Kornit Digital Ltd
NASDAQ:KRNT
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Kornit Digital Ltd
Nestled within the intricate tapestry of the textile and fashion industries, Kornit Digital Ltd. emerges as a technological virtuoso, harmonizing the artistry of design with the precision of digital printing. Founded in 2002 and headquartered in Israel, Kornit has reimagined the traditional textile printing landscape with its state-of-the-art digital printing solutions. The company specializes in developing, manufacturing, and marketing industrial digital printing technologies for the garment, apparel, and home décor industries. Kornit’s innovation lies in its eco-friendly, sustainable approach to textile production, which eliminates the need for water as a primary resource in printing, reducing the environmental impact significantly. This aligns beautifully with the growing demand for sustainable practices in fashion and textiles, propelling Kornit as a leader in its niche field.
Kornit Digital generates revenue primarily through the sale of its advanced printing systems and the recurring supply of its proprietary inks and consumables. The company’s unique model allows customers to execute prints directly onto textiles from digital files, minimizing waste and aligning with the need for fast-paced, on-demand production. Kornit's business also thrives on its suite of services, enhancing client efficiency and profitability, which includes support, maintenance, and consultancy to optimize machine performance. By enabling its clients to meet the ever-evolving demands for high-quality, customized textile products swiftly and sustainably, Kornit not only fuels its own growth but also helps redefine the textile printing paradigm in the digital era.
Nestled within the intricate tapestry of the textile and fashion industries, Kornit Digital Ltd. emerges as a technological virtuoso, harmonizing the artistry of design with the precision of digital printing. Founded in 2002 and headquartered in Israel, Kornit has reimagined the traditional textile printing landscape with its state-of-the-art digital printing solutions. The company specializes in developing, manufacturing, and marketing industrial digital printing technologies for the garment, apparel, and home décor industries. Kornit’s innovation lies in its eco-friendly, sustainable approach to textile production, which eliminates the need for water as a primary resource in printing, reducing the environmental impact significantly. This aligns beautifully with the growing demand for sustainable practices in fashion and textiles, propelling Kornit as a leader in its niche field.
Kornit Digital generates revenue primarily through the sale of its advanced printing systems and the recurring supply of its proprietary inks and consumables. The company’s unique model allows customers to execute prints directly onto textiles from digital files, minimizing waste and aligning with the need for fast-paced, on-demand production. Kornit's business also thrives on its suite of services, enhancing client efficiency and profitability, which includes support, maintenance, and consultancy to optimize machine performance. By enabling its clients to meet the ever-evolving demands for high-quality, customized textile products swiftly and sustainably, Kornit not only fuels its own growth but also helps redefine the textile printing paradigm in the digital era.
Revenue: Revenue for the third quarter was $53.1 million, up 5% year-over-year and within the guidance range.
Profitability: Adjusted EBITDA margin was 2%, above the midpoint of guidance, with continued positive operating cash flow for the eighth consecutive quarter.
Recurring Revenue: The All-Inclusive Click (AIC) model and annual recurring revenue (ARR) reached $21.5 million at the end of Q3 and $23.1 million by early Q4, showing strong growth.
Guidance: Fourth quarter revenue is expected between $56 million and $60 million, with adjusted EBITDA margin guidance of 7% to 10%.
Strategic Shift: Kornit is deliberately transitioning from upfront equipment sales to a recurring usage-based model, impacting short-term revenue but building long-term predictability.
2026 Outlook: Management expects low single-digit top-line growth for 2026, but stronger expansion in recurring revenue and EBITDA.
New Segments: Kornit launched a digital footwear solution, with over 1 million pairs already produced using its technology, and sees this as a key future growth pillar.
