashion better.' I am delighted to see Kornit's industry-leading on-demand solutions paired with MAS' pioneering approach to supply chains and manufacturing data diagnostics. Together, we unlock what the industry needs – a clear pathway to more responsible, profitable, and agile fashion production.' The strategic agreement provides brands and retailers with key benefits: On-Shore Supply Chain Flexibility eliminates the lack of responsiveness and long-lead times inherent in traditional fashion supply chains. Instead, enabling agile, local on-demand production to produce only what is needed, when and where it is required. Maximize Working Capital Efficiency and Profits by enabling brands to react rapidly to market trends that generate higher revenues through fewer missed sales and markdowns, with lower inventory carrying costs. Truly Sustainable Growth through a more responsible data-driven, on-demand production model that all stakeholders value. A solution that delights consumers with in-stock availability without needing costly, extensive inventories, profoundly reducing waste and costs. 'MAS ACME USA has demonstrated the power of end-to-end supply chain data diagnostics for our large brand and retailer clients, modeling how they can optimize their manufacturing strategy and increase profits by postponing a portion of production until much later, when the demand forecast is most accurate. Kornit's digital production systems were exactly the solution we needed to realize our vision of onshore, fully demand driven production to meet the market needs expeditiously,' said Brad Ballentine, CEO of MAS ACME USA. 'From the moment I met the Kornit team and experienced the power and quality of their solutions, I knew they were the right partner for us. We share a common vision to build a global supply chain capability that offers unprecedented flexibility and the power to transform the fashion industry into a smarter, more efficient engine. We are thrilled to announce this agreement and excited to start digital production for our customers in the US market.' Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
Associated Press
14-05-2025
- Business
- Associated Press
Kornit Digital Reports First Quarter 2025 Results
ROSH-HA`AYIN, Israel, May 14, 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 results for the first quarter ended March 31, 2025. 'We delivered to our commitments in Q1, even as we operated in an uncertain macro environment,' said Ronen Samuel, Kornit's Chief Executive Officer. 'The apparel industry is undergoing significant disruption, and there has never been a better moment for Kornit to lead. Apollo combined with our AIC model is delivering robust impressions growth and unlocking the mass production segment which represents an estimated SAM of 4.5 billion impressions.' Mr. Samuel concluded, 'The opportunity ahead is enormous, and Kornit is advancing with clarity, conviction, and purpose. We are playing offense and leading this transformation of how fashion is created, consumed, and delivered.' First Quarter 2025 Results of Operations Second Quarter 2025 Guidance For the second quarter of 2025, the Company expects revenues to be in the range of $49 million to $55 million and adjusted EBITDA margin between negative 4% and 4%. First 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 To access the call, participants may dial toll-free at 1-877-407-0792 or 1-201-689-8263. The international number is 1 809 406 247. To listen to a replay of the conference call, dial toll-free 1-844-512-2921 or 1-412-317-6671 and enter access ID 13753164. The telephonic replay will be available approximately three hours after the completion of the live call until 11:59 pm ET on May 28, 2025. 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 fashion, and textile production technologies. The company offers end-to-end solutions including digital printing systems, inks, consumables, software, and fulfillment services through its global fulfillment network. 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 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, 2024, filed with the SEC on March 28, 2025. 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]
Yahoo
14-05-2025
- Business
- Yahoo
Kornit Digital Reports First Quarter 2025 Results
