Kornit Digital Reports Second Quarter 2025 Results
Kornit Digital (NASDAQ:KRNT), a leader in digital fashion and textile production technologies, reported Q2 2025 financial results. The company achieved revenues of $49.8 million, in line with guidance, and recorded a GAAP net loss of $7.5 million, while delivering non-GAAP net income of $1.2 million.
Key highlights include annual recurring revenue of $18.9 million from AIC contracts, showing increased adoption particularly among screen-printing customers. The company's gross profit margin was 41.7% GAAP and 46.3% non-GAAP. For Q3 2025, Kornit projects revenues between $49-55 million with adjusted EBITDA margin ranging from -3% to 3%.
Despite challenging market conditions, management remains focused on scaling Apollo and AIC adoption, expanding screen-printing customer base, and maintaining adjusted EBITDA profitability and positive operating cash flow.
Kornit Digital (NASDAQ:KRNT), leader nelle tecnologie per la moda digitale e la produzione tessile, ha annunciato i risultati finanziari del secondo trimestre 2025. L'azienda ha registrato ricavi per 49,8 milioni di dollari, in linea con le previsioni, e una perdita netta GAAP di 7,5 milioni di dollari, mentre ha conseguito un utile netto non-GAAP di 1,2 milioni di dollari.
Tra i punti salienti si evidenziano ricavi ricorrenti annuali di 18,9 milioni di dollari derivanti dai contratti AIC, con una crescente adozione soprattutto tra i clienti della stampa serigrafica. Il margine lordo dell'azienda 猫 stato del 41,7% secondo i principi GAAP e del 46,3% secondo i principi non-GAAP. Per il terzo trimestre 2025, Kornit prevede ricavi compresi tra 49 e 55 milioni di dollari con un margine EBITDA rettificato che varia dal -3% al 3%.
Nonostante le difficili condizioni di mercato, la direzione rimane concentrata sull'espansione dell'adozione di Apollo e AIC, sull'incremento della base clienti nel settore della stampa serigrafica e sul mantenimento della redditivit脿 dell'EBITDA rettificato e del flusso di cassa operativo positivo.
Kornit Digital (NASDAQ:KRNT), l铆der en tecnolog铆as de producci贸n digital para moda y textiles, report贸 los resultados financieros del segundo trimestre de 2025. La compa帽铆a alcanz贸 ingresos de 49,8 millones de d贸lares, en l铆nea con las previsiones, y registr贸 una p茅rdida neta GAAP de 7,5 millones de d贸lares, mientras que present贸 un ingreso neto no GAAP de 1,2 millones de d贸lares.
Entre los aspectos destacados se incluye un ingreso recurrente anual de 18,9 millones de d贸lares proveniente de contratos AIC, mostrando una mayor adopci贸n especialmente entre clientes de serigraf铆a. El margen bruto fue del 41,7% GAAP y 46,3% no GAAP. Para el tercer trimestre de 2025, Kornit proyecta ingresos entre 49 y 55 millones de d贸lares con un margen EBITDA ajustado que oscila entre -3% y 3%.
A pesar de las condiciones desafiantes del mercado, la gerencia sigue enfocada en escalar la adopci贸n de Apollo y AIC, expandir la base de clientes de serigraf铆a y mantener la rentabilidad del EBITDA ajustado y un flujo de caja operativo positivo.
Kornit Digital (NASDAQ:KRNT)電� 霐旍韯� 韺厴 氚� 靹湢 靸濎偘 旮办垹 攵勳暭鞚� 靹犽憪欤检瀽搿�, 2025雲� 2攵勱赴 鞛 鞁れ爜鞚� 氚滍憸頄堨姷雼堧嫟. 須岇偓電� 4,980毵� 雼煬鞚� 毵れ稖鞚� 旮半頃橂┌ 臧�鞚措崢鞀れ棎 攵�頃╉枅瓿�, GAAP 旮办 靾滌啇鞁� 750毵� 雼煬毳� 旮半頄堨溂雮� 牍凣AAP 旮办 靾滌澊鞚� 120毵� 雼煬毳� 雼劚頄堨姷雼堧嫟.
欤检殧 靷暛鞙茧電� AIC 瓿勳暯鞐愳劀 氚滌儩頃� 鞐瓣皠 氚橂车 毵れ稖 1,890毵� 雼煬臧� 鞛堨溂氅�, 韸鬼瀳 鞀ろ伂毽� 鞚胳噭 瓿犼皾霌� 靷澊鞐愳劀 毂勴儩鞚� 歃濌皜頄堨姷雼堧嫟. 須岇偓鞚� 齑濎澊鞚惦鞚� GAAP 旮办 41.7%, 牍凣AAP 旮办 46.3%鞓�鞀惦媹雼�. 2025雲� 3攵勱赴鞐愲姅 Kornit臧� 4,900毵寏5,500毵� 雼煬鞚� 毵れ稖瓿� -3%鞐愳劀 3% 靷澊鞚� 臁办爼 EBITDA 毵堨鞚� 鞓堨儊頃橁碃 鞛堨姷雼堧嫟.
鞏措牑鞖� 鞁滌灔 靸來櫓鞐愲弰 攵堦惮頃橁碃 瓴届榿歆勳潃 Apollo 氚� AIC 毂勴儩 頇曤寑, 鞀ろ伂毽� 鞚胳噭 瓿犼皾 旮半皹 頇曥灔, 臁办爼 EBITDA 靾橃澋靹� 氚� 旮嶌爼鞝侅澑 鞓侅梾 順勱笀 頋愲 鞙犾鞐� 歆戩頃橁碃 鞛堨姷雼堧嫟.
