JUMP REPORT
Avg Daily Volume: 192,003 Market Cap: 1.38B
Sector: None Short Interest: 8.49
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .18/share REV: 49.07/M
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LAST QTR: EPS: .13/share ACTUAL: .08/share (MISS)
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NEXT QTR: EPS: .19/share REV: 49.35/M
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FULL YR: EPS: .49/share REV: 181.47/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 45% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -7.84, -7.78, 14.33
EXPECTED JUMP MOVE: 8-10%
Links To Latest News and Headlines
ROSH HA’AYIN, Israel, April 21, 2021 (GLOBE NEWSWIRE) — Kornit Digital (Nasdaq: KRNT), a company that develops, manufactures and markets industrial digital printing technologies for the textile industry, today announced that it will release its earnings results for the first quarter ended March 31, 2021 on Tuesday, May 11, 2021 before the market opens. Management will host a conference call and webcast to discuss the Company’s financial results on Tuesday, May 11th at 8:30 am ET. Kornit Digital First Quarter 2021 Financial Results Conference CallWhen: Tuesday, May 11, 2021Time: 8:30 am ETConference ID: 13719064Live Call: 1-877-407-0792 (US/Canada Toll-Free), 1-201-689-8263 (International) or 1 809 406 247 (Israeli Toll-Free)Replay ID: 13719064Replay: 1-844-512-2921 (US/Canada Toll-Free) or 1-412-317-6671 (International)(The replay will be available approximately two hours after the completion of the live call until 11:59 pm ET on May 25, 2021)A live webcast of this conference call will be available on the “Investor Relations” page of the company’s website (https://ir.kornit.com/), and a replay will be archived on the website. About Kornit Digital Kornit Digital Ltd. (NASDAQ: KRNT) develops, manufactures and markets industrial digital printing technologies for the garment, apparel and textile industries. Kornit delivers complete solutions, including digital printing systems, inks, consumables, software and after-sales support. Leading the digital direct-to-garment printing market with its exclusive eco-friendly NeoPigment printing process, Kornit caters directly to the changing needs of the textile printing value chain. Kornit’s technology enables innovative business models based on web-to-print, on-demand and mass customization concepts. With its immense experience in the direct-to-garment market, Kornit also offers a revolutionary approach to the roll-to-roll textile printing industry: digitally printing with a single ink set onto multiple types of fabric with no additional finishing processes. Founded in 2002, Kornit Digital is a global company, headquartered in Israel with offices in the USA, Europe and Asia Pacific, and serves customers in more than 100 countries worldwide. Press releaseKornit Digital 480 South Dean StreetEnglewood, NJ 07631, USATel: 201.608.5750www.kornit.com Investor contactMonica GouldThe Blueshirt Group monica@blueshirtgroup.com212-871-3927
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ROSH HA’AYIN, Israel, March 29, 2021 (GLOBE NEWSWIRE) — Kornit Digital (Nasdaq: KRNT), a worldwide market leader in digital textile printing technology, announced on March 25, 2021 that its annual report on Form 20-F, containing audited consolidated financial statements for the year ended December 31, 2020, as filed with the Securities and Exchange Commission, is available through its website (http://www.kornit.com). Shareholders may receive a hard copy of the annual report free of charge upon request. This press release is being issued pursuant to NASDAQ Listing Rule 5250(d)(1)(C). About Kornit Digital Kornit Digital (NASDAQ:KRNT) develops, manufactures and markets industrial digital printing technologies for the garment, apparel and textile industries. Kornit delivers complete solutions, including digital printing systems, inks, consumables, software and after-sales support. Leading the digital direct-to-garment and direct-to-fabric printing market with its exclusive eco-friendly NeoPigment printing process, Kornit caters directly to the changing needs of the textile printing value chain. Kornit’s technology enables innovative business models based on web-to-print, on-demand and mass customization concepts. With its immense experience in the direct-to-garment market, Kornit also offers a revolutionary approach to the roll-to-roll textile printing industry: Digitally printing with a single ink set onto multiple types of fabric with no additional finishing processes. Founded in 2002, Kornit Digital is a global company, headquartered in Israel with offices in the USA, Europe and Asia Pacific, and serves customers in more than 100 countries and states worldwide. For more information, visit Kornit Digital at www.kornit.com. Press release12 Ha’Amal St., Afek Park,Rosh-Ha’Ayin 4809246, IsraelTel: +972.3.908.5800www.kornit.com Press contactCarmen Deville MakoverHead of Global PRcarmen.makover@kornit.com
