Kornit Digital Ltd. reported strong results for the fourth quarter and full year ended December 31, 2024. The company achieved revenues of $60.7 million in Q4 2024, with a gross margin of 55.1% and adjusted EBITDA of $8.4 million, marking new recovery highs.
For the full year 2024, Kornit achieved positive adjusted EBITDA of $0.3 million, a significant improvement from negative $30.9 million in 2023. The company also generated robust operating cash flow of $48.7 million in 2024, compared to negative $34.7 million in the prior year.
The Apollo platform's performance was a highlight, with 15 systems delivered throughout 2024, most becoming fully operational during Q4 and receiving excellent customer feedback. Kornit also initiated a $75 million accelerated share repurchase program, which is expected to be completed in June, demonstrating a commitment to shareholder value. For the first quarter of 2025, the company expects revenues between $45.5 million and $49.5 million, with an adjusted EBITDA margin between -9% and -4% of revenue.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.