First quarter revenues of $46.5 million, in line with previous guidance First quarter GAAP net loss of $5.1 million; non-GAAP net income of $0.6 million Continued to generate cash from operations, demonstrating disciplined execution Reported annual recurring revenue from AIC contracts of $14.5 million, reflecting strong initial adoption of this new business model ROSH-HA`AYIN, Israel, May 14, 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 results for the first quarter ended March 31, 2025. 'We delivered to our commitments in Q1, even as we operated in an uncertain macro environment,' said Ronen Samuel, Kornit's Chief Executive Officer. 'The apparel industry is undergoing significant disruption, and there has never been a better moment for Kornit to lead. Apollo combined with our AIC model is delivering robust impressions growth and unlocking the mass production segment which represents an estimated SAM of 4.5 billion impressions.' Mr. Samuel concluded, 'The opportunity ahead is enormous, and Kornit is advancing with clarity, conviction, and purpose. We are playing offense and leading this transformation of how fashion is created, consumed, and delivered.' First Quarter 2025 Results of Operations Total revenue for the first quarter of 2025 was $46.5 million compared with $43.8 million in the prior year period. GAAP gross profit margin for the first quarter of 2025 was 42.6% compared with 32.3% in the prior year period. On a non-GAAP basis, gross profit margin was 45.2% compared with 37.5% in the prior year period. GAAP operating expenses for the first quarter of 2025 were $31.9 million compared with $32.4 million in the prior year period. On a non-GAAP basis, operating expenses increased by 1% to $27.4 million compared with the prior year period. GAAP net loss for the first quarter of 2025 was $5.1 million, or ($0.11) per basic share, compared with net loss of $13.2 million, or ($0.28) per basic share, for the first quarter of 2024. Non-GAAP net income for the first quarter of 2025 was $0.6 million, or $0.01 per diluted share, compared with non-GAAP net loss of $5.3 million, or ($0.11) per basic share, for the first quarter of 2024. Adjusted EBITDA loss for the first quarter of 2025 was $3.9 million compared with adjusted EBITDA loss of $7.8 million for the first quarter of 2024. Adjusted EBITDA margin for the first quarter of 2025 was negative 8.4% compared with negative 17.9% for the first quarter of 2024. Second Quarter 2025 Guidance For the second quarter of 2025, the Company expects revenues to be in the range of $49 million to $55 million and adjusted EBITDA margin between negative 4% and 4%. First 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 To access the call, participants may dial toll-free at 1-877-407-0792 or 1-201-689-8263. The international number is 1 809 406 247. To listen to a replay of the conference call, dial toll-free 1-844-512-2921 or 1-412-317-6671 and enter access ID 13753164. The telephonic replay will be available approximately three hours after the completion of the live call until 11:59 pm ET on May 28, 2025. 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 fashion, and textile production technologies. The company offers end-to-end solutions including digital printing systems, inks, consumables, software, and fulfillment services through its global fulfillment network. 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 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, 2024, filed with the SEC on March 28, 2025. 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 MaymonGlobal Head of Investor Relations & Strategic DIGITAL LTD. AND ITS SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (U.S. dollars in thousands) March 31, December 31, 2025 2024 (Unaudited) (Audited) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 56,029 $ 35,003 Short-term bank deposit 226,934 205,934 Marketable securities 169,107 222,937 Trade receivables, net 61,411 65,459 Inventory 57,617 60,342 Other accounts receivable and prepaid expenses 27,079 25,714 Total current assets 598,177 615,389 LONG-TERM ASSETS: Marketable securities 61,078 48,086 Deposits and other long-term assets 10,855 10,542 Severance pay fund 305 306 Property,plant and equipment, net 63,122 59,222 Operating lease right-of-use assets 18,738 19,054 Intangible assets, net 5,339 5,721 Goodwill 29,164 29,164 Total long-term assets 188,601 172,095 Total assets 786,778 787,484 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Trade payables 5,897 9,019 Employees and payroll accruals 14,216 13,101 Deferred revenues and advances from customers 1,793 2,339 Operating lease liabilities 3,249 3,311 Other payables and accrued expenses 24,975 16,561 Total current liabilities 50,130 44,331 LONG-TERM LIABILITIES: Accrued severance pay 1,021 1,051 Operating lease liabilities 14,651 15,065 Other long-term liabilities 154 138 Total long-term liabilities 15,826 16,254 SHAREHOLDERS' EQUITY 720,822 726,899 Total liabilities and shareholders' equity $ 786,778 $ 787,484 KORNIT DIGITAL LTD. AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (U.S. dollars in thousands, except share and per share data) Three Months Ended March 31, 2025 2024 (Unaudited) Revenues Products $ 