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ROSH-HA’AYIN, Israel - Kornit Digital Ltd. (NASDAQ:KRNT), a digital printing technology company with annual revenues of $208 million, announced Monday that Printeez, Inc. has expanded its adoption of Kornit Atlas MAX POLY systems, doubling its initial investment to four systems as the Quebec-based custom apparel company transitions away from traditional screen printing methods. According to InvestingPro analysis, Kornit maintains a strong balance sheet with more cash than debt, though its shares currently trade near their 52-week low of $12.78.
Printeez, which specializes in polyester and blended apparel for sports teams, nonprofits, and eCommerce platforms, initially invested in two Atlas MAX POLY systems earlier this year. According to the company’s statement, the expanded implementation has nearly eliminated its reliance on screen printing while reducing labor costs and accelerating customer turnaround times. InvestingPro data suggests Kornit Digital appears undervalued, with analysts setting price targets ranging from $20 to $28.50 per share.
"Printeez was born out of a passion to disrupt and transform the future of the apparel industry," said Shawn Sckoropad, Founder and Chief Executive Officer at Printeez. "Our mission is to build a true retail-grade print-on-demand solution for individuals and major brands alike."
The Quebec-based company serves brands, creators, franchises, and sports teams across North America, offering on-demand production without minimum order requirements.
Ilan Elad, President of the Americas at Kornit Digital, noted that the sports and apparel industry faces pressure to deliver rapid turnaround with retail-quality results, particularly in the polyester-dominated sportswear segment.
Kornit Digital, headquartered in Israel with a global presence, develops sustainable, on-demand digital fashion and textile production technologies. The company offers digital printing systems, inks, consumables, and software solutions.
This information is based on a press release issued by Kornit Digital.
In other recent news, Kornit Digital reported its second-quarter earnings for 2025, showing mixed results. The company achieved an earnings per share of $0.03, which exceeded the analysts’ forecast of $0.01. However, their revenue did not meet expectations, coming in at $49.8 million compared to the anticipated $52.92 million. This revenue shortfall represents a 5.9% miss. In addition to the earnings report, Promos Ink, a Dallas-based screen printing and embroidery decorator, has expanded its digital production capabilities by incorporating Kornit Apollo into its existing systems. This transition is part of Promos Ink’s strategy to meet customer demands for faster turnaround times and varied order quantities while maintaining quality standards. These developments highlight Kornit Digital’s ongoing efforts to innovate and expand its market presence.
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