Kornit Digital Ltd. (KRNT) 10-Year Financial Performance & Capital Metrics

KRNT • • Industrial / General

IndustrialsIndustrial MachineryLaser & Advanced ManufacturingIndustrial Laser Systems

AboutKornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company's solutions include digital printing systems, ink and other consumables, associated software, and value-added services. Its products and services include direct-to-garment printing platform for smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and maintenance and support, consulting, and professional services. The company serves decorators, online businesses, brand owners, and contract printers. Kornit Digital Ltd. was incorporated in 2002 and is headquartered in Rosh HaAyin, Israel.Show more

Revenue $204M -7.3%
EBITDA -$24M +66.7%
Net Income -$17M +73.9%
EPS (Diluted) -0.35 +73.3%
Gross Margin 45.02% +47.8%
EBITDA Margin -11.91% +64.1%
Operating Margin -18.31% +54.0%
Net Margin -8.24% +71.8%
ROE -2.21% +71.5%
ROIC -3.76% +55.1%
Debt/Equity 0.03 -14.8%
Interest Coverage -151.07 +59.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 16.5% free cash flow margin
✓Share count reduced 3.4% through buybacks
✓Trading at only 0.9x book value

✗Weaknesses

✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.87%

5Y2.53%

3Y-14.14%

TTM5.17%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM69.12%

EPS CAGR

10Y-

5Y-

3Y-

TTM66.82%

ROCE

10Y Avg-0.72%

5Y Avg-4.48%

3Y Avg-7.55%

Latest-4.79%

Peer Comparison

Industrial Laser Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BURUNuburu, Inc.	80.59M	0.18	-0.03	-92.71%	-578.52%
LASELaser Photonics Corporation	47.35M	2.12	-9.64	-13.31%	-105.37%	-183.55%		0.49
KRNTKornit Digital Ltd.	668.44M	14.54	-41.54	-7.26%	-6.17%	-1.83%	5.02%	0.03
XMTRXometry, Inc.	3.16B	63.57	-61.72	17.72%	-9.8%	-23.07%		0.94