Kornit Digital (NASDAQ:KRNT), leader dans les technologies de production num茅rique pour la mode et le textile, a publi茅 ses r茅sultats financiers du deuxi猫me trimestre 2025. L'entreprise a r茅alis茅 un chiffre d'affaires de 49,8 millions de dollars, conforme aux pr茅visions, et enregistr茅 une perte nette GAAP de 7,5 millions de dollars, tout en affichant un b茅n茅fice net non-GAAP de 1,2 million de dollars.
Les points cl茅s incluent un revenu r茅current annuel de 18,9 millions de dollars provenant des contrats AIC, avec une adoption accrue notamment parmi les clients de la s茅rigraphie. La marge brute de l'entreprise 茅tait de 41,7 % selon les normes GAAP et de 46,3 % selon les normes non-GAAP. Pour le troisi猫me trimestre 2025, Kornit pr茅voit un chiffre d'affaires compris entre 49 et 55 millions de dollars avec une marge EBITDA ajust茅e allant de -3 % 脿 3 %.
Malgr茅 des conditions de march茅 difficiles, la direction reste concentr茅e sur l'extension de l'adoption d'Apollo et d'AIC, l'expansion de la client猫le en s茅rigraphie, ainsi que le maintien de la rentabilit茅 de l'EBITDA ajust茅 et d'un flux de tr茅sorerie op茅rationnel positif.
Kornit Digital (NASDAQ:KRNT), ein f眉hrendes Unternehmen im Bereich digitaler Mode- und Textilproduktionstechnologien, ver枚ffentlichte die Finanzergebnisse f眉r das zweite Quartal 2025. Das Unternehmen erzielte Ums盲tze von 49,8 Millionen US-Dollar, im Einklang mit den Prognosen, und verzeichnete einen GAAP-Nettogewinnverlust von 7,5 Millionen US-Dollar, w盲hrend es einen Non-GAAP-Nettogewinn von 1,2 Millionen US-Dollar erzielte.
Zu den wichtigsten Highlights z盲hlen j盲hrliche wiederkehrende Einnahmen von 18,9 Millionen US-Dollar aus AIC-Vertr盲gen, mit zunehmender Akzeptanz insbesondere bei Siebdruckkunden. Die Bruttomarge des Unternehmens betrug 41,7 % nach GAAP und 46,3 % nach Non-GAAP. F眉r das dritte Quartal 2025 prognostiziert Kornit Ums盲tze zwischen 49 und 55 Millionen US-Dollar bei einer bereinigten EBITDA-Marge von -3 % bis 3 %.
Trotz herausfordernder Marktbedingungen bleibt das Management darauf fokussiert, die Einf眉hrung von Apollo und AIC zu skalieren, die Kundenbasis im Siebdruck auszubauen sowie die bereinigte EBITDA-Rentabilit盲t und positive operative Cashflows aufrechtzuerhalten.
- Annual recurring revenue from AIC contracts reached $18.9 million, showing strong adoption
- Non-GAAP net income increased to $1.2 million ($0.03 per share) from $1.1 million year-over-year
- Improved adjusted EBITDA margin to -2.3% from -3.4% in the previous year
- Continued positive operating cash flow generation
- Positive traction from screen-printing customers adopting digital solutions
- GAAP net loss widened to $7.5 million from $4.9 million year-over-year
- GAAP gross profit margin declined to 41.7% from 45.8% year-over-year
- Softer consumables revenue due to customer inventory adjustments
- More modest outlook projected for second half of 2025
Insights
Kornit reported mixed Q2 results with recurring revenue growth but weaker consumables, maintaining profitability on non-GAAP basis despite challenges.
Kornit Digital's Q2 2025 performance reveals a company in transition, with $49.8 million in revenue (up
Their business transformation toward recurring revenue shows promising signs, with Annual Recurring Revenue (ARR) from AIC contracts reaching
Gross margin deterioration is concerning, with GAAP gross margin declining to
On the positive side, the company maintained disciplined cost control with non-GAAP operating expenses decreasing by
Looking ahead, Kornit's Q3 guidance of
The company's strategic focus on scaling Apollo and AIC adoption, expanding its screen-printing customer base, and maintaining adjusted EBITDA profitability reflects a pragmatic approach to navigating current headwinds while building a more resilient revenue foundation.
- Second quarter revenues of
$49.8 million , in line with previous guidance - Second quarter GAAP net loss of
$7.5 million ; non-GAAP net income of$1.2 million - Continued to generate cash from operations
- Reported annual recurring revenue from AIC contracts of
$18.9 million , reflecting continued adoption of this new model, particularly from screen-printing customers.
ROSH-HA`AYIN, Israel, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (鈥淜ornit鈥� or the 鈥淐ompany鈥�) (Nasdaq: KRNT), a global leader in sustainable, on-demand, digital fashion and textile production technologies, today reported results for the second quarter ended June 30, 2025.
鈥淲e delivered second quarter results within our guidance range in a challenging market environment, reflecting ongoing progress in transforming our business toward recurring revenue and long-term growth. While consumables revenue came in softer due to inventory adjustments among certain customers, system sales and AIC adoption maintained momentum. We saw particularly positive traction from screen-printing customers embracing digital for the first time, for a variety of run lengths, as well as capacity expansions from customized design customers,鈥� said Ronen Samuel, Kornit鈥檚 Chief Executive Officer.
