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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": "Includes a specific callout regarding the closure of the Latin American office with address and non-working phone number.",
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      "kind": "callout",
      "text": "It looks like Kornit has abandoned its Latin America ambitions, having subsequently closed its Latin American office and the phone # not working! 1379 SW 12th Avenue, Pompano Beach, Florida 33069 ph: 954-388-2266",
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      "kind": "callout",
      "text": "It looks like Kornit has abandoned its Latin America ambitions, having subsequently closed its Latin American office and the phone # not working!",
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      "text": "Kornit Digital Latin America office photo",
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      "kind": "paragraph",
      "text": "Kornit has clearly been talking up Asia and Japan for a while, promising that growth would accelerate in the middle of 2017, according to equity research. Yet, clearly by 2018 results, it showed a decline of Asia revenues, leading us to believe that management has been playing lip service to Asia growth, without making the necessary commitment.",
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      "text": "Geographic Results: EMEA and APAC grew substantially from last year, up 36.2% and 75.4% y/y respectively. Growth in China was noted to have benefited from increasing infrastructure investments, while management is taking initiatives to accelerate growth in underserved areas such as Japan and Korea. Revenue from the Americas was $18.3 million, representing 61% of sales compared to 55% in 1Q17. EMEA revenue was approximately $7.5 million, representing 25% of sales compared to 29% in 1Q17. APAC revenue was $4.2 million, representing 14% of sales relative to 16% in 1Q17.",
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      "kind": "paragraph",
      "text": "than the consumption of the rest of Kornit's product portfolio. Management previously noted receiving initial orders for the Allegro from Asia and Latin America, and continues to believe Asia represents a particularly intriguing opportunity, adding to demand from North America and Europe that existed exiting 2015.",
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      "kind": "quote",
      "text": "Management previously noted receiving initial orders for the Allegro from Asia and Latin America, and continues to believe Asia represents a particularly intriguing opportunity, adding to demand from North America and Europe that existed exiting 2015. — Stifel Research: Aug 3, 2016",
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      "kind": "source-note",
      "text": "Stifel Research: Aug 7, 2017; Stifel Research: Aug 3, 2016; Source: Google Images, Aug 2016",
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      "kind": "title",
      "text": "Kornit Has Failed In Promising Asia Growth To The Market",
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