0001213900-24-027207 | 20-F | XBRL Viewer

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Balances and Transactions with Related Parties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accord Insurance Agency Ltd. [Member]
Balances and Transactions with Related Parties [Line Items]
Total premium	$ 435	$ 520	$ 423
Priority Software Ltd.[Member]
Balances and Transactions with Related Parties [Line Items]
Maintenances fees and additional licenses acquired amount	0	34	$ 221
Trade payables balances due to related party	$ 0	0
Tritone Technologies Ltd. [Member]
Balances and Transactions with Related Parties [Line Items]
Sublease, description	the Company entered into a sublease agreement with Tritone Technologies Ltd., whose CEO is Mr. Ofer Ben Zur, a director of the Company, and one of whose shareholders is an equity fund controlled by the Chairman of the Board, for the sublease of 192 square meters in Rosh Ha’Ayin. The term of the related lease was extended until January 30, 2023. The rent under the sublease is $2 per month, in addition to the rent for the related lease that is covered by the sublessee. The sublease agreement is carried out on a “back-to-back” basis, as the Company pays over the rent that it receives directly to its landlord.
Accounts receivable from related parties	$ 0	$ 9

Commitments and Contingent Liabilities

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENT LIABILITIES

NOTE 10:-

COMMITMENTS AND CONTINGENT LIABILITIES

Purchase commitments:

As of December 31, 2023, the Company had $47,229 of purchase commitments for goods and services from vendors. These commitments are due primarily within one year.

Litigation:

During February 2023, two securities class action complaints were filed by certain shareholders of the Company in U.S. federal court in New Jersey against the Company, certain of the Company’s current and former officers and directors, the underwriters of the November 19, 2021 follow-on public offering and Amazon (which sold shares in that public offering), as defendants. The complaints assert claims under certain sections of the Exchange Act and seeks unspecified damages.

On August 30, 2023, the U.S. federal court in New Jersey granted an unopposed motion to consolidate the two actions, to appoint certain plaintiffs as lead plaintiffs, and to appoint a lead counsel.

On October 27, 2023, the lead plaintiffs filed a consolidated complaint, alleging that, between February 2021 and July 2022, the Company made misrepresentations and omissions in its public statements and disclosures in violation of the Exchange Act and Rule 10b-5 promulgated thereunder.

On December 21, 2023, the defendants moved to dismiss the consolidated complaint. The lead plaintiffs filed an opposition to Defendants’ motion to dismiss on February 16, 2024. Pursuant to a schedule stipulated between the parties and ordered by the Court, Defendants will file their reply in further support of their motion to dismiss no later than April 1, 2024.

The Company believes these lawsuits are without merit and has been defending against these cases vigorously. As of the date hereof, the Company is unable to estimate a range of loss, if any, that could result were there to be adverse final decisions in these cases, and estimated liabilities have not been recorded in the consolidated financial statements.

From time to time, the Company is party to various legal proceedings, claims and litigation that arise in the normal course of business. It is the opinion of management that the ultimate outcome of these matters will not have a material adverse effect on the Company’s financial position, results of operations or cash flows.

Guarantees:

As of December 31, 2023, the Company provided eight bank guarantees in a total amount of $848 primarily for its rented facilities.

Shareholders' Equity (Details) - Schedule of RSU’s Activity - RSUs [Member]	12 Months Ended
	Dec. 31, 2023 shares
Shareholders' Equity (Details) - Schedule of RSU’s Activity [Line Items]
Unvested at beginning of year	1,050,339
Granted	1,273,229
Vested	(388,961)
Forfeited	(259,705)
Unvested at the end of the year	1,674,902

Inventories, Net (Tables)

12 Months Ended

Dec. 31, 2023

Inventories, Net [Abstract]

Schedule of Inventories

	December 31,
	2023		2022

Raw materials and components	$	28,331	$	47,737
Finished goods (*)		39,381		41,678

	$	67,712	$	89,415

(*)	Includes amounts of $367 and $405 as of December 31, 2023 and 2022, respectively, with respect to inventory delivered to customers for which revenue was not yet recognized.

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 39,605	$ 104,597
Short-term bank deposits	235,600	275,033
Marketable securities	57,292	20,380
Trade receivables, net of allowances of $5,227 and $738, respectively	93,632	67,360
Inventories, net	67,712	89,415
Prepaid expenses and other current assets	28,546	22,054
Total current Assets	522,387	578,839
Non-current Assets
Marketable securities	223,203	245,970
Property, plant and equipment, net	50,905	60,463
Operating lease right-of-use assets	23,782	27,139
Intangible assets, net	7,647	9,890
Goodwill	29,164	29,164
Deposits and other long-term assets	8,209	5,927
Severance pay fund	283	274
Total non-current Assets	343,193	378,827
Total Assets	865,580	957,666
Current Liabilities
Trade payables	6,936	14,833
Employee and payroll accruals	12,121	14,255
Deferred revenues and customers’ advances	2,158	5,701
Operating lease liabilities	5,073	4,989
Accrued expenses and other current liabilities	23,814	25,592
Total current Liabilities	50,102	65,370
Non-current liabilities
Accrued severance pay	1,080	1,223
Operating lease liabilities	18,533	21,035
Other non-current liabilities	198	1,216
Total non-current Liabilities	19,811	23,474
Total Liabilities	69,913	88,844
SHAREHOLDERS’ EQUITY
Ordinary shares of NIS 0.01 par value - Authorized: 200,000,000 shares at December 31, 2023 and 2022; Issued: 50,371,684 and 49,953,615 shares at December 31, 2023 and 2022, respectively; Outstanding: 47,719,633 and 49,953,615 shares at December 31, 2023 and 2022, respectively.	134	134
Additional paid-in capital	958,447	921,695
Treasury shares at cost, 2,652,051 ordinary shares at December 31, 2023	(55,770)
Accumulated other comprehensive income (loss)	(7,210)	(17,424)
Retained earnings (accumulated deficit)	(99,934)	(35,583)
Total Shareholders’ Equity	795,667	868,822
Total Liabilities and Shareholders’ Equity	$ 865,580	$ 957,666

Statements of Shareholders' Equity - USD ($) $ in Thousands	Ordinary shares	Treasury shares at cost	Additional paid in capital	Accumulated other comprehensive income (loss)	Retained earnings (accumulated deficit)	Total
Balance at Dec. 31, 2020	$ 121		$ 488,208	$ 2,733	$ 27,955	$ 519,017
Balance (in Shares) at Dec. 31, 2020	45,988,613
Issuance of ordinary shares in a secondary offering, net of issuance costs in an amount of $739	$ 10		341,755			341,765
Issuance of ordinary shares in a secondary offering, net of issuance costs in an amount of $739 (in Shares)	3,042,845
Exercise of options and vesting of restricted stock units	$ 2		4,848			4,850
Exercise of options and vesting of restricted stock units (in Shares)	588,324
Share-based compensation			15,133			15,133
Warrants to customers			25,423			25,423
Other comprehensive income (loss)				(2,162)		(2,162)
Net income (loss)					15,527	15,527
Balance at Dec. 31, 2021	$ 133		875,367	571	43,482	919,553
Balance (in Shares) at Dec. 31, 2021	49,619,782
Exercise of options and vesting of restricted stock units	$ 1		829			830
Exercise of options and vesting of restricted stock units (in Shares)	333,833
Share-based compensation			22,999			22,999
Warrants to customers			22,500			22,500
Other comprehensive income (loss)				(17,995)		(17,995)
Net income (loss)					(79,065)	(79,065)
Balance at Dec. 31, 2022	$ 134		921,695	(17,424)	(35,583)	$ 868,822
Balance (in Shares) at Dec. 31, 2022	49,953,615					49,953,615
Exercise of options and vesting of restricted stock units			321			$ 321
Exercise of options and vesting of restricted stock units (in Shares)	418,069
Purchase of treasury shares		(55,770)				(55,770)
Purchase of treasury shares (in Shares)	(2,652,051)
Share-based compensation			22,589			22,589
Warrants to customers			13,842			13,842
Other comprehensive income (loss)				10,214		10,214
Net income (loss)					(64,351)	(64,351)
Balance at Dec. 31, 2023	$ 134	$ (55,770)	$ 958,447	$ (7,210)	$ (99,934)	$ 795,667
Balance (in Shares) at Dec. 31, 2023	47,719,633					47,719,633

Significant Accounting Policies (Details) - Schedule of Changes in Liability for Product Warranty - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of changes in liability for product warranty [Abstract]
Balance at beginning	$ 1,918	$ 4,612
Additions and adjustments to cost of revenues	2,492	2,946
Reduction for payments and costs to satisfy claims	(3,087)	(5,640)
Balance at ending	$ 1,323	$ 1,918

Shareholders' Equity

12 Months Ended

Dec. 31, 2023

Shareholders' Equity [Abstract]

SHAREHOLDERS’ EQUITY

NOTE 11:-

SHAREHOLDERS’ EQUITY

Company’s shares:

Ordinary shares:

Any ordinary share confers equal rights to dividends and bonus shares and to participate in the distribution of surplus assets upon liquidation in proportion to the par value of each share regardless of any premium paid thereon, all subject to the provisions of the Company’s articles of association. Each ordinary share confers its holder the right to participate the general meetings of the shareholders of the Company, with one vote on any matter presented to the shareholders.

Treasury shares:

On August 10, 2022, the Company’s Board of Directors approved a share repurchase program to repurchase up to $75,000 of its ordinary shares, subject to Israeli court approval and in accordance with required regulation (the “Share Repurchase Program”).

During the year ended December 31, 2023, pursuant to the Share Repurchase Program, the Company repurchased, an aggregate of 2,652,051 ordinary shares in open market transactions, at a total cost of $55,770.

Share option and RSU’s plans:

The Company’s Board of Directors has approved equity incentive plans pursuant to which the Company is authorized to issue to employees, directors and officers of the Company and its subsidiaries (the “optionees”) options to purchase ordinary shares of the Company, at an exercise price equal to at least the fair market value of the ordinary shares at the date of grant. The terms of option grants generally provide that 25% of total options are exercisable one year after the grant or vesting start date determined for each optionee and a further 6.25% is exercisable at the end of each subsequent three-month period over the following 3 years. Options are exercisable for up to 10 years from the grant date. Options that are cancelled or forfeited before expiration become available for future grants.

Under the Company equity incentive plans, beginning in 2017, the Company grants RSUs, including PSUs. The RSUs generally vest over a period of four years of employment and PSUs vest also based on the Company’s share performance. RSUs that are cancelled or forfeited become available for future grants.

During December 2022, the Company’s board of directors approved a decrease of 1,065,982 as to the number of ordinary shares reserved for issuance under the Company’s equity incentive plans. As of December 31, 2023, an aggregate of 2,561,000 ordinary shares were available for future grants under those plans.

A summary of the Company’s share option activity and related information is as follows:

	Number of shares upon exercise			Weighted average exercise price		Weighted- average remaining contractual term (in years)		Aggregate intrinsic value

Outstanding at beginning of year		668,322		$	52.66		6.68	$	2,310
Granted		48,525			23.00		-		-
Exercised		(29,108	)		15.07		-		163
Forfeited		(56,064	)		83.77		-		-

Outstanding at end of year		631,675		$	49.32		5.83	$	1,039

Exercisable at end of year		432,794		$	38.99		4.57	$	1,039

As of December 31, 2023, the Company had $6,616 of unrecognized compensation expense related to non-vested share options expected to be recognized over a weighted average period of 2.25 years.

The weighted average fair value of options granted during the years ended December 31, 2023, 2022 and 2021 was $12.88, $47.06 and $64.93 per share, respectively. The total intrinsic value of options exercised during the years ended December 31, 2023, 2022 and 2021 was $163, $1,086 and $27,181, respectively.

A summary of the Company’s RSU activity is as follows:

	Number of RSUs

Unvested at beginning of year		1,050,339
Granted		1,273,229
Vested		(388,961	)
Forfeited		(259,705	)
Unvested at the end of the year		1,674,902

The weighted average fair value at grant date of RSU’s granted for the years ended December 31, 2023, 2022 and 2021 was $20.11, $43.65 and $115.65, respectively. The total fair value of RSUs vested during the year ended December 31, 2023, was $8,260.

The weighted average fair value of RSUs vested during the years ended December 31, 2023, 2022 and 2021 was $52.27, $57.98 and $31.63, respectively.

The weighted average fair value of RSUs forfeited during the years ended December 31, 2023, 2022 and 2021 was $33.19, $68.19 and $43.84, respectively.

As of December 31, 2023, the Company had $40,513 of unrecognized compensation expenses related to RSUs, expected to be recognized over a weighted average period of 2.59 years.

As of December 31, 2023, an aggregate of 201,472 PSUs were included in the Unvested RSUs amount.

The following table sets forth the total share-based compensation expense included in the consolidated statements of operations for the years ended December 31, 2023, 2022 and 2021:

	Year Ended December 31,
	2023		2022		2021

Cost of products	$	2,356	$	2,185	$	1,355
Cost of services		1,758		1,676		1,105
Research and development, net		5,759		5,312		2,685
Sales and marketing		6,689		7,361		5,004
General and administrative		6,027		6,115		4,984

Total share-based compensation expenses	$	22,589	$	22,649	$	15,133

On January 10, 2017, the Company signed a master purchase agreement with Amazon Inc. (the “Agreement”) under which warrants to purchase ordinary shares of the Company were issued to Amazon as a customer incentive, subject to vesting as a function of payments for purchased products and services. As of December 31, 2023, all of the warrants under that original Agreement had been exercised.

On September 14, 2020, the Company signed an amendment to the master purchase agreement (the “Amended Agreement”) with Amazon Inc. under which an additional 3,401,028 warrants to purchase ordinary shares of the Company at an exercise price of $59.26 were issued to Amazon. The warrants are subject to vesting as a function of payments for purchased products and services of up to $400 million over a five-year period beginning in January 2021, with the shares vesting incrementally each time Amazon makes a payment totaling $5 million to the Company. As of December 31, 2023, 1,787,953 warrants were exercisable under the Amended Agreement.

The fair value of the warrants was measured on the grant date using the Monte Carlo simulation with assumptions of a risk-free rate of 0.4%, volatility rate of 52%, dividend yield of 0% and an expected term of 5.32 years.

The Company recognized a reduction to revenues of $13,842, $22,500 and $25,423 during the years ended December 31, 2023, 2022 and 2021, respectively, in respect of the warrants granted to Amazon.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (i)
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Geographic Information (Details) - Schedule of Long-Lived Assets by Geographic Region - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule of Long-Lived Assets by Geographic Region [Line Items]
Long-lived assets	$ 74,687	$ 87,602
U.S [Member]
Schedule of Long-Lived Assets by Geographic Region [Line Items]
Long-lived assets	2,560	6,202
Israel [Member]
Schedule of Long-Lived Assets by Geographic Region [Line Items]
Long-lived assets	58,488	70,722
EMEA [Member]
Schedule of Long-Lived Assets by Geographic Region [Line Items]
Long-lived assets	9,449	9,720
Asia Pacific [Member]
Schedule of Long-Lived Assets by Geographic Region [Line Items]
Long-lived assets	$ 359	$ 958

Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	12 Months Ended
	Sep. 14, 2020	Jan. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Aug. 10, 2022
Shareholders' Equity [Line Items]
Voting rights			one
Repurchase ordinary shares amount			$ 55,770
Repurchased aggregate ordinary shares			2,652,051
Unrecognized compensation expense			$ 6,616
Weighted average non vesting period			2 years 3 months
Weighted average fair value of options granted			$ 12.88	$ 47.06	$ 64.93
Total intrinsic value of options exercised			$ 163	$ 1,086	$ 27,181
Risk-free rate			0.40%
Volatility rate			52.00%
Dividend yield			0.00%	0.00%	0.00%
Expected term			5 years 3 months 25 days
Recognized reduction revenues			$ 13,842	$ 22,500	$ 25,423
Board of Directors [Member]
Shareholders' Equity [Line Items]
Repurchase ordinary shares amount						$ 75,000
Increase in the ordinary shares reserved for issuance				1,065,982
Ordinary shares available for future grant			2,561,000
Master Purchase Agreement [Member]
Shareholders' Equity [Line Items]
Warrants to purchase ordinary shares	3,401,028
Exercise price	$ 59.26
Payments for purchased products and services	$ 400,000	$ 5,000
Warrants exercisable			1,787,953
Restricted Stock Units (RSUs) [Member]
Shareholders' Equity [Line Items]
Options exercisable, description			The terms of option grants generally provide that 25% of total options are exercisable one year after the grant or vesting start date determined for each optionee and a further 6.25% is exercisable at the end of each subsequent three-month period over the following 3 years. Options are exercisable for up to 10 years from the grant date. Options that are cancelled or forfeited before expiration become available for future grants.
Weighted average fair value of options granted			$ 20.11	$ 43.65	$ 115.65
Weighted average fair value of shares vested			52.27	57.98	31.63
Weighted average fair value of forfeited			$ 33.19	$ 68.19	$ 43.84
Unrecognized compensation expenses			$ 40,513
Weighted average vesting period			2 years 7 months 2 days
Aggregate performance-based RSUs			201,472
Phantom Share Units (PSUs) [Member]
Shareholders' Equity [Line Items]
Fair value of options vested			$ 8,260

Intangible Assets, Net (Details) - Schedule of Future Amortization Expenses $ in Thousands	Dec. 31, 2023 USD ($)
Schedule of Future Amortization Expenses [Abstract]
2024	$ 1,923
2025	1,539
2026	1,538
2027	1,537
2028	1,110
Total	$ 7,647

General

12 Months Ended

Dec. 31, 2023

General [Abstract]

GENERAL

NOTE 1:-

GENERAL

Kornit Digital Ltd. (the “Company”) was incorporated in 2002 under the laws of the State of Israel. The Company and its subsidiaries develop, design and market digital printing solutions for the global printed textile industry. The Company’s and its subsidiaries’ solutions are based on their proprietary digital textile printing systems, ink and other consumables, associated software and value-added services.