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	86.41M	108.69M	114.09M	142.37M	179.87M	193.33M	322.01M	271.52M	219.79M	203.82M
Revenue Growth %	0.3%	0.26%	0.05%	0.25%	0.26%	0.07%	0.67%	-0.16%	-0.19%	-0.07%
Cost of Goods Sold+	45.82M	59.28M	59.98M	72.5M	97.79M	105.53M	170.09M	175.02M	152.83M	112.06M
COGS % of Revenue	0.53%	0.55%	0.53%	0.51%	0.54%	0.55%	0.53%	0.64%	0.7%	0.55%
Gross Profit+	40.59M	49.41M	54.11M	69.87M	82.08M	87.8M	151.91M	96.5M	66.96M	91.76M
Gross Margin %	0.47%	0.45%	0.47%	0.49%	0.46%	0.45%	0.47%	0.36%	0.3%	0.45%
Gross Profit Growth %	0.39%	0.22%	0.1%	0.29%	0.17%	0.07%	0.73%	-0.36%	-0.31%	0.37%
Operating Expenses+	34.82M	47.98M	55.69M	63.94M	74.48M	94.53M	139.12M	166.38M	154.49M	129.08M
OpEx % of Revenue	0.4%	0.44%	0.49%	0.45%	0.41%	0.49%	0.43%	0.61%	0.7%	0.63%
Selling, General & Admin	22.87M	30.6M	34.86M	42.03M	52.07M	63.07M	95.39M	110.36M	104.43M	87.5M
SG&A % of Revenue	0.26%	0.28%	0.31%	0.3%	0.29%	0.33%	0.3%	0.41%	0.48%	0.43%
Research & Development	11.95M	17.38M	20.83M	21.91M	22.41M	31.46M	43.73M	56.03M	50.06M	41.58M
R&D % of Revenue	0.14%	0.16%	0.18%	0.15%	0.12%	0.16%	0.14%	0.21%	0.23%	0.2%
Other Operating Expenses	0	0	0	0	503K	0	0	0	0	0
Operating Income+	5.77M	1.43M	-2.08M	5.6M	7.6M	-6.73M	12.79M	-69.88M	-87.53M	-37.31M
Operating Margin %	0.07%	0.01%	-0.02%	0.04%	0.04%	-0.03%	0.04%	-0.26%	-0.4%	-0.18%
Operating Income Growth %	0.51%	-0.75%	-2.46%	3.69%	0.36%	-1.89%	2.9%	-6.46%	-0.25%	0.57%
EBITDA+	7.55M	4.4M	2.73M	10.57M	12.06M	-2.02M	19.89M	-56.32M	-72.83M	-24.27M
EBITDA Margin %	0.09%	0.04%	0.02%	0.07%	0.07%	-0.01%	0.06%	-0.21%	-0.33%	-0.12%
EBITDA Growth %	0.46%	-0.42%	-0.38%	2.87%	0.14%	-1.17%	10.86%	-3.83%	-0.29%	0.67%
D&A (Non-Cash Add-back)	1.78M	2.97M	4.81M	4.96M	4.47M	4.71M	7.1M	13.56M	14.7M	13.05M
EBIT	5.77M	1.75M	-1.58M	5.92M	7.6M	-6.73M	12.79M	-69.88M	-87.53M	-37.31M
Net Interest Income+	256K	978K	1.75M	2.21M	4.11M	4.75M	5.09M	12.79M	27.35M	23.21M
Interest Income	416K	1.25M	2M	2.51M	4.51M	5.11M	5.37M	13.05M	27.59M	23.46M
Interest Expense	160K	277K	244K	299K	405K	357K	286K	265K	236K	247K
Other Income/Expense	-334K	46K	452K	1.43M	3.31M	3.5M	2.6M	13.38M	24.15M	22.35M
Pretax Income+	5.43M	1.48M	-1.63M	7.04M	10.91M	-3.23M	15.39M	-56.5M	-63.38M	-14.96M
Pretax Margin %	0.06%	0.01%	-0.01%	0.05%	0.06%	-0.02%	0.05%	-0.21%	-0.29%	-0.07%
Income Tax+	709K	648K	384K	-5.39M	744K	1.55M	-135K	22.57M	970K	1.83M
Effective Tax Rate %	0.87%	0.56%	1.24%	1.77%	0.93%	1.48%	1.01%	1.4%	1.02%	1.12%
Net Income+	4.72M	828K	-2.02M	12.43M	10.17M	-4.78M	15.53M	-79.06M	-64.35M	-16.8M
Net Margin %	0.05%	0.01%	-0.02%	0.09%	0.06%	-0.02%	0.05%	-0.29%	-0.29%	-0.08%
Net Income Growth %	0.56%	-0.82%	-3.43%	7.17%	-0.18%	-1.47%	4.25%	-6.09%	0.19%	0.74%
Net Income (Continuing)	4.72M	828K	-2.02M	12.43M	10.17M	-4.78M	15.53M	-79.06M	-64.35M	-16.8M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.18	0.03	-0.06	0.35	0.26	-0.11	0.32	-1.59	-1.31	-0.35
EPS Growth %	0.64%	-0.83%	-3%	6.83%	-0.26%	-1.42%	3.91%	-5.97%	0.18%	0.73%
EPS (Basic)	0.19	0.03	-0.06	0.36	0.27	-0.11	0.33	-1.59	-1.31	-0.35
Diluted Shares Outstanding	26.46M	31.73M	33.57M	35.36M	39.29M	42.29M	48.6M	49.79M	49.16M	47.48M
Basic Shares Outstanding	24.63M	30.56M	33.57M	34.52M	38.08M	42.29M	47.08M	49.79M	49.16M	47.48M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	87.04M	98.78M	89.43M	140.76M	253.28M	477.53M	775.34M	578.84M	522.39M	615.39M
Cash & Short-Term Investments	44.99M	39.29M	28.67M	83.11M	168.31M	364.3M	648.84M	400.01M	332.5M	463.87M
Cash Only	18.46M	22.79M	18.63M	74.13M	40.74M	125.78M	611.55M	104.6M	39.6M	35M
Short-Term Investments	26.53M	16.5M	10.04M	8.98M	127.57M	238.52M	37.28M	295.41M	292.89M	428.87M
Accounts Receivable	22.6M	31.64M	23.25M	21.95M	40.51M	51.57M	49.8M	67.36M	93.63M	65.46M
Days Sales Outstanding	95.46	106.24	74.37	56.28	82.21	97.35	56.45	90.55	155.5	117.22
Inventory	15.8M	24.12M	34.85M	30.03M	37.48M	52.49M	63.02M	89.42M	67.71M	60.34M
Days Inventory Outstanding	125.89	148.51	212.12	151.18	139.88	181.54	135.23	186.47	161.72	196.54
Other Current Assets	3.31M	3.73M	2.66M	5.66M	6.99M	9.18M	13.69M	22.05M	595K	25.71M
Total Non-Current Assets+	36.39M	41.26M	88.95M	74.07M	152.18M	151.46M	265.53M	378.83M	343.19M	172.09M
Property, Plant & Equipment	4.78M	9.25M	11.23M	14.99M	40.3M	50.31M	70.2M	87.6M	74.69M	78.28M
Fixed Asset Turnover	18.08x	11.75x	10.16x	9.50x	4.46x	3.84x	4.59x	3.10x	2.94x	2.60x
Goodwill	0	5.09M	5.09M	5.09M	5.56M	16.47M	25.45M	29.16M	29.16M	29.16M
Intangible Assets	1.02M	3.38M	2.08M	1.01M	2.49M	7.22M	10.06M	9.89M	7.65M	5.72M
Long-Term Investments	29.15M	21.72M	68.83M	44.6M	95.39M	71.64M	149.27M	245.97M	223.2M	48.09M
Other Non-Current Assets	309K	1.05M	1.15M	1.09M	657K	732K	1.21M	6.2M	8.49M	10.85M
Total Assets+	123.43M	140.05M	178.37M	214.82M	405.47M	628.99M	1.04B	957.67M	865.58M	787.48M
Asset Turnover	0.70x	0.78x	0.64x	0.66x	0.44x	0.31x	0.31x	0.28x	0.25x	0.26x
Asset Growth %	2.56%	0.13%	0.27%	0.2%	0.89%	0.55%	0.65%	-0.08%	-0.1%	-0.09%
Total Current Liabilities+	21.25M	30.13M	25.52M	33.17M	45.58M	89.63M	96.68M	65.37M	50.1M	44.33M