Mr. Samuel continued, 鈥淒espite a more modest outlook for the second half, we remain focused on the execution of our strategy. Our priorities are clear: scaling adoption of the Apollo and AIC, growing the number of screen-printing customers we serve, and maintaining both adjusted EBITDA profitability and operating cash flow generation. With disciplined execution and continued focus, we remain confident these efforts will lay the foundation for a more resilient, scalable, and profitable business.鈥�
Second Quarter 2025 Results of Operations
- Total revenue for the second quarter of 2025 was
$49.8 million compared with$48.6 million in the prior year period. - GAAP gross profit margin for the second quarter of 2025 was
41.7% compared with45.8% in the prior year period. On a non-GAAP basis, gross profit margin was46.3% compared with48.6% in the prior year period. - GAAP operating expenses for the second quarter of 2025 were
$31.6 million compared with$33.0 million in the prior year period. On a non-GAAP basis, operating expenses decreased by4.4% to$26.7 million compared with the prior year period. - GAAP net loss for the second quarter of 2025 was
$7.5 million , or ($0.17) per basic share, compared with net loss of$4.9 million , or ($0.10) per basic share, for the second quarter of 2024. - Non-GAAP net income for the second quarter of 2025 was
$1.2 million , or$0.03 per share, compared with non-GAAP net income of$1.1 million , or$0.02 per share, for the second quarter of 2024. - Adjusted EBITDA loss for the second quarter of 2025 was
$1.2 million compared with adjusted EBITDA loss of$1.6 million for the second quarter of 2024. Adjusted EBITDA margin for the second quarter of 2025 was negative2.3% compared with negative3.4% for the second quarter of 2024.
Third Quarter 2025 Guidance
For the Third quarter of 2025, the Company expects revenues to be in the range of
Second 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 1-800-579-2543 or 1-785-424-1789. The Israel Toll free number is 180-925-6145. The conference ID required to join the call is KORNIT.
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 11159631. The telephonic replay will be available approximately three hours after the completion of the live call until 11:59 pm ET on August 20, 2025. The call will also be available for replay via the webcast link on Kornit鈥檚 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 鈥渇orward-looking statements鈥� 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 鈥渨ill,鈥� 鈥渆xpects,鈥� 鈥渁nticipates,鈥� 鈥渃ontinue,鈥� 鈥渂elieves,鈥� 鈥渟hould,鈥� 鈥渋ntended,鈥� 鈥済uidance,鈥� 鈥減reliminary,鈥� 鈥渇uture,鈥� 鈥減lanned,鈥� or other words. These forward-looking statements include, but are not limited to, statements relating to the Company鈥檚 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鈥檚 operations, financial position and cash flows, in part due to the adverse impact on the Company鈥檚 customers and suppliers; the Company鈥檚 degree of success in developing, introducing and selling new or improved products and product enhancements including specifically the Company鈥檚 Poly Pro and Presto products, and the Company鈥檚 Apollo direct-to-garment platform; the extent of the Company鈥檚 ability to consummate sales to large accounts with multi-system delivery plans; the degree of the Company鈥檚 ability to fill orders for its systems and consumables; the extent of the Company鈥檚 ability to increase sales of its systems, ink and consumables; the extent of the Company鈥檚 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鈥檚 relationships with suppliers; the extent of the Company鈥檚 success in marketing; and those additional factors referred to under 鈥淩isk Factors鈥� in Item 3.D of the Company鈥檚 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鈥檚 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 鈥淎djusted EBITDA鈥� 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鈥檚 performance exclusive of non-cash charges and other items that are considered by management to be outside of the Company鈥檚 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鈥檚 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鈥檚 business. The Company鈥檚 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鈥檚 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