Printful’s booming activity of digital-native micro-brands, creative apparel designers, and social media influencers requires expansion in global fulfillment capacityROSH HA’AYIN, Israel, March 17, 2021 (GLOBE NEWSWIRE) — Kornit Digital (Nasdaq: KRNT), a worldwide market leader in digital textile printing technology, announced global on-demand printing and warehousing provider Printful will be adding more than 50 Kornit Atlas systems during 2021 for direct-to-garment (DTG) production on demand, representing a considerable expansion of their current production capabilities. This coincides with the print-on-demand leader’s addition of new production facilities in Los Angeles, Dallas, Charlotte, Mexico, Spain, and Canada, as well as expansion of existing facilities globally. Named among Deloitte’s 2020 Technology Fast 500™ with three-year revenue growth of 441%, more than $722 million in goods sold by customers through the company’s online platform to date, and almost 30 million items delivered, Printful has provided a consistent model of success for on-demand fulfillment to B2B and B2C customers in the e-commerce age. “Consumers today want customization and personalization, social media engagement, responsible and eco-friendly business practices, and instant gratification—whether they’re buying, designing, or building their own personal brand,” said Davis Siksnans, Printful Co-Founder and CEO. “Kornit’s agile, versatile, efficient technologies power our success by answering those demands with ease, and their quality, reliability, and scalability are a key reason we’re now shipping more than a million finished pieces every month. By bringing our proven production capabilities to more corners of the globe, Printful will be positioned to meet and exceed the demands of today’s creative digital natives for years to come.” “Printful offers a complete platform to give creators and entrepreneurs worldwide an end-to-end fulfillment experience, from design to production to delivery of a finished product,” said Ronen Samuel, Kornit Digital CEO. “As an early adopter of Kornit technology, they’ve grown from a small print operation to become a global leader in taking digital creative concepts and making them real. They demonstrate the overwhelming potential of digital transformation, creating a mega-marketplace that empowers enterprising digital natives to conceive and scale their brands—and thanks to Kornit, they’re also demonstrating how on-demand digital production can make apparel a cleaner, more sustainable, more responsible enterprise.” About Kornit Digital Kornit Digital (NASDAQ:KRNT) develops, manufactures and markets industrial digital printing technologies for the garment, apparel and textile industries. Kornit delivers complete solutions, including digital printing systems, inks, consumables, software and after-sales support. Leading the digital direct-to-garment and direct-to-fabric printing market with its exclusive eco-friendly NeoPigment printing process, Kornit caters directly to the changing needs of the textile printing value chain. Kornit’s technology enables innovative business models based on web-to-print, on-demand and mass customization concepts. With its immense experience in the direct-to-garment market, Kornit also offers a revolutionary approach to the roll-to-roll textile printing industry: Digitally printing with a single ink set onto multiple types of fabric with no additional finishing processes. Founded in 2002, Kornit Digital is a global company, headquartered in Israel with offices in the USA, Europe and Asia Pacific, and serves customers in more than 100 countries worldwide. For more information, visit Kornit Digital at www.kornit.com. About Printful Printful is an on-demand printing and warehousing company that helps people turn their ideas into brands and products. The company fulfills and ships custom clothing, accessories, and home & living items for online businesses. Since its founding in 2013, Printful has been trusted to deliver 29M+ items, and in 2019 the company hit a revenue milestone of $116 million. Printful has scaled to a team of 1,600+ people across nine fulfillment centers around the world. Press release12 Ha`Amal St., Afek Park,Rosh-Ha`Ayin 4809246, IsraelTel: +972.3.908.5800www.kornit.com Press contactCarmen Deville MakoverHead of Global PRcarmen.makover@kornit.com
Over 30 leading fashion designers present their collections from March 28th – April 1st, 2021 TEL AVIV, Israel, March 16, 2021 (GLOBE NEWSWIRE) — Motty Reif, Founder of Fashion Week Tel Aviv along with Kornit Digital (Nasdaq: KRNT), worldwide market leader in digital textile printing technology, is pleased to announce Kornit Fashion Week Tel Aviv 2021, viewable online via Fashion Week Tel Aviv (fashionweektelaviv.com) from March 28 – April 1, 2021. Celebrating its 10th anniversary, this year’s event focuses on the collaboration between technology and fashion in order to drive sustainability practices across the entire fashion industry. When bold creativity and designer talent converges with Kornit Digital’s disruptive and innovative fashion printing technology, designers globally are enabled to create sustainable collections without any production barriers. Kornit Fashion Week Tel Aviv highlights collections from over 30 fashion designers including Alon Livne, Victor Bellaish, Shahar Avnet, Dorin Frankfurt, Lara Rosnovsky and Sasson