The transition from analog to on-demand digital production is gaining momentum, as demonstrated by an increasing number of screen printers embracing Kornit platforms.
Kornit Digital Ltd. will hold its "Fashion is Choosing On-Demand" investor event in Las Vegas on September 10, 2024, alongside its involvement in PRINTING United Expo 2024. During this event, the company will emphasize its market opportunities, demonstrate its technology, present its go-to-market strategy, and discuss its long-term financial objectives.
“Kornit has a tremendous opportunity to lead in the digital transformation of the textile industry,” Ronen Samuel, Kornit’s CEO, said. “Brands and retailers need agility, and our solutions are perfectly aligned with these demands. With the addition of our innovative AIC model, and our revamped go-to-market, we are confident that Kornit is well positioned to deliver value to our customers, shareholders, and employees.”
Modern consumers are influenced by immediate trends and expect a wide range of options, sustainable practices, and next-day delivery. Unfortunately, traditional fashion supply chains are unable to meet these demands.
Kornit addresses these challenges with its on-demand digital solutions, which provide rapid production, creative flexibility, optimized manufacturing processes, and reduced waste. The company’s proprietary technology, featuring the MAX platforms and the recently introduced Apollo, facilitates efficient and high-quality production runs.
This results in a holistic solution that includes systems, consumables, and workflow software for both direct-to-garment (DTG) and roll-to-roll production. The transition from analog to on-demand digital production is rapidly gaining momentum, as demonstrated by an increasing number of screen printers embracing Kornit solutions. The company’s updated go-to-market strategy emphasizes comprehensive solutions, targets new market segments, and aims to unlock significant incremental market opportunities.
“By the end of the decade, we aim to achieve double-digit growth, significant recurring revenue from the AIC model, and substantial enhancements to profitability,” stated Samuel. “Additionally, we have announced a new $100 million share repurchase program today, which reflects our confidence in our vision and our dedication to enhancing shareholder value.”
