Industry News
Continued Apollo and Atlas MAX adoptions help Kornit in Q3
K
ornit Digital has achieved third quarter revenues of $50.7m in part thanks to continued uptake of the Apollo and Atlas MAX platforms by screen-replacement customers. Ronen Samuel, Kornit’s CEO, said: “I am very pleased with the operational progress we achieved this quarter. We delivered gross margin expansion, returned to adjusted EBITDA profitability, and maintained positive cash generation as planned. “Our unsurpassed Apollo and MAX-powered products combined with our revamped go-to-market and our All-Inclusive-Click model are already expanding our serviceable
are simultaneously seeing signs of a return to a growth-focused mindset from our core market with customers such as Monster Digital, Mad Engine Global and DO Apparel, all of whom have announced expansion of their on-demand digital production fleets with Kornit.”
Mr Samuel confirmed that Kornit was entering 2025 with the right products and the right model.
The Atlas MAX
market. This quarter we announced new customers such as Print Palace and Custom Ink that have chosen Kornit to shift their production from screen to digital direct to garment. We
David Geiger named president of Geiger G
eiger has announced the appointment of David Geiger as the company’s sixth president and the fifth from the Geiger family to lead the organisation.
Mr Geiger said: “Geiger’s foundation is built on a legacy of family values and a commitment to our associates, independent sales representatives, clients, and the communities we serve. “I’m honoured to continue working alongside Jo-an Lantz, whose leadership has guided us into exciting new markets and record sales. I look forward to building on our vision as a family-owned, global brand.”
Mr Geiger currently serves as vice president and general counsel where he is responsible for overseeing all legal matters for the global organisation, including mergers and acquisitions, contract negotiations, regulatory compliance, licensing, and risk management. In addition, he oversees all of Geiger’s efforts on sustainability and social responsibility.
Ms Lantz will continue with Geiger as CEO. A renowned industry figure, she has heavily expanded Geiger’s global footprint and propelled the company to historic sales figures.
| 6 | December 2024
Fourth generation family member, Gene Geiger, added: “What a remarkable milestone this is for our family business. “Working with Jo-an and a superb management team, David is prepared to lead the company through its next era. I could not be more proud of David or more optimistic about our future.” David Geiger will assume his new role on January 1, 2025.
David Geiger is the fifth generation family member to lead Geiger
Total revenue for Q3 2024 was lower compared to the same period in 2024 (Q3 2024: $50.7m vs. Q3 2023: $59.2m), which Kornit attributes primarily to lower systems revenues. Kornit expects revenues in Q4 to be in the range of $58m to $63m.
Ricoh establishes Ricoh Printing Solutions Europe
R
icoh Company has established Ricoh Printing Solutions Europe (RPSE).
The new company, headquartered in Telford, will oversee Ricoh’s industrial printing business in Europe. RPSE will consolidate key functions related to industrial printing and begin business operations in April 2025. RPSE will report directly to the Ricoh Graphic Communications (RGC) Business Unit of Ricoh Company, and consolidate functions such as sales, engineering support, and evaluation of industrial inkjet printing business in Europe, including industrial inkjet heads and textile printers, to provide consistent and specialised support to customers.
RPSE will also leverage its collaboration with Ricoh’s
headquarters R&D and other regional locations to enhance its expertise and develop next-generation inkjet technology, thereby providing new value to customers.
www.printwearandpromotion.co.uk
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