Accounts Payable	13.23M	16.43M	12.44M	16.61M	23.45M	32.02M	46.45M	14.83M	6.94M	9.02M
Days Payables Outstanding	105.39	101.17	75.7	83.64	87.52	110.73	99.67	30.93	16.57	29.38
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	5.67M	6.1M	5.05M	10.66M	11.88M	19.1M	31.52M	25.59M	18.2M	16.56M
Current Ratio	4.10x	3.28x	3.50x	4.24x	5.56x	5.33x	8.02x	8.85x	10.43x	13.88x
Quick Ratio	3.35x	2.48x	2.14x	3.34x	4.73x	4.74x	7.37x	7.49x	9.07x	12.52x
Cash Conversion Cycle	115.96	153.58	210.78	123.82	134.57	168.16	92	246.09	300.65	284.38
Total Non-Current Liabilities+	1.91M	2.73M	2.15M	2.52M	21.59M	20.34M	24.65M	23.47M	19.81M	16.25M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	19.23M	18.69M	21.9M	21.04M	18.53M	15.06M
Deferred Tax Liabilities	74K	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	1.84M	2.73M	2.15M	2.52M	2.35M	1.66M	2.75M	2.44M	1.28M	1.19M
Total Liabilities	23.16M	32.86M	27.68M	35.69M	67.16M	109.97M	121.32M	88.84M	69.91M	60.59M
Total Debt+	0	0	0	0	23.13M	22.64M	26.96M	26.02M	23.61M	18.38M
Net Debt	-18.46M	-22.79M	-18.63M	-74.13M	-17.61M	-103.13M	-584.59M	-78.57M	-16M	-16.63M
Debt / Equity	-	-	-	-	0.07x	0.04x	0.03x	0.03x	0.03x	0.03x
Debt / EBITDA	-	-	-	-	1.92x	-	1.36x	-	-	-
Net Debt / EBITDA	-2.45x	-5.18x	-6.82x	-7.01x	-1.46x	-	-29.39x	-	-	-
Interest Coverage	36.05x	5.16x	-8.54x	18.74x	18.76x	-18.85x	44.73x	-263.71x	-370.89x	-151.07x
Total Equity+	100.26M	107.19M	150.7M	179.14M	338.3M	519.02M	919.55M	868.82M	795.67M	726.9M
Equity Growth %	4.18%	0.07%	0.41%	0.19%	0.89%	0.53%	0.77%	-0.06%	-0.08%	-0.09%
Book Value per Share	3.79	3.38	4.49	5.07	8.61	12.27	18.92	17.45	16.19	15.31
Total Shareholders' Equity	100.26M	107.19M	150.7M	179.14M	338.3M	519.02M	919.55M	868.82M	795.67M	726.9M
Common Stock	76K	78K	86K	89K	105K	121K	133K	134K	134K	134K
Retained Earnings	11.4M	12.23M	10.14M	22.57M	32.74M	27.95M	43.48M	-35.58M	-99.93M	-116.73M
Treasury Stock	0	0	0	0	0	0	0	0	-55.77M	-121.69M
Accumulated OCI	-283K	-82K	301K	-238K	843K	2.73M	571K	-17.42M	-7.21M	-868K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-2.21M	956K	5.99M	33.37M	11M	32.41M	53.64M	-99.35M	-34.68M	48.73M
Operating CF Margin %	-0.03%	0.01%	0.05%	0.23%	0.06%	0.17%	0.17%	-0.37%	-0.16%	0.24%
Operating CF Growth %	-5.55%	1.43%	5.27%	4.57%	-0.67%	1.95%	0.66%	-2.85%	0.65%	2.4%
Net Income	4.72M	828K	-2.02M	12.43M	10.17M	-4.78M	15.53M	-79.06M	-64.35M	-16.8M
Depreciation & Amortization	1.78M	2.96M	4.81M	4.96M	4.44M	4.71M	7.1M	13.56M	14.7M	13.05M
Stock-Based Compensation	2.38M	2.99M	4.41M	5.55M	6.61M	10.04M	15.13M	0	22.59M	0
Deferred Taxes	-42K	2.8M	2.49M	-6.67M	4.92M	4.9M	0	8.53M	0	0
Other Non-Cash Items	636K	189K	228K	5.83M	23K	139K	26.98M	46.98M	33.81M	25.65M
Working Capital Changes	-11.69M	-8.82M	-3.94M	4.59M	-15.16M	17.41M	-11.09M	-89.36M	-41.43M	26.83M
Change in Receivables	-13.12M	-9.26M	9.08M	1.07M	-18.62M	-9.53M	1.78M	-24.53M	-19.22M	28.17M
Change in Inventory	-4.61M	-6.06M	-10.63M	4.04M	-4.18M	-15.83M	-14.08M	-29M	11.03M	3M
Change in Payables	7.04M	2.82M	-3.63M	4.39M	6.03M	6.86M	12.87M	-26.95M	-6.49M	2.15M
Cash from Investing+	-58.87M	2.46M	-46.74M	16.68M	-179.5M	-114.63M	89.75M	-407.27M	26.21M	31.49M
Capital Expenditures	-1.86M	-5.46M	-5.66M	-7.29M	-6.75M	-13.61M	-14.48M	-18.35M	-7.01M	-15.14M
CapEx % of Revenue	0.02%	0.05%	0.05%	0.05%	0.04%	0.07%	0.04%	0.07%	0.03%	0.07%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	8K	17.13M	6K	23.98M	3K	4K	-130K	0	33.22M	0
Cash from Financing+	74.6M	939K	36.44M	5.53M	135.13M	167.04M	342.38M	-332K	-56.52M	-84.81M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	421K	939K	1.36M	5.53M	5.42M	5.06M	2.62M	-951K	-752K	-1.48M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-4.07M	-4.51M	330K	26.07M	4.25M	18.8M	39.04M	-117.39M	-41.69M	33.59M
FCF Margin %	-0.05%	-0.04%	0%	0.18%	0.02%	0.1%	0.12%	-0.43%	-0.19%	0.16%
FCF Growth %	-0.81%	-0.11%	1.07%	78.01%	-0.84%	3.42%	1.08%	-4.01%	0.64%	1.81%
FCF per Share	-0.15	-0.14	0.01	0.74	0.11	0.44	0.80	-2.36	-0.85	0.71
FCF Conversion (FCF/Net Income)	-0.47x	1.15x	-2.97x	2.68x	1.08x	-6.78x	3.45x	1.26x	0.54x	-2.90x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	1.37M	593K	853K	1.8M	353K	1.03M	435K	0	1.95M	1.84M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.9%	0.8%	-1.56%	7.54%	3.93%	-1.12%	2.16%	-8.84%	-7.73%	-2.21%
Return on Invested Capital (ROIC)	9%	1.29%	-1.44%	3.55%	2.68%	-1.37%	2.56%	-9.32%	-8.36%	-3.76%
Gross Margin	46.97%	45.46%	47.43%	49.07%	45.63%	45.41%	47.18%	35.54%	30.46%	45.02%
Net Margin	5.47%	0.76%	-1.77%	8.73%	5.65%	-2.47%	4.82%	-29.12%	-29.28%	-8.24%
Debt / Equity	-	-	-	-	0.07x	0.04x	0.03x	0.03x	0.03x	0.03x
Interest Coverage	36.05x	5.16x	-8.54x	18.74x	18.76x	-18.85x	44.73x	-263.71x	-370.89x	-151.07x
FCF Conversion	-0.47x	1.15x	-2.97x	2.68x	1.08x	-6.78x	3.45x	1.26x	0.54x	-2.90x
Revenue Growth	30.2%	25.8%	4.96%	24.79%	26.33%	7.49%	66.56%	-15.68%	-19.05%	-7.26%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Product	-	-	172K	-	25.18M	-	-	161.04M	148.09M
Product Growth	-	-	-	-	-	-	-	-	-8.05%
Service	-	-	-	5.72M	-	-	-	61.31M	55.74M
Service Growth	-	-	-	-	-	-	-	-	-9.09%

