Printwear & Promotion The Total Promotional Package
Second quarter revenues for Kornit Digital were down from $56.2 million in Q2 of 2023 to $48.6 million.
Although in line with previous guidance, this drop was attributed to lower systems revenues.
Ronen Samuel, Kornit’s chief executive officer, said: “We are witnessing a pivotal shift to on-demand production in the fashion industry, where consumers are demanding both increased variety and faster delivery.
“While the positive impact of these trends on our systems sales remains muted, we again saw growth in impressions and consumables. This supports our view that our customers continue to digest available capacity.”
“In the second quarter, we also received several additional Apollo orders, including four on our AIC model. Given the strong initial feedback and traction we have seen with our AIC model, we made the decision to begin piloting the model on the Atlas MAX system for screen replacement customers.”
For the third quarter of 2024, Kornit expects revenues to be in the range of $48 million to $52 million.