| KORNIT DIGITAL LTD. | ||||||||
| AND ITS SUBSIDIARIES | ||||||||
| CONSOLIDATED BALANCE SHEETS | ||||||||
| (U.S. dollars in thousands) | ||||||||
| 听 | ||||||||
| 听 | 听 | June 30, | 听 | December 31, | ||||
| 听 | 听 | 2025 | 听 | 2024 | ||||
| 听 | 听 | (Unaudited) | 听 | (Audited) | ||||
| ASSETS | 听 | 听 | 听 | 听 | ||||
| CURRENT ASSETS: | 听 | 听 | 听 | 听 | ||||
| Cash and cash equivalents | 听 | $ | 25,418 | 听 | $ | 35,003 | ||
| Short-term bank deposit | 听 | 306,437 | 听 | 205,934 | ||||
| Marketable securities | 听 | 99,757 | 听 | 222,937 | ||||
| Trade receivables, net | 听 | 64,457 | 听 | 65,459 | ||||
| Inventory | 听 | 50,023 | 听 | 60,342 | ||||
| Other accounts receivable and prepaid expenses | 听 | 28,586 | 听 | 25,714 | ||||
| Total current assets | 听 | 574,678 | 听 | 615,389 | ||||
| 听 | 听 | 听 | 听 | 听 | ||||
| LONG-TERM ASSETS: | 听 | 听 | 听 | 听 | ||||
| Marketable securities | 听 | 56,991 | 听 | 48,086 | ||||
| Deposits and other long-term assets | 听 | 14,089 | 听 | 10,542 | ||||
| Severance pay fund | 听 | 344 | 听 | 306 | ||||
| Property, plant and equipment, net | 听 | 67,296 | 听 | 59,222 | ||||
| Operating lease right-of-use assets | 听 | 18,443 | 听 | 19,054 | ||||
| Intangible assets, net | 听 | 4,955 | 听 | 5,721 | ||||
| Goodwill | 听 | 29,164 | 听 | 29,164 | ||||
| Total long-term assets | 听 | 191,282 | 听 | 172,095 | ||||
| 听 | 听 | 听 | 听 | 听 | ||||
| Total assets | 听 | 765,960 | 听 | 787,484 | ||||
| 听 | 听 | 听 | 听 | 听 | ||||
| 听 | 听 | 听 | 听 | 听 | ||||
| LIABILITIES AND SHAREHOLDERS' EQUITY | 听 | 听 | 听 | 听 | ||||
| CURRENT LIABILITIES: | 听 | 听 | 听 | 听 | ||||
| Trade payables | 听 | 10,032 | 听 | 9,019 | ||||
| Employees and payroll accruals | 听 | 13,386 | 听 | 13,101 | ||||
| Deferred revenues and advances from customers | 听 | 1,566 | 听 | 2,339 | ||||
| Operating lease liabilities | 听 | 3,670 | 听 | 3,311 | ||||
| Other payables and accrued expenses | 听 | 16,434 | 听 | 16,561 | ||||
| Total current liabilities | 听 | 45,088 | 听 | 44,331 | ||||
| 听 | 听 | 听 | 听 | 听 | ||||
| LONG-TERM LIABILITIES: | 听 | 听 | 听 | 听 | ||||
| Accrued severance pay | 听 | 472 | 听 | 1,051 | ||||
| Operating lease liabilities | 听 | 15,525 | 听 | 15,065 | ||||
| Other long-term liabilities | 听 | 126 | 听 | 138 | ||||
| Total long-term liabilities | 听 | 16,123 | 听 | 16,254 | ||||
| 听 | 听 | 听 | 听 | 听 | ||||
| SHAREHOLDERS' EQUITY | 听 | 704,749 | 听 | 726,899 | ||||
| 听 | 听 | 听 | 听 | 听 | ||||
| Total liabilities and shareholders' equity | 听 | $ | 765,960 | 听 | $ | 787,484 | ||
| 听 | 听 | 听 | 听 | 听 | ||||
| KORNIT DIGITAL LTD. | |||||||||||||||
| AND ITS SUBSIDIARIES | |||||||||||||||
| CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||||||
| (U.S. dollars in thousands, except share and per share data) | |||||||||||||||
| 听 | 听 | 听 | 听 | ||||||||||||
| 听 | Three Months Ended | 听 | Six Months Ended | ||||||||||||
| 听 | June 30, | 听 | June 30, | ||||||||||||
| 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 | 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 |
| 听 | (Unaudited) | 听 | (Unaudited) | ||||||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Revenues | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Products | $ | 38,413 | 听 | 听 | $ | 34,366 | 听 | 听 | $ | 72,278 | 听 | 听 | $ | 63,379 | 听 |
| Services | 听 | 11,341 | 听 | 听 | 听 | 14,255 | 听 | 听 | 听 | 23,933 | 听 | 听 | 听 | 29,018 | 听 |
| Total revenues | 听 | 49,754 | 听 | 听 | 听 | 48,621 | 听 | 听 | 听 | 96,211 | 听 | 听 | 听 | 92,397 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Cost of revenues | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Products | 听 | 17,967 | 听 | 听 | 听 | 13,271 | 听 | 听 | 听 | 33,580 | 听 | 听 | 听 | 28,962 | 听 |
| Services | 听 | 11,043 | 听 | 听 | 听 | 13,066 | 听 | 听 | 听 | 22,087 | 听 | 听 | 听 | 27,012 | 听 |
| Total cost of revenues | 听 | 29,010 | 听 | 听 | 听 | 26,337 | 听 | 听 | 听 | 55,667 | 听 | 听 | 听 | 55,974 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Gross profit | 听 | 20,744 | 听 | 听 | 听 | 22,284 | 听 | 听 | 听 | 40,544 | 听 | 听 | 听 | 36,423 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Operating expenses: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Research and development, net | 听 | 9,143 | 听 | 听 | 听 | 10,472 | 听 | 听 | 听 | 18,421 | 听 | 听 | 听 | 21,824 | 听 |