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	77.65M	-	-	211.29M	138.51M	123.55M	115.03M
UNITED STATES Growth	-	-	-	-	-	-	-34.44%	-10.80%	-6.89%
EMEA	24.72M	32.02M	45.2M	48.81M	45.86M	78.69M	93.24M	60.71M	50.09M
EMEA Growth	-	29.51%	41.17%	8.00%	-6.05%	71.58%	18.50%	-34.89%	-17.49%
Asia Pacific	-	-	15.57M	22.1M	14.21M	23.34M	24.4M	22.01M	21.51M
Asia Pacific Growth	-	-	-	41.93%	-35.70%	64.25%	4.52%	-9.80%	-2.26%
Other Countries Member	-	-	-	-	-	-	15.36M	13.52M	-
Other Countries Member Growth	-	-	-	-	-	-	-	-11.98%	-
TotalRevenueCountriesMember	-	-	-	-	193.33M	322.01M	-	-	-
TotalRevenueCountriesMember Growth	-	-	-	-	-	66.56%	-	-	-
OtherCountriesMember	-	-	-	-	8.89M	8.69M	-	-	-
OtherCountriesMember Growth	-	-	-	-	-	-2.26%	-	-	-
United States	-	-	-	100.46M	-	-	-	-	-
United States Growth	-	-	-	-	-	-	-	-	-
Other Countries	-	-	3.95M	8.5M	-	-	-	-	-
Other Countries Growth	-	-	-	114.92%	-	-	-	-	-
Americas	72.01M	60.54M	-	-	-	-	-	-	-
Americas Growth	-	-15.93%	-	-	-	-	-	-	-
Asia Pacific Other	11.96M	16.09M	-	-	-	-	-	-	-
Asia Pacific Other Growth	-	34.51%	-	-	-	-	-	-	-
Other	-	5.44M	-	-	-	-	-	-	-
Other Growth	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Kornit Digital Ltd. (KRNT) reported $210.0M in revenue for fiscal year 2024. This represents a 436% increase from $39.2M in 2012.

