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Kornit Digital Ltd   (KRNT)
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Price: $18.1200 $0.92 5.349%
Day's High: $18.14 Week Perf: -1.52 %
Day's Low: $ 17.45 30 Day Perf: -0.71 %
Volume (M): 778 52 Wk High: $ 31.94
Volume (M$): $ 14,090 52 Wk Avg: $20.54
Open: $17.47 52 Wk Low: $13.29



 Market Capitalization (Millions $) 890
 Shares Outstanding (Millions) 49
 Employees 1
 Revenues (TTM) (Millions $) 220
 Net Income (TTM) (Millions $) -64
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Kornit Digital Ltd

Food waste is a large component of our solid waste problem. And the question of what to do with it is a challenge for communities worldwide. The U.S. alone generates more than 34 million tons of food waste each year. The Russian Statistical Office Gosstat recently submitted its first official figures on food waste in Russia. According to Gosstat, 56 kg of food is thrown away per person per year in the Russian Federation. Much of it ends up in landfills. Food scraps are big part of household waste, and are a problematic component of municipal waste, creating public health, sanitation and environmental problems at each step, beginning with internal storage and followed by truck-based collection. Burned in waste-to-energy facilities, the high water-content of food scraps means that their heating and burning consumes more energy than it generates; buried in landfills, food scraps decompose and generate methane gas, which is a greenhouse gas. With waste produced across all sectors of the economy, and throughout supply chains, it is important to look for opportunities to prevent waste from arising in the first place and to manage the waste that does arise more effectively.

The premise behind the use of a Food Waste Disposal Unit is to effectively regard food scraps as liquid (averaging 70% water, like human waste), and use existing infrastructure (underground sewers and wastewater treatment plants) for its management.

For a long time, landfill has been the main disposal method for municipal wastes in Russia. However, there is strong pressure to reduce the use of land filling as demonstrated by the increasingly stringent regulations which limit untreated waste going to landfill. It is being agreed that the use of FWD (Food Waste Disposal units) is beneficial in reducing the quantity of biodegradable wastes going to landfill. Previous studies in Japan found that FWDs could reduce current waste production by 40%.

In Russian Federation such reduction is unlikely but it would translate into significant reduction in the costs of curbside waste collection, transportation, treatment and disposal, generating substantial savings for local authorities. Previous studies have reported that addition of food waste in the sewer could cause considerable modifications of the resulting wastewater. Such modifications can substantially improve biological removal of phosphorus and nitrogen during wastewater treatment and reduce costs for purchase of chemicals and/or additional carbon for phosphorus removal (Battistoni etal. 2007). In addition increased organic loads in wastewater can generate biogas during anaerobicwastewater treatment.

Our food waste disposers provide a convenient and environmentally friendly alternative to transporting leftovers to landfills. Plus, capable wastewater treatment plants can even recycle food scraps into energy and fertilizer.

Durable. Practical. And environmentally responsible. A recent Life Cycle Assessment (LCA) of common ways to dispose of food scraps reported that disposers can help reduce global warming potential vs. landfills and in some cases, can even aid in energy production at the wastewater treatment plant.



   Company Address: 12 Ha?Amal St. Rosh-Ha?Ayin 4809246
   Company Phone Number: 3 908-5800   Stock Exchange / Ticker: NASDAQ KRNT
   


   

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Kornit Digital Ltd

Breaking down fourth quarter of 2023 effort, KRNTs' made sudden demise in revenue

Kornit Digital Ltd, a global leader in sustainable, on-demand digital fashion and textile production technologies, has recently faced some financial challenges. For the financial period ending December 31, 2023, the company reported a loss of $-1.31 per share, compared to $-1.59 per share the previous year. Additionally, the revenue receded by -19.053% to $219.79 million from $271.52 million in the same quarter a year prior.
Despite these challenges, Kornit Digital Ltd has made efforts to mitigate losses and improve their financial performance. One positive aspect is that the company has reduced its shortfall per share from $-1.59 to $-1.31 in the previous fiscal year. This shows progress in managing their financials more effectively. However, revenue fell by -19.05% from $271.52 million a year prior, indicating a decline in sales.

Product Service News

Kornit Digital Transforms Fashion Industry with Cutting-Edge On-Demand Production Technology

Published Mon, Jan 29 2024 9:01 PM UTC

Kornit Digital LTD. (NASDAQ: KRNT), a global leader in sustainable, on-demand digital fashion and textile production technologies, has recently announced the general availability of its highly anticipated Kornit Apollo direct-to-garment platform. This groundbreaking innovation marks a significant step forward for brands, retailers, and screen printers, enabling them to harne...






 

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