| Sales and marketing | 听 | 14,993 | 听 | 听 | 听 | 14,976 | 听 | 听 | 听 | 29,942 | 听 | 听 | 听 | 28,772 | 听 |
| General and administrative | 听 | 7,474 | 听 | 听 | 听 | 7,532 | 听 | 听 | 听 | 15,118 | 听 | 听 | 听 | 14,809 | 听 |
| Total operating expenses | 听 | 31,610 | 听 | 听 | 听 | 32,980 | 听 | 听 | 听 | 63,481 | 听 | 听 | 听 | 65,405 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Operating loss | 听 | (10,866 | ) | 听 | 听 | (10,696 | ) | 听 | 听 | (22,937 | ) | 听 | 听 | (28,982 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Financial income, net | 听 | 3,465 | 听 | 听 | 听 | 6,435 | 听 | 听 | 听 | 10,848 | 听 | 听 | 听 | 11,781 | 听 |
| Loss before taxes on income | 听 | (7,401 | ) | 听 | 听 | (4,261 | ) | 听 | 听 | (12,089 | ) | 听 | 听 | (17,201 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Taxes on income | 听 | 117 | 听 | 听 | 听 | 648 | 听 | 听 | 听 | 488 | 听 | 听 | 听 | 907 | 听 |
| Net loss | $ | (7,518 | ) | 听 | $ | (4,909 | ) | 听 | $ | (12,577 | ) | 听 | $ | (18,108 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Basic loss per share | $ | (0.17 | ) | 听 | $ | (0.10 | ) | 听 | $ | (0.28 | ) | 听 | $ | (0.38 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Weighted average number of shares | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| used in computing basic net loss per share | 听 | 45,164,493 | 听 | 听 | 听 | 47,535,212 | 听 | 听 | 听 | 45,482,748 | 听 | 听 | 听 | 47,573,334 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Diluted loss per share | $ | (0.17 | ) | 听 | $ | (0.10 | ) | 听 | $ | (0.28 | ) | 听 | $ | (0.38 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Weighted average number of shares | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| used in computing diluted net loss per share | 听 | 45,164,493 | 听 | 听 | 听 | 47,535,212 | 听 | 听 | 听 | 45,482,748 | 听 | 听 | 听 | 47,573,334 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | |||||||||||||
| 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) | ||||||||||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | Three Months Ended | 听 | Six Months Ended | ||||||||||||
| 听 | 听 | June 30, | 听 | June 30, | ||||||||||||
| 听 | 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 | 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 |
| 听 | 听 | (Unaudited) | 听 | (Unaudited) | ||||||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Revenues | $ | 49,754 | 听 | 听 | $ | 48,621 | 听 | 听 | $ | 96,211 | 听 | 听 | $ | 92,397 | 听 | |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| GAAP cost of revenues | $ | 29,010 | 听 | 听 | $ | 26,337 | 听 | 听 | $ | 55,667 | 听 | 听 | $ | 55,974 | 听 | |
| Cost of product recorded for share-based compensation (1) | 听 | (542 | ) | 听 | 听 | (490 | ) | 听 | 听 | (1,061 | ) | 听 | 听 | (992 | ) | |
| Cost of service recorded for share-based compensation (1) | 听 | (404 | ) | 听 | 听 | (453 | ) | 听 | 听 | (799 | ) | 听 | 听 | (872 | ) | |
| Intangible assets amortization on cost of product (2) | 听 | (150 | ) | 听 | 听 | (264 | ) | 听 | 听 | (298 | ) | 听 | 听 | (529 | ) | |
| Intangible assets amortization on cost of service (2) | 听 | (160 | ) | 听 | 听 | (160 | ) | 听 | 听 | (320 | ) | 听 | 听 | (320 | ) | |
| Restructuring expenses (3) | 听 | (1,026 | ) | 听 | 听 | - | 听 | 听 | 听 | (1,026 | ) | 听 | 听 | (914 | ) | |
| Non-GAAP cost of revenues | $ | 26,728 | 听 | 听 | $ | 24,970 | 听 | 听 | $ | 52,163 | 听 | 听 | $ | 52,347 | 听 | |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| GAAP gross profit | $ | 20,744 | 听 | 听 | $ | 22,284 | 听 | 听 | $ | 40,544 | 听 | 听 | $ | 36,423 | 听 | |
| Gross profit adjustments | 听 | 2,282 | 听 | 听 | 听 | 1,367 | 听 | 听 | 听 | 3,504 | 听 | 听 | 听 | 3,627 | 听 | |
| Non-GAAP gross profit | $ | 23,026 | 听 | 听 | $ | 23,651 | 听 | 听 | $ | 44,048 | 听 | 听 | $ | 40,050 | 听 | |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| GAAP operating expenses | $ | 31,610 | 听 | 听 | $ | 32,980 | 听 | 听 | $ | 63,481 | 听 | 听 | $ | 65,405 | 听 | |