33,865 $ 29,013 Services 12,592 14,763 Total revenues 46,457 43,776 Cost of revenues Products 15,613 15,691 Services 11,044 13,946 Total cost of revenues 26,657 29,637 Gross profit 19,800 14,139 Operating expenses: Research and development, net 9,278 11,352 Sales and marketing 14,949 13,796 General and administrative 7,644 7,277 Total operating expenses 31,871 32,425 Operating loss (12,071 ) (18,286 ) Financial income, net 7,383 5,346 Loss before taxes on income (4,688 ) (12,940 ) Taxes on income 371 259 Net loss $ (5,059 ) $ (13,199 ) Basic loss per share $ (0.11 ) $ (0.28 ) Weighted average number of shares used in computing basic net loss per share 45,801,003 47,611,456 Diluted loss per share $ (0.11 ) $ (0.28 ) Weighted average number of shares used in computing diluted net loss per share 45,801,003 47,611,456 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 March 31, 2025 2024 (Unaudited) Revenues $ 46,457 $ 43,776 GAAP cost of revenues $ 26,657 $ 29,637 Cost of product recorded for share-based compensation (1) (519 ) (502 ) Cost of service recorded for share-based compensation (1) (395 ) (419 ) Intangible assets amortization on cost of product (2) (148 ) (265 ) Intangible assets amortization on cost of service (2) (160 ) (160 ) Restructuring expenses (3) - (914 ) Non-GAAP cost of revenues $ 25,435 $ 27,377 GAAP gross profit $ 19,800 $ 14,139 Gross profit adjustments 1,222 2,260 Non-GAAP gross profit $ 21,022 $ 16,399 GAAP operating expenses $ 31,871 $ 32,425 Share-based compensation (1) (4,406 ) (4,527 ) Intangible assets amortization (2) (74 ) (88 ) Restructuring expenses (3) - (757 ) Non-GAAP operating expenses $ 27,391 $ 27,053 GAAP Financial income, net $ 7,383 $ 5,346 Foreign exchange losses associated with ASC 842 (43 ) 385 Non-GAAP Financial income , net $ 7,340 $ 5,731 GAAP Taxes on income $ 371 $ 259 Non-cash deferred tax income - 87 Non-GAAP Taxes on income $ 371 $ 346 GAAP Net loss $ (5,059 ) $ (13,199 ) Share-based compensation (1) 5,320 5,448 Intangible assets amortization (2) 382 513 Restructuring expenses (3) - 1,671 Foreign exchange losses associated with ASC 842 (43 ) 385 Non-cash deferred tax income - (87 ) Non-GAAP net income (loss) $ 600 $ (5,269 ) GAAP diluted loss per share $ (0.11 ) $ (0.28 ) Non-GAAP diluted income (loss) per share $ 0.01 $ (0.11 ) Weighted average number of shares Shares used in computing GAAP diluted net loss per share 45,801,003 47,611,456 Shares used in computing Non-GAAP diluted net income (loss) per share 46,355,596 47,611,456 (1) Share-based compensation Cost of product revenues $ 519 $ 502 Cost of service revenues 395 419 Research and development 1,202 1,295 Sales and marketing 1,537 1,582 General and administrative 1,667 1,650 $ 5,320 $ 5,448 (2) Intangible assets amortization Cost of product revenues $ 148 $ 265 Cost of service revenues 160 160 Sales and marketing 74 88 $ 382 $ 513 (3) Restructuring expenses Cost of product revenues $ - $ 865 Cost of service revenues - 49 Research and development - 235 Sales and marketing - 190 General and administrative - 332 $ - $ 1,671 KORNIT DIGITAL LTD. AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (U.S. dollars in thousands) Three Months Ended March 31, 2025 2024 (Unaudited) Cash flows from operating activities: Net loss $ (5,059 ) $ (13,199 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 2,846 3,324 Fair value of warrants deducted from revenues - 3,586 Share-based compensation 5,320 5,448 Amortization of premium and accretion of discount on marketable securities, net (304 ) (7 ) Realized loss on sale and redemption of marketable securities (22 ) - Change in operating assets and liabilities: Trade receivables, net 4,048 12,905 Other accounts receivables and prepaid expenses (1,365 ) 514 Inventory 2,320 (96 ) Operating leases right-of-use assets and liabilities, net (160 ) (87 ) Deposits and other long term assets (313 ) (708 ) Trade payables (5,310 ) (3,765 ) Employees and payroll accruals 2,092 (1,152 ) Deferred revenues and advances from customers (546 ) (308 ) Other payables and accrued expenses 2,230 (2,313 ) Accrued severance pay, net (29 ) (32 ) Other long - term liabilities 16 (86 ) Net cash provided by operating activities 5,764 4,024 Cash flows from investing activities: Purchase of property, plant and equipment (3,771 ) (1,284 ) Proceeds from investment in short-term bank deposits, net (21,000 ) (24,397 ) Proceeds from sales and redemption of marketable securities 2,800 3,494 Proceeds from maturities of marketable securities 65,320 11,298 Investment in marketable securities (25,815 ) (18,017 ) Net cash provided by (used in) investing activities 17,534 (28,906 ) Cash flows from financing activities: Exercise of employee stock options 529 - Payments related to shares withheld