Kornit Digital (KRNT) 6-K 29 Sep 22 Report of Foreign Private Issuer Financial data

Document And Entity Information

Document And Entity Information	6 Months Ended
	Jun. 30, 2022
Document Information Line Items
Entity Registrant Name	KORNIT DIGITAL LTD.
Document Type	6-K
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001625791
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Entity File Number	001-36903
Entity Address, Address Line One	12 Ha’Amal Street
Entity Address, Address Line Two	Park Afek
Entity Address, City or Town	Rosh Ha’Ayin
Entity Address, Postal Zip Code	4824096
Entity Address, Country	IL

Interim Consolidated Balance Sh

Interim Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 196,611	$ 611,551
Short-term bank deposits	260,063	9,168
Marketable securities	21,726	28,116
Trade receivables, net	60,473	49,797
Inventories	89,580	63,017
Other accounts receivable and prepaid expenses	13,465	13,694
Total current assets	641,918	775,343
LONG-TERM ASSETS:
Marketable securities	226,173	149,269
Deposits and other long-term assets	2,531	856
Severance pay fund	323	357
Deferred taxes	14,153	9,339
Property, plant and equipment, net	53,189	45,046
Operating lease right-of-use assets	28,658	25,155
Intangible assets, net	11,271	10,063
Goodwill	29,164	25,447
Total long-term assets	365,462	265,532
Total assets	1,007,380	1,040,875
CURRENT LIABILITIES:
Trade payables	30,788	46,448
Employees and payroll accruals	15,364	22,482
Deferred revenues and advances from customers	3,013	5,401
Operating lease liabilities	5,071	5,058
Other payables and accrued expenses	21,046	17,287
Total current liabilities	75,282	96,676
LONG-TERM LIABILITIES:
Accrued severance pay	1,217	1,543
Operating lease liabilities	22,533	21,900
Other long-term liabilities	1,932	1,203
Total long-term liabilities	25,682	24,646
SHAREHOLDERS’ EQUITY:
Ordinary shares of NIS 0.01 par value – Authorized: 200,000,000 shares as of June 30, 2022 (unaudited) and December 31, 2021; Issued and Outstanding: 49,795,690 shares and 49,619,782 shares as of June 30, 2022 (unaudited) and December 31, 2021, respectively	134	133
Additional paid in capital	899,006	875,367
Accumulated other comprehensive income (loss)	(11,533)	571
Retained earnings	18,809	43,482
Total shareholders’ equity	906,416	919,553
Total liabilities and shareholders’ equity	$ 1,007,380	$ 1,040,875

Interim Consolidated Balance _2

Interim Consolidated Balance Sheets (Parentheticals) - ₪ / shares	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Ordinary shares, par value (in New Shekels per share)	₪ 0.01	₪ 0.01
Ordinary shares, shares authorized	200,000,000	200,000,000
Ordinary shares, shares issued	49,795,690	49,619,782
Ordinary shares, shares outstanding	49,795,690	49,619,782

Interim Consolidated Statements

Interim Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Revenues
Products	$ 120,080	$ 130,122
Services	21,349	17,667
Total revenues	141,429	147,789
Cost of revenues
Products	64,904	62,429
Services	22,591	16,368
Total cost of revenues	87,495	78,797
Gross profit	53,934	68,992
Operating expenses
Research and development, net	28,091	19,243
Seles and marketing	37,631	24,879
General and administrative	20,016	15,689
Total operating expenses	85,738	59,811
Operating income (loss)	(31,804)	9,181
Finance income, net	6,123	2,416
Income (loss) before taxes on income (tax benefit)	(25,681)	11,597
Taxes on income (tax benefit)	(1,008)	896
Net income (loss)	$ (24,673)	$ 10,701
Basic earnings (losses) per share (in Dollars per share)	$ (0.5)	$ 0.23
Diluted earnings (losses) per share (in Dollars per share)	$ (0.5)	$ 0.22