The Company established wholly owned subsidiaries in Israel, the United States, Germany, Hong Kong, the United Kingdom and Japan. The Company’s subsidiaries are engaged primarily in services, sales, and marketing, except for the Israeli subsidiary which is engaged primarily in research and development.

The Company depends on five major suppliers to supply certain components for the production of its products. If one of these suppliers fails to deliver or delays the delivery of the necessary components, the Company will be required to seek alternative sources of supply. A change in these suppliers could result in manufacturing delays, which could cause a possible loss of sales and, consequently, could adversely affect the Company’s results of operations and financial position.

Significant Accounting Policies (Details) - Schedule of Expense (Income) from Derivatives Instruments - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cost of revenues [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Expense (income) from derivatives instruments	$ 814	$ 674	$ (33)
Research and development [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Expense (income) from derivatives instruments	1,144	1,029	(48)
Sales and marketing [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Expense (income) from derivatives instruments	368	365	(21)
General and administrative [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Expense (income) from derivatives instruments	$ 548	$ 481	$ (31)

- Definition

The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.

+ References + Details

Marketable Securities (Details) - Schedule of Marketable Securities - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Matures within one year:
Amortized cost	$ 289,194	$ 283,774
Gross unrealized gain	183	12
Gross unrealized loss	(8,882)	(17,436)
Fair value	280,495	266,350
Matures within one year: Corporate debentures [Member] \| Corporate Debt Securities [Member]
Matures within one year:
Amortized cost	58,319	13,394
Gross unrealized gain	4
Gross unrealized loss	(1,031)	(176)
Fair value	57,292	13,218
Matures within one year: Government debentures [Member] \| US Government Agencies Debt Securities [Member]
Matures within one year:
Amortized cost		7,356
Gross unrealized gain
Gross unrealized loss		(194)
Fair value		7,162
Matures within one year [Member]
Matures within one year:
Amortized cost	58,319	20,750
Gross unrealized gain	4
Gross unrealized loss	(1,031)	(370)
Fair value	57,292	20,380
Matures after one through four years: Corporate debentures [Member] \| Corporate Debt Securities [Member]
Matures within one year:
Amortized cost	222,766	254,909
Gross unrealized gain	179	12
Gross unrealized loss	(7,565)	(16,573)
Fair value	215,380	238,348
Matures after one through four years: Government debentures [Member] \| US Government Agencies Debt Securities [Member]
Matures within one year:
Amortized cost	8,109	8,115
Gross unrealized gain
Gross unrealized loss	(286)	(493)
Fair value	7,823	7,622
Matures after one through four years [Member]
Matures within one year:
Amortized cost	230,875	263,024
Gross unrealized gain	179	12
Gross unrealized loss	(7,851)	(17,066)
Fair value	$ 223,203	$ 245,970

Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2023

Shareholders' Equity [Abstract]

Schedule of Share Option Activity

c.A summary of the Company’s share option activity and related information is as follows:

	Number of shares upon exercise			Weighted average exercise price		Weighted- average remaining contractual term (in years)		Aggregate intrinsic value

Outstanding at beginning of year		668,322		$	52.66		6.68	$	2,310
Granted		48,525			23.00		-		-
Exercised		(29,108	)		15.07		-		163
Forfeited		(56,064	)		83.77		-		-

Outstanding at end of year		631,675		$	49.32		5.83	$	1,039

Exercisable at end of year		432,794		$	38.99		4.57	$	1,039

Schedule of RSU’s Activity

d.A summary of the Company’s RSU activity is as follows:

	Number of RSUs

Unvested at beginning of year		1,050,339
Granted		1,273,229
Vested		(388,961	)
Forfeited		(259,705	)
Unvested at the end of the year		1,674,902

Schedule of Share Based Compensation Expense

e.The following table sets forth the total share-based compensation expense included in the consolidated statements of operations for the years ended December 31, 2023, 2022 and 2021:

	Year Ended December 31,
	2023		2022		2021

Cost of products	$	2,356	$	2,185	$	1,355
Cost of services		1,758		1,676		1,105
Research and development, net		5,759		5,312		2,685
Sales and marketing		6,689		7,361		5,004
General and administrative		6,027		6,115		4,984

Total share-based compensation expenses	$	22,589	$	22,649	$	15,133

Accounting Policies, by Policy (Policies)

12 Months Ended

Dec. 31, 2023

Significant Accounting Policies [Abstract]

Use of estimates

Use of estimates:

The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. The Company’s management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. Actual results could differ from those estimates.

On an ongoing basis, the Company’s management evaluates estimates, including those related to intangible assets and goodwill, tax assets and liabilities, fair values of stock-based awards, inventory provisions, warranty provision, allowance for credit loss and provision for rebates and returns. Such estimates are based on historical experience and on various other assumptions that are believed to be reasonable. The results of the assessment form the basis for making judgments about the carrying values of assets and liabilities.

Financial statements in United States dollars

Financial statements in United States dollars:

Most of the revenues of the Company and its subsidiaries are denominated in U.S. dollars. The U.S. dollar is the primary currency of the economic environment in which the Company and its subsidiaries operate. Thus, the functional and reporting currency of the Company and its subsidiaries is the U.S. dollar. Accordingly, monetary accounts maintained in currencies other than the U.S. dollar are re-measured into U.S. dollars in accordance with Accounting Standards Codification (“ASC”) No. 830 “Foreign Currency Matters”. Changes in currency exchange rates between the Company’s functional currency and the currency in which a transaction is denominated are included in the Company’s statements of operations as financial income, net in the period in which the currency exchange rates change.

Principles of consolidation

Principles of consolidation:

The consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany balances and transactions, including profits from intercompany sales, have been eliminated upon consolidation.

Cash equivalents

Cash equivalents:

Cash equivalents are short-term highly liquid investments that are readily convertible to cash with original maturities of three months or less, at acquisition.

Short-term bank deposits

Short-term bank deposits:

Short-term bank deposits are deposits with an original maturity of more than three months but less than one year from the date of acquisition.

Marketable securities

Marketable securities:

The Company accounts for investments in marketable securities in accordance with ASC 320, “Investments - Debt Securities”. Management determines the appropriate classification of its investments at the time of purchase and re-evaluates such determinations at each balance sheet date. The Company classifies its marketable securities as either short-term or long-term based on each instrument’s underlying contractual maturity date and the entity’s expectations of sales and redemptions in the following year.

The Company classifies all of its marketable securities as available-for-sale. Available-for-sale securities are carried at fair value, with the unrealized gains and losses, net of tax, reported in “accumulated other comprehensive income (loss)” in shareholders’ equity. Realized gains and losses on sales of marketable securities are included in financial income, net and are derived using the specific identification method for determining the cost of securities.

The amortized cost of marketable securities is adjusted for amortization of premium and accretion of discount to maturity, both of which, together with interest, are included in financial income, net.

At each reporting period, the Company evaluates whether declines in fair value below amortized cost are due to expected credit losses, as well as the Company’s ability and intent to hold the investment until a forecasted recovery occurs in accordance with ASC 326, Financial Instrument- Credit losses. Allowance for credit losses on available-for-sale marketable securities are recognized in the Company’s consolidated statements of operations, and any remaining unrealized losses, net of taxes, are included in accumulated other comprehensive income (loss) in shareholders’ equity.

The Company did not recognize an allowance for credit losses on marketable securities for the years ended December 31, 2022 and 2021. During 2023 the Company recorded an allowance for credit losses on available-for-sale marketable securities of $93 which was recognized in the Company’s consolidated statements of operations.

Inventories

Inventories:

Inventories are measured at the lower of cost or net realizable value. The cost of inventories comprises cost of purchases and costs incurred in bringing the inventories to their present location and condition. Inventory write-off is measured as the difference between the cost of the inventory and net realizable value and is charged to cost of sales.

Cost of inventories is determined as follows:

Raw materials and components - on a first-in, first-out cost basis.

Finished goods - materials, on a first-in, first-out cost basis and other direct manufacturing costs.

Inventory provisions have been provided to cover risks arising from slow-moving items, technological obsolescence and excess inventories according to revenue forecasts.

During the years ended December 31, 2023, 2022 and 2021, the Company recorded inventory provisions and write-offs in a total amount of $22,001, $11,445 and $4,909, respectively.

For the year ended December 31, 2023, a part of inventory write-offs and provisions of $11,009 was recorded as a result of the Company’s restructuring (see Note 2ac).

Property, plant and equipment

Property, plant and equipment:

Property, plant and equipment are measured at cost, including directly attributable costs, less accumulated depreciation and accumulated impairment losses. Depreciation is calculated on a straight-line basis over the useful life of the assets at annual rates as follows:

	%
Office furniture and equipment		7 - 20
Computer and peripheral equipment		33
Machinery and equipment		7 - 33
Leasehold improvements		(*)
Building and land		(**)

(*)

Leasehold improvements are amortized on a straight-line basis over the shorter of the lease term (including the extension option held by the Company and intended to be exercised) and the expected life of the improvement.

(**)

Building and land consist of land and an ink manufacturing plant. In September 2018, the Company purchased the land which includes long-term leasehold rights, with a lease term of 49 years, which may be renewed for an additional 49 years. The manufacturing plant useful life is 25 years.

Leases

Leases:

The Company determines if an arrangement is a lease at inception. Contracts containing a lease are further evaluated for classification as an operating or finance lease. In determining the lease’s classification the Company assesses among other criteria: (i) if 75% or more of the remaining economic life of the underlying asset is a major part of the remaining economic life of that underlying asset; and (ii) if 90% or more of the fair value of the underlying asset comprises substantially all of the fair value of the underlying asset. Operating leases are included in operating lease right-of-use (“ROU”) assets, current operating lease liabilities and non-current operating lease liabilities in the Company’s consolidated balance sheets. ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. For leases with terms greater than 12 months, the Company records the ROU asset and liability at the commencement date based on the present value of lease payments according to their term. The Company also elected the practical expedient to not separate lease and non-lease components for its leases.

The Company uses incremental borrowing rates based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expenses are recognized on a straight-line basis over the lease term or the useful life of the leased asset.

In addition, the carrying amount of the ROU and lease liabilities are remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed lease payments or a change in the assessment to purchase the underlying asset.

Business combinations

Business combinations:

The Company accounts for business combinations in accordance with ASC No. 805, “Business Combinations” (“ASC No. 805”). ASC No. 805 requires recognition of assets acquired, liabilities assumed, and any non-controlling interest at the acquisition date, measured at their fair values as of that date. The excess of the fair value of the purchase price over the fair values of the identifiable assets and liabilities is recorded as goodwill. Such valuations require management to make significant estimates and assumptions, especially with respect to intangible assets. Acquisition related costs are expensed in the statement of operations in the period incurred.

Goodwill

Goodwill:

Goodwill reflects the excess of the purchase price of a business acquired over the fair value of net assets acquired. Under ASC No. 350, “Intangibles – Goodwill and other” (“ASC No. 350”), goodwill is not amortized but is tested for impairment at least annually or more frequently if events or changes in circumstances indicate that the carrying value may be impaired. The Company has elected to perform an annual impairment test of goodwill as of December 31 of each year, or more frequently if impairment indicators are present.

The Company operates in one operating segment and this segment comprises the Company’s sole reporting unit. ASC 350 allows an entity to first assess qualitative factors to determine whether it is necessary to perform the quantitative goodwill impairment test. If the qualitative assessment does not result in a more likely than not indication of impairment, no further impairment testing is required. If an entity elects not to use this option, or if an entity determines that it is more likely than not that the fair value of a reporting unit is less than its carrying value, then the entity prepares a quantitative analysis to determine whether the carrying value of a reporting unit exceeds its estimated fair value. If the carrying value of a reporting unit exceeds its estimated fair value, the entity recognizes an impairment of goodwill for the amount of this excess.

During the years ended December 31, 2023, 2022 and 2021, no impairment of goodwill was recorded.

Intangible assets

Intangible assets:

Acquired identifiable finite-lived intangible assets are amortized on a straight-line basis or accelerated method over the estimated useful lives of the assets. The basis of amortization approximates the pattern in which the assets are utilized, over their estimated useful lives.

The Company routinely reviews the remaining estimated useful lives of finite-lived intangible assets. In case the Company reduces the estimated useful life for any asset, the remaining unamortized balance is amortized or depreciated over the revised estimated useful life.

Impairment of long-lived assets

Impairment of long-lived assets:

Property, plant and equipment and intangible assets subject to amortization are reviewed for impairment in accordance with ASC No. 360, “Accounting for the Impairment or Disposal of Long-Lived Assets”, whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the assets to the future undiscounted cash flows expected to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets.

During the years ended December 31, 2022, and 2021, no impairment of long-lived assets and finite-lived intangible assets was recorded. For the year ended December 31, 2023, an impairment loss of $1,118, related to operating lease right-of-use assets was recorded as a result of the Company’s restructuring (see Note 2ac).

Revenue recognition

Revenue recognition:

The Company generates revenues from sales of systems, consumables and services, including software subscriptions and transaction-based revenues. The Company sells its products directly to end-users and indirectly through independent distributors, all of whom are considered end-users.

The Company recognizes revenues in accordance with ASC No. 606, “Revenue from Contracts with Customers”. As such, the Company recognizes revenue under the core principle that transfer of control to the Company’s customers should be depicted in an amount reflecting the consideration the Company expects to receive in revenue. Therefore, the Company identifies a contract with a customer, identifies the performance obligations in the contract, determines the transaction price, allocates the transaction price to each performance obligation in the contract and recognizes revenues when, or as, the Company satisfies a performance obligation.

Revenues from products, which consist of systems and consumables, are recognized at the point in time when control has transferred, in accordance with the agreed-upon delivery terms. Revenues from services are derived mainly from the sale of print heads, spare parts, upgrade kits, service contracts and software subscriptions. The Company’s revenues from print heads, spare parts and upgrade kits revenues (collectively “Spare parts”) are recognized at the point in time when control has transferred, contracts and software subscriptions are recognized over time, on a straight-line basis, over the period of the service.

For multiple performance obligations arrangements, such as selling a system with service contract, installation and training, the Company accounts for each performance obligation separately as it is distinct. The transaction price is allocated to each distinct performance obligation on a relative standalone selling price (“SSP”) basis and revenue is recognized for each performance obligation when control has passed, or service has been rendered. In most cases, the Company can establish SSP based on the observable prices of services sold separately in comparable circumstances to similar customers and for products based on the Company’s best estimates of the price at which the Company would have sold the product regularly on a stand-alone basis. The Company reassesses the SSP on a periodic basis or when facts and circumstances change.

The Company does not account for training and installation as a separate performance obligation due to its immateriality in the context of its contracts. Accordingly, revenues from training and installation are recognized upon the delivery of its systems.

The Company periodically provides customer incentive programs in the form of product discounts, volume-based rebates and warrants (see also note 11f), which are accounted for as a variable consideration that are deducted from revenue in the period in which the revenue is recognized. These reductions to revenue are made based upon estimates that are determined according to historical experience and the specific terms and conditions of the incentive.

The Company maintains a provision for returns which is estimated, primarily based on historical experience as well as management judgment, and is recorded as a reduction of revenue. Such provision amounted to $1,166 and $1,084 as of December 31, 2023 and 2022, respectively, and is included under accrued expenses and other current liabilities in the consolidated balance sheets.

Contract liabilities include amounts received from customers for which revenue has not yet been recognized. Contract liabilities amounted to $2,218 and $5,941 as of December 31, 2023 and 2022, respectively, and are presented under deferred revenues and customers advances and other non-current liabilities. During the year ended December 31, 2023, the Company recognized revenues in amount of $5,701, which have been included in the contract liabilities balance on January 1, 2023.

In cases where the Company’s customers trade-in old systems as part of a sale of new systems, the fair value of the old systems is recorded as inventory, provided that such value can be recoverable.

Revenue disaggregated by revenue source consists of the following:

	Year Ended December 31,
	2023		2022		2021

Systems	$	48,998	$	119,073	$	181,445
Ink and consumables		112,047		103,429		101,192
Service - spare parts		36,855		28,619		21,936
Service contracts and software subscriptions		21,886		20,397		17,433
Total revenue	$	219,786	$	271,518	$	322,006

The following table presents revenue disaggregated by geography based on customer location:

	Year Ended December 31,
	2023		2022		2021

U.S.	$	123,550	$	138,515	$	211,294
EMEA		60,706		93,243		78,686
Asia Pacific		22,006		24,396		23,341
Other		13,524		15,364		8,685
Total revenue	$	219,786	$	271,518	$	322,006

Sales to the Company’s independent distributors accounted for approximately 13%, 19% and 13% of 2023, 2022 and 2021 revenues, respectively.

Remaining performance obligations represent contracted revenues that have not yet been recognized, and which includes deferred revenues and non-cancelable contracts that will be invoiced and recognized as revenue in future periods. The Company elected to apply the optional exemption under paragraph ASC 606-10-50-14(a) not to disclose the remaining performance obligations that relate to contracts with an original expected duration of one year or less for which deferred revenues have not been recorded yet.