Kornit Digital Ltd. (KRNT) saw revenue decline by 7.3% over the past year.

Kornit Digital Ltd. (KRNT) reported a net loss of $13.0M for fiscal year 2024.

Dividend & Returns

Kornit Digital Ltd. (KRNT) has a return on equity (ROE) of -2.2%. Negative ROE indicates the company is unprofitable.

Kornit Digital Ltd. (KRNT) generated $15.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Kornit Digital Ltd. (KRNT) 10-Year Financial Performance & Capital Metrics

KRNT • • Industrial / General

IndustrialsIndustrial MachineryLaser & Advanced ManufacturingIndustrial Laser Systems

Revenue $204M -7.3%
EBITDA -$24M +66.7%
Net Income -$17M +73.9%
EPS (Diluted) -0.35 +73.3%
Gross Margin 45.02% +47.8%
EBITDA Margin -11.91% +64.1%
Operating Margin -18.31% +54.0%
Net Margin -8.24% +71.8%
ROE -2.21% +71.5%
ROIC -3.76% +55.1%
Debt/Equity 0.03 -14.8%
Interest Coverage -151.07 +59.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 16.5% free cash flow margin
✓Share count reduced 3.4% through buybacks
✓Trading at only 0.9x book value

✗Weaknesses

✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.87%

5Y2.53%

3Y-14.14%

TTM5.17%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM69.12%

EPS CAGR

10Y-

5Y-

3Y-

TTM66.82%

ROCE

10Y Avg-0.72%

5Y Avg-4.48%

3Y Avg-7.55%

Latest-4.79%

Peer Comparison

Industrial Laser Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BURUNuburu, Inc.	80.59M	0.18	-0.03	-92.71%	-578.52%
LASELaser Photonics Corporation	47.35M	2.12	-9.64	-13.31%	-105.37%	-183.55%		0.49
KRNTKornit Digital Ltd.	668.44M	14.54	-41.54	-7.26%	-6.17%	-1.83%	5.02%	0.03
XMTRXometry, Inc.	3.16B	63.57	-61.72	17.72%	-9.8%	-23.07%		0.94

