Kornit delivers on goals to hit annual revenue of $203.8m

Kornit Digital has achieved total revenue of $203.8m after a successful peak season.

This figure was down on the total revenue of $219.8m achieved in 2013, but this was attributed primarily to lower system revenues.

Total revenue for the fourth quarter of 2024 was $60.7m compared with $56.6 million in the same quarter in 2023, due primarily to growth in products revenue.

Ronen Samuel, Kornit’s CEO, said: “Our fourth quarter performance was fuelled by a successful peak season and growing impressions across our key customers.

“One of the most exciting highlights of Q4 was the Apollo platform’s performance. Having delivered 15 Apollo systems throughout the year, with most becoming fully operational during this critical period, customer feedback has been excellent, reinforcing Apollo’s role as a key enabler of mass-scale digital production.”

Mr. Samuel continued: “At the beginning of 2024, we set clear objectives: return to positive EBITDA, generate meaningful cash flow, and establish a scalable, disciplined model that fuels long-term expansion. Thanks to the dedicated efforts of our teams, I am pleased to report that we not only delivered on these goals but also introduced game-changing innovations, strengthened our market position, and expanded into new strategic adjacencies.”

For the first quarter of 2025, Kornit expects revenues to be in the range of $45.5m to $49.5m.