“Customer demand for graphic t-shirts offered through Merch by Amazon continues to grow rapidly, and more developers and content creators join the service every day,” said Miguel Roque, Director, Merch by Amazon.

Following publication of any presentation, report or letter, we intend to continue transacting in the securities covered therein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation. This research note and our presentation expresses our research opinions. Warrants, Rebates, And Price Discounts Raise Earnings, Cash Flow And Accounting Concerns: In order to win the highly-coveted Merch by Amazon business, Kornit provided Amazon with rebates, warrants, and, by our estimates, price discounts up to 50%.

Kornit’s current valuation, already at the sell side’s lofty price average target of $28/sh, is at an all-time high and significantly above its long-term average multiples. Furthermore, Kornit onscures in its SEC filings that Cimpress (Nasdaq: CMPR), owner of Vistaprint, is its second largest customer.

Want to Trade Like The Experts? Specifically, the permit would allow Amazon to place a total of 72 textile printers in the facility, up from the limit of 48 associated with the original permit, PDEP expects to issue the expansion permit by February 15, 2019. Intraday data delayed at least 15 minutes or per exchange requirements. has gained 6.2%. We believe that a potential loss in Japan for Kornit poses a material an underappreciated risk to future growth.

Spruce Point is pleased to issue a unique investment research report on Kornit Digital Ltd. ("Kornit," "KRNT," or "the Company"), an Israeli manufacturer of digital printing solutions for the textile and garment industry. +2.49% You will also take part in an annual career week, join Kornit Academy - an extensive learning program. Another indication would be that Amazon is its largest customer.

© Copyright 2001-2020. Each such address or hyperlink is provided solely for the convenience and information of this website’s users, and the content of linked third-party websites is not in any way incorporated into this website. Despite a strong start to the Merch initiative – which, analysts believe, gives Kornit a long growth runway – we believe US growth for the platform is now slowing as disgruntled merchants push back against repeated royalty cuts, alternative print-on-demand options proliferate, and as Amazon itself hedges its discussion of its fashion-related initiatives in its 10-K. Our market research indicates that Amazon – which, per industry participants, has had a mixed experience with Kornit to date, largely due to a long-standing ink odor problem – would likely be interested in switching printing partners if a comparable replacement could be sourced.

“Kornit’s ability to deliver solutions and support that meet our high quality and high volume manufacturing requirements will help us to continue expanding program capacity to meet customer requests.”.

The Middle East landscape is changing rapidly. KRNT faces 75-85% downside risk to approximately $4.50 to $9.30 per share due to underappreciated risks associated with its Merch By Amazon (AMZN) relationship, highly questionable earnings quality highlighted by myriad accounting irregularities, and a valuation out of line with industry norms and the Company’s own true growth prospects.

You need look no further than “Merch” and how Amazon is using Kornit‘s digital printers. For the garment, apparel, and home textile industries, Kornit’s digital printers are likely the biggest game changer in a century. AMZN,

For more information, visit Kornit Digital at www.kornit.com. However, Penny Stock Experts and its Author(s) do not represent that any such information, opinion or statistical data is accurate or complete and should not be relied upon as such.

Kornit Digital Europe GmbH Wahlerstr. KRNT, Kornit is offering 2,388,268 ordinary shares and an affiliate of Amazon.com, Inc. (“Amazon”) is offering 1,689,942 ordinary shares.

Kornit’s digital printing solution for textile and fashion enables mass customization of printed textile products in on-demand short and micro runs to shorten the supply chain to days instead of months and does so within the target markets to reduce negative environmental impacts.

“Customer demand for graphic t-shirts offered through Merch by Amazon continues to grow rapidly, and more developers and content creators join the service every day,” said Miguel Roque, Director, Merch by Amazon.

According to the company, the online digital fashion and textile printing market will grow to $25 billion by 2023, up from $18 billion in 2018. Kornit has about 31 million shares outstanding, according to FactSet. Kornit Digital grants Amazon warrants to buy stock Jan. 11, 2017 at 7:58 a.m. Then there’s “reverse logistics” – people are buying online and if they don’t like the product they return it.

All quotes are in local exchange time.

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