| Share-based compensation (1) | 听 | (4,810 | ) | 听 | 听 | (4,926 | ) | 听 | 听 | (9,216 | ) | 听 | 听 | (9,453 | ) | |
| Intangible assets amortization (2) | 听 | (74 | ) | 听 | 听 | (87 | ) | 听 | 听 | (148 | ) | 听 | 听 | (175 | ) | |
| Restructuring expenses (3) | 听 | - | 听 | 听 | 听 | - | 听 | 听 | 听 | - | 听 | 听 | 听 | (757 | ) | |
| Non-GAAP operating expenses | $ | 26,726 | 听 | 听 | $ | 27,967 | 听 | 听 | $ | 54,117 | 听 | 听 | $ | 55,020 | 听 | |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| GAAP Financial income, net | $ | 3,465 | 听 | 听 | $ | 6,435 | 听 | 听 | $ | 10,848 | 听 | 听 | $ | 11,781 | 听 | |
| Foreign exchange losses associated with ASC 842 | 听 | 1,578 | 听 | 听 | 听 | (269 | ) | 听 | 听 | 1,535 | 听 | 听 | 听 | 116 | 听 | |
| Non-GAAP Financial income , net | $ | 5,043 | 听 | 听 | $ | 6,166 | 听 | 听 | $ | 12,383 | 听 | 听 | $ | 11,897 | 听 | |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| GAAP Taxes on income | $ | 117 | 听 | 听 | $ | 648 | 听 | 听 | $ | 488 | 听 | 听 | $ | 907 | 听 | |
| Non-cash deferred tax income | 听 | - | 听 | 听 | 听 | 86 | 听 | 听 | 听 | - | 听 | 听 | $ | 173 | 听 | |
| Non-GAAP Taxes on income | $ | 117 | 听 | 听 | $ | 734 | 听 | 听 | $ | 488 | 听 | 听 | $ | 1,080 | 听 | |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| GAAP Net loss | $ | (7,518 | ) | 听 | $ | (4,909 | ) | 听 | $ | (12,577 | ) | 听 | $ | (18,108 | ) | |
| Share-based compensation (1) | 听 | 5,756 | 听 | 听 | 听 | 5,869 | 听 | 听 | 听 | 11,076 | 听 | 听 | 听 | 11,317 | 听 | |
| Intangible assets amortization (2) | 听 | 384 | 听 | 听 | 听 | 511 | 听 | 听 | 听 | 766 | 听 | 听 | 听 | 1,024 | 听 | |
| Restructuring expenses (3) | 听 | 1,026 | 听 | 听 | 听 | - | 听 | 听 | 听 | 1,026 | 听 | 听 | 听 | 1,671 | 听 | |
| Foreign exchange losses associated with ASC 842 | 听 | 1,578 | 听 | 听 | 听 | (269 | ) | 听 | 听 | 1,535 | 听 | 听 | 听 | 116 | 听 | |
| Non-cash deferred tax income | 听 | - | 听 | 听 | 听 | (86 | ) | 听 | 听 | - | 听 | 听 | 听 | (173 | ) | |
| Non-GAAP net income (loss) | $ | 1,226 | 听 | 听 | $ | 1,116 | 听 | 听 | $ | 1,826 | 听 | 听 | $ | (4,153 | ) | |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| GAAP diluted loss per share | $ | (0.17 | ) | 听 | $ | (0.10 | ) | 听 | $ | (0.28 | ) | 听 | $ | (0.38 | ) | |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Non-GAAP diluted income (loss) per share | $ | 0.03 | 听 | 听 | $ | 0.02 | 听 | 听 | $ | 0.04 | 听 | 听 | $ | (0.09 | ) | |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Weighted average number of shares | 听 | 听 | 听 | 听 | 听 | 听 | 听 | |||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Shares used in computing GAAP diluted net loss per share | 听 | 45,164,493 | 听 | 听 | 听 | 47,535,212 | 听 | 听 | 听 | 45,482,748 | 听 | 听 | 听 | 47,573,334 | 听 | |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Shares used in computing Non-GAAP diluted net income (loss) per share | 听 | 45,508,379 | 听 | 听 | 听 | 49,898,775 | 听 | 听 | 听 | 45,931,988 | 听 | 听 | 听 | 47,573,334 | 听 | |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| (1) | Share-based compensation听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | Cost of product revenues | $ | 542 | 听 | 听 | $ | 490 | 听 | 听 | $ | 1,061 | 听 | 听 | $ | 992 | 听 |
| 听 | Cost of service revenues | 听 | 404 | 听 | 听 | 听 | 453 | 听 | 听 | 听 | 799 | 听 | 听 | 听 | 872 | 听 |
| 听 | Research and development | 听 | 1,213 | 听 | 听 | 听 | 1,376 | 听 | 听 | 听 | 2,415 | 听 | 听 | 听 | 2,671 | 听 |
| 听 | Sales and marketing | 听 | 1,831 | 听 | 听 | 听 | 1,784 | 听 | 听 | 听 | 3,368 | 听 | 听 | 听 | 3,366 | 听 |
| 听 | General and administrative | 听 | 1,766 | 听 | 听 | 听 | 1,766 | 听 | 听 | 听 | 3,433 | 听 | 听 | 听 | 3,416 | 听 |
| 听 | 听 | $ | 5,756 | 听 | 听 | $ | 5,869 | 听 | 听 | $ | 11,076 | 听 | 听 | $ | 11,317 | 听 |
| (2) | Intangible assets amortization | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | Cost of product revenues | $ | 150 | 听 | 听 | $ | 264 | 听 | 听 | $ | 298 | 听 | 听 | $ | 529 | 听 |
| 听 | Cost of service revenues | 听 | 160 | 听 | 听 | 听 | 160 | 听 | 听 | 听 | 320 | 听 | 听 | 听 | 320 | 听 |
| 听 | Sales and marketing | 听 | 74 | 听 | 听 | 听 | 87 | 听 | 听 | 听 | 148 | 听 | 听 | 听 | 175 | 听 |
