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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 qualitative narrative and quantitative table data to undermine management's growth narrative.",
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      "kind": "callout",
      "text": "Kornit Lacking The Support Services For Amazon To Expand in Asia?",
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      "kind": "callout",
      "text": "Kornit Has The Least Amount of Human Resources In Asia Pacific",
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      "kind": "callout",
      "text": "Asia Pacific revenues declined in 2018 and at 10.9% represented the lowest % of total company revenues in its history since coming public",
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      "text": "Asia Pacific revenue percentage: 10.9%",
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      "text": "We do not believe that Kornit has the same business strength or resources to adequately expand globally to Asia and Japan with its material client Amazon. Its Asia/Pacific President recently departed, and the CEO is touting Asia growth where his predecessors have failed.",
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      "text": "As of December 31, 2018, we had 444 employees and subcontractors, with 277 located in Israel, 77 in the United States, 53 in Europe and 37 in Asia Pacific.",
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      "text": "In the United States, we provide maintenance and support directly to our customers. In the EMEA region, we provide maintenance and support to approximately half of our customers, depending on their location. In the Asia Pacific region, our independent distributors provide initial maintenance and support, and we provide second-line support when needed.",
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      "text": "In the United States, we provide maintenance and support directly to our customers. In the EMEA region, we provide maintenance and support to approximately half of our customers, depending on their location. In the Asia Pacific region, our independent distributors provide initial maintenance and support, and we provide second-line support when needed. — Kornit 2018 20-F",
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      "text": "Source: Kornit 2018 20-F",
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      "text": "Kornit Has A Weak Presence In Asia/Japan",
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