for taxes (977 ) (594 ) Repurchase of ordinary shares (1,824 ) (7,628 ) Net cash used in financing activities (2,272 ) (8,222 ) Increase (decrease) in cash and cash equivalents 21,026 (33,104 ) Cash and cash equivalents at the beginning of the period 35,003 39,605 Cash and cash equivalents at the end of the period $ 56,029 $ 6,501 Non-cash investing and financing activities: Purchase of property and equipment on credit 2,435 92 Inventory transferred to be used as property and equipment and Equipment on lease 405 946 Property, plant and equipment transferred to be used as inventory - 154 Lease liabilities arising from obtaining right-of-use assets 522 (1,746 ) 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 March 31, 2025 2024 (Unaudited) GAAP Revenues $ 46,457 $ 43,776 GAAP Net loss (5,059 ) (13,199 ) Taxes on income 371 259 Financial income (7,383 ) (5,346 ) Share-based compensation 5,320 5,448 Intangible assets amortization 382 513 Restructuring expenses - 1,671 Non-GAAP Operating loss (6,369 ) (10,654 ) Depreciation 2,464 2,811 Adjusted EBITDA $ (3,905 ) $ (7,843 ) Sign in to access your portfolio
Yahoo
26-03-2025
- Business
- Yahoo
Top U.S. Patriotic Apparel Brand Deploys Kornit Digital's Flagship Apollo System to Unlock the Agility of Digital Printing
Grunt Style significantly increases production speed and shortens reaction time for surging customer demand – powered by the automated Kornit Apollo direct-to-garment digital print solution. Addition of digital production to existing screen printing ensures no item is ever out of stock as demand grows for patriotic apparel ROSH-HA`AYIN, Israel, March 26, 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, today announced that Grunt Style – one of America's most recognized patriotic apparel brands – is making a bold move from analog screen printing to digital production with Kornit Apollo. This strategic shift provides Grunt Style the agility necessary to eliminate stock shortages, produce at record speeds, and meet demand with unmatched efficiency, all while supporting a commitment to high-quality, American-made apparel. Founded in 2009 by a former Army Drill Sargent, Grunt Style has built a fiercely loyal following by combining disruptive marketing, premium apparel, and an unapologetic commitment to American pride. With 17 retail stores and distribution across more than 2,500 locations, the brand required a production solution that could scale with e-commerce and retail demand – without delays or waste. The Kornit Apollo direct-to-garment platform is specifically designed to address these needs with a solution that revolutionizes the supply chain by unlocking new levels of speed and flexibility. Apollo is unmatched in the market, setting the bar for high speed, retail quality direct-to- garment digital printing – enabling customers to gain a competitive edge through: Unmatched speed with ability to produce up to 400 garments per hour Automated loading and unloading of garments Auto-sized pallet shifting per garment size One-step system managed by a single operator 'Speed, efficiency and quality are critical to our success at Grunt Style – and Kornit Apollo delivers. With the power to manage fully automated, on-demand production, we're now able to eliminate stock shortages, produce at record speeds, and scale seamlessly – without compromising our commitment to premium apparel,' said Bill Hammond, CFO/COO at Grunt Style. 'This isn't just an upgrade; it's a fundamental shift in how we're able to meet customer demand in real-time.' 'Apparel isn't just about the garments; its a new form of self-expression. That's why brands such as Grunt Style have become so popular, as consumers want to share their love of country and community with great looking fashion garments,' said Ronen Samuel, Chief Executive Officer at Kornit Digital. 'For brands and producers, speed and agility are the key factors that truly define success in today's apparel market – and Apollo is designed from the bottom up to meet these requirements. With Apollo, there's virtually no limit to what our customers can achieve. This is the future of on-demand production.' To learn more about Kornit Apollo and how it's revolutionizing the transition from screen to digital production, visit About Kornit DigitalKornit Digital (NASDAQ: KRNT) is a worldwide market leader in sustainable, on-demand, digital fashion, and textile production technologies. The company offers end-to-end solutions including digital printing systems, inks, consumables, software, and fulfillment services through its global fulfillment network. 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 Kornit Media ContactCraig LibrettPublic Ingrid Van LoockePublic Relations – Europeingrid@ in to access your portfolio
