Kornit Digital Ltd. ( (KRNT) ) has released its Q1 earnings. Here is a breakdown of the information Kornit Digital Ltd. presented to its investors.
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Kornit Digital Ltd. is a global leader in sustainable, on-demand digital fashion and textile production technologies, offering comprehensive solutions including digital printing systems, inks, consumables, software, and fulfillment services across more than 100 countries. In its first quarter of 2025, Kornit Digital reported revenues of $46.5 million, aligning with its previous guidance, and a GAAP net loss of $5.1 million. However, on a non-GAAP basis, the company achieved a net income of $0.6 million, reflecting disciplined operational execution and strong initial adoption of its new business model.
Key financial highlights include a significant improvement in gross profit margin, which rose to 42.6% on a GAAP basis and 45.2% on a non-GAAP basis, compared to the previous year. The company also reported a reduction in its adjusted EBITDA loss to $3.9 million from $7.8 million in the same quarter last year. Kornit Digital’s annual recurring revenue from AIC contracts reached $14.5 million, showcasing the successful introduction of its new business model.
Despite operating in an uncertain macroeconomic environment, Kornit Digital has demonstrated resilience and strategic growth. The company is focused on leveraging its Apollo platform and AIC model to expand into the mass production segment, which represents a substantial market opportunity. Kornit’s management remains optimistic about the future, expecting second-quarter revenues to range between $49 million and $55 million, with an adjusted EBITDA margin between negative 4% and 4%.
Looking ahead, Kornit Digital is poised to lead the transformation in the fashion industry, driven by its innovative technologies and strategic initiatives. The company is committed to advancing its position in the market with clarity and purpose, aiming to redefine how fashion is created, consumed, and delivered.