Kornit Digital announced that Chief Financial Officer Lauri Hanover will step down for personal reasons, with the transition scheduled to complete by mid‑December 2025. The company named Assaf Zipori, former Global CFO of Nano Dimension, as the new CFO, citing his experience in technology and manufacturing finance to support Kornit’s growth strategy.
Assaf Zipori brings a track record of managing finance for high‑growth technology firms. Prior to joining Kornit, he served as Global CFO at Nano Dimension, where he oversaw financial operations during a period of rapid expansion and multiple capital‑raising rounds. His background in scaling finance functions in fast‑moving tech environments is expected to help Kornit navigate its transition to a recurring‑revenue model and pursue new market opportunities.
The board also approved a new share‑repurchase program authorizing up to $100 million in repurchases. The program follows $165 million of share buybacks executed since 2023 and may commence after a 30‑day creditor notification period required by Israeli law. Repurchases can be conducted in the open market or through private transactions, and the program is subject to a Q4 2025 blackout period. The initiative is intended to enhance shareholder value while preserving a strong balance sheet.
Kornit’s Q3 2025 results provide context for the new program. Revenue rose 5% year‑over‑year to $53.1 million, and adjusted EBITDA turned positive at $1.1 million. However, gross margins contracted from 47.7% to 43.5% year‑over‑year, reflecting higher input costs and a shift in product mix toward lower‑margin items. The company’s focus on an All‑Inclusive Click recurring‑revenue model is driving growth, but margin compression highlights the need for disciplined cost management.
The CFO transition and share‑repurchase authorization signal management’s confidence in Kornit’s financial position and strategic direction. With a new CFO experienced in technology finance, the company aims to strengthen capital allocation and support its shift to recurring revenue. The repurchase program demonstrates a commitment to returning capital to shareholders while maintaining liquidity, even as the company navigates margin pressures and continues to invest in product innovation.
The combined actions underscore Kornit’s intent to balance growth initiatives with shareholder returns, positioning the company to capitalize on emerging opportunities in digital textile printing while managing the financial risks associated with a rapidly evolving market.
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