Kornit Digital Ltd. · NASDAQ:KRNT

Kornit Digital — Q1 2021 Earnings Presentation

17 slides from Kornit Digital's earnings presentation, May 11, 2021

Slide 2: Safe Harbor
SAFE HARBOR This presentation contains forward-looking statements within the meaning of U.S. securities laws. All statements other than statements of historical fact contained in this presentation are forward-looking statements. In some cases, you can identify forward-looking statements by terminolo
Slide 6: Exceeded Expectations
EXCEEDED EXPECTATIONS • Significantly exceeded guidance on top line and profitability • Outlook for the year is very strong • Textile industry in desperate need to accelerate digital transformation • Enormous market opportunity ahead • Focused on continued innovation and scaling our business on all
Slide 7: Business Activity
BUSINESS ACTIVITY • Record quarter for shipments of mass production systems • Recurring consumables business continues to scale • Outperforming profitability goals on services • Rolling out major global expansion projects with strategic accounts • Strong quarter for the Presto • Record number of sys
Slide 12: Quarterly Revenues
QUARTERLY REVENUES • Revenue of $66.1 million vs. $26.2 million in prior year, an increase of 152.3% YoY and a decrease of 3.2% QoQ • Service revenue of $8.2 million accounting for 12.4% of revenues compared to $3.8 in prior year • 10 largest accounts represented 61.6% of revenues compared to 49.0%
Slide 13: Quarterly Gross Margin and Opex
QUARTERLY GROSS MARGIN AND OPEX • Non-GAAP gross margin of 47.1% increased from 33.0% in Q1 2020 • Non-GAAP operating expenses of $24.6 million compared to $19.2 in the previous year Non GAAP Operating Expenses (% of Revenue) Q1 2021 Q1 2020 Research & Development 13.5% 23.4% Sales & Marketing 14.9%
Slide 14: Quarterly P&L KPI
QUARTERLY P&L KPI Q1 2021 Q1 2020 Non-GAAP Operating Income (Loss) $6.5 $(10.5) Non-GAAP Net Income (Loss) $7.7 $(8.9) Non-GAAP Diluted EPS $0.16 $(0.22) GAAP Net Income (Loss) $5.1 $(10.1) GAAP Diluted EPS $0.11 $(0.25) Adjusted EBITDA $10.8 $(9.2) $ in millions except per share amounts 14 ©2021 Ko
Slide 15: Quarterly Balance Sheet and Cash Flow
QUARTERLY BALANCE SHEET AND CASH FLOW Balance Sheet Cash from Operating Activities Q1 2021 Q4 2020 Q1 2020 33.9 Cash, Deposits & Marketable Securities $438.7 $435.9 $247.5 Accounts Recievable $53.1 $51.6 $32.8 Inventory $52.8 $52.5 $46.6 5.1 Trade Payable $26.5 $32.0 $23.0 -13.1 Net Working Capital
Slide 16: Q2 2021 Guidance
Q2 2021 GUIDANCE* • Revenue is expected to be between $76.0 million to $80.0 million • Non-GAAP operating income is expected to be between 11.5% to 13.5% of revenue *we assume zero impact of warrants on revenue and operating margin for the purposes of guidance 16 ©2021 Kornit Digital. All rights res
Slide 17: Thank You - Our Vision
THANK YOU OUR VISION CREATE A BETTER WORLD WHERE EVERYBODY CAN BOND, DESIGN AND EXPRESS THEIR IDENTITIES, ONE IMPRESSION AT A TIME ©2021 Kornit Digital. All rights reserved.

Kornit Digital — Q1 2021 Earnings Presentation on 6ix

Kornit Digital — Q1 2021 Earnings Presentation

Slide 1: Kornit Digital Q1 2021 Earnings Call Supporting Slides

Slide 2: Safe Harbor

Slide 3: On Today's Call

Slide 4: Business Highlights

Slide 5: A Strong Start to 2021

Slide 6: Exceeded Expectations

Slide 7: Business Activity

Slide 8: Kornit XDi Technology

Slide 9: Business Momentum

Slide 10: Tuesday, May 18 10:00am-12:00pm ET

Slide 11: Financial Highlights

Slide 12: Quarterly Revenues

Slide 13: Quarterly Gross Margin and Opex

Slide 14: Quarterly P&L KPI

Slide 15: Quarterly Balance Sheet and Cash Flow

Slide 16: Q2 2021 Guidance

Slide 17: Thank You - Our Vision