Kornit Digital Ltd. · NASDAQ:KRNT

Kornit Digital — Q2 2021 Earnings Presentation

17 slides from Kornit Digital's earnings presentation, Aug 10, 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 • Tremendous top and bottom-line growth • YoY revenue increased 118% and 24% on sequential basis vs. Q121 • All geographic regions up year-over-year and sequentially • Americas and EMEA regions revenues more than doubled prior year quarter revenue • Very strong gross margins dr
Slide 7: Business Activity
BUSINESS ACTIVITY • Continue to execute on massive global expansion projects with global strategic customers; Expect continued significant contribution in coming quarters • Strong growth with new customers • Pipeline and visibility never been stronger • Began shipping our Atlas Max systems after suc
Slide 8: Business Activity
BUSINESS ACTIVITY • Hosted multiple customer events; Met with >200 customers face to face globally; Additional events planned for 2H21 • Great momentum for KornitX as evidenced by Canva partnership; Multiple strategic partnership discussions ongoing with leading online marketplaces and fashion brand
Slide 12: Quarterly Revenues
QUARTERLY REVENUES • Revenue of $81.7 million vs. $37.4 million in prior year, an increase of 118% YoY and an increase of 23.5% QoQ • Service revenue of $9.5 million accounting for 12% of revenues compared to $5.6 in prior year • 10 largest accounts represented 64.1% of revenues compared to 59.3% in
Slide 13: Quarterly Gross Margin and Opex
QUARTERLY GROSS MARGIN AND OPEX • Non-GAAP gross margin of 48.2% increased from 44.1% in Q2 2020 • Non-GAAP operating expenses of $29.2 million compared to $19.1 in the previous year Non GAAP Operating Expenses (% of Revenue) Q2 2021 Q2 2020 Research & Development 11.3% 17.8% Sales & Marketing 15.2%
Slide 14: Quarterly P&L KPI
QUARTERLY P&L KPI Q2 2021 Q2 2020 Non-GAAP Operating Income (Loss) $10.2 -$2.5 Non-GAAP Net Income (Loss) $10.5 -$1.3 Non-GAAP Diluted EPS $0.22 -$0.03 GAAP Net Income (Loss) $5.6 -$4.6 GAAP Diluted EPS $0.12 -$0.11 Adjusted EBITDA $18.0 -$0.9 $ in millions except per share amounts 14 ©2021 Kornit D
Slide 15: Quarterly Balance Sheet and Cash Flow
QUARTERLY BALANCE SHEET AND CASH FLOW Balance Sheet Cash from Operating Activities Q2 2021 Q1 2021 Q2 2020 5.1 5.2 Cash, Deposits & Marketable Securities $441.8 $438.7 $237.4 Accounts Recievable $62.7 $53.1 $39.8 Inventory $52.6 $52.8 $42.1 Trade Payable $31.4 $26.5 $13.0 -9.2 Net Working Capital $3
Slide 16: Q3 2021 Guidance
Q3 2021 GUIDANCE* • Revenue is expected to be between $88.0 million to $92.0 million • Non-GAAP operating income is expected to be between 12% to 14% of revenue *We assume zero impact of warrants on revenue and operating margin for the purposes of guidance 16 ©2021 Kornit Digital. All rights reserve
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 — Q2 2021 Earnings Presentation on 6ix

Kornit Digital — Q2 2021 Earnings Presentation

Slide 1: Kornit Digital Q2 2021 Earnings Call Supporting Slides

Slide 2: Safe Harbor

Slide 3: On Today's Call

Slide 4: Business Highlights

Slide 5: Very Strong Q2 and First Half of the Year

Slide 6: Exceeded Expectations

Slide 7: Business Activity

Slide 8: Business Activity

Slide 9: ©2021 Kornit Digital. All rights reserved.

Slide 10: ©2021 Kornit Digital. All rights reserved.

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: Q3 2021 Guidance

Slide 17: Thank You - Our Vision