The following table represents the remaining performance obligations as of December 31, 2023, which are expected to be satisfied and recognized in future periods:

	2024		2025		2026 and thereafter

Service contracts and software subscriptions	$	2,885	$	97	$	18

The Company has elected to apply the practical expedient for financing component for transactions in which the difference between the payment date and the revenue recognition timing is up to 12 months. Payment terms between the Company and its payors are typically up to twelve months, and vary by the type of payer, country of sale and the products or services offered.

Shipping and Handling

Shipping and Handling:

Shipping and handling fees charged to the Company’s customers are recognized as revenue in the period shipped and the related costs for providing these services are recorded as a cost of revenue.

Cost of revenues

Cost of revenues:

Cost of revenues is comprised mainly of cost of systems and parts, ink production, employees’ salaries and related costs, allocated overhead expenses, import taxes, inventory write-offs, royalties and shipping and handling fees.

Warranty costs

Warranty costs:

The Company typically provides assurance type standard warranty for six months on its systems including parts and labor. A provision is recorded for estimated warranty costs at the time revenues are recognized based on historical warranty costs and management’s estimates. Factors that affect the Company’s warranty liability include the number of systems, historical rates of warranty claims and cost per claim. The Company periodically assesses the adequacy of its recorded warranty liabilities and adjusts the amounts thereof as necessary.

The following are the changes in the liability for product warranty from January 1, 2022 to December 31, 2023:

Balance at January 1, 2022	$	4,612

Additions and adjustments to cost of revenues		2,946
Reduction for payments and costs to satisfy claims		(5,640	)
Balance at December 31, 2022	$	1,918

Additions and adjustments to cost of revenues		2,492
Reduction for payments and costs to satisfy claims		(3,087	)
Balance at December 31, 2023	$	1,323

Research and development expenses, net

Research and development expenses, net:

Research and development expenses, net of government grants, are charged to the statement of operations, as incurred, except for development expenses which are capitalized as described in note 2s.

Internal use software

Internal use software:

The Company capitalizes qualifying costs incurred during the application development stage related to software developed for internal use. These costs are capitalized based on the qualifying criteria. Such costs are amortized over the software’s estimated life of three years. Costs incurred to develop software applications consist of (a) certain external direct costs of materials and services incurred in developing or obtaining internal-use computer software, and (b) payroll and payroll-related costs for employees who are directly associated with, and who devote time to, the development or implementation of the software. Capitalized internal-use software costs are included in intangibles assets, net in the consolidated balance sheet.

Implementation costs incurred in cloud computing arrangement that is a service contract

Implementation costs incurred in cloud computing arrangement that is a service contract:

The Company’s cloud computing arrangement (“CCA”) that is a service contract consists of an arrangement with third party vendors for internal use of their software applications that they host. The Company defers implementation costs incurred in relation to that arrangement, including costs for software application coding, configuration, integration and customization, while associated process reengineering, training, maintenance and data conversion costs are expensed. The short-term portion of deferred costs are included in prepaid expenses and other current assets in the consolidated balance sheets, while the long-term portion of deferred costs are included in other non-current assets. Amortized implementation costs incurred in CCA that are service contracts will be recognized using the straight-line method over eight years, which represents the noncancellable terms of the CCA, plus any optional renewal periods that the Company is reasonably certain to exercise. Deferred implementation costs are subject to assessment for potential impairment whenever events or changes in circumstances indicate that the carrying values may not be recoverable.

Deferred implementation costs incurred in CCA that is a service contract amounted to $7,424 as of December 31, 2023.

Amortization of the implementation costs incurred in a CCA that is a service contract that commenced on January 1, 2023 amounted to $848.

Accounting for share-based compensation

Accounting for share-based compensation:

The Company accounts for share-based compensation in accordance with ASC No. 718, “Compensation – Stock Compensation” (“ASC No. 718”) that requires companies to estimate the fair value of equity-based payment awards on the date of grant using an option-pricing model. The value of the award is recognized as an expense over the requisite service periods in the Company’s consolidated statement of operations.

The Company selected the binomial option pricing model as the most appropriate fair value method for its stock options awards with the following assumptions for the years ended December 31, 2023, 2022 and 2021:

	Year ended December 31,
	2023		2022		2021

Suboptimal exercise multiple		2.8		2.8		2.5
Risk free interest rate		4.26%-4.30%		3.02%-4.09%		0.09%-1.36%
Volatility		57.75%-60.75%		58.67%-69.13%		42.57%-58.49%
Dividend yield		0%		0%		0%

The expected volatility is derived from the volatility of the Company’s share price based upon actual historical stock price movements. The computation of the suboptimal exercise multiple is derived from empirical studies, based on those studies, the early exercise factor of public companies is approximately 150% for managers and 100% for other employees. The interest rate for the period within the contractual life of the award is based on the U.S. Treasury Bills yield curve in effect at the time of grant. The Company currently has no plans to distribute dividends and intends to retain future earnings to finance the development of its business.

The fair value of each restricted stock unit (“RSU”) including performance based RSUs (“PSU”) is the market value of a single ordinary share of the Company, as determined based on the closing price of the Company’s ordinary shares on the date immediately prior to the day of grant.

The Company recognizes compensation expenses for the value of its awards, which have graded vesting based on service conditions, using the straight-line method, over the requisite service period of each of the awards. The Company recognizes forfeitures of awards as they occur.

Derivatives and hedging

Derivatives and hedging:

The Company follows ASC No. 815, “Derivatives and Hedging” which requires companies to recognize all of their derivative instruments as either assets or liabilities in the balance sheets at fair value. Accounting for changes in fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging transaction and further, on the type of hedging transaction. For those derivative instruments that are designated and qualify as hedging instruments, a company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge, cash flow hedge, or a hedge of a net investment in a foreign operation. Due to the Company’s global operations, it is exposed to foreign currency exchange rate fluctuations in the normal course of its business.

The Company uses derivative financial instruments, specifically foreign currency forward and option contracts, to manage exposure to foreign currency risks, by hedging a portion of the Company’s forecasted payroll and related expenses denominated in New Israeli Shekels that it expects to incur within a year. The effect of exchange rate changes on foreign currency hedging contracts is expected to partially offset the effect of exchange rate changes on the underlying hedged item.

For derivative instruments that are designated and qualify as a cash flow hedge (i.e., hedging the exposure to variability in expected future cash flows that is attributable to a particular risk), the gain or loss on the derivative instrument is reported as a component of other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains or losses from contracts that were not designated as hedging instruments are recognized in “financial income, net”.

The Company measured the fair value of these contracts in accordance with ASC No. 820, “Fair Value Measurements and Disclosures” (“ASC No. 820”), and they were classified as level 2 of the fair value hierarchy.

Derivative instruments notional amounts:

The following table summarizes the notional amounts for hedged items:

	December 31,
	2023		2022

Designated cash flow hedges	$	12,284	$	38,465
Non-designated hedges		-		491
	$	12,284	$	38,956

Derivative instrument outstanding:

As of December 31, 2023 and 2022, the fair value of the Company’s outstanding forward and option contracts amounted to $595 and $1,000 which are included within “Prepaid expenses and other current assets” and “accrued expenses and other current liabilities”, respectively, on the balance sheets.

Derivative instrument gains and losses

The following table sets forth the expense (income) from derivatives instruments included in the consolidated statements of operations and reclassified from other comprehensive income:

	Year ended December 31,
	2023		2022		2021

Cost of revenues	$	814	$	674	$	(33	)
Research and development		1,144		1,029		(48	)
Sales and marketing		368		365		(21	)
General and administrative		548		481		(31	)

The Company’s outstanding derivatives designated as cash flow hedging instruments and their related gains and losses, are reported in the statement of cash flows as cash flows from operating activities.

The maximum length of time over which the Company hedges its exposure to the variability in future cash flows for forecasted transactions is less than 12 months.

Income taxes

Income taxes:

The Company accounts for income taxes and uncertain tax positions in accordance with ASC No. 740, “Income Taxes” (“ASC No. 740”). ASC No. 740 prescribes the use of the liability method, whereby deferred tax asset and liability account balances are determined based on temporary differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company provides a valuation allowance, if necessary, to reduce deferred tax assets to amounts more likely than not to be realized. Deferred tax assets and liabilities are classified as non-current assets and liabilities, respectively.

ASC No. 740 contains a two-step approach to recognizing and measuring a liability for uncertain tax positions. The first step is to evaluate the tax position taken or expected to be taken in a tax return by determining if the weight of available evidence indicates that it is more likely than not that, on an evaluation of the technical merits, the tax position will be sustained on audit, including resolution of any related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. The Company accrues interest and penalties related to unrecognized tax benefits on its taxes on income.

Concentrations of credit risks

Concentrations of credit risks:

Financial instruments that potentially subject the Company and its subsidiaries to concentrations of credit risk consist principally of cash and cash equivalents, bank deposits, marketable securities, foreign exchange contracts and trade receivables.

The majority of the Company’s and its subsidiaries’ cash and cash equivalents, bank deposits and marketable securities are invested in major banks in Israel and the U.S. Generally, these cash equivalents may be redeemed upon demand and, therefore management believes that they bear a lower risk.

The Company attempts to limit its exposure to interest rate risk by investing in securities with maturities of less than four years; however, the Company may be unable to successfully limit its risk to interest rate fluctuations. At any time, a sharp rise in interest rates could have a material adverse impact on the fair value of its investment portfolio. Conversely, declines in interest rates could have a material favorable impact on the fair value of its investment portfolio. Increases or decreases in interest rates could have a material impact on interest earnings related to new investments during the period.

The trade receivables of the Company and its subsidiaries are mainly derived from sales to customers located in the United States, Europe, Asia Pacific and Latin America. The Company performs ongoing credit evaluations of its customers. In certain circumstances, the Company may require letters of credit from its customers, other collaterals or additional guarantees. The allowance for credit loss is based on the Company’s assessment of historical collection experience, customer creditworthiness, and current and future economic and market conditions. The Company regularly reviews the adequacy of the allowance for credit loss based on a combination of factors, including an assessment of the current customer’s aging balance, the nature and size of the customer and the financial status of the customer. Accounts receivable deemed uncollectable are charged against the allowance for credit loss when identified. Doubtful debt expense is included in Sales and Marketing in the Consolidated Statements of Income (Loss). The allowance for credit loss as of December 31, 2023 and 2022, amounted to $5,227 and $738, respectively.

The change in 2023 current period provision allowance for credit loss amounted to $5,152, which was offset by a write-off amount of $663.

Transfers of financial assets

Transfers of financial assets:

ASC 860 “Transfers and Servicing”, (“ASC 860”), establishes a standard for determining when a transfer of financial assets should be accounted for as a sale. The Company’s arrangements are such that the underlying conditions are met for the transfer of financial assets to qualify for accounting as a sale. The transfers of financial assets are typically performed by the factoring of receivables to two financial institutions.

For the year ended December 31, 2023, and 2022, the Company sold trade receivables to financial institutions in a total net amount of $2,262 and $616, respectively. Control and risk of those trade receivables were fully transferred in accordance with ASC 860. During the year ended December 31, 2023, and 2022, the Company recorded an aggregate amount of $356 and $41, respectively, as financial expenses related to its factoring arrangements.

Severance pay

Severance pay:

The Company’s employees in Israel have subscribed to Section 14 of Israel’s Severance Pay Law, 5723-1963 (“Section 14”). Pursuant to Section 14, the Company’s employees, covered by this section, are entitled only to monthly deposits, at a rate of 8.33% of their monthly salary, made on their behalf by the Company. Payments in accordance with Section 14 release the Company from any future severance liabilities in respect of those employees. Neither severance pay liability nor severance pay fund under Section 14 for such employees is recorded on the Company’s balance sheet.

With regards to employees in Israel that are not subject to Section 14, the Company’s liability for severance pay is calculated pursuant to the Severance Pay Law, based on the most recent salary of the relevant employees multiplied by the number of years of employment as of the balance sheet date. These employees are entitled to one-month’s salary for each year of employment or a portion thereof. The Company’s liability for these employees is fully provided for via monthly deposits with severance pay funds, insurance policies and an accrual. The value of these deposits is recorded as an asset on the Company’s balance sheet.

The deposited funds include profits accumulated up to the balance sheet date. The deposited funds may be withdrawn only upon the fulfillment of the obligation pursuant to the Severance Pay Law or labor agreements.

Severance expenses for the years ended December 31, 2023, 2022 and 2021 were $3,144, $3,554 and $2,895, respectively.

Fair value of financial instruments

aa.

Fair value of financial instruments:

The Company applies ASC No. 820. Under this standard, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction between market participants at the measurement date.

In determining fair value, the Company uses various valuation approaches. ASC No. 820 establishes a hierarchy for inputs used in measuring fair value that maximize the use of observable inputs and minimize the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.

The hierarchy is broken down into three levels based on the inputs as follows:

Level 1 -

Valuations based on quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company can access at the measurement date.

Level 2 -

Valuations based on one or more quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.

Level 3 -

Valuations based on inputs that are unobservable and significant to the overall fair value measurement.

The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.

The carrying amount of cash, cash equivalents, short term bank deposits, trade receivables, prepaid expenses and other current assets, trade payables and accrued expenses and other current liabilities approximates their fair value due to the short-term maturities of such instruments.

The Company measures its marketable securities and foreign currency derivative instruments at fair value. Marketable securities and foreign currency derivative instruments are classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments.

Basic and diluted earnings (losses) per share

ab.

Basic and diluted earnings (losses) per share:

Basic earnings No. 260, “Earnings Per Share” is computed based on the weighted average number of ordinary shares outstanding during each period. Diluted earnings per share is computed based on the weighted average number of ordinary shares outstanding during each period, plus dilutive potential ordinary shares considered outstanding during the period, in accordance with the relevant ASC.

For the years ended December 31, 2023 and 2022, all outstanding options and RSU’s of 2,306,577 and 1,718,661, respectively, have been excluded from the calculation of the diluted earnings per share since their effect was anti-dilutive.

The total number of shares related to the outstanding options and RSU’s excluded from the calculation of diluted earnings (losses) per share due to their anti-dilutive effect was 5,005 for the year ended December 31, 2021.

Restructuring

ac.

Restructuring:

During 2023, the Company decided upon a cost savings initiative which resulted in a $19,375 restructuring charge. Included in this restructuring is a workforce reduction, a consolidation of facilities and a phasing out of legacy platforms.

During 2022, the Company announced a workforce reduction of approximately 10%. As a result, the Company recorded severance and other personnel related expenses for the impacted employees, in addition to other related expenses. The Company substantially completed these actions by the end of 2022.

A summary of the restructuring charges for the year ended December 31, 2023 and 2022 by major activity type is as follows:

	December 31, 2023
	Employee termination costs		Write-off		Others		Total

Cost of product revenues	$	147	$	5,510	$	-	$	5,657
Cost of service revenues		433		5,499		-		5,932
Research and development		283		598		-		881
Sales and marketing		719		-		2,211		2,930
General and administrative		597		3,378		-		3,975
	$	2,179	$	14,985	$	2,211	$	19,375

	December 31, 2022
	Employee termination costs		Others		Total

Cost of product revenues	$	347	$	342	$	689
Cost of service revenues		12		-		12
Research and development		201		-		201
Sales and marketing		675		-		675
General and administrative		74		42		116
	$	1,309	$	384	$	1,693

For the year ended December 31, 2023, the Company recorded $11,009 of inventory write-off in cost of revenues as a result.

The liabilities related to the restructuring plan as of December 31, 2023 and 2022 amounted to $4,558 and $708 respectively. The liabilities related to the restructuring plan as of December 31, 2022 were paid in full in 2023.

New accounting pronouncement, not yet adopted

ad.

New accounting pronouncement, not yet adopted

In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires public entities to disclose information about their reportable segments’ significant expenses and other segment items on an annual basis. Public entities with a single reportable segment are required to apply the disclosure requirements in ASU 2023-07, as well as all existing segment disclosures and reconciliation requirements in ASC 280 on an annual basis. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2023-07.

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires public entities, on an annual basis, to provide disclosure of specific categories in the rate reconciliation, as well as disclosure of income taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2023-09.

Certain comparative figures have been reclassified to conform to the current year presentation

ae.

Certain comparative figures have been reclassified to conform to the current year presentation.

