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  "documentTitle": "Kornit Digital Ltd. (KRNT)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2019-05-07 00:00:00",
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  "notes": "Uses a combination of SEC filing data, executive quotes, and stock charts to build a bearish case.",
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      "text": "Kornit conceals the identity of its 2nd biggest customer in its SEC filings, but we have determined it's Cimpress N.V (Nasdaq: CMPR).",
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      "text": "customer revenue concentration: 17%",
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      "text": "Kornit conceals the identity of its 2nd biggest customer in its SEC filings, but we have determined it's Cimpress N.V (Nasdaq: CMPR). Cimpress just reported its worst quarter in a long time, with weakness centered at Vistaprint, which saw a decrease in new customer bookings. Cimpress is restructuring management, bound to effect Kornit.",
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      "text": "Our customer experience is not good enough: it suffers from bugs...lacks personalization..and our mobile experience is poor",
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      "text": "Some of Vistaprint's key foundational basics either have not progressed rapidly enough or have deteriorated while Visatprint focused on evolving it customer value proposition",
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      "text": "\"Some of Vistaprint's key foundational basics either have not progressed rapidly enough or have deteriorated while Visatprint focused on evolving it customer value proposition\" — Cimpress 8-K. \"Our customer experience is not good enough: it suffers from bugs...lacks personalization..and our mobile experience is poor\" — Cimpress 8-K. \"Even the customers that I was serving and I give two example that you know about Kornit's biggest customer, which is Cimpress and Amazon actually were – they are big customers of HP Indigo\" — Ronen Samuel Intro Call June 4, 2018.",
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      "text": "Source: Kornit and Cimpress expand collaboration, April 2017; Cimpress offers Direct to Garment Inkjet shirts",
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      "text": "Customer A 21% 18% 15% Customer B 16% 13% 17%",
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      "text": "Challenges At Kornit's Other Largest Customer: Cimpress",
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