| 听 | 听 | $ | 384 | 听 | 听 | $ | 511 | 听 | 听 | $ | 766 | 听 | 听 | $ | 1,024 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| (3) | Restructuring expenses | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | Cost of product revenues | $ | 1,026 | 听 | 听 | $ | - | 听 | 听 | $ | 1,026 | 听 | 听 | $ | 865 | 听 |
| 听 | Cost of service revenues | 听 | - | 听 | 听 | 听 | - | 听 | 听 | 听 | - | 听 | 听 | 听 | 49 | 听 |
| 听 | Research and development | 听 | - | 听 | 听 | 听 | - | 听 | 听 | 听 | - | 听 | 听 | 听 | 235 | 听 |
| 听 | Sales and marketing | 听 | - | 听 | 听 | 听 | - | 听 | 听 | 听 | - | 听 | 听 | 听 | 190 | 听 |
| 听 | General and administrative | 听 | - | 听 | 听 | 听 | - | 听 | 听 | 听 | - | 听 | 听 | 听 | 332 | 听 |
| 听 | 听 | $ | 1,026 | 听 | 听 | $ | - | 听 | 听 | $ | 1,026 | 听 | 听 | $ | 1,671 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| KORNIT DIGITAL LTD. | |||||||||||||||
| AND ITS SUBSIDIARIES | |||||||||||||||
| CONSOLIDATED STATEMENTS OF CASH FLOWS | |||||||||||||||
| (U.S. dollars in thousands) | |||||||||||||||
| 听 | 听 | 听 | 听 | ||||||||||||
| 听 | Three Months Ended | 听 | Six Months Ended | ||||||||||||
| 听 | June 30, | 听 | June 30, | ||||||||||||
| 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 | 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 |
| 听 | (Unaudited) | 听 | (Unaudited) | ||||||||||||
| Cash flows from operating activities: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Net loss | $ | (7,518 | ) | 听 | $ | (4,909 | ) | 听 | $ | (12,577 | ) | 听 | $ | (18,108 | ) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Depreciation and amortization | 听 | 2,930 | 听 | 听 | 听 | 3,191 | 听 | 听 | 听 | 5,776 | 听 | 听 | 听 | 6,515 | 听 |
| Fair value of warrants deducted from revenues | 听 | - | 听 | 听 | 听 | (313 | ) | 听 | 听 | - | 听 | 听 | 听 | 3,273 | 听 |
| Share-based compensation | 听 | 5,756 | 听 | 听 | 听 | 5,869 | 听 | 听 | 听 | 11,076 | 听 | 听 | 听 | 11,317 | 听 |
| Amortization of premium and accretion of discount on marketable securities, net | 听 | (246 | ) | 听 | 听 | 16 | 听 | 听 | 听 | (550 | ) | 听 | 听 | 9 | 听 |
| AG真人官方ized loss on sale and redemption of marketable securities | 听 | - | 听 | 听 | 听 | - | 听 | 听 | 听 | (22 | ) | 听 | 听 | - | 听 |
| Loss from disposal of property and Equipments | 听 | 134 | 听 | 听 | 听 | - | 听 | 听 | 听 | 134 | 听 | 听 | 听 | - | 听 |
| Change in operating assets and liabilities: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Trade receivables, net | 听 | (3,046 | ) | 听 | 听 | 1,266 | 听 | 听 | 听 | 1,002 | 听 | 听 | 听 | 14,171 | 听 |
| Other accounts receivables and prepaid expenses | 听 | (1,507 | ) | 听 | 听 | 970 | 听 | 听 | 听 | (2,872 | ) | 听 | 听 | 1,484 | 听 |
| Inventory | 听 | 5,280 | 听 | 听 | 听 | (3,868 | ) | 听 | 听 | 7,600 | 听 | 听 | 听 | (3,964 | ) |
| Operating leases right-of-use assets and liabilities, net | 听 | 1,590 | 听 | 听 | 听 | (488 | ) | 听 | 听 | 1,430 | 听 | 听 | 听 | (575 | ) |
| Deposits and other long term assets | 听 | (3,234 | ) | 听 | 听 | (511 | ) | 听 | 听 | (3,547 | ) | 听 | 听 | (1,219 | ) |
| Trade payables | 听 | 5,403 | 听 | 听 | 听 | 1,832 | 听 | 听 | 听 | 93 | 听 | 听 | 听 | (1,933 | ) |
| Employees and payroll accruals | 听 | (438 | ) | 听 | 听 | 1,674 | 听 | 听 | 听 | 1,654 | 听 | 听 | 听 | 522 | 听 |
| Deferred revenues and advances from customers | 听 | (227 | ) | 听 | 听 | (364 | ) | 听 | 听 | (773 | ) | 听 | 听 | (672 | ) |
| Other payables and accrued expenses | 听 | (531 | ) | 听 | 听 | 123 | 听 | 听 | 听 | 1,699 | 听 | 听 | 听 | (2,190 | ) |
| Accrued severance pay, net | 听 | (588 | ) | 听 | 听 | (30 | ) | 听 | 听 | (617 | ) | 听 | 听 | (62 | ) |
| Other long-term liabilities | 听 | (28 | ) | 听 | 听 | 26 | 听 | 听 | 听 | (12 | ) | 听 | 听 | (60 | ) |
| Net cash provided by operating activities | 听 | 3,730 | 听 | 听 | 听 | 4,484 | 听 | 听 | 听 | 9,494 | 听 | 听 | 听 | 8,508 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Cash flows from investing activities: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Purchase of property, plant and equipment | 听 | (5,808 | ) | 听 | 听 | (1,439 | ) | 听 | 听 | (9,579 | ) | 听 | 听 | (2,723 | ) |
| Proceeds from (investment in) short-term bank deposits, net | 听 | (79,503 | ) | 听 | 听 | 16,601 | 听 | 听 | 听 | (100,503 | ) | 听 | 听 | (7,796 | ) |
| Proceeds from sales and redemption of marketable securities | 听 | 3,260 | 听 | 听 | 听 | - | 听 | 听 | 听 | 6,060 | 听 | 听 | 听 | 3,494 | 听 |