Significant Accounting Policies (Details)	12 Months Ended
Significant Accounting Policies (Details)	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) shares
Significant Accounting Policies [Line Items]
Available-for-sale marketable securities	$ 93,000
Inventory write off	$ 22,001,000	$ 11,445,000	$ 4,909,000
Lease term	49 years
Additional term	49 years
Manufacturing plant useful life	3 years
Remaining economic life underlying asset percentage	75.00%
Fair value of underlying asset percentage	90.00%
Operating segment	1
Impairment loss	$ 1,118,000
Provisions for estimated sales returns	1,166,000	1,084,000
Contract liabilities	2,218,000	5,941,000
Revenues	5,701,000
Service contract amount	7,424,000
Service contract cost	$ 848,000
Percentage of exercise factor	150.00%
Percentage of share-based compensation to other employees	100.00%
Option contracts amounted	$ 595,000	1,000,000
Maximum tax benefit	50.00%
Allowance for credit loss	$ 5,227,000	738,000
Provision allowance for credit loss amount	5,152
Write-off amount	663
Total net amount	2,262,000	616,000
Aggregate amount	$ 356,000	41,000
Monthly deposits rate	8.33%
Severance expenses	$ 3,144,000	$ 3,554,000	$ 2,895,000
Anti-dilutive effect (in Shares) \| shares	2,306,577	1,718,661	5,005
Restructuring charge	$ 19,375,000
Reduction percentage		10.00%
Restructuring plan	4,558,000	$ 708,000
Inventories [Member]
Significant Accounting Policies [Line Items]
Inventory write off	$ 11,009,000
Independent Distributor [Member] \| Revenue Benchmark [Member] \| Customer Concentration Risk [Member]
Significant Accounting Policies [Line Items]
Distributors accounted revenues	13.00%	19.00%	13.00%
Restructuring [Member]
Significant Accounting Policies [Line Items]
Inventory write off	$ 11,009,000
Manufacturing Facility [Member]
Significant Accounting Policies [Line Items]
Manufacturing plant useful life	25 years

Leases (Details) - Schedule of Lease Expense - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of lease expense [Abstract]
Operating lease	$ 5,566	$ 6,126	$ 5,085
Short-term lease	80	297	264
Total lease expense	$ 5,646	$ 6,423	$ 5,349

Geographic Information

12 Months Ended

Dec. 31, 2023

Geographic Information [Abstract]

GEOGRAPHIC INFORMATION

NOTE 16:-

GEOGRAPHIC INFORMATION

Summary information about geographic areas:

The Company operates in one reportable segment (see note 1 for a brief description of the Company’s business). Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker, who is the Company’s chief executive officer, in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker evaluates the Company’s financial information and resources and assesses the performance of these resources on a consolidated basis.

The following table presents long-lived assets by geographic region as of December 31, 2023 and 2022:

	December 31,
	2023		2022

U.S.	$	2,560	$	6,202
Israel		58,488		70,722
EMEA		9,449		9,720
Asia Pacific		359		958
	$	74,687	$	87,602

Major customers’ data as a percentage of total revenues:

The following table sets forth the customers that accounted for 10% or more of the Company’s total revenues in each of the years set forth below:

	Year Ended December 31,
	2023			2022			2021

Customer A		20	%		27	%		27	%
Customer B		7	%		2	%		12	%

Major customers’ data as a percentage of Trade receivables:

The following table sets forth the customers that accounted for 10% or more of the Company’s Trade receivables in each of the years set forth below:

	December 31,
	2023			2022

Customer A		16	%		-
Customer B		13	%		-
Customer C		-			12	%

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Taxes on Income (Details) $ in Thousands, ₪ in Millions					12 Months Ended
Taxes on Income (Details) $ in Thousands, ₪ in Millions	Nov. 30, 2022 USD ($)	Nov. 15, 2021	Dec. 31, 2017	Jan. 01, 2017 ILS (₪)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Taxes on Income [Line Items]
Israeli corporate income tax rate					23.00%
Dividend withholding tax rate		20.00%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		30.00%
Released earnings, description					Assets used by the company, salaries of newly recruited employees, for a period of up to 5 years.
Paid of corporate tax (in Dollars)	$ 11,485
Corporate tax on exempt income (in Dollars)	$ 133,751
Tax rate			7.50%		20.00%
Percentage of corporate tax rate			12.00%
Benefitted intangible assets (in New Shekels) \| ₪				₪ 200
Undistributed earnings of foreign subsidiaries (in Dollars)					$ 25,020
Corporate tax rate (in Dollars)					3,741
Carryforward operating tax losses (in Dollars)					139,117
Unrecognized tax benefit (in Dollars)					$ 256	$ 130
Minimum [Member]
Taxes on Income [Line Items]
Percentage of grant relief		30.00%
Effective tax rate		6.00%
Tax rate					20.00%
Maximum [Member]
Taxes on Income [Line Items]
Percentage of grant relief		60.00%
Effective tax rate		17.50%
Israeli [Member]
Taxes on Income [Line Items]
Tax rate					16.00%
Preferred Technology [Member]
Taxes on Income [Line Items]
Tax rate			12.00%		7.50%
Preferred Technology [Member] \| Israeli [Member]
Taxes on Income [Line Items]
Tax rate					12.00%
Gateway Ltd [Member]
Taxes on Income [Line Items]
Carryforward operating tax losses (in Dollars)					$ 8,198
Kornit Digital UK Ltd [Member]
Taxes on Income [Line Items]
Carryforward operating tax losses (in Dollars)					929
Tesoma GmbH [Member]
Taxes on Income [Line Items]
Carryforward operating tax losses (in Dollars)					$ 5,507
Trapped [Member]
Taxes on Income [Line Items]
Dividend withholding tax rate		20.00%

Significant Accounting Policies

12 Months Ended

Dec. 31, 2023

Significant Accounting Policies [Abstract]

SIGNIFICANT ACCOUNTING POLICIES

NOTE 2:-

SIGNIFICANT ACCOUNTING POLICIES

The consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”).

Use of estimates:

Financial statements in United States dollars:

Principles of consolidation:

Cash equivalents:

Cash equivalents are short-term highly liquid investments that are readily convertible to cash with original maturities of three months or less, at acquisition.

Short-term bank deposits:

Short-term bank deposits are deposits with an original maturity of more than three months but less than one year from the date of acquisition.

Marketable securities:

Inventories:

Cost of inventories is determined as follows:

Raw materials and components - on a first-in, first-out cost basis.

Finished goods - materials, on a first-in, first-out cost basis and other direct manufacturing costs.

Inventory provisions have been provided to cover risks arising from slow-moving items, technological obsolescence and excess inventories according to revenue forecasts.

During the years ended December 31, 2023, 2022 and 2021, the Company recorded inventory provisions and write-offs in a total amount of $22,001, $11,445 and $4,909, respectively.

For the year ended December 31, 2023, a part of inventory write-offs and provisions of $11,009 was recorded as a result of the Company’s restructuring (see Note 2ac).

Property, plant and equipment:

	%
Office furniture and equipment		7 - 20
Computer and peripheral equipment		33
Machinery and equipment		7 - 33
Leasehold improvements		(*)
Building and land		(**)

(*)

(**)

Leases:

Business combinations:

Goodwill:

During the years ended December 31, 2023, 2022 and 2021, no impairment of goodwill was recorded.

Intangible assets:

Impairment of long-lived assets:

Revenue recognition:

Revenue disaggregated by revenue source consists of the following:

	Year Ended December 31,
	2023		2022		2021

Systems	$	48,998	$	119,073	$	181,445
Ink and consumables		112,047		103,429		101,192
Service - spare parts		36,855		28,619		21,936
Service contracts and software subscriptions		21,886		20,397		17,433
Total revenue	$	219,786	$	271,518	$	322,006

The following table presents revenue disaggregated by geography based on customer location:

	Year Ended December 31,
	2023		2022		2021

U.S.	$	123,550	$	138,515	$	211,294
EMEA		60,706		93,243		78,686
Asia Pacific		22,006		24,396		23,341
Other		13,524		15,364		8,685
Total revenue	$	219,786	$	271,518	$	322,006

Sales to the Company’s independent distributors accounted for approximately 13%, 19% and 13% of 2023, 2022 and 2021 revenues, respectively.

The following table represents the remaining performance obligations as of December 31, 2023, which are expected to be satisfied and recognized in future periods:

	2024		2025		2026 and thereafter

Service contracts and software subscriptions	$	2,885	$	97	$	18

Shipping and Handling:

Shipping and handling fees charged to the Company’s customers are recognized as revenue in the period shipped and the related costs for providing these services are recorded as a cost of revenue.

Cost of revenues:

Warranty costs:

The following are the changes in the liability for product warranty from January 1, 2022 to December 31, 2023:

Balance at January 1, 2022	$	4,612

Additions and adjustments to cost of revenues		2,946
Reduction for payments and costs to satisfy claims		(5,640	)
Balance at December 31, 2022	$	1,918

Additions and adjustments to cost of revenues		2,492
Reduction for payments and costs to satisfy claims		(3,087	)
Balance at December 31, 2023	$	1,323

Research and development expenses, net:

Research and development expenses, net of government grants, are charged to the statement of operations, as incurred, except for development expenses which are capitalized as described in note 2s.

Internal use software:

Implementation costs incurred in cloud computing arrangement that is a service contract:

Deferred implementation costs incurred in CCA that is a service contract amounted to $7,424 as of December 31, 2023.

Amortization of the implementation costs incurred in a CCA that is a service contract that commenced on January 1, 2023 amounted to $848.

Accounting for share-based compensation:

	Year ended December 31,
	2023		2022		2021

Suboptimal exercise multiple		2.8		2.8		2.5
Risk free interest rate		4.26%-4.30%		3.02%-4.09%		0.09%-1.36%
Volatility		57.75%-60.75%		58.67%-69.13%		42.57%-58.49%
Dividend yield		0%		0%		0%

Derivatives and hedging:

Derivative instruments notional amounts:

The following table summarizes the notional amounts for hedged items:

	December 31,
	2023		2022

Designated cash flow hedges	$	12,284	$	38,465
Non-designated hedges		-		491
	$	12,284	$	38,956

Derivative instrument outstanding:

Derivative instrument gains and losses

The following table sets forth the expense (income) from derivatives instruments included in the consolidated statements of operations and reclassified from other comprehensive income:

	Year ended December 31,
	2023		2022		2021

Cost of revenues	$	814	$	674	$	(33	)
Research and development		1,144		1,029		(48	)
Sales and marketing		368		365		(21	)
General and administrative		548		481		(31	)

The maximum length of time over which the Company hedges its exposure to the variability in future cash flows for forecasted transactions is less than 12 months.

Income taxes:

Concentrations of credit risks:

The change in 2023 current period provision allowance for credit loss amounted to $5,152, which was offset by a write-off amount of $663.

Transfers of financial assets:

Severance pay:

Severance expenses for the years ended December 31, 2023, 2022 and 2021 were $3,144, $3,554 and $2,895, respectively.

aa.

Fair value of financial instruments:

The hierarchy is broken down into three levels based on the inputs as follows:

Level 1 -

Valuations based on quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company can access at the measurement date.

Level 2 -

Valuations based on one or more quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.

Level 3 -

Valuations based on inputs that are unobservable and significant to the overall fair value measurement.

The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.

ab.

Basic and diluted earnings (losses) per share:

ac.

Restructuring:

A summary of the restructuring charges for the year ended December 31, 2023 and 2022 by major activity type is as follows:

	December 31, 2023
	Employee termination costs		Write-off		Others		Total

Cost of product revenues	$	147	$	5,510	$	-	$	5,657
Cost of service revenues		433		5,499		-		5,932
Research and development		283		598		-		881
Sales and marketing		719		-		2,211		2,930
General and administrative		597		3,378		-		3,975
	$	2,179	$	14,985	$	2,211	$	19,375

	December 31, 2022
	Employee termination costs		Others		Total

Cost of product revenues	$	347	$	342	$	689
Cost of service revenues		12		-		12
Research and development		201		-		201
Sales and marketing		675		-		675
General and administrative		74		42		116
	$	1,309	$	384	$	1,693

For the year ended December 31, 2023, the Company recorded $11,009 of inventory write-off in cost of revenues as a result.

ad.

New accounting pronouncement, not yet adopted

ae.

Certain comparative figures have been reclassified to conform to the current year presentation.

Leases (Details) - Schedule of Maturities of Operating Lease Liabilities $ in Thousands	Dec. 31, 2023 USD ($)
Schedule of maturities of operating lease liabilities [Abstract]
2024	$ 5,209
2025	4,660
2026	3,080
2027	2,844
2028	2,646
Thereafter	8,964
Total operating lease payments	27,403
Less - imputed interest	(3,797)
Present value of future lease payments	$ 23,606

Taxes on Income (Tables)

12 Months Ended

Dec. 31, 2023

Taxes on Income [Abstract]

Schedule of Deferred Tax Liabilities and Assets

Significant components of the Company’s and its subsidiaries’ deferred tax liabilities and assets are as follows:

	December 31,
	2023			2022

Deferred tax assets:
Carryforward tax losses	$	13,733		$	9,494
Share-based compensation expenses		2,697			1,853
Research and development carryforward expenses		3,329			3,605
Allowance and other reserves		7,812			6,672
Operating lease liabilities		3,340			2,622

Total gross deferred tax assets		30,911			24,246

Less, Valuation Allowance		(26,326	)		(19,735	)

Total deferred tax assets		4,585			4,511

Deferred tax liabilities:
Operating lease ROU assets		(3,184	)		(2,690	)
Intangible assets		(1,253	)		(1,539	)
Others		(148	)		(826	)

Total gross deferred tax liabilities		(4,585	)		(5,055	)

Net deferred tax assets (liabilities)	$	-		$	(544	)

Schedule of Income (Loss) Before Income Taxes

Income (loss) before income taxes is comprised as follows:

	Year Ended December 31,
	2023			2022			2021

Domestic	$	(62,734	)	$	(58,085	)	$	10,334
Foreign		(647	)		1,585			5,058

Income (loss) before income taxes	$	(63,381	)	$	(56,500	)	$	15,392

Schedule of Taxes on Income (Tax Benefits)

Taxes on income (tax benefits) are comprised as follows:

	Year Ended December 31,
	2023			2022		2021

Current taxes	$	1,463		$	12,619	$	(550	)
Deferred taxes		(493	)		9,946		415

	$	970		$	22,565	$	(135	)

Domestic	$	(16	)	$	20,400	$	322
Foreign		986			2,165		(457	)

	$	970		$	22,565	$	(135	)

	Year Ended December 31,
	2023			2022		2021
Domestic taxes:

Current taxes	$	174		$	11,119	$	(1,171	)
Deferred taxes		(190	)		9,281		1,493

		(16	)		20,400		322

Foreign taxes:

Current taxes		1,289			1,500		621
Deferred taxes		(303	)		665		(1,078	)

		986			2,165		(457	)

Taxes on income	$	970		$	22,565	$	(135	)

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows:

	December 31,
	2023		2022

Beginning of year	$	394	$	1,034
Additions related to tax positions taken during current year		174		312
Reduction related to settlements of tax matters		-		-
Reductions for tax positions of prior years		-		(952	)

Balance at December 31(*)	$	568	$	394

(*)	As of December 31, 2023, and 2022, unrecognized tax benefits in an amount of $256 and $130, respectively, were presented as a reduction from deferred taxes.

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation between the theoretical tax expense, assuming all income is taxed at the statutory tax rate applicable to income of the Company and the actual tax expense as reported in the statement of operations is as follows:

	Year Ended December 31,
	2023			2022			2021

Income (loss) before taxes, as reported in the consolidated statements of operations	$	(63,381	)	$	(56,500	)	$	15,392

Theoretical tax expense (benefit) at the Israeli statutory tax rate		(14,578	)		(12,995	)		3,540
Beneficiary enterprise expenses (benefit)		9,724			9,003			(560	)
Tax adjustment in respect of different tax rate of foreign subsidiaries		225			639			309
Non-deductible expenses and other permanent differences		143			(289	)		(1,808	)
Share based compensation		1,004			541			355
Increase (decrease) in other uncertain tax positions, net		174			(639	)		(2,037	)
Taxes related to prior years (see also note 15b)		(61	)		11,471			-
Losses and timing differences for which valuation allowance was provided		4,819			15,727			-
Others		(480	)		(893	)		66

Actual tax expense (benefit)	$	970		$	22,565		$	(135	)

Tesoma Gmbh Acquisition (Details) - Schedule of Purchase Price Allocation - Tesoma Acquisition [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Cash [Member]
Tangible assets (liabilities):
Cash	$ 789
Accounts receivable and other receivables [Member]
Tangible assets (liabilities):
Account receivables and other receivables	1,672
Inventory [Member]
Tangible assets (liabilities):
Inventory	3,991
Property and equipment [Member]
Tangible assets (liabilities):
Property and equipment	6,194
Other assets [Member]
Tangible assets (liabilities):
Other assets	343
Advances from customers [Member]
Tangible assets (liabilities):
Advances from customers	(1,726)
Trade payables [Member]
Tangible assets (liabilities):
Trade payables and other payables	(466)
Provisions and other liabilities [Member]
Tangible assets (liabilities):
Provisions and other liabilities	(717)
Deferred tax liabilities, net [Member]
Tangible assets (liabilities):
Deferred tax liabilities, net	(855)
Net assets [Member]
Tangible assets (liabilities):
Net assets	9,225
Customer Relationship [Member]
Intangible assets:
Intangible assets	$ 1,213
Intangible assets	5 years 9 months 18 days
Technology [Member]
Intangible assets:
Intangible assets	$ 856
Intangible assets	2 years 4 months 24 days
Backlog [Member]
Intangible assets:
Intangible assets	$ 432
Intangible assets	6 months
Goodwill [Member]
Intangible assets:
Goodwill	$ 3,717
Goodwill	Infinite
Total purchase price [Member]
Intangible assets:
Total purchase price	$ 15,443

Significant Accounting Policies (Details) - Schedule of Revenue Disaggregated by Geography Based on Customer Location - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Revenue Disaggregated by Geography Based on Customer Location [Line Items]
Total revenue	$ 219,786	$ 271,518	$ 322,006
U.S. [Member]
Schedule of Revenue Disaggregated by Geography Based on Customer Location [Line Items]
Total revenue	123,550	138,515	211,294
EMEA [Member]
Schedule of Revenue Disaggregated by Geography Based on Customer Location [Line Items]
Total revenue	60,706	93,243	78,686
Asia Pacific [Member]
Schedule of Revenue Disaggregated by Geography Based on Customer Location [Line Items]
Total revenue	22,006	24,396	23,341
Other [Member]
Schedule of Revenue Disaggregated by Geography Based on Customer Location [Line Items]
Total revenue	$ 13,524	$ 15,364	$ 8,685

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

+ Details

Tesoma Gmbh Acquisition (Details) - Tesoma GMBH [Member] $ in Thousands	Apr. 05, 2022 USD ($)
Tesoma Gmbh Acquisition (Details) [Line Items]
Total consideration	$ 15,443
Acquisition related costs	$ 512

Taxes on Income

12 Months Ended

Dec. 31, 2023

Taxes on Income [Abstract]

TAXES ON INCOME

NOTE 15:-

TAXES ON INCOME

Tax rates:

Taxable income of the Company and its Israeli subsidiary is subject to Israeli corporate tax at the rate of 23%. The Company and its Israeli subsidiary are also eligible for tax benefits as further described in note 15b.

