Kornit Digital Reports Record Third Quarter 2021 Results

ROSH-HA'AYIN, Kornit Digital Ltd., a world leader in sustainable, on-demand, digital textile production technologies, has reported results for the third quarter ended September 30, 2021, with revenue up 51%.

Kornit attributes the results to their industry-transforming innovative platforms, Atlas MAX and Presto MAX, well-received in the market. Plus, the Company's inspirational global fashion tech platform in Los Angeles, New York, Italy, and Japan drives creativity, sustainability, and inclusiveness to the forefront of the fashion world, utilizing Kornit's on-demand technologies

"I am extremely proud of our phenomenal third-quarter performance, with record revenues across all regions, strong profitability and operating cash flows," said Ronen Samuel, Kornit Digital's Chief Executive Officer. "We are witnessing the change in the fashion industry with an acceleration to sustainable, on-demand production -- a revolutionary moment in how we all think and act about fashion, from the need for self-expression to responsible production. Kornit is leading the digital transformation the fashion industry must make with innovative solutions that break the barriers between imagination and physical applications."

Mr. Samuel concluded, "We enter 2022 with very strong business fundamentals supported by broad-based demand for our industry-leading solutions. This growing demand and market acceptance puts us firmly on the path of becoming a $1 billion revenue company in 2026."

"We are very pleased with our strong third-quarter performance, which continued our momentum from the first half of the year," said Alon Rozner, Kornit Digital's Chief Financial Officer. "We are focused on ending the year strong and supporting our customers to ensure they are ready for their peak season. We enter 2022 in a phenomenal position with outstanding business fundamentals, a robust backlog and strong pipeline."