| Proceeds from maturities of marketable securities | 听 | 77,802 | 听 | 听 | 听 | 24,581 | 听 | 听 | 听 | 143,122 | 听 | 听 | 听 | 35,879 | 听 |
| Investment in marketable securities | 听 | (6,763 | ) | 听 | 听 | (26,602 | ) | 听 | 听 | (32,578 | ) | 听 | 听 | (44,619 | ) |
| Net cash provided by (used in) investing activities | 听 | (11,012 | ) | 听 | 听 | 13,141 | 听 | 听 | 听 | 6,522 | 听 | 听 | 听 | (15,765 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Cash flows from financing activities: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Exercise of employee stock options | 听 | 239 | 听 | 听 | 听 | 7 | 听 | 听 | 听 | 768 | 听 | 听 | 听 | 7 | 听 |
| Payments related to shares withheld for taxes | 听 | (392 | ) | 听 | 听 | (184 | ) | 听 | 听 | (1,369 | ) | 听 | 听 | (778 | ) |
| Repurchase of ordinary shares | 听 | (23,176 | ) | 听 | 听 | (1,427 | ) | 听 | 听 | (25,000 | ) | 听 | 听 | (9,055 | ) |
| Net cash used in financing activities | 听 | (23,329 | ) | 听 | 听 | (1,604 | ) | 听 | 听 | (25,601 | ) | 听 | 听 | (9,826 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Increase (decrease) in cash and cash equivalents | 听 | (30,611 | ) | 听 | 听 | 16,021 | 听 | 听 | 听 | (9,585 | ) | 听 | 听 | (17,083 | ) |
| Cash and cash equivalents at the beginning of the period | 听 | 56,029 | 听 | 听 | 听 | 6,501 | 听 | 听 | 听 | 35,003 | 听 | 听 | 听 | 39,605 | 听 |
| Cash and cash equivalents at the end of the period | $ | 25,418 | 听 | 听 | $ | 22,522 | 听 | 听 | $ | 25,418 | 听 | 听 | $ | 22,522 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Non-cash听investing and financing activities: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Purchase of property and equipment on credit | 听 | 1,167 | 听 | 听 | 听 | 105 | 听 | 听 | 听 | 1,167 | 听 | 听 | 听 | 105 | 听 |
| Inventory transferred to be used as property and equipment | 听 | 2,548 | 听 | 听 | 听 | 455 | 听 | 听 | 听 | 2,953 | 听 | 听 | 听 | 1,401 | 听 |
| Property, plant and equipment transferred to be used as inventory | 听 | 234 | 听 | 听 | 听 | 166 | 听 | 听 | 听 | 234 | 听 | 听 | 听 | 320 | 听 |
| Lease liabilities arising from obtaining right-of-use assets | 听 | 561 | 听 | 听 | 听 | 338 | 听 | 听 | 听 | 1,083 | 听 | 听 | 听 | (1,408 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
听
| 听 | 听 | 听 | 听 | |||||||||||||
| 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) | ||||||||||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | Three Months Ended | 听 | Six Months Ended | ||||||||||||
| 听 | 听 | June 30, | 听 | June 30, | ||||||||||||
| 听 | 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 | 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 |
| 听 | 听 | (Unaudited) | 听 | (Unaudited) | ||||||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| GAAP Revenues | 听 | $ | 49,754 | 听 | 听 | $ | 48,621 | 听 | 听 | $ | 96,211 | 听 | 听 | $ | 92,397 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| GAAP Net loss | 听 | 听 | (7,518 | ) | 听 | 听 | (4,909 | ) | 听 | 听 | (12,577 | ) | 听 | 听 | (18,108 | ) |
| Taxes on income | 听 | 听 | 117 | 听 | 听 | 听 | 648 | 听 | 听 | 听 | 488 | 听 | 听 | 听 | 907 | 听 |
| Financial income | 听 | 听 | (3,465 | ) | 听 | 听 | (6,435 | ) | 听 | 听 | (10,848 | ) | 听 | 听 | (11,781 | ) |
| Share-based compensation | 听 | 听 | 5,756 | 听 | 听 | 听 | 5,869 | 听 | 听 | 听 | 11,076 | 听 | 听 | 听 | 11,317 | 听 |
| Intangible assets amortization | 听 | 听 | 384 | 听 | 听 | 听 | 511 | 听 | 听 | 听 | 766 | 听 | 听 | 听 | 1,024 | 听 |
| Restructuring expenses | 听 | 听 | 1,026 | 听 | 听 | 听 | - | 听 | 听 | 听 | 1,026 | 听 | 听 | 听 | 1,671 | 听 |
| Non-GAAP Operating loss | 听 | 听 | (3,700 | ) | 听 | 听 | (4,316 | ) | 听 | 听 | (10,069 | ) | 听 | 听 | (14,970 | ) |
| Depreciation | 听 | 听 | 2,546 | 听 | 听 | 听 | 2,680 | 听 | 听 | 听 | 5,010 | 听 | 听 | 听 | 5,491 | 听 |
| Adjusted EBITDA | 听 | $ | (1,154 | ) | 听 | $ | (1,636 | ) | 听 | $ | (5,059 | ) | 听 | $ | (9,479 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
FAQ
What were Kornit Digital's (KRNT) Q2 2025 earnings results?
What is Kornit Digital's revenue guidance for Q3 2025?
How much recurring revenue did Kornit generate from AIC contracts?
How did Kornit's gross profit margin change in Q2 2025 compared to last year?
What are Kornit Digital's main strategic priorities for growth?
