From GlobeNewswire: 2025-02-12 07:15:00

Kornit Digital reported fourth quarter revenues of $60.7 million, with GAAP net income of $2.2 million and non-GAAP net income of $8.7 million. The company delivered positive EBITDA and strong cash flow from operating activities in Q4 and for the full year 2024, setting the stage for profitable growth in 2025.

The successful performance was fueled by a peak season and growing impressions across key customers. Kornit’s Apollo platform, with 15 systems delivered throughout the year, received positive customer feedback. The company met its 2024 objectives of returning to positive EBITDA, generating cash flow, and establishing a scalable model for long-term expansion.

In the fourth quarter of 2024, total revenue was $60.7 million, up from $56.6 million in the prior year. GAAP gross profit margin was 51.3%, with non-GAAP gross profit margin at 55.1%. GAAP net income was $2.2 million, while non-GAAP net income was $8.7 million. Adjusted EBITDA for Q4 2024 was $8.4 million, compared to $0.2 million in Q4 2023.

For the full year 2024, total revenue was $203.8 million, with GAAP gross profit margin at 45.0% and non-GAAP gross profit margin at 48.6%. GAAP net loss for the year was $16.8 million, while non-GAAP net income was $10.1 million. Adjusted EBITDA for the full year was $0.3 million, compared to a loss of $30.9 million in 2023.

In the first quarter of 2025, Kornit expects revenues to be in the range of $45.5 million to $49.5 million, with an adjusted EBITDA margin between -9% to -4% of revenue. The company aims to continue its momentum and drive profitable growth, building on the foundation laid in 2024.



Read more at GlobeNewswire:: Kornit Digital Reports Fourth Quarter and Full Year 2024