Business
Kornit Digital Presents Fashion is Choosing On-Demand in Conjunction with PRINTING United Expo 2024
The shift from analog to on-demand digital production is accelerating, evidenced by a growing number of screen printers adopting Kornit Apollo and other
About this update from Kornit Digital Ltd.
[{"type":"text","content":"The shift from analog to on-demand digital production is accelerating, evidenced by a growing number of screen printers adopting Kornit Apollo and other Kornit MAX-powered platformsThe All-Inclusive Click (AIC) model moves beyond its pilot phase, providing predictable costs, lowering barriers to entry, and unlocking a significant incremental market opportunityManagement’s long-term financial targets include double-digit revenue growth, meaningful recurring revenue contribution from the AIC model, and strong improvements to profitabilityAs a testament to the Company’s conviction in its vision, Kornit’s board of directors approves an additional $100 million repurchase program expected to be completed by the middle of 2025 ROSH-HA`AYIN, Israel , Sept. 10, 2024 (GLOBE NEWSWIRE) -- Kornit Digital LTD. (NASDAQ: KRNT) is hosting its \"Fashion is Choosing On-Demand\" investor event today in Las Vegas, in conjunction with its participation in PRINTING United Expo 2024. The Company will highlight its market opportunities, showcase its technology, outline its go-to-market strategy, and detail its long-term financial goals. Ronen Samuel, Kornit’s Chief Executive Officer, said “Kornit has a tremendous opportunity to lead in the digital transformation of the textile industry. Brands and retailers need agility, and our solutions are perfectly aligned with these demands. With the addition of our innovative AIC model, and our revamped go-to-market, we are confident that Kornit is well positioned to deliver value to our customers, shareholders, and employees.” Kornit Solutions Address Market Needs and Are Ready to Deliver Today’s consumers are driven by real-time trends, and demand endless choice, sustainability, and overnight delivery. These are needs that outdated fashion supply chains cannot support. Kornit’s on-demand digital solutions tackle these challenges by offering speed, creativity, optimized production, and minimized waste. The Company’s patented technology, including MAX platforms and the newly launched Apollo, enables efficient, high-quality production runs. This creates a comprehensive solution of systems, consumables, and workflow software for both Direct-to-Garment (DTG) and Roll-to-Roll production. The shift from analog to on-demand digital production is now accelerating, evidenced by a growing number of screen printers adopting...