Tax benefits under the Law for the Encouragement of Capital Investments, 1959 (the “Law”):

The Company’s production facilities in Israel have been granted “Beneficiary Enterprise” status under the Law. The Company and its Israeli subsidiary have been granted benefits under the “Alternative Benefit Track” under which the main benefits are a tax exemption for undistributed income and a reduced tax rate.

The Company and its Israeli subsidiary began to utilize such tax benefits in 2010. The entitlement to the above benefits was limited to the end of 2019, and was conditional upon the Company and its Israeli subsidiary fulfilling the conditions stipulated by the Law and related regulations. In the event of failure to comply with these conditions, the benefits may be partially or fully canceled and the Company or its Israeli subsidiary may be required to refund the amount of the benefits, in whole or in part, plus a consumer price index linkage adjustment and interest.

In the event of distribution of any dividends, the amount distributed which is allocated to the above-mentioned tax-exempt income, on a prorate basis, will be subject to the same reduced corporate tax rate that would have been applied to the Beneficiary Enterprise’s income.

In addition, tax-exempt income attributed to the Beneficiary Enterprise will subject the Company to taxes upon distribution in any manner including complete liquidation.

On November 15, 2021, a new amendment of the Law was enacted harshening the rules with respect to determining the profits from which a dividend was distributed and providing that part of any dividend distribution will be deemed as distributed from the Trapped Profits, according to a certain formula. The Israeli government agreed to grant relief of 30%-60% on the amount of tax which should have been paid on distributable earnings in order to encourage companies to pay the reduced taxes during the next 12 months (the “Temporary Order”). The Temporary Order provides partial relief from Israeli corporate income tax for companies which opt to enjoy the privilege, on a linear basis: greater release of “trapped” earnings will result in a higher relief from corporate income tax. According to the new linear statutory formula, the corporate income tax to be paid, would vary from 6% to 17.5% effective tax rate (depends on the company’s corporate tax rate in the year in which the income was derived and the amount of “trapped” retained earnings elected to be relieved), without taking into account the 20% dividend withholding tax (which should be levied only upon actual distribution, if any). The reduced corporate tax is payable within 30 days of making the election. The new Temporary Order does not require the actual distribution of the retained earnings, nor does it provide any relief from the 20% dividend withholding tax.

The partial corporate income tax relief was available to companies that elected to implement the temporary reduced tax relief by November 15, 2022 in respect of its exempt retained earnings, provided that up to 30% (the exact rate is calculated by a new statutory formula) of the “released” earnings are re-invested in Israel in at least one of the following: Industrial activities, Research and development activities, Assets used by the company, salaries of newly recruited employees, for a period of up to 5 years.

During November 2022, the Company applied the Temporary Order to its exempt profits accrued prior to 2022 by the Company and its Israeli subsidiary. Consequently, the Company paid $11,485 corporate tax on exempt income of $133,751.

The Company’s Israeli subsidiary elected to apply the Preferred Enterprise regime under the January 2011 amendment to the Law as of the 2013 tax year. The election is irrevocable. Under the Preferred Enterprise regime, a preferred income of an Enterprise located in the center of Israel is subject to the tax rate of 16%.

The 2017 Amendment provides that a technology company satisfying certain conditions will qualify as a Preferred Technology Enterprise and will thereby enjoy a reduced corporate tax rate of 12% on income that qualifies as “Preferred Technology Income”, as defined in the Law. The tax rate is further reduced to 7.5% for a Preferred Technology Enterprise located in development zone A. These corporate tax rates shall apply only with respect to the portion of the Preferred Technology Income derived from R&D developed in Israel. In addition, a Preferred Technology Company will enjoy a reduced corporate tax rate of 12% on capital gain derived from the sale of certain “Benefitted Intangible Assets” (as defined in the Law) to a related foreign company if the Benefitted Intangible Assets were acquired from a foreign company on or after January 1, 2017 for at least NIS 200 million, and the sale receives prior approval from the National Authority for Technological Authority (previously known as the Israeli Office of the Chief Scientist), referred to as the Innovation Authority.

Dividends distributed by a Preferred Technology Enterprise, paid out of Preferred Technology Income, are generally subject to withholding tax at source at the rate of 20% or such lower rate as may be provided in an applicable tax treaty (subject to the receipt in advance of a valid certificate from the Israel Tax Authority allowing for a reduced tax rate). However, if such dividends are paid to an Israeli company, no tax is required to be withheld (although, if such dividends are subsequently distributed from such Israeli company to individuals or a non-Israeli company, withholding tax at a rate of 20% or such lower rate as may be provided in an applicable tax treaty will apply).

The Company and its Israeli subsidiary believe they meet the conditions for “Preferred Technological Enterprises”, and are subject to a tax rate of 12% on income that qualifies as “Preferred Technology Income”, as defined in the Law. The tax rate for a Preferred Technological Enterprises located in development zone A is 7.5%.

From time to time, the Israeli Government discusses reducing the benefits available to companies under the Law. The termination or substantial reduction of any of the benefits available under the Law could materially increase the Company’s tax liabilities.

Tax benefits under the Israeli Law for the Encouragement of Industry (Taxation), 1969:

Each of the Company and its Israeli subsidiary is an “Industrial Company” as defined by the Israeli Law for the Encouragement of Industry (Taxation), 1969, and, as such, is entitled to certain tax benefits including accelerated depreciation, deduction of public offering expenses in three equal annual installments and amortization of other intangible property rights for tax purposes. In addition, these Israeli companies are eligible to submit consolidated tax returns, allowing the offsetting of losses between the entities.

Income taxes of non-Israeli subsidiaries:

The Company’s non-Israeli subsidiaries are taxed according to the tax laws in their respective countries of residence.

Taxes were not provided for undistributed earnings of the Company’s foreign subsidiaries. The Company’s board of directors has determined that the Company does not currently intend to distribute any amounts of its undistributed earnings as a dividend. The Company intends to reinvest these earnings indefinitely in the foreign subsidiaries. Accordingly, no deferred income taxes have been provided. If these earnings were distributed into Israel in the form of dividends or otherwise, the Company would be subject to additional Israeli income taxes (subject to an adjustment for foreign tax credits) and foreign withholding taxes.

The amount of undistributed earnings of foreign subsidiaries that are considered to be reinvested as of December 31, 2023 was $25,020. If these undistributed earnings are distributed, they would be taxed at the corporate tax rate applicable to such income, and $3,741 of additional taxes would be incurred as of December 31, 2023.

Tax assessments:

The Company and its Israeli subsidiary received final tax assessments through 2021. The U.S subsidiary, Tesoma GmbH and German subsidiary received final tax assessments through 2018, 2019 and 2020, respectively, and the Hong Kong, Japan and U.K subsidiaries have not received a final tax assessment since inception.

Carryforward losses for tax purposes:

As of December 31, 2023, the Company and its Israeli subsidiary have carryforward tax losses of approximately $139,117.

As of December 31, 2023, Custom Gateway Ltd has carryforward tax losses of approximately $8,198.

As of December 31, 2023, Kornit Digital UK Ltd has carryforward tax losses of approximately $929.

As of December 31, 2023, Tesoma GmbH has carryforward tax losses of approximately $5,507.

Deferred income taxes:

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s and its subsidiaries’ deferred tax liabilities and assets are as follows:

	December 31,
	2023			2022

Deferred tax assets:
Carryforward tax losses	$	13,733		$	9,494
Share-based compensation expenses		2,697			1,853
Research and development carryforward expenses		3,329			3,605
Allowance and other reserves		7,812			6,672
Operating lease liabilities		3,340			2,622

Total gross deferred tax assets		30,911			24,246

Less, Valuation Allowance		(26,326	)		(19,735	)

Total deferred tax assets		4,585			4,511

Deferred tax liabilities:
Operating lease ROU assets		(3,184	)		(2,690	)
Intangible assets		(1,253	)		(1,539	)
Others		(148	)		(826	)

Total gross deferred tax liabilities		(4,585	)		(5,055	)

Net deferred tax assets (liabilities)	$	-		$	(544	)

In assessing the ability to realize deferred tax assets, the Company considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. Based on the available evidence, management believes that it is more likely than not that its deferred tax assets will not be realized and accordingly, a valuation allowance has been provided.

Income (loss) before income taxes is comprised as follows:

	Year Ended December 31,
	2023			2022			2021

Domestic	$	(62,734	)	$	(58,085	)	$	10,334
Foreign		(647	)		1,585			5,058

Income (loss) before income taxes	$	(63,381	)	$	(56,500	)	$	15,392

Taxes on income (tax benefits) are comprised as follows:

	Year Ended December 31,
	2023			2022		2021

Current taxes	$	1,463		$	12,619	$	(550	)
Deferred taxes		(493	)		9,946		415

	$	970		$	22,565	$	(135	)

Domestic	$	(16	)	$	20,400	$	322
Foreign		986			2,165		(457	)

	$	970		$	22,565	$	(135	)

	Year Ended December 31,
	2023			2022		2021
Domestic taxes:

Current taxes	$	174		$	11,119	$	(1,171	)
Deferred taxes		(190	)		9,281		1,493

		(16	)		20,400		322

Foreign taxes:

Current taxes		1,289			1,500		621
Deferred taxes		(303	)		665		(1,078	)

		986			2,165		(457	)

Taxes on income	$	970		$	22,565	$	(135	)

Uncertain tax positions:

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows:

	December 31,
	2023		2022

Beginning of year	$	394	$	1,034
Additions related to tax positions taken during current year		174		312
Reduction related to settlements of tax matters		-		-
Reductions for tax positions of prior years		-		(952	)

Balance at December 31(*)	$	568	$	394

(*)	As of December 31, 2023, and 2022, unrecognized tax benefits in an amount of $256 and $130, respectively, were presented as a reduction from deferred taxes.

The amount of the unrecognized tax benefits could affect the Company’s income tax provision and the effective tax rate.

Exchange rate differences are recorded within financial income, net, while interest is recorded within income tax expense.

The final tax outcome of the Company’s tax audits could be different from that which is reflected in the Company’s income tax provisions and accruals. Such differences could have a material effect on the Company’s income tax provision and net income in the period in which such determination is made.

	Year Ended December 31,
	2023			2022			2021

Income (loss) before taxes, as reported in the consolidated statements of operations	$	(63,381	)	$	(56,500	)	$	15,392

Theoretical tax expense (benefit) at the Israeli statutory tax rate		(14,578	)		(12,995	)		3,540
Beneficiary enterprise expenses (benefit)		9,724			9,003			(560	)
Tax adjustment in respect of different tax rate of foreign subsidiaries		225			639			309
Non-deductible expenses and other permanent differences		143			(289	)		(1,808	)
Share based compensation		1,004			541			355
Increase (decrease) in other uncertain tax positions, net		174			(639	)		(2,037	)
Taxes related to prior years (see also note 15b)		(61	)		11,471			-
Losses and timing differences for which valuation allowance was provided		4,819			15,727			-
Others		(480	)		(893	)		66

Actual tax expense (benefit)	$	970		$	22,565		$	(135	)

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Geographic Information (Details)	12 Months Ended
Geographic Information (Details)	Dec. 31, 2023
Trade Receivables [Member] \| Customer Concentration Risk [Member] \| Customers [Member]
Geographic Information [Line Items]
Customer accounted	10.00%

Intangible Assets, Net (Details) - Schedule of Intangible Assets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Original amount:
Original amount	$ 19,233	$ 19,233
Accumulated amortization:
Accumulated amortization	11,586	9,343
Intangible assets, net	7,647	9,890
Acquired technology [Member]
Original amount:
Original amount	$ 10,534	10,534
Weighted average remaining term	3 years 4 months 24 days
Accumulated amortization:
Accumulated amortization	$ 4,856	3,276
License [Member]
Original amount:
Original amount	$ 1,000	1,000
Weighted average remaining term	7 months 6 days
Accumulated amortization:
Accumulated amortization	$ 282	165
Customer relationships [Member]
Original amount:
Original amount	$ 4,717	4,717
Weighted average remaining term	6 months
Accumulated amortization:
Accumulated amortization	$ 3,816	3,534
Non-competition agreement [Member]
Original amount:
Original amount	$ 974	974
Weighted average remaining term
Accumulated amortization:
Accumulated amortization	$ 974	833
Software development costs [Member]
Original amount:
Original amount	$ 1,320	1,320
Weighted average remaining term
Accumulated amortization:
Accumulated amortization	$ 1,320	1,285
Distribution rights [Member]
Original amount:
Original amount	$ 688	688
Weighted average remaining term	2 months 12 days
Accumulated amortization:
Accumulated amortization	$ 338	$ 250

Statements of Shareholders' Equity (Parentheticals) $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
Statement of Stockholders' Equity [Abstract]
Net issuance costs	$ 739

Significant Accounting Policies (Details) - Schedule of Revenue Disaggregated by Revenue - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 219,786	$ 271,518	$ 322,006
Systems [Member]
Disaggregation of Revenue [Line Items]
Revenue	48,998	119,073	181,445
Ink and consumables [Member]
Disaggregation of Revenue [Line Items]
Revenue	112,047	103,429	101,192
Service - spare parts [Member]
Disaggregation of Revenue [Line Items]
Revenue	36,855	28,619	21,936
Service contracts and software subscriptions [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 21,886	$ 20,397	$ 17,433

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

+ References

+ Details

Taxes on Income (Details) - Schedule of Unrecognized Tax Benefits - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Schedule of Unrecognized Tax Benefits [Abstract]

Beginning of year

$ 394

^[1]

$ 1,034

174

312

Reductions for tax positions of prior years

(952)

Balance at December 31

^[1]

$ 568

$ 394

[1]	As of December 31, 2023, and 2022, unrecognized tax benefits in an amount of $256 and $130, respectively, were presented as a reduction from deferred taxes.

Inventories, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Inventories, Net [Abstract]
Inventory delivered to customers	$ 367	$ 405

Taxes on Income (Details) - Schedule of Income (Loss) Before Income Taxes - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Income (Loss) Before Income Taxes [Abstract]
Domestic	$ (62,734)	$ (58,085)	$ 10,334
Foreign	(647)	1,585	5,058
Income (loss) before income taxes	$ (63,381)	$ (56,500)	$ 15,392

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(11))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 25
-Paragraph 1
-SubTopic 20
-Topic 940
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481913/940-20-25-1

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

Marketable Securities (Details) - Schedule of Investments with Continuous Unrealized Losses - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule of Investments with Continuous Unrealized Losses [Line Items]
Less than 12 months, Fair value	$ 13,456	$ 150,137
Less than 12 months, Unrealized losses	(73)	(7,983)
More than 12 months, Fair value	234,748	111,938
More than 12 months, Unrealized losses	(8,809)	(9,453)
Fair value	248,204	262,075
Unrealized losses	(8,882)	(17,436)
Corporate debentures [Member]
Schedule of Investments with Continuous Unrealized Losses [Line Items]
Less than 12 months, Fair value	13,456	143,402
Less than 12 months, Unrealized losses	(73)	(7,666)
More than 12 months, Fair value	226,925	103,890
More than 12 months, Unrealized losses	(8,523)	(9,083)
Fair value	240,381	247,292
Unrealized losses	(8,596)	(16,749)
Government debentures [Member]
Schedule of Investments with Continuous Unrealized Losses [Line Items]
Less than 12 months, Fair value		6,735
Less than 12 months, Unrealized losses		(317)
More than 12 months, Fair value	7,823	8,048
More than 12 months, Unrealized losses	(286)	(370)
Fair value	7,823	14,783
Unrealized losses	$ (286)	$ (687)

Tesoma Gmbh Acquisition

12 Months Ended

Dec. 31, 2023

Tesoma Gmbh Acquisition [Abstract]

TESOMA GMBH ACQUISITION

NOTE 3:-

TESOMA GMBH ACQUISITION

On April 5, 2022, the Company, through its wholly owned subsidiary Kornit Digital Technologies, acquired all of the outstanding shares of Tesoma GmbH, a German manufacturer of continuous dryers and oven systems. Under the related acquisition agreement, the total consideration was $15,443. In addition, the Company incurred acquisition-related costs in a total amount of $512. Acquisition-related costs include legal, accounting, consulting fees and other external costs directly related to the acquisition. These transaction costs were included in general and administrative expenses in the consolidated statements of operations.

Tesoma generates revenues from several markets, including textile, mechanical engineering and automotive. The Company believes this acquisition will accelerate its value proposition for fulfillers in the area of dryers for the textile industry.