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	86.41M	108.69M	114.09M	142.37M	179.87M	193.33M	322.01M	271.52M	219.79M	203.82M
Revenue Growth %	0.3%	0.26%	0.05%	0.25%	0.26%	0.07%	0.67%	-0.16%	-0.19%	-0.07%
Cost of Goods Sold+	45.82M	59.28M	59.98M	72.5M	97.79M	105.53M	170.09M	175.02M	152.83M	112.06M
COGS % of Revenue	0.53%	0.55%	0.53%	0.51%	0.54%	0.55%	0.53%	0.64%	0.7%	0.55%
Gross Profit+	40.59M	49.41M	54.11M	69.87M	82.08M	87.8M	151.91M	96.5M	66.96M	91.76M
Gross Margin %	0.47%	0.45%	0.47%	0.49%	0.46%	0.45%	0.47%	0.36%	0.3%	0.45%
Gross Profit Growth %	0.39%	0.22%	0.1%	0.29%	0.17%	0.07%	0.73%	-0.36%	-0.31%	0.37%
Operating Expenses+	34.82M	47.98M	55.69M	63.94M	74.48M	94.53M	139.12M	166.38M	154.49M	129.08M
OpEx % of Revenue	0.4%	0.44%	0.49%	0.45%	0.41%	0.49%	0.43%	0.61%	0.7%	0.63%
Selling, General & Admin	22.87M	30.6M	34.86M	42.03M	52.07M	63.07M	95.39M	110.36M	104.43M	87.5M
SG&A % of Revenue	0.26%	0.28%	0.31%	0.3%	0.29%	0.33%	0.3%	0.41%	0.48%	0.43%
Research & Development	11.95M	17.38M	20.83M	21.91M	22.41M	31.46M	43.73M	56.03M	50.06M	41.58M
R&D % of Revenue	0.14%	0.16%	0.18%	0.15%	0.12%	0.16%	0.14%	0.21%	0.23%	0.2%
Other Operating Expenses	0	0	0	0	503K	0	0	0	0	0
Operating Income+	5.77M	1.43M	-2.08M	5.6M	7.6M	-6.73M	12.79M	-69.88M	-87.53M	-37.31M
Operating Margin %	0.07%	0.01%	-0.02%	0.04%	0.04%	-0.03%	0.04%	-0.26%	-0.4%	-0.18%
Operating Income Growth %	0.51%	-0.75%	-2.46%	3.69%	0.36%	-1.89%	2.9%	-6.46%	-0.25%	0.57%
EBITDA+	7.55M	4.4M	2.73M	10.57M	12.06M	-2.02M	19.89M	-56.32M	-72.83M	-24.27M
EBITDA Margin %	0.09%	0.04%	0.02%	0.07%	0.07%	-0.01%	0.06%	-0.21%	-0.33%	-0.12%
EBITDA Growth %	0.46%	-0.42%	-0.38%	2.87%	0.14%	-1.17%	10.86%	-3.83%	-0.29%	0.67%
D&A (Non-Cash Add-back)	1.78M	2.97M	4.81M	4.96M	4.47M	4.71M	7.1M	13.56M	14.7M	13.05M
EBIT	5.77M	1.75M	-1.58M	5.92M	7.6M	-6.73M	12.79M	-69.88M	-87.53M	-37.31M
Net Interest Income+	256K	978K	1.75M	2.21M	4.11M	4.75M	5.09M	12.79M	27.35M	23.21M
Interest Income	416K	1.25M	2M	2.51M	4.51M	5.11M	5.37M	13.05M	27.59M	23.46M
Interest Expense	160K	277K	244K	299K	405K	357K	286K	265K	236K	247K
Other Income/Expense	-334K	46K	452K	1.43M	3.31M	3.5M	2.6M	13.38M	24.15M	22.35M
Pretax Income+	5.43M	1.48M	-1.63M	7.04M	10.91M	-3.23M	15.39M	-56.5M	-63.38M	-14.96M
Pretax Margin %	0.06%	0.01%	-0.01%	0.05%	0.06%	-0.02%	0.05%	-0.21%	-0.29%	-0.07%
Income Tax+	709K	648K	384K	-5.39M	744K	1.55M	-135K	22.57M	970K	1.83M
Effective Tax Rate %	0.87%	0.56%	1.24%	1.77%	0.93%	1.48%	1.01%	1.4%	1.02%	1.12%
Net Income+	4.72M	828K	-2.02M	12.43M	10.17M	-4.78M	15.53M	-79.06M	-64.35M	-16.8M
Net Margin %	0.05%	0.01%	-0.02%	0.09%	0.06%	-0.02%	0.05%	-0.29%	-0.29%	-0.08%
Net Income Growth %	0.56%	-0.82%	-3.43%	7.17%	-0.18%	-1.47%	4.25%	-6.09%	0.19%	0.74%
Net Income (Continuing)	4.72M	828K	-2.02M	12.43M	10.17M	-4.78M	15.53M	-79.06M	-64.35M	-16.8M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.18	0.03	-0.06	0.35	0.26	-0.11	0.32	-1.59	-1.31	-0.35
EPS Growth %	0.64%	-0.83%	-3%	6.83%	-0.26%	-1.42%	3.91%	-5.97%	0.18%	0.73%
EPS (Basic)	0.19	0.03	-0.06	0.36	0.27	-0.11	0.33	-1.59	-1.31	-0.35
Diluted Shares Outstanding	26.46M	31.73M	33.57M	35.36M	39.29M	42.29M	48.6M	49.79M	49.16M	47.48M
Basic Shares Outstanding	24.63M	30.56M	33.57M	34.52M	38.08M	42.29M	47.08M	49.79M	49.16M	47.48M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	87.04M	98.78M	89.43M	140.76M	253.28M	477.53M	775.34M	578.84M	522.39M	615.39M
Cash & Short-Term Investments	44.99M	39.29M	28.67M	83.11M	168.31M	364.3M	648.84M	400.01M	332.5M	463.87M
Cash Only	18.46M	22.79M	18.63M	74.13M	40.74M	125.78M	611.55M	104.6M	39.6M	35M
Short-Term Investments	26.53M	16.5M	10.04M	8.98M	127.57M	238.52M	37.28M	295.41M	292.89M	428.87M
Accounts Receivable	22.6M	31.64M	23.25M	21.95M	40.51M	51.57M	49.8M	67.36M	93.63M	65.46M
Days Sales Outstanding	95.46	106.24	74.37	56.28	82.21	97.35	56.45	90.55	155.5	117.22
Inventory	15.8M	24.12M	34.85M	30.03M	37.48M	52.49M	63.02M	89.42M	67.71M	60.34M
Days Inventory Outstanding	125.89	148.51	212.12	151.18	139.88	181.54	135.23	186.47	161.72	196.54
Other Current Assets	3.31M	3.73M	2.66M	5.66M	6.99M	9.18M	13.69M	22.05M	595K	25.71M
Total Non-Current Assets+	36.39M	41.26M	88.95M	74.07M	152.18M	151.46M	265.53M	378.83M	343.19M	172.09M
Property, Plant & Equipment	4.78M	9.25M	11.23M	14.99M	40.3M	50.31M	70.2M	87.6M	74.69M	78.28M
Fixed Asset Turnover	18.08x	11.75x	10.16x	9.50x	4.46x	3.84x	4.59x	3.10x	2.94x	2.60x
Goodwill	0	5.09M	5.09M	5.09M	5.56M	16.47M	25.45M	29.16M	29.16M	29.16M
Intangible Assets	1.02M	3.38M	2.08M	1.01M	2.49M	7.22M	10.06M	9.89M	7.65M	5.72M
Long-Term Investments	29.15M	21.72M	68.83M	44.6M	95.39M	71.64M	149.27M	245.97M	223.2M	48.09M
Other Non-Current Assets	309K	1.05M	1.15M	1.09M	657K	732K	1.21M	6.2M	8.49M	10.85M
Total Assets+	123.43M	140.05M	178.37M	214.82M	405.47M	628.99M	1.04B	957.67M	865.58M	787.48M
Asset Turnover	0.70x	0.78x	0.64x	0.66x	0.44x	0.31x	0.31x	0.28x	0.25x	0.26x
Asset Growth %	2.56%	0.13%	0.27%	0.2%	0.89%	0.55%	0.65%	-0.08%	-0.1%	-0.09%
Total Current Liabilities+	21.25M	30.13M	25.52M	33.17M	45.58M	89.63M	96.68M	65.37M	50.1M	44.33M
