logo
Twitter
Discord
Email
logo
Kornit Digital Ltd.

Kornit Digital Ltd.

NASDAQ•KRNT
CEO: Mr. Ronen Samuel
Sector: Industrials
Industry: Industrial - Machinery
Listing Date: 2015-04-02
Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its solutions include digital printing systems, ink and other consumables, associated software, and value-added services. The company's products and services include direct-to-garment printing platform for smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and system upgrade kits, maintenance and support, consulting, and professional services. It serves decorators, online businesses, brand owners, and contract printers. Kornit Digital Ltd. was incorporated in 2002 and is headquartered in Rosh Haayin, Israel.
Contact Information
12 Ha’Amal Street, Afek Park, Rosh Haayin, 4809246, Israel
972-3-908-5800
www.kornit.com
Market Cap
$609.75M
P/E (TTM)
-54.1
27.5
Dividend Yield
--
52W High
$34.29
52W Low
$12.78
52W Range
3%
3.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q2 2025 Data

Revenue

$49.75M+1.68%
4-Quarter Trend

EPS

-$0.17+70.00%
4-Quarter Trend

FCF

-$2.08M-169.34%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Gross Margin Jumps 14.5 Points Gross margin reached 45.0% in 2024, up from 30.5% in 2023, driven by cost base reductions and sales mix.
Net Loss Narrows Substantially Net loss decreased 74.0% to $16.8M in 2024 from $64.4M in 2023, reflecting operational efficiencies achieved.
Operating Cash Flow Turns Positive Operating cash flow provided $48.7M in 2024, a major swing from $(34.7M) used in 2023, supporting liquidity.
Ink Revenue Shows Resilience Ink and consumables revenue increased 2.5% to $114.9M in 2024, partially offsetting system revenue declines.

Risk Factors

High Customer Revenue Concentration Top customer accounted for 30% of 2024 total revenues; loss of major customer materially impacts results.
Macro Headwinds Affect Sales Inflation and high interest rates adversely impact customer capital expenditure budgets, lengthening sales cycles.
Israel Conflict Operational Risk Headquarters and manufacturing in Israel face risks from ongoing military conflicts, potentially disrupting supply chains.
Reliance on Supplier Continuity Business depends on sole-source suppliers for key components like print heads, risking manufacturing delays.

Outlook

Expand Growth Markets Strategy Plan to grow customer base by targeting adjacent markets, focusing on bulk apparel, footwear, and technical apparel.
New Share Repurchase Authorized Board authorized a new $100M share repurchase program in September 2024; $75M executed via ASR agreement.
Maximize Impressions and Utilization Focus on increasing sales via value-added services, enhancing system availability, and driving ink/consumables purchases.

Peer Comparison

Revenue (TTM)

Hyster-Yale, Inc.HY
$3.95B
-7.1%
Forward Air CorporationFWRD
$2.52B
+35.2%
Compass DiversifiedCODI
$2.20B
+4.2%

Gross Margin (Latest Quarter)

EHang Holdings LimitedEH
62.6%
+0.2 pp
Compass DiversifiedCODI
49.4%
+13.6 pp
Kornit Digital Ltd.KRNT
43.8%
-2.2 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
LTBR$695.26M-40.1-26.8%0.0%
GHM$683.69M49.111.8%2.6%
TRNS$677.03M50.64.7%16.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.6%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 27, 2025|
    Revenue: $203.83M-7.3%
    |
    EPS: $-0.35+73.3%
    Miss

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 28, 2024|
    Revenue: $219.79M-19.1%
    |
    EPS: $-1.31+17.6%
    Miss

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Mar 30, 2023|
    Revenue: $271.52M-15.7%
    |
    EPS: $-1.59-581.8%
    Miss

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Mar 30, 2022|
    Revenue: $322.01M+66.6%
    |
    EPS: $0.33+400.0%
    Miss

  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Mar 25, 2021|
    Revenue: $193.33M+7.5%
    |
    EPS: $-0.11-140.7%
    Miss