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Kornit Digital (KRNT)
NASDAQ:KRNT
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.2Last Year’s EPS
$0.08Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 34.54%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Positive
The earnings call conveyed a generally positive outlook, emphasizing strong revenue and profitability improvements, successful adoption of new business models, and strategic growth initiatives. However, challenges such as market volatility and year-over-year declines in system sales were noted.Company Guidance
During the Kornit Digital Q3 2024 earnings call, the company reported revenues of $50.7 million and an adjusted EBITDA margin of 2.9%, both within their guided ranges. Gross margin improved to over 50%, driven by a profitable sales mix and higher-margin products and services. The company highlighted the successful deployment of 12 out of 15 Apollo systems, with plans to ship 30 systems in 2025, 20 of which are expected to be on the All-Inclusive Click (AIC) model. Kornit Digital's guidance for Q4 2024 includes revenues between $58 million and $63 million and an adjusted EBITDA margin of 12% to 16%. The company aims to achieve at least 20% revenue growth in H2 compared to H1, driven by strong momentum in systems and consumables orders, particularly with the Apollo and ATLAS MAX systems.Revenue and EBITDA Achievements
Reported revenues of $50.7 million and an adjusted EBITDA margin of 2.9%, within guidance ranges. Positive EBITDA and cash generation underscore cost control and operational improvements.
Gross Margin Improvement
Non-GAAP gross margin reached 50.3%, up from 37.4% last year, driven by a favorable sales mix, high margin consumables, and operational gains.
Growth in AIC Model Adoption
Significant demand for the All-Inclusive Click (AIC) model, with plans to ship 30 Apollo systems in 2025, 20 of which are expected to use the AIC model.
Roll-to-Roll Business Momentum
Advancements in the Roll-to-Roll business, especially in the footwear market in China, with strategic customers expanding production with Kornit systems.
Positive Cash Flow
Operating cash flow less capital expenditures was $3.1 million, a significant improvement from negative $8.7 million in the same period last year.
Fourth Quarter Outlook
Projected revenue growth of 20% in the second half versus the first half of the year, with adjusted EBITDA margin expected to be between 12% and 16%.
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KRNT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KRNT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $24.23 | $29.40 | +21.34% |
| Aug 07, 2024 | $14.31 | $17.21 | +20.27% |
| May 08, 2024 | $16.67 | $15.18 | -8.94% |
| Feb 14, 2024 | $17.13 | $19.16 | +11.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kornit Digital (KRNT) report earnings?
Kornit Digital (KRNT) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Kornit Digital (KRNT) earnings time?
Kornit Digital (KRNT) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KRNT EPS forecast?
KRNT EPS forecast for the fiscal quarter 2024 (Q4) is $0.2.
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