Accounts Payable	13.23M	16.43M	12.44M	16.61M	23.45M	32.02M	46.45M	14.83M	6.94M	9.02M
Days Payables Outstanding	105.39	101.17	75.7	83.64	87.52	110.73	99.67	30.93	16.57	29.38
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	5.67M	6.1M	5.05M	10.66M	11.88M	19.1M	31.52M	25.59M	18.2M	16.56M
Current Ratio	4.10x	3.28x	3.50x	4.24x	5.56x	5.33x	8.02x	8.85x	10.43x	13.88x
Quick Ratio	3.35x	2.48x	2.14x	3.34x	4.73x	4.74x	7.37x	7.49x	9.07x	12.52x
Cash Conversion Cycle	115.96	153.58	210.78	123.82	134.57	168.16	92	246.09	300.65	284.38
Total Non-Current Liabilities+	1.91M	2.73M	2.15M	2.52M	21.59M	20.34M	24.65M	23.47M	19.81M	16.25M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	19.23M	18.69M	21.9M	21.04M	18.53M	15.06M
Deferred Tax Liabilities	74K	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	1.84M	2.73M	2.15M	2.52M	2.35M	1.66M	2.75M	2.44M	1.28M	1.19M
Total Liabilities	23.16M	32.86M	27.68M	35.69M	67.16M	109.97M	121.32M	88.84M	69.91M	60.59M
Total Debt+	0	0	0	0	23.13M	22.64M	26.96M	26.02M	23.61M	18.38M
Net Debt	-18.46M	-22.79M	-18.63M	-74.13M	-17.61M	-103.13M	-584.59M	-78.57M	-16M	-16.63M
Debt / Equity	-	-	-	-	0.07x	0.04x	0.03x	0.03x	0.03x	0.03x
Debt / EBITDA	-	-	-	-	1.92x	-	1.36x	-	-	-
Net Debt / EBITDA	-2.45x	-5.18x	-6.82x	-7.01x	-1.46x	-	-29.39x	-	-	-
Interest Coverage	36.05x	5.16x	-8.54x	18.74x	18.76x	-18.85x	44.73x	-263.71x	-370.89x	-151.07x
Total Equity+	100.26M	107.19M	150.7M	179.14M	338.3M	519.02M	919.55M	868.82M	795.67M	726.9M
Equity Growth %	4.18%	0.07%	0.41%	0.19%	0.89%	0.53%	0.77%	-0.06%	-0.08%	-0.09%
Book Value per Share	3.79	3.38	4.49	5.07	8.61	12.27	18.92	17.45	16.19	15.31
Total Shareholders' Equity	100.26M	107.19M	150.7M	179.14M	338.3M	519.02M	919.55M	868.82M	795.67M	726.9M
Common Stock	76K	78K	86K	89K	105K	121K	133K	134K	134K	134K
Retained Earnings	11.4M	12.23M	10.14M	22.57M	32.74M	27.95M	43.48M	-35.58M	-99.93M	-116.73M
Treasury Stock	0	0	0	0	0	0	0	0	-55.77M	-121.69M
Accumulated OCI	-283K	-82K	301K	-238K	843K	2.73M	571K	-17.42M	-7.21M	-868K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-2.21M	956K	5.99M	33.37M	11M	32.41M	53.64M	-99.35M	-34.68M	48.73M
Operating CF Margin %	-0.03%	0.01%	0.05%	0.23%	0.06%	0.17%	0.17%	-0.37%	-0.16%	0.24%
Operating CF Growth %	-5.55%	1.43%	5.27%	4.57%	-0.67%	1.95%	0.66%	-2.85%	0.65%	2.4%
Net Income	4.72M	828K	-2.02M	12.43M	10.17M	-4.78M	15.53M	-79.06M	-64.35M	-16.8M
Depreciation & Amortization	1.78M	2.96M	4.81M	4.96M	4.44M	4.71M	7.1M	13.56M	14.7M	13.05M
Stock-Based Compensation	2.38M	2.99M	4.41M	5.55M	6.61M	10.04M	15.13M	0	22.59M	0
Deferred Taxes	-42K	2.8M	2.49M	-6.67M	4.92M	4.9M	0	8.53M	0	0
Other Non-Cash Items	636K	189K	228K	5.83M	23K	139K	26.98M	46.98M	33.81M	25.65M
Working Capital Changes	-11.69M	-8.82M	-3.94M	4.59M	-15.16M	17.41M	-11.09M	-89.36M	-41.43M	26.83M
Change in Receivables	-13.12M	-9.26M	9.08M	1.07M	-18.62M	-9.53M	1.78M	-24.53M	-19.22M	28.17M
Change in Inventory	-4.61M	-6.06M	-10.63M	4.04M	-4.18M	-15.83M	-14.08M	-29M	11.03M	3M
Change in Payables	7.04M	2.82M	-3.63M	4.39M	6.03M	6.86M	12.87M	-26.95M	-6.49M	2.15M
Cash from Investing+	-58.87M	2.46M	-46.74M	16.68M	-179.5M	-114.63M	89.75M	-407.27M	26.21M	31.49M
Capital Expenditures	-1.86M	-5.46M	-5.66M	-7.29M	-6.75M	-13.61M	-14.48M	-18.35M	-7.01M	-15.14M
CapEx % of Revenue	0.02%	0.05%	0.05%	0.05%	0.04%	0.07%	0.04%	0.07%	0.03%	0.07%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	8K	17.13M	6K	23.98M	3K	4K	-130K	0	33.22M	0
Cash from Financing+	74.6M	939K	36.44M	5.53M	135.13M	167.04M	342.38M	-332K	-56.52M	-84.81M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	421K	939K	1.36M	5.53M	5.42M	5.06M	2.62M	-951K	-752K	-1.48M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-4.07M	-4.51M	330K	26.07M	4.25M	18.8M	39.04M	-117.39M	-41.69M	33.59M
FCF Margin %	-0.05%	-0.04%	0%	0.18%	0.02%	0.1%	0.12%	-0.43%	-0.19%	0.16%
FCF Growth %	-0.81%	-0.11%	1.07%	78.01%	-0.84%	3.42%	1.08%	-4.01%	0.64%	1.81%
FCF per Share	-0.15	-0.14	0.01	0.74	0.11	0.44	0.80	-2.36	-0.85	0.71
FCF Conversion (FCF/Net Income)	-0.47x	1.15x	-2.97x	2.68x	1.08x	-6.78x	3.45x	1.26x	0.54x	-2.90x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	1.37M	593K	853K	1.8M	353K	1.03M	435K	0	1.95M	1.84M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.9%	0.8%	-1.56%	7.54%	3.93%	-1.12%	2.16%	-8.84%	-7.73%	-2.21%
Return on Invested Capital (ROIC)	9%	1.29%	-1.44%	3.55%	2.68%	-1.37%	2.56%	-9.32%	-8.36%	-3.76%
Gross Margin	46.97%	45.46%	47.43%	49.07%	45.63%	45.41%	47.18%	35.54%	30.46%	45.02%
Net Margin	5.47%	0.76%	-1.77%	8.73%	5.65%	-2.47%	4.82%	-29.12%	-29.28%	-8.24%
Debt / Equity	-	-	-	-	0.07x	0.04x	0.03x	0.03x	0.03x	0.03x
Interest Coverage	36.05x	5.16x	-8.54x	18.74x	18.76x	-18.85x	44.73x	-263.71x	-370.89x	-151.07x
FCF Conversion	-0.47x	1.15x	-2.97x	2.68x	1.08x	-6.78x	3.45x	1.26x	0.54x	-2.90x
Revenue Growth	30.2%	25.8%	4.96%	24.79%	26.33%	7.49%	66.56%	-15.68%	-19.05%	-7.26%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Product	-	-	172K	-	25.18M	-	-	161.04M	148.09M
Product Growth	-	-	-	-	-	-	-	-	-8.05%
Service	-	-	-	5.72M	-	-	-	61.31M	55.74M
Service Growth	-	-	-	-	-	-	-	-	-9.09%

