Kornit Digital Ltd. · NASDAQ:KRNT

Kornit Digital — Q1 2021 Earnings Presentation

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

  1. Slide 1: Q1 2021 Earnings Call Supporting Slides

    ©2021 Kornit Di gital. All rights reserved. KORNIT DIGITAL (NASDAQ : KRNT) 1 Q1 2021 EARNINGS CALL SUPPORTING SLIDES

  2. Slide 2: Safe Harbor

    SAFE HARBOR 2 ©2021 Kornit Digital. All rights reserved. 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, yo

  3. Slide 3: On Today's Call

    Ronen Samuel CEO Ronen Samuel CEO Alon Rozner CFO Alon Rozner CFO Amir Shaked Mandel EVP Corp Dev Amir Shaked Mandel EVP Corp Dev ON TODAY’S CALL 3 ©2021 Kornit Digital. All rights reserved.

  4. Slide 4: Business Highlights

    ©2021 Kornit Di gital. All rights reserved. BUSINESS HIGHLIGHTS 4 RONEN SAMUEL CEO

  5. Slide 5: A Strong Start to 2021

    ©2021 Kornit Digital. All rights reserved. A STRONG START TO 2021

  6. 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

  7. 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

  8. Slide 8: Kornit Atlas MAX: New Standard for On-Demand Textile Production

    ©2021 Kornit Digital. All rights reserved. KORNIT ATLAS MAX NEW STANDARD FOR ON - DEMAND TEXTILE PRODUCTION KORNIT XDi T E CH N O L O G Y

  9. Slide 9: Business Momentum

    ©2021 Kornit Digital. All rights reserved. 9 BUSINESS MOMENTUM • Exceptional start to the year • Backlog continues to grow • Believe we can deliver stronger sequential growth in the subsequent quarters than we had originally anticipated

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

    © 202 1 Kornit Digital. All rights reserved. © 202 1 Kornit Digital. All rights reserved. Tuesday, May 18 10:00am - 12:00pm ET

  11. Slide 11: Financial Highlights

    ©2021 Kornit Di gital. All rights reserved. FINANCIAL HIGHLIGHTS 1 1 ALON ROZNER CFO

  12. 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%

  13. Slide 13: Quarterly Gross Margin and Opex

    QUARTERLY GROSS MARGIN AND OPEX No n G AA P O p e r a t i n g E x p e n s e s ( % o f R e ve n u e ) Q 1 2 0 2 1 Q 1 20 2 0 R e s e a r c h & D e v e l o p m e n t 13.5% 23.4% S a l e s & M a r k e t i n g 14.9% 29.4% G e n e r a l & A d m i n i s t r a t i v e 8.8% 20.3% T o t a l O p e r a t in g

  14. Slide 14: Quarterly P&L

    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) 14 ©2021 Kornit Digital. All rights reserved

  15. Slide 15: Quarterly Balance Sheet and Cash Flow

    QUARTERLY BALANCE SHEET AND CASH FLOW C as h f r o m O p e r a t i n g A c t i v i t i e s B a l a n c e S h e e t $ in millions $ in millions Q 1 2 0 2 1 Q 4 2 0 20 Q 1 202 0 C a s h , De p o s i t s & M a r ke t a bl e S e c u r i t i es A c c o u n t s R ec i e va bl e Inventory T r a d e P a ya

  16. Slide 16: Slide EB3 tp update Elad Bashari, 15/02/2021

    Slide 15 EB3 tp update Elad Bashari, 15/02/2021

  17. Slide 17: Q2 2021 Guidance

    Q2 2021 GUIDANCE* *we assume zero impact of warrants on revenue and operating margin for the purposes of 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

  18. Slide 18: Our Vision / Thank You

    ©2021 Kornit Digital. All rights reserved. T A T I M E OUR VISION CREATE A BETTER WORLD WHERE EVERYBODY CAN BOND, DESIGN AND EXP R ES S T H E I R ID E NTITI ES , O N E IM P R ESS ION A THANK YOU

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