Interim Consolidated Statemen_2

Interim Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (24,673)	$ 10,701
Change in unrealized gains (losses) on marketable securities:
Unrealized gains (losses) arising during the period, net of tax benefit of $(3,077) and $(60) respectively	(9,928)	(733)
Gains reclassified into net income (loss), net of tax	10
Net change	(9,918)	(733)
Change in unrealized gains (losses) on cash flow hedges:
Unrealized losses arising during the period, net of tax benefit of $(244) and $(2), respectively	(3,016)	(133)
Gains reclassified into net income, net of tax	830	154
Net change	(2,186)	21
Total other comprehensive loss, net of tax	(12,104)	(712)
Comprehensive income (loss)	$ (36,777)	$ 9,989

Interim Consolidated Statemen_3

Interim Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parentheticals) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Unrealized gains (losses), net of tax benefit	$ (3,077)	$ (60)
Unrealized losses, net of tax benefit	$ (244)	$ (2)

Interim Statements of Changes i

Interim Statements of Changes in Shareholders’ Equity (Unaudited) - USD ($) $ in Thousands	Ordinary shares	Additional paid in capital	Accumulated other comprehensive income (loss)	Retained earnings	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
Exercise of options and vesting of restricted stock units		1,754			1,754
Exercise of options and vesting of restricted stock units (in Shares)	288,944
Share-based compensation		6,899			6,899
Warrants to customers		9,711			9,711
Other comprehensive loss			(712)		(712)
Net income (loss)				10,701	10,701
Balance at Jun. 30, 2021	$ 121	506,572	2,021	38,656	547,370
Balance (in Shares) at Jun. 30, 2021	46,277,557
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	339			340
Exercise of options and vesting of restricted stock units (in Shares)	175,908
Share-based compensation		10,779			10,779
Warrants to customers		12,521			12,521
Other comprehensive loss			(12,104)		(12,104)
Net income (loss)				(24,673)	(24,673)
Balance at Jun. 30, 2022	$ 134	$ 899,006	$ (11,533)	$ 18,809	$ 906,416
Balance (in Shares) at Jun. 30, 2022	49,795,690

Interim Consolidated Statemen_4

Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Statement of Cash Flows [Abstract]
Net income (loss)	$ (24,673)	$ 10,701
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	5,902	3,035
Fair value of warrants deducted from revenues	12,521	9,711
Share-based compensation	10,779	6,899
Amortization of premium and accretion of discount on marketable securities, net	1,012	(1,298)
Realized gain on sale and redemption of marketable securities	10
Change in operating assets and liabilities:
Trade receivables, net	(9,004)	(11,085)
Other accounts receivables and prepaid expenses	(1,791)	(1,513)
Inventory	(23,852)	(526)
Operating leases right-of-use assets and liabilities, net	(2,857)	(519)
Deferred taxes	(2,416)	245
Deposits and other long-term assets	(1,321)	(131)
Trade payables	(11,920)	(2,417)
Employees and payroll accruals	(6,834)	2,104
Deferred revenues and advances from customers	(4,114)	(11,401)
Other payables and accrued expenses	3,440	5,676
Accrued severance pay, net	(292)	49
Other long-term liabilities	729	800
Loss from sale and disposal of property plant and Equipment	41
Net cash provided by (used in) operating activities	(54,640)	10,330
Purchase of property, plant and equipment	(9,447)	(5,555)
Investing in equity securities	(354)
Acquisition of intangible assets	(133)
Proceeds from sale of property, plant and equipment	55
Cash paid in connection with acquisition, net of cash acquired	(14,654)
Investment in bank deposits	(250,895)	(10,132)
Proceeds from sales and redemption of marketable securities	1,945
Proceeds from maturity of marketable securities	17,422	2,050
Investment in marketable securities	(103,897)	(30,510)
Net cash used in investing activities	(359,958)	(44,147)
Exercise of employee stock options	340	1,754
Payments related to shares withheld for taxes	(682)	(1,146)
Net cash provided by (used in) financing activities	(342)	608
Decrease in cash and cash equivalents	(414,940)	(33,209)
Cash and cash equivalents at the beginning of the period	611,551	125,777
Cash and cash equivalents at the end of the period	196,611	92,568
Supplemental disclosure of non-cash investing and financing activities:
Purchase of property, plant and equipment acquired in credit	1,823	2,678
Inventory transferred to be used as property and equipment	$ 1,289	$ 463

General

General	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
GENERAL	NOTE 1:- GENERAL a. 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. b. The Company established