The Tesoma acquisition was accounted for as a business combination in accordance with Accounting Standards Codification (“ASC”) 805 “Business Combinations”. ASC 805 requires recognition of assets acquired, liabilities assumed, and any non-controlling interest at the acquisition date, measured at their fair values as of that date. The excess of the fair value of the purchase price over the fair values of the identifiable assets and liabilities is recorded as goodwill. Such valuations require management to make significant estimates and assumptions, especially with respect to intangible assets.

Acquisition related costs are expensed to the statement of operations in the period incurred.

The following table summarizes the purchase price allocation of Tesoma acquisition:

	Fair value			Amortization period (years)
Tangible assets (liabilities):
Cash	$	789
Accounts receivable and other receivables		1,672
Inventory		3,991
Property and equipment		6,194
Other assets		343
Advances from customers		(1,726	)
Trade payables		(466	)
Provisions and other liabilities		(717	)
Deferred tax liabilities, net		(855	)
Net assets		9,225

Intangible assets:
Customer Relationship		1,213			5.8
Technology		856			2.4
Backlog		432			0.5
Goodwill		3,717			Infinite
Total purchase price	$	15,443

Goodwill is primarily attributable to expected synergies arising from technology integration and expanded product availability to the Company’s existing and new customers. Goodwill is not deductible for income tax purposes.

Pro-forma results of operations related to this acquisition have not been prepared because they are not material to the Company’s consolidated statements of operations.

Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2023

Intangible Assets, Net [Abstract]

Schedule of Intangible Assets

Intangible assets are comprised of the following:

	December 31,				Weighted average remaining term
	2023		2022
Original amount:
Acquired technology	$	10,534	$	10,534		3.4
License		1,000		1,000		0.6
Customer relationships		4,717		4,717		0.5
Non-competition agreement		974		974		-
Software development costs		1,320		1,320		-
Distribution rights		688		688		0.2

		19,233		19,233
Accumulated amortization:
Acquired technology		4,856		3,276
License		282		165
Customer relationships		3,816		3,534
Non-competition agreement		974		833
Software development costs		1,320		1,285
Distribution rights		338		250

		11,586		9,343

Intangible assets, net	$	7,647	$	9,890

Schedule of Future Amortization Expenses

Amortization expenses for future periods are as shown below:

Years ending December 31,	Amount

2024	$	1,923
2025		1,539
2026		1,538
2027		1,537
2028		1,110
	$	7,647

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Measurements [Abstract]

Schedule of Assets and Liabilities that were measured at Fair Value

The table below sets forth the Company’s assets and liabilities that were measured at fair value as of December 31, 2023 and 2022 by level within the fair value hierarchy.

	December 31, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	39,605		-		-	$	39,605
Short-term bank deposits		235,600		-		-		235,600
Marketable securities		-	$	280,495		-		280,495
Foreign currency derivative contracts		-		595				595

Total financial assets	$	275,205	$	281,090	$	-	$	556,295

	December 31, 2022
	Level 1		Level 2			Level 3		Total
Assets:
Cash and cash equivalents	$	104,597	$	-		$	-	$	104,597
Short-term bank deposits		275,033		-			-		275,033
Marketable securities		-		266,350			-		266,350

Total financial assets	$	379,630	$	266,350		$	-	$	645,980
Liabilities:
Foreign currency derivative contracts		-	$	(1,000	)		-	$	(1,000	)

Significant Accounting Policies (Details) - Schedule of Remaining Performance Obligations $ in Thousands	Dec. 31, 2023 USD ($)
2024 [Member]
Schedule of Remaining Performance Obligations [Line Items]
Service contracts and software subscriptions	$ 2,885
2025 [Member]
Schedule of Remaining Performance Obligations [Line Items]
Service contracts and software subscriptions	97
2026 and thereafter [Member]
Schedule of Remaining Performance Obligations [Line Items]
Service contracts and software subscriptions	$ 18

Property, Plant and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment, Net [Abstract]

Schedule of Property, Plant and Equipment

	December 31,
	2023			2022
Cost:

Computer and peripheral equipment	$	10,706		$	10,629
Office furniture and equipment		6,200			4,988
Machinery and equipment		37,614			37,702
Leasehold improvements		24,946			21,373
Building and land		20,091			19,947

		99,557			94,639

Accumulated depreciation		(48,652	)		(34,176	)

Property, plant and equipment, net	$	50,905		$	60,463

Accrued Expenses and Current Liabilities

12 Months Ended

Dec. 31, 2023

Accrued Expenses and Current Liabilities [Abstract]

ACCRUED EXPENSES AND CURRENT LIABILITIES

NOTE 9:-

ACCRUED EXPENSES AND CURRENT LIABILITIES

	December 31,
	2023		2022

Accrued expenses	$	17,738	$	17,993
Government authorities		3,646		4,984
Warranty provision		1,264		1,531
Provision for returns		1,166		1,084
	$	23,814	$	25,592

Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment, Net [Line Items]
Depreciation expenses	$ 14,852	$ 10,583	$ 5,252
Restructuring [Member]
Property, Plant and Equipment, Net [Line Items]
Depreciation expenses	$ 2,395

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (64,351)	$ (79,065)	$ 15,527
Available-for-sale securities:
Changes in unrealized gains (losses), net of tax	8,686	(16,912)	(2,423)
Losses (gains) reclassified into net income (loss), net of tax	134	10	(32)
Net change	8,820	(16,902)	(2,455)
Cash flow hedges:
Changes in unrealized gains (losses), net of tax	(1,480)	(3,450)	415
Losses (gains) reclassified into net income (loss), net of tax	2,874	2,357	(122)
Net change	1,394	(1,093)	293
Total other comprehensive income (loss), net of tax	10,214	(17,995)	(2,162)
Comprehensive income (loss)	$ (54,137)	$ (97,060)	$ 13,365

Inventories, Net (Details) - Schedule of Inventories - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Schedule of Inventories [Abstract]

Raw materials and components

$ 28,331

$ 47,737

Finished goods

^[1]

39,381

41,678

Inventories, total

$ 67,712

$ 89,415

[1]	Includes amounts of $367 and $405 as of December 31, 2023 and 2022, respectively, with respect to inventory delivered to customers for which revenue was not yet recognized.

Financial Income, Net (Tables)

12 Months Ended

Dec. 31, 2023

Financial Income, Net [Abstract]

Schedule of Financial Income, Net

Financial income, net:

	Year Ended December 31,
	2023			2022			2021
Financial income:

Interest on bank deposits and other interest income	$	20,246		$	6,586		$	2,129
Exchange rate differences, net		-			2,426			-
Realized gain on sale of marketable securities, net		-			-			32
Interest on marketable securities		7,343			6,465			3,243

		27,589			15,477			5,404
Financial expenses:

Bank charges		(236	)		(265	)		(286	)
Exchange rate differences, net		(2,315	)		-			(1,240	)
Realized loss on sale of marketable securities, net		(134	)		(10	)		-
Amortization of premium and accretion of discount on marketable securities, net		(754	)		(1,820	)		(1,279	)

		(3,439	)		(2,095	)		(2,805	)

Total financial income, net:	$	24,150		$	13,382		$	2,599

Marketable Securities (Tables)

12 Months Ended

Dec. 31, 2023

Marketable Securities [Abstract]

Schedule of Marketable Securities

The following is a summary of marketable securities held as of December 31, 2023 and 2022:

	December 31, 2023
	Amortized cost		Gross unrealized gain		Gross unrealized loss			Fair value
Matures within one year:
Corporate debentures	$	58,319	$	4	$	(1,031	)	$	57,292
Government debentures		-		-		-			-

		58,319		4		(1,031	)		57,292
Matures after one through four years:
Corporate debentures		222,766		179		(7,565	)		215,380
Government debentures		8,109		-		(286	)		7,823

		230,875		179		(7,851	)		223,203

Total	$	289,194	$	183	$	(8,882	)	$	280,495

	December 31, 2022
	Amortized cost		Gross unrealized gain		Gross unrealized loss			Fair value
Matures within one year:
Corporate debentures	$	13,394	$	-	$	(176	)	$	13,218
Government debentures		7,356		-		(194	)		7,162

		20,750		-		(370	)		20,380
Matures after one through four years:
Corporate debentures		254,909		12		(16,573	)		238,348
Government debentures		8,115		-		(493	)		7,622

		263,024		12		(17,066	)		245,970

Total	$	283,774	$	12	$	(17,436	)	$	266,350

Schedule of Investments with Continuous Unrealized Losses

Investments with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values, were as follows as of December 31, 2023 and 2022:

	December 31, 2023
	Less than 12 months					More than 12 months					Total
	Fair Value		Unrealized Losses			Fair value		Unrealized losses			Fair value		Unrealized losses

Corporate debentures	$	13,456	$	(73	)	$	226,925	$	(8,523	)	$	240,381	$	(8,596	)
Government debentures		-		-			7,823		(286	)		7,823		(286	)

Total	$	13,456	$	(73	)	$	234,748	$	(8,809	)	$	248,204	$	(8,882	)

	December 31, 2022
	Less than 12 months					More than 12 months					Total
	Fair value		Unrealized Losses			Fair value		Unrealized losses			Fair value		Unrealized losses

Corporate debentures	$	143,402	$	(7,666	)	$	103,890	$	(9,083	)	$	247,292	$	(16,749	)
Government debentures		6,735		(317	)		8,048		(370	)		14,783		(687	)

Total	$	150,137	$	(7,983	)	$	111,938	$	(9,453	)	$	262,075	$	(17,436	)

Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Significant Accounting Policies [Abstract]

Schedule of Property and Equipment on Straight-Line Basis Over Useful Life of Assets

	%
Office furniture and equipment		7 - 20
Computer and peripheral equipment		33
Machinery and equipment		7 - 33
Leasehold improvements		(*)
Building and land		(**)

(*)

(**)

Schedule of Revenue Disaggregated by Revenue

Revenue disaggregated by revenue source consists of the following:

	Year Ended December 31,
	2023		2022		2021

Systems	$	48,998	$	119,073	$	181,445
Ink and consumables		112,047		103,429		101,192
Service - spare parts		36,855		28,619		21,936
Service contracts and software subscriptions		21,886		20,397		17,433
Total revenue	$	219,786	$	271,518	$	322,006

Schedule of Revenue Disaggregated by Geography Based on Customer Location

The following table presents revenue disaggregated by geography based on customer location:

	Year Ended December 31,
	2023		2022		2021

U.S.	$	123,550	$	138,515	$	211,294
EMEA		60,706		93,243		78,686
Asia Pacific		22,006		24,396		23,341
Other		13,524		15,364		8,685
Total revenue	$	219,786	$	271,518	$	322,006

Schedule of Remaining Performance Obligations

The following table represents the remaining performance obligations as of December 31, 2023, which are expected to be satisfied and recognized in future periods:

	2024		2025		2026 and thereafter

Service contracts and software subscriptions	$	2,885	$	97	$	18

Schedule of Changes in Liability for Product Warranty

The following are the changes in the liability for product warranty from January 1, 2022 to December 31, 2023:

Balance at January 1, 2022	$	4,612

Additions and adjustments to cost of revenues		2,946
Reduction for payments and costs to satisfy claims		(5,640	)
Balance at December 31, 2022	$	1,918

Additions and adjustments to cost of revenues		2,492
Reduction for payments and costs to satisfy claims		(3,087	)
Balance at December 31, 2023	$	1,323

Schedule of Fair Value Method for Stock Options Awards

	Year ended December 31,
	2023		2022		2021

Suboptimal exercise multiple		2.8		2.8		2.5
Risk free interest rate		4.26%-4.30%		3.02%-4.09%		0.09%-1.36%
Volatility		57.75%-60.75%		58.67%-69.13%		42.57%-58.49%
Dividend yield		0%		0%		0%

Schedule of Notional Amounts of Outstanding Derivative Positions

The following table summarizes the notional amounts for hedged items:

	December 31,
	2023		2022

Designated cash flow hedges	$	12,284	$	38,465
Non-designated hedges		-		491
	$	12,284	$	38,956

Schedule of Expense (Income) from Derivatives Instruments

The following table sets forth the expense (income) from derivatives instruments included in the consolidated statements of operations and reclassified from other comprehensive income:

	Year ended December 31,
	2023		2022		2021

Cost of revenues	$	814	$	674	$	(33	)
Research and development		1,144		1,029		(48	)
Sales and marketing		368		365		(21	)
General and administrative		548		481		(31	)

Schedule of Restructuring Charges

A summary of the restructuring charges for the year ended December 31, 2023 and 2022 by major activity type is as follows:

	December 31, 2023
	Employee termination costs		Write-off		Others		Total

Cost of product revenues	$	147	$	5,510	$	-	$	5,657
Cost of service revenues		433		5,499		-		5,932
Research and development		283		598		-		881
Sales and marketing		719		-		2,211		2,930
General and administrative		597		3,378		-		3,975
	$	2,179	$	14,985	$	2,211	$	19,375

	December 31, 2022
	Employee termination costs		Others		Total

Cost of product revenues	$	347	$	342	$	689
Cost of service revenues		12		-		12
Research and development		201		-		201
Sales and marketing		675		-		675
General and administrative		74		42		116
	$	1,309	$	384	$	1,693

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income (loss)	$ (64,351)	$ (79,065)	$ 15,527
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	14,700	13,565	7,096
Restructuring and other charges	19,080	708
Fair value of warrants deducted from revenues	13,842	22,500	25,423
Share based compensation	22,589	22,649	15,133
Amortization of premium and accretion of discount on marketable securities, net	756	1,820	1,279
Realized loss (gain) on sale of marketable securities	134	10	(32)
Change in operating assets and liabilities:
Trade receivables, net	(19,220)	(15,891)	1,782
Inventories, net	11,028	(29,004)	(14,079)
Deposits and other long-term assets	(2,282)	(4,251)	(110)
Prepaid expenses and other current assets	(6,492)	(8,635)	(4,134)
Deferred taxes	(544)	8,530	(2,064)
Operating lease right-of-use assets and liabilities, net	(179)	(2,918)	211
Trade payables	(6,491)	(26,948)	12,865
Employees and payroll accruals	(1,089)	(7,674)	9,698
Deferred revenues and customers’ advances	(4,990)	(1,426)	(21,668)
Accrued expenses and other current liabilities	(10,547)	6,482	5,648
Accrued severance pay, net	(152)	(237)	309
Other non-current liabilities	(474)	13	760
Loss from sale and disposal of property, plant and equipment		425
Net cash provided by (used in) operating activities	(34,682)	(99,347)	53,644
Cash flows from investing activities:
Purchase of property, plant and equipment	(7,006)	(18,042)	(14,477)
Acquisition of intangible assets and capitalization of software development costs		(308)	(130)
Proceeds from sale of property, plant and equipment		71
Investment in equity securities		(820)	(351)
Cash paid in connection with acquisition, net of cash acquired		(14,654)	(14,991)
Proceeds from (investment in) short-term bank deposits, net	39,433	(265,865)	215,636
Proceeds from sale of marketable securities	7,240	1,945	1,000
Proceeds from maturity of marketable securities	20,522	27,898	13,526
Investment in marketable securities	(33,977)	(137,500)	(110,458)
Net cash provided by (used in) investing activities	26,212	(407,275)	89,755
Cash flows from financing activities:
Proceeds from public offering, net of issuance costs			339,760
Exercise of employee stock options	293	619	4,850
Payment of withholding taxes related to exercise of share-based awards	(1,045)	(951)	(2,235)
Repurchase of ordinary shares	(55,770)
Net cash provided by (used in) financing activities	(56,522)	(332)	342,375
Increase (decrease) in cash and cash equivalents	(64,992)	(506,954)	485,774
Cash and cash equivalents at the beginning of the period	104,597	611,551	125,777
Cash and cash equivalents at the end of the period	39,605	104,597	611,551
Supplemental disclosure of cash flow information
Cash paid during the year for income taxes	1,947	13,171	435
Non-cash investing and financing activities:
Purchase of property, plant and equipment	314	1,692	2,461
Inventory transferred to be used as property, plant and equipment	531	6,792	3,572
Property, plant and equipment transferred to be used as inventory	865
Right-of-use asset recognized with corresponding lease liability	$ 2,934	$ 7,585	$ 5,688

Property, Plant and Equipment, Net (Details) - Schedule of Property, Plant and Equipment - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 99,557	$ 94,639
Accumulated depreciation	(48,652)	(34,176)
Property, plant and equipment, net	50,905	60,463
Computer and peripheral equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	10,706	10,629
Office furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	6,200	4,988
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	37,614	37,702
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	24,946	21,373
Building and land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 20,091	$ 19,947

Tesoma Gmbh Acquisition (Tables)

12 Months Ended

Dec. 31, 2023

Tesoma Gmbh Acquisition [Abstract]

Schedule of Purchase Price Allocation

The following table summarizes the purchase price allocation of Tesoma acquisition:

	Fair value			Amortization period (years)
Tangible assets (liabilities):
Cash	$	789
Accounts receivable and other receivables		1,672
Inventory		3,991
Property and equipment		6,194
Other assets		343
Advances from customers		(1,726	)
Trade payables		(466	)
Provisions and other liabilities		(717	)
Deferred tax liabilities, net		(855	)
Net assets		9,225

Intangible assets:
Customer Relationship		1,213			5.8
Technology		856			2.4
Backlog		432			0.5
Goodwill		3,717			Infinite
Total purchase price	$	15,443

Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2023

Accumulated Other Comprehensive Income (Loss) [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 13:-

