Kornit Digital reports steady growth in second quarter 2023 results

Kornit Digital, a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies, has announced the report of its results for the second quarter ended June 30, 2023. During the quarter, impressions grew at a double-digit pace year-over-year for the second consecutive quarter, driving a steady improvement in capacity utilization and strong double-digit consumables revenue growth across our customer segments and throughout all the company’s operating regions, said a reliable source from the company.

It added that Kornit Digital’s services revenues again demonstrated exceptional growth, as it has during the past year, with customers upgrading to our new MAX technology. While system sales volumes are expected to remain modest in the near-term due to continued softness in capital equipment spending and lengthening sales cycles, we have taken actions through various initiatives to diversify our customer base, increase operating efficiencies, and build a healthy pipeline for 2024 and beyond.