Overview

* Kornit Digital ( KRNT ) Q3 revenue grows 5% yr/yr, beating analyst expectations

* Adjusted EBITDA for Q3 was positive at $1.1 mln, reflecting operational improvements

* Company expands Apollo and Atlas MAX PLUS installations, boosting bulk apparel production

Outlook

* Company expects Q4 2025 revenue between $56 mln and $60 mln

* Kornit Digital ( KRNT ) anticipates Q4 adjusted EBITDA margin of 7% to 10%

* Company aims to expand in high-potential markets like footwear

Result Drivers

* APOLLO AND ATLAS EXPANSION - Expansion of Apollo and Atlas MAX PLUS installations driving growth in bulk apparel production

* AIC MODEL ADOPTION - Annual recurring revenue from AIC grew to $21.5 mln in Q3, reflecting continued adoption of Kornit's usage-based revenue model

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $53.13 $52.44

Revenue mln mln (6

Analysts

)

Q3 Net -$2.59

Income mln

Q3 Basic -$0.06

EPS

Q3 Gross $23.08

Profit mln

Q3 $31.14

Operatin mln

g

Expenses

Q3 -$8.05

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

* Wall Street's median 12-month price target for Kornit Digital Ltd ( KRNT ) is $24.00, about 44.5% above its November 4 closing price of $13.33

* The stock recently traded at 50 times the next 12-month earnings vs. a P/E of 47 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)