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes in accumulated balances of other comprehensive income (loss), net of taxes, for the year ended December 31, 2023:

	Unrealized Gains (losses) on marketable securities			Unrealized Gains (losses) on cash flow hedges			Foreign currency translation adjustment		Total

Beginning balance	$	(17,424	)	$	(800	)	$	800	$	(17,424	)
Other comprehensive income before reclassifications		8,686			(1,480	)		-		7,206
Amounts reclassified from accumulated other comprehensive income		134			2,874			-		3,008

Net current period other comprehensive income		8,820			1,394			-		10,214

Ending Balance	$	(8,604	)	$	594		$	800	$	(7,210	)

Earnings (Losses) Per Share

12 Months Ended

Dec. 31, 2023

Earnings (Losses) Per Share [Abstract]

EARNINGS (LOSSES) PER SHARE

NOTE 12:-

EARNINGS (LOSSES) PER SHARE

The following table sets forth the computation of basic and diluted earnings (losses) per share:

	Year Ended December 31,
	2023			2022			2021
Numerator for basic and diluted earnings (losses) per share:

Net income (loss)	$	(64,351	)	$	(79,065	)	$	15,527

Weighted average ordinary shares outstanding:

Denominator for basic earnings (losses) per share		49,160,266			49,791,659			47,079,358
Effect of dilutive securities:
Employee share options, RSUs, PSUs and Warrants		-			-			1,520,737

Denominator for diluted earnings (losses) per share		49,160,266			49,791,659			48,600,095

Basic earnings (losses) per share	$	(1.31	)	$	(1.59	)	$	0.33

Diluted earnings (losses) per share	$	(1.31	)	$	(1.59	)	$	0.32

Accumulated Other Comprehensive Income (Loss) (Details) - Schedule of Accumulated Balances Other Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Accumulated Balances Other Comprehensive Income (Loss) [Line Items]
Balance	$ (17,424)
Other comprehensive income before reclassifications	7,206
Amounts reclassified from accumulated other comprehensive income	3,008
Total other comprehensive income (loss), net of tax	10,214	$ (17,995)	$ (2,162)
Balance	(7,210)	(17,424)
Unrealized Gains (losses) on marketable securities [Member]
Schedule of Accumulated Balances Other Comprehensive Income (Loss) [Line Items]
Balance	(17,424)
Other comprehensive income before reclassifications	8,686
Amounts reclassified from accumulated other comprehensive income	134
Total other comprehensive income (loss), net of tax	8,820
Balance	(8,604)	(17,424)
Unrealized Gains (losses) on cash flow hedges [Member]
Schedule of Accumulated Balances Other Comprehensive Income (Loss) [Line Items]
Balance	(800)
Other comprehensive income before reclassifications	(1,480)
Amounts reclassified from accumulated other comprehensive income	2,874
Total other comprehensive income (loss), net of tax	1,394
Balance	594	(800)
Foreign currency translation adjustment [Member]
Schedule of Accumulated Balances Other Comprehensive Income (Loss) [Line Items]
Balance	800
Other comprehensive income before reclassifications
Amounts reclassified from accumulated other comprehensive income
Total other comprehensive income (loss), net of tax
Balance	$ 800	$ 800

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.

+ References + Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

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+ Details

Shareholders' Equity (Details) - Schedule of Share Based Compensation Expense - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Share Based Compensation Expense [Line Items]
Share-based compensation expense	$ 22,589	$ 22,649	$ 15,133
Cost of services [Member] \| Cost of products [Member]
Schedule of Share Based Compensation Expense [Line Items]
Share-based compensation expense	2,356	2,185	1,355
Cost of services [Member] \| Cost of services [Member]
Schedule of Share Based Compensation Expense [Line Items]
Share-based compensation expense	1,758	1,676	1,105
Research and development, net [Member]
Schedule of Share Based Compensation Expense [Line Items]
Share-based compensation expense	5,759	5,312	2,685
Sales and marketing [Member]
Schedule of Share Based Compensation Expense [Line Items]
Share-based compensation expense	6,689	7,361	5,004
General and administrative [Member]
Schedule of Share Based Compensation Expense [Line Items]
Share-based compensation expense	$ 6,027	$ 6,115	$ 4,984

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Taxes on Income (Details) - Schedule of Deferred Tax Liabilities and Assets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Carryforward tax losses	$ 13,733	$ 9,494
Share-based compensation expenses	2,697	1,853
Research and development carryforward expenses	3,329	3,605
Allowance and other reserves	7,812	6,672
Operating lease liabilities	3,340	2,622
Total gross deferred tax assets	30,911	24,246
Less, Valuation Allowance	(26,326)	(19,735)
Total deferred tax assets	4,585	4,511
Deferred tax liabilities:
Operating lease ROU assets	(3,184)	(2,690)
Intangible assets	(1,253)	(1,539)
Others	(148)	(826)
Total gross deferred tax liabilities	(4,585)	(5,055)
Net deferred tax assets (liabilities)		$ (544)

Shareholders' Equity (Details) - Schedule of Share Option Activity $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares
Schedule of Share Option Activity [Abstract]
Number of shares upon exercise, Outstanding, Beginning balance \| shares	668,322
Weighted average exercise price Outstanding, Beginning balance \| $ / shares	$ 52.66
Weighted- average remaining contractual term (in years), Outstanding, Beginning balance	6 years 8 months 4 days
Aggregate intrinsic value Outstanding, Beginning balance \| $	$ 2,310
Number of shares upon exercise, Granted \| shares	48,525
Weighted average exercise price, Granted \| $ / shares	$ 23
Number of shares upon exercise, Exercised \| shares	(29,108)
Weighted average exercise price, Exercised \| $ / shares	$ 15.07
Aggregate intrinsic value, Exercised \| $	$ 163
Number of shares upon exercise, Forfeited \| shares	(56,064)
Weighted average exercise price, Forfeited \| $ / shares	$ 83.77
Number of shares upon exercise, Outstanding, Ending balance \| shares	631,675
Weighted average exercise price, Outstanding, Ending balance \| $ / shares	$ 49.32
Weighted- average remaining contractual term (in years), Outstanding, Ending balance	5 years 9 months 29 days
Aggregate intrinsic value, Outstanding, Ending balance \| $	$ 1,039
Number of shares upon exercise, Exercisable \| shares	432,794
Weighted average exercise price, Exercisable \| $ / shares	$ 38.99
Weighted- average remaining contractual term (in years), Exercisable	4 years 6 months 25 days
Aggregate intrinsic value, Exercisable \| $	$ 1,039

Document And Entity Information	12 Months Ended
Document And Entity Information	Dec. 31, 2023 shares
Document Information Line Items
Entity Registrant Name	KORNIT DIGITAL LTD.
Trading Symbol	KRNT
Document Type	20-F
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	47,719,633
Amendment Flag	false
Entity Central Index Key	0001625791
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Well-known Seasoned Issuer	Yes
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	true
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-36903
Entity Incorporation, State or Country Code	L3
Entity Address, Address Line One	12 Ha’Amal St.
Entity Address, City or Town	Rosh-Ha’Ayin
Entity Address, Postal Zip Code	4809246
Entity Address, Country	IL
Title of 12(b) Security	Ordinary shares, par value NIS 0.01 per share
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Document Financial Statement Error Correction [Flag]	false
Document Accounting Standard	U.S. GAAP
Auditor Firm ID	1281
Auditor Name	KOST FORER GABBAY & KASIERER
Auditor Location	Tel-Aviv, Israel
Business Contact
Document Information Line Items
Entity Address, Address Line One	12 Ha’Amal St.
Entity Address, City or Town	Rosh-Ha’Ayin
Entity Address, Postal Zip Code	4809246
Entity Address, Country	IL
Contact Personnel Name	Lauri Hanover
City Area Code	+972
Local Phone Number	3 908-5800
Contact Personnel Fax Number	+972 3 908-0280

Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Lease Expense

The components of lease expenses for the years ended December 31, 2023, 2022 and 2021 were as follows:

	Year ended December 31,
	2023		2022		2021

Operating lease	$	5,566	$	6,126	$	5,085
Short-term lease		80		297		264

Total lease expense	$	5,646	$	6,423	$	5,349

Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of December 31, 2023 were as follows:


2024	$	5,209
2025		4,660
2026		3,080
2027		2,844
2028		2,646
Thereafter		8,964

Total operating lease payments	$	27,403

Less - imputed interest		(3,797	)

Present value of future lease payments	$	23,606

Consolidated Balance Sheets (Parentheticals) $ in Thousands	Dec. 31, 2023 USD ($) shares	Dec. 31, 2023 ₪ / shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2022 ₪ / shares
Statement of Financial Position [Abstract]
Trade receivables, allowances (in Dollars) \| $	$ 5,227		$ 738
Ordinary shares, par value (in New Shekels per share) \| ₪ / shares		₪ 0.01		₪ 0.01
Ordinary shares, shares authorized	200,000,000		200,000,000
Ordinary shares, shares issued	50,371,684		49,953,615
Ordinary shares, shares outstanding	47,719,633		49,953,615
Treasury shares at cost	2,652,051

Significant Accounting Policies (Details) - Schedule of Property and Equipment on Straight-Line Basis Over Useful Life of Assets

Dec. 31, 2023

Office furniture and equipment [Member] | Minimum [Member]

Schedule of Property and Equipment on Straight-Line Basis Over Useful Life of Assets [Line Items]

Property and equipment useful life of assets at annual rates

7.00%

Office furniture and equipment [Member] | Maximum [Member]

Schedule of Property and Equipment on Straight-Line Basis Over Useful Life of Assets [Line Items]

Property and equipment useful life of assets at annual rates

20.00%

Computer and peripheral equipment [Member]

Schedule of Property and Equipment on Straight-Line Basis Over Useful Life of Assets [Line Items]

Property and equipment useful life of assets at annual rates

33.00%

Machinery and equipment [Member] | Minimum [Member]

Schedule of Property and Equipment on Straight-Line Basis Over Useful Life of Assets [Line Items]

Property and equipment useful life of assets at annual rates

7.00%

Machinery and equipment [Member] | Maximum [Member]

Schedule of Property and Equipment on Straight-Line Basis Over Useful Life of Assets [Line Items]

Property and equipment useful life of assets at annual rates

33.00%

Leasehold Improvements [Member]

Schedule of Property and Equipment on Straight-Line Basis Over Useful Life of Assets [Line Items]

Property and equipment useful life of assets at annual rates

^[1]

Building and land [Member]

Schedule of Property and Equipment on Straight-Line Basis Over Useful Life of Assets [Line Items]

Property and equipment useful life of assets at annual rates

^[2]

[1]	Leasehold improvements are amortized on a straight-line basis over the shorter of the lease term (including the extension option held by the Company and intended to be exercised) and the expected life of the improvement.
[2]	Building and land consist of land and an ink manufacturing plant. In September 2018, the Company purchased the land which includes long-term leasehold rights, with a lease term of 49 years, which may be renewed for an additional 49 years. The manufacturing plant useful life is 25 years.

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues
Revenues	$ 219,786	$ 271,518	$ 322,006
Cost of revenues
Cost of revenues	152,829	175,018	170,095
Gross profit	66,957	96,500	151,911
Operating expenses
Research and development, net	50,060	56,026	43,729
Sales and marketing	66,836	71,067	58,752
General and administrative	37,592	39,289	36,637
Total operating expenses	154,488	166,382	139,118
Operating income (loss)	(87,531)	(69,882)	12,793
Financial income, net	24,150	13,382	2,599
Income (loss) before income taxes (tax benefit)	(63,381)	(56,500)	15,392
Taxes on income (tax benefit)	970	22,565	(135)
Net income (loss)	$ (64,351)	$ (79,065)	$ 15,527
Basic earnings (losses) per ordinary share (in Dollars per share)	$ (1.31)	$ (1.59)	$ 0.33
Diluted earnings (losses) per ordinary share (in Dollars per share)	$ (1.31)	$ (1.59)	$ 0.32
Products
Revenues
Revenues	$ 161,045	$ 222,502	$ 282,637
Cost of revenues
Cost of revenues	91,516	125,935	132,730
Services
Revenues
Revenues	58,741	49,016	39,369
Cost of revenues
Cost of revenues	$ 61,313	$ 49,083	$ 37,365

Leases (Details) - USD ($) $ in Thousands	12 Months Ended
Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases [Line Items]
Operating lease liabilities	$ 5,742	$ 6,282	$ 5,490
Leases, description	Some of these agreements include allowances, such as the Company’s option to extend the leases for additional terms of up to five years.
Weighted average remaining lease term	7 years 9 months 18 days	6 years 10 months 24 days
Weighted average discount rate	3.40%	2.60%
Impairment loss	$ 1,118
Minimum [Member]
Leases [Line Items]
Remaining lease terms	1 year
Maximum [Member]
Leases [Line Items]
Remaining lease terms	5 years

Geographic Information (Details) - Schedule of Major Customers’ Data as A Percentage - Customer Concentration Risk [Member]	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue Benchmark [Member] \| Customer A [Member]
Schedule of Major Customers’ Data as A Percentage [Line Items]
Concentration risk percentage	20.00%	27.00%	27.00%
Revenue Benchmark [Member] \| Customer B [Member]
Schedule of Major Customers’ Data as A Percentage [Line Items]
Concentration risk percentage	7.00%	2.00%	12.00%
Trade Receivables [Member] \| Customer A [Member]
Schedule of Major Customers’ Data as A Percentage [Line Items]
Concentration risk percentage	16.00%
Trade Receivables [Member] \| Customer B [Member]
Schedule of Major Customers’ Data as A Percentage [Line Items]
Concentration risk percentage	13.00%
Trade Receivables [Member] \| Customer C [Member]
Schedule of Major Customers’ Data as A Percentage [Line Items]
Concentration risk percentage		12.00%

Significant Accounting Policies (Details) - Schedule of Notional Amounts of Outstanding Derivative Positions - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Significant Accounting Policies (Details) - Schedule of Notional Amounts of Outstanding Derivative Positions [Line Items]
Notional Amounts	$ 12,284	$ 38,956
Designated cash flow hedges [Member]
Significant Accounting Policies (Details) - Schedule of Notional Amounts of Outstanding Derivative Positions [Line Items]
Notional Amounts	12,284	38,465
Non-designated hedges [Member]
Significant Accounting Policies (Details) - Schedule of Notional Amounts of Outstanding Derivative Positions [Line Items]
Notional Amounts		$ 491

Earnings (Losses) Per Share (Details) - Schedule of Basic and Diluted Earnings (Losses) Per Share - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Numerator for basic and diluted earnings (losses) per share:
Net income (loss) (in Dollars)	$ (64,351)	$ (79,065)	$ 15,527
Weighted average ordinary shares outstanding:
Denominator for basic earnings (losses) per share	49,160,266	49,791,659	47,079,358
Effect of dilutive securities:
Employee share options, RSUs, PSUs and Warrants			1,520,737
Denominator for diluted earnings (losses) per share	49,160,266	49,791,659	48,600,095
Basic earnings (losses) per share (in Dollars per share)	$ (1.31)	$ (1.59)	$ 0.33
Diluted earnings (losses) per share (in Dollars per share)	$ (1.31)	$ (1.59)	$ 0.32

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B

Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

Marketable Securities

12 Months Ended

Dec. 31, 2023

Marketable Securities [Abstract]

MARKETABLE SECURITIES

NOTE 4:-

MARKETABLE SECURITIES

The following is a summary of marketable securities held as of December 31, 2023 and 2022:

	December 31, 2023
	Amortized cost		Gross unrealized gain		Gross unrealized loss			Fair value
Matures within one year:
Corporate debentures	$	58,319	$	4	$	(1,031	)	$	57,292
Government debentures		-		-		-			-

		58,319		4		(1,031	)		57,292
Matures after one through four years:
Corporate debentures		222,766		179		(7,565	)		215,380
Government debentures		8,109		-		(286	)		7,823

		230,875		179		(7,851	)		223,203

Total	$	289,194	$	183	$	(8,882	)	$	280,495

	December 31, 2022
	Amortized cost		Gross unrealized gain		Gross unrealized loss			Fair value
Matures within one year:
Corporate debentures	$	13,394	$	-	$	(176	)	$	13,218
Government debentures		7,356		-		(194	)		7,162

		20,750		-		(370	)		20,380
Matures after one through four years:
Corporate debentures		254,909		12		(16,573	)		238,348
Government debentures		8,115		-		(493	)		7,622

		263,024		12		(17,066	)		245,970

Total	$	283,774	$	12	$	(17,436	)	$	266,350

Investments with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values, were as follows as of December 31, 2023 and 2022:

	December 31, 2023
	Less than 12 months					More than 12 months					Total
	Fair Value		Unrealized Losses			Fair value		Unrealized losses			Fair value		Unrealized losses

Corporate debentures	$	13,456	$	(73	)	$	226,925	$	(8,523	)	$	240,381	$	(8,596	)
Government debentures		-		-			7,823		(286	)		7,823		(286	)

Total	$	13,456	$	(73	)	$	234,748	$	(8,809	)	$	248,204	$	(8,882	)

	December 31, 2022
	Less than 12 months					More than 12 months					Total
	Fair value		Unrealized Losses			Fair value		Unrealized losses			Fair value		Unrealized losses

Corporate debentures	$	143,402	$	(7,666	)	$	103,890	$	(9,083	)	$	247,292	$	(16,749	)
Government debentures		6,735		(317	)		8,048		(370	)		14,783		(687	)

Total	$	150,137	$	(7,983	)	$	111,938	$	(9,453	)	$	262,075	$	(17,436	)

