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An update from Kornit Digital ( (KRNT) ) is now available.
Kornit Digital reported its financial results for the fourth quarter and full year ending December 31, 2024. The company achieved revenues of $60.7 million in the fourth quarter, showing growth over the previous year, with significant improvements in profitability indicators such as GAAP gross profit margin and net income. The successful deployment of the Apollo platform has been a key driver of this performance, reinforcing Kornit’s position in mass-scale digital production. Looking ahead, the company aims to leverage its strong 2024 foundation to drive scalable, profitable growth in 2025, despite a forecasted revenue decrease for the first quarter of 2025.
More about Kornit Digital
Kornit Digital (NASDAQ: KRNT) is a global leader in sustainable, on-demand digital fashion and textile production technologies. The company provides end-to-end solutions, including digital printing systems, inks, consumables, software, and fulfillment services through a global fulfillment network. Based in Israel, Kornit Digital operates offices in the USA, Europe, and Asia Pacific, serving customers in over 100 countries.
YTD Price Performance: -5.20%
Average Trading Volume: 248,439
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.41B
Find detailed analytics on KRNT stock on TipRanks’ Stock Analysis page.