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	77.65M	-	-	211.29M	138.51M	123.55M	115.03M
UNITED STATES Growth	-	-	-	-	-	-	-34.44%	-10.80%	-6.89%
EMEA	24.72M	32.02M	45.2M	48.81M	45.86M	78.69M	93.24M	60.71M	50.09M
EMEA Growth	-	29.51%	41.17%	8.00%	-6.05%	71.58%	18.50%	-34.89%	-17.49%
Asia Pacific	-	-	15.57M	22.1M	14.21M	23.34M	24.4M	22.01M	21.51M
Asia Pacific Growth	-	-	-	41.93%	-35.70%	64.25%	4.52%	-9.80%	-2.26%
Other Countries Member	-	-	-	-	-	-	15.36M	13.52M	-
Other Countries Member Growth	-	-	-	-	-	-	-	-11.98%	-
TotalRevenueCountriesMember	-	-	-	-	193.33M	322.01M	-	-	-
TotalRevenueCountriesMember Growth	-	-	-	-	-	66.56%	-	-	-
OtherCountriesMember	-	-	-	-	8.89M	8.69M	-	-	-
OtherCountriesMember Growth	-	-	-	-	-	-2.26%	-	-	-
United States	-	-	-	100.46M	-	-	-	-	-
United States Growth	-	-	-	-	-	-	-	-	-
Other Countries	-	-	3.95M	8.5M	-	-	-	-	-
Other Countries Growth	-	-	-	114.92%	-	-	-	-	-
Americas	72.01M	60.54M	-	-	-	-	-	-	-
Americas Growth	-	-15.93%	-	-	-	-	-	-	-
Asia Pacific Other	11.96M	16.09M	-	-	-	-	-	-	-
Asia Pacific Other Growth	-	34.51%	-	-	-	-	-	-	-
Other	-	5.44M	-	-	-	-	-	-	-
Other Growth	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Kornit Digital Ltd. (KRNT) reported $210.0M in revenue for fiscal year 2024. This represents a 436% increase from $39.2M in 2012.

Kornit Digital Ltd. (KRNT) saw revenue decline by 7.3% over the past year.

Kornit Digital Ltd. (KRNT) reported a net loss of $13.0M for fiscal year 2024.

Dividend & Returns

Kornit Digital Ltd. (KRNT) has a return on equity (ROE) of -2.2%. Negative ROE indicates the company is unprofitable.

Kornit Digital Ltd. (KRNT) generated $15.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.