Kedem, to name a few, who will be showing pieces from their collections which use Kornit Digital’s innovative technology both in their prototypes and in their production practices. Kornit Digital printers and services are available worldwide enabling the entire fashion ecosystem to be driven by demand rather than supply, meaning brands produce only what is sold. This ‘on-demand’ approach is the future of fashion production, eliminating material, water, and transport waste, reducing energy and pollution of natural resources, presenting a fully sustainable production solution all the way through. A selection of eight up-and-coming designers all of whom are part of the Upcoming Designers Greenhouse by Mifal Ha’Pais, the Israeli lottery. As part of the prestigious Greenhouse grant, now in its sixth year, each designer receives a grant of 120,000 NIS which goes towards designing and producing a runway collection, as well as mentorship from a senior designer and a business mentor. This year, the promising collections are to be launched at Kornit Fashion Week Tel Aviv. This year’s winners include: Nofar Duchovny (TUTU.B), Shadi Magleton (SFM), Dennis and Artium Ryabko (HAVIE mnfct), Anat Friedman, Amit Luzon and Eyal Eliyahu (ADISH), Yifat Finkelstein, Ariel Toledano (Maison Ariel Toledano) and Or Eidelman (E218 Studio) Another component to Kornit Fashion Week Tel Aviv 2021 is a show from Israel’s Shenkar College fashion department whereby 45 looks will be presented. Each piece has been designed by second, third- and fourth-year students from multiple courses such as: tailoring, denim, evening wear, menswear, knits, genderless and sustainability. Selected looks are divided into 3 groups: colorful casual streetwear, earthy pastels presented by dancers, and tailored, avant-garde black and whites. The opening gala will be hosted by supermodel Bar Rafaeli and Tel Aviv Fashion Week founder Motty Reif, kicking off the week airing March 28. View the Kornit Fashion Week Tel Aviv schedule at fashionweektelaviv.com. Instagram: @kornitfashionweektelavivFacebook: Facebook.com/FashionWeekTelAviv Fashion Week Tel Aviv was conceived by Motty Reif, who in 2011 decided to revive fashion in Israel, bring back its spirit and glory from the 1980s, and change the global perception of the country. The event’s 10th anniversary marks a collaboration with Kornit Digital and offers a celebration of Israeli design talent, tech and innovation. “A decade ago, I started Tel Aviv Fashion Week in order to promote our local talent internationally. For the past five years, we’ve been a driving force behind inclusivity in fashion, and now we are tackling the industry’s most pressing issue of our time and joining forces with Kornit in order to make production more sustainable—startup nation technology meets fashion, to change the world together.”- Motty Reif, Founder, Fashion Week Tel Aviv Kornit’s single-step patent technology empowers designers to create high-quality collections without worrying about the overstock that traditional fashion cycles produce. With its cutting-edge solutions that are at the forefront of the direct-to-garment and direct-to-fabric world, Kornit Digital is well-positioned to further drive the full digitization of the fashion industry. “For more than a decade, Kornit has led the charge for on-demand production, and our innovations ensure fashion designers can deliver brilliant designs, limitless color combinations, the finest hand-feel, and unparalleled durability, all while changing the game with production practices that are simultaneously more profitable, more responsive to spontaneous and shifting demand, and more eco-responsible. I couldn’t be prouder to present an event that is widely recognized as a beacon for global movements and agendas and demonstrate how diversity and individual expression can be enriched and celebrated hand-in-hand with our shared vision of a more sustainable world.”- Ronen Samuel, CEO, Kornit Digital About Kornit DigitalKornit Digital (NASDAQ:KRNT) develops, manufactures and markets industrial digital printing technologies for the garment, apparel and textile industries. Kornit delivers complete solutions, including digital printing systems, inks, consumables, software and after-sales support. Leading the digital direct-to-garment printing market with its exclusive eco-friendly NeoPigment printing process, Kornit caters directly to the changing needs of the textile printing value chain. Kornit’s technology enables innovative business models based on web-to-print, on-demand and mass customization concepts. With its immense experience in the direct-to-garment market, Kornit also offers a revolutionary approach to the roll-to-roll textile printing industry: Digitally printing with a single ink set onto multiple types of fabric with no additional finishing processes. Founded in 2003, Kornit Digital is a global company, headquartered in Israel with offices in the USA, Europe and Asia Pacific, and serves customers in more than 100 countries worldwide. For more information, visit Kornit Digital at www.kornit.com. Press contactCarmen Deville MakoverHead of Global PRpr@kornit.com
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