Significant Accounting Policies (Details) - Schedule of Restructuring Charges - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 19,375	$ 1,693
Employee Termination Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2,179	1,309
Write-off [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	14,985
Others [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2,211	384
Cost of Sales [Member] \| Product [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	5,657	689
Cost of Sales [Member] \| Service [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	5,932	12
Cost of Sales [Member] \| Employee Termination Costs [Member] \| Product [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	147	347
Cost of Sales [Member] \| Employee Termination Costs [Member] \| Service [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	433	12
Cost of Sales [Member] \| Write-off [Member] \| Product [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	5,510
Cost of Sales [Member] \| Write-off [Member] \| Service [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	5,499
Cost of Sales [Member] \| Others [Member] \| Product [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		342
Cost of Sales [Member] \| Others [Member] \| Service [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges
Research and development [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	881	201
Research and development [Member] \| Employee Termination Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	283	201
Research and development [Member] \| Write-off [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	598
Research and development [Member] \| Others [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges
Sales and marketing [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2,930	675
Sales and marketing [Member] \| Employee Termination Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	719	675
Sales and marketing [Member] \| Write-off [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges
Sales and marketing [Member] \| Others [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2,211
General and administrative [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	3,975	116
General and administrative [Member] \| Employee Termination Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	597	74
General and administrative [Member] \| Write-off [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	3,378
General and administrative [Member] \| Others [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 42

Commitments and Contingent Liabilities (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Commitments and Contingent Liabilities [Line Items]
Purchase commitments	$ 47,229
Five Bank Guarantees [Member]
Commitments and Contingent Liabilities [Line Items]
Total guarantees amount	$ 848

Financial Income, Net (Details) - Schedule of Financial Income, Net - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financial income:
Interest on bank deposits and other interest income	$ 20,246	$ 6,586	$ 2,129
Exchange rate differences, net		2,426
Realized gain on sale of marketable securities, net			32
Interest on marketable securities	7,343	6,465	3,243
Total financial income	27,589	15,477	5,404
Financial expenses:
Bank charges	(236)	(265)	(286)
Exchange rate differences, net	(2,315)		(1,240)
Realized loss on sale of marketable securities, net	(134)	(10)
Amortization of premium and accretion of discount on marketable securities, net	(754)	(1,820)	(1,279)
Total financial expenses	(3,439)	(2,095)	(2,805)
Total financial income, net:	$ 24,150	$ 13,382	$ 2,599

Intangible Assets, Net

12 Months Ended

Dec. 31, 2023

Intangible Assets, Net [Abstract]

INTANGIBLE ASSETS, NET

NOTE 8:-

INTANGIBLE ASSETS, NET

Intangible assets are comprised of the following:

	December 31,				Weighted average remaining term
	2023		2022
Original amount:
Acquired technology	$	10,534	$	10,534		3.4
License		1,000		1,000		0.6
Customer relationships		4,717		4,717		0.5
Non-competition agreement		974		974		-
Software development costs		1,320		1,320		-
Distribution rights		688		688		0.2

		19,233		19,233
Accumulated amortization:
Acquired technology		4,856		3,276
License		282		165
Customer relationships		3,816		3,534
Non-competition agreement		974		833
Software development costs		1,320		1,285
Distribution rights		338		250

		11,586		9,343

Intangible assets, net	$	7,647	$	9,890

Amortization expenses for the years ended December 31, 2023, 2022 and 2021 were $2,243, $2,982 and $1,850, respectively.

Amortization expenses for future periods are as shown below:

Years ending December 31,	Amount

2024	$	1,923
2025		1,539
2026		1,538
2027		1,537
2028		1,110
	$	7,647

Fair Value Measurements (Details) - Schedule of Assets and Liabilities that were measured at Fair Value - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets:
Cash and cash equivalents	$ 39,605	$ 104,597
Short-term bank deposits	235,600	275,033
Marketable securities	280,495	266,350
Foreign currency derivative contracts	595
Total financial assets	556,295	645,980
Liabilities:
Foreign currency derivative contracts		(1,000)
Level 1 [Member]
Assets:
Cash and cash equivalents	39,605	104,597
Short-term bank deposits	235,600	275,033
Marketable securities
Foreign currency derivative contracts
Total financial assets	275,205	379,630
Liabilities:
Foreign currency derivative contracts
Level 2 [Member]
Assets:
Cash and cash equivalents
Short-term bank deposits
Marketable securities	280,495	266,350
Foreign currency derivative contracts	595
Total financial assets	281,090	266,350
Liabilities:
Foreign currency derivative contracts		(1,000)
Level 3 [Member]
Assets:
Cash and cash equivalents
Short-term bank deposits
Marketable securities
Foreign currency derivative contracts
Total financial assets
Liabilities:
Foreign currency derivative contracts

Intangible Assets, Net (Details) - USD ($) $ in Thousands	12 Months Ended
Intangible Assets, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Intangible Assets, Net [Line Items]
Amortization expenses	$ 2,243	$ 2,982	$ 1,850

Balances and Transactions with Related Parties

12 Months Ended

Dec. 31, 2023

Balances and Transactions with Related Parties [Abstract]

BALANCES AND TRANSACTIONS WITH RELATED PARTIES

NOTE 18:-

BALANCES AND TRANSACTIONS WITH RELATED PARTIES

The Company’s policy is to enter into transactions with related parties on terms that, on the whole, are no less favorable than those available from unaffiliated third parties. Based on the Company’s experience in the business sectors in which it operates and the terms of its transactions with unaffiliated third parties, the Company believes that all of the transactions described below met this policy at the time they occurred.

Accord Insurance Agency Ltd. (“Accord”)

The Company maintains a business relationship with Accord Insurance Agency Ltd., or Accord, a company which is an insurance agency that is owned in part and controlled by the Chairman of the Company’s Board. During the years ended December 31, 2023, 2022 and 2021, the total fees paid to Accord under the policies amounted to $435, $520 and $423, respectively.

Priority Software Ltd. (“Priority”)

Priority is the Company’s ERP solution provider, which is owned, in part by a few of the Company’s Board members. During the years ended December 31, 2023, 2022 and 2021 maintenance fees and additional licenses acquired amounted to $0, $34 and $221, respectively. As of December 31, 2023 and 2022, the Company had trade payables balances due to this related party in the amount of $0.

Tritone Technologies Ltd. (“Tritone”)

On September 13, 2020, the Company entered into a sublease agreement with Tritone Technologies Ltd., whose CEO is Mr. Ofer Ben Zur, a director of the Company, and one of whose shareholders is an equity fund controlled by the Chairman of the Board, for the sublease of 192 square meters in Rosh Ha’Ayin. The term of the related lease was extended until January 30, 2023. The rent under the sublease is $2 per month, in addition to the rent for the related lease that is covered by the sublessee. The sublease agreement is carried out on a “back-to-back” basis, as the Company pays over the rent that it receives directly to its landlord. As of December 31, 2023, and 2022, the Company had trade receivables balances due from this related party in the amounts of $0 and $9, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

Taxes on Income (Details) - Schedule of Effective Income Tax Rate Reconciliation - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Effective Income Tax Rate Reconciliation [Abstract]
Income (loss) before taxes, as reported in the consolidated statements of operations	$ (63,381)	$ (56,500)	$ 15,392
Theoretical tax expense (benefit) at the Israeli statutory tax rate	(14,578)	(12,995)	3,540
Beneficiary enterprise expenses (benefit)	9,724	9,003	(560)
Tax adjustment in respect of different tax rate of foreign subsidiaries	225	639	309
Non-deductible expenses and other permanent differences	143	(289)	(1,808)
Share based compensation	1,004	541	355
Increase (decrease) in other uncertain tax positions, net	174	(639)	(2,037)
Taxes related to prior years (see also note 15b)	(61)	11,471
Losses and timing differences for which valuation allowance was provided	4,819	15,727
Others	(480)	(893)	66
Actual tax expense (benefit)	$ 970	$ 22,565	$ (135)

Earnings (Losses) Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings (Losses) Per Share [Abstract]

Schedule of Basic and Diluted Earnings (Losses) Per Share

The following table sets forth the computation of basic and diluted earnings (losses) per share:

	Year Ended December 31,
	2023			2022			2021
Numerator for basic and diluted earnings (losses) per share:

Net income (loss)	$	(64,351	)	$	(79,065	)	$	15,527

Weighted average ordinary shares outstanding:

Denominator for basic earnings (losses) per share		49,160,266			49,791,659			47,079,358
Effect of dilutive securities:
Employee share options, RSUs, PSUs and Warrants		-			-			1,520,737

Denominator for diluted earnings (losses) per share		49,160,266			49,791,659			48,600,095

Basic earnings (losses) per share	$	(1.31	)	$	(1.59	)	$	0.33

Diluted earnings (losses) per share	$	(1.31	)	$	(1.59	)	$	0.32

Taxes on Income (Details) - Schedule of Taxes on Income (Tax Benefits) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Taxes on Income (Tax Benefits) [Abstract]
Current taxes	$ 1,463	$ 12,619	$ (550)
Deferred taxes	(493)	9,946	415
Taxes on income	970	22,565	(135)
Domestic	(16)	20,400	322
Foreign	986	2,165	(457)
Current taxes	174	11,119	(1,171)
Deferred taxes	(190)	9,281	1,493
Domestic	(16)	20,400	322
Current taxes	1,289	1,500	621
Deferred taxes	(303)	665	(1,078)
Foreign	$ 986	$ 2,165	$ (457)

Fair Value Measurements

12 Months Ended

Dec. 31, 2023

Fair Value Measurements [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 5:-

FAIR VALUE MEASUREMENTS

The table below sets forth the Company’s assets and liabilities that were measured at fair value as of December 31, 2023 and 2022 by level within the fair value hierarchy.

	December 31, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	39,605		-		-	$	39,605
Short-term bank deposits		235,600		-		-		235,600
Marketable securities		-	$	280,495		-		280,495
Foreign currency derivative contracts		-		595				595

Total financial assets	$	275,205	$	281,090	$	-	$	556,295

	December 31, 2022
	Level 1		Level 2			Level 3		Total
Assets:
Cash and cash equivalents	$	104,597	$	-		$	-	$	104,597
Short-term bank deposits		275,033		-			-		275,033
Marketable securities		-		266,350			-		266,350

Total financial assets	$	379,630	$	266,350		$	-	$	645,980
Liabilities:
Foreign currency derivative contracts		-	$	(1,000	)		-	$	(1,000	)

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Inventories, Net

12 Months Ended

Dec. 31, 2023

Inventories, Net [Abstract]

INVENTORIES, NET

NOTE 6:-

INVENTORIES, NET

	December 31,
	2023		2022

Raw materials and components	$	28,331	$	47,737
Finished goods (*)		39,381		41,678

	$	67,712	$	89,415

(*)	Includes amounts of $367 and $405 as of December 31, 2023 and 2022, respectively, with respect to inventory delivered to customers for which revenue was not yet recognized.

Leases

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

LEASES

NOTE 14:-

LEASES

The Company’s leases include offices and warehouses for its facilities worldwide, as well as car leases, which are all classified as operating leases. Certain leases include renewal options that are subject to the Company’s sole discretion. The renewal options were included in the right of use (“ROU”) and liability calculation if it was reasonably certain that the Company will exercise the option.

The components of lease expenses for the years ended December 31, 2023, 2022 and 2021 were as follows:

	Year ended December 31,
	2023		2022		2021

Operating lease	$	5,566	$	6,126	$	5,085
Short-term lease		80		297		264

Total lease expense	$	5,646	$	6,423	$	5,349

Cash paid for amounts included in the measurement of operating lease liabilities was $5,742, $6,282 and $5,490 during the years ended December 31, 2023, 2022 and 2021, respectively.

The Company’s operating lease agreements have remaining lease terms ranging from one to five years. Some of these agreements include allowances, such as the Company’s option to extend the leases for additional terms of up to five years.

As of December 31, 2023 and 2022, the weighted average remaining lease term is approximately 7.8 and 6.9 years, respectively, and the weighted average discount rate is 3.4 and 2.6 percent, respectively. The discount rate was determined based on the estimated collateralized borrowing rate of the Company, adjusted to the specific lease term and location of each lease.

Maturities of operating lease liabilities as of December 31, 2023 were as follows:


2024	$	5,209
2025		4,660
2026		3,080
2027		2,844
2028		2,646
Thereafter		8,964

Total operating lease payments	$	27,403

Less - imputed interest		(3,797	)

Present value of future lease payments	$	23,606

For the year ended December 31, 2023, impairment loss of $1,118 was recorded as result of the Company’s restructuring (see Note 2ac).

Significant Accounting Policies (Details) - Schedule of Fair Value Method for Stock Options Awards - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Fair Value Method for Stock Options Awards [Line Items]
Suboptimal exercise multiple (in Dollars per share)	$ 2.8	$ 2.8	$ 2.5
Risk free interest rate	0.40%
Volatility	52.00%
Dividend yield	0.00%	0.00%	0.00%
Minimum [Member]
Schedule of Fair Value Method for Stock Options Awards [Line Items]
Risk free interest rate	4.26%	3.02%	0.09%
Volatility	57.75%	58.67%	42.57%
Maximum [Member]
Schedule of Fair Value Method for Stock Options Awards [Line Items]
Risk free interest rate	4.30%	4.09%	1.36%
Volatility	60.75%	69.13%	58.49%

Accrued Expenses and Current Liabilities (Details) - Schedule of Accrued Expenses and Current Liabilities - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule of Accrued Expenses and Current Liabilities [Abstract]
Accrued expenses	$ 17,738	$ 17,993
Government authorities	3,646	4,984
Warranty provision	1,264	1,531
Provision for returns	1,166	1,084
Total	$ 23,814	$ 25,592

Financial Income, Net

12 Months Ended

Dec. 31, 2023

Financial Income, Net [Abstract]

FINANCIAL INCOME, NET

NOTE 17:-

FINANCIAL INCOME, NET

Financial income, net:

	Year Ended December 31,
	2023			2022			2021
Financial income:

Interest on bank deposits and other interest income	$	20,246		$	6,586		$	2,129
Exchange rate differences, net		-			2,426			-
Realized gain on sale of marketable securities, net		-			-			32
Interest on marketable securities		7,343			6,465			3,243

		27,589			15,477			5,404
Financial expenses:

Bank charges		(236	)		(265	)		(286	)
Exchange rate differences, net		(2,315	)		-			(1,240	)
Realized loss on sale of marketable securities, net		(134	)		(10	)		-
Amortization of premium and accretion of discount on marketable securities, net		(754	)		(1,820	)		(1,279	)

		(3,439	)		(2,095	)		(2,805	)

Total financial income, net:	$	24,150		$	13,382		$	2,599

Geographic Information (Tables)

12 Months Ended

Dec. 31, 2023

Geographic Information [Abstract]

Schedule of Long-Lived Assets by Geographic Region

The following table presents long-lived assets by geographic region as of December 31, 2023 and 2022:

	December 31,
	2023		2022

U.S.	$	2,560	$	6,202
Israel		58,488		70,722
EMEA		9,449		9,720
Asia Pacific		359		958
	$	74,687	$	87,602

Schedule of Major Customers’ Data as A Percentage

The following table sets forth the customers that accounted for 10% or more of the Company’s total revenues in each of the years set forth below:

	Year Ended December 31,
	2023			2022			2021

Customer A		20	%		27	%		27	%
Customer B		7	%		2	%		12	%

	December 31,
	2023			2022

Customer A		16	%		-
Customer B		13	%		-
Customer C		-			12	%

Accrued Expenses and Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Accrued Expenses and Current Liabilities [Abstract]

Schedule of Accrued Expenses and Current Liabilities

	December 31,
	2023		2022

Accrued expenses	$	17,738	$	17,993
Government authorities		3,646		4,984
Warranty provision		1,264		1,531
Provision for returns		1,166		1,084
	$	23,814	$	25,592

Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2023

Accumulated Other Comprehensive Income (Loss) [Abstract]

Schedule of Accumulated Balances Other Comprehensive Income (Loss)

The following table summarizes the changes in accumulated balances of other comprehensive income (loss), net of taxes, for the year ended December 31, 2023:

	Unrealized Gains (losses) on marketable securities			Unrealized Gains (losses) on cash flow hedges			Foreign currency translation adjustment		Total

Beginning balance	$	(17,424	)	$	(800	)	$	800	$	(17,424	)
Other comprehensive income before reclassifications		8,686			(1,480	)		-		7,206
Amounts reclassified from accumulated other comprehensive income		134			2,874			-		3,008

Net current period other comprehensive income		8,820			1,394			-		10,214

Ending Balance	$	(8,604	)	$	594		$	800	$	(7,210	)

Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment, Net [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET

NOTE 7:-

PROPERTY, PLANT AND EQUIPMENT, NET

	December 31,
	2023			2022
Cost:

Computer and peripheral equipment	$	10,706		$	10,629
Office furniture and equipment		6,200			4,988
Machinery and equipment		37,614			37,702
Leasehold improvements		24,946			21,373
Building and land		20,091			19,947

		99,557			94,639

Accumulated depreciation		(48,652	)		(34,176	)

Property, plant and equipment, net	$	50,905		$	60,463

Depreciation expenses for the years ended December 31, 2023, 2022 and 2021 were $14,852 , $10,583, and $5,252, respectively.

For the year ended December 31, 2023, depreciation expenses of $2,395 were recorded as a result of the Company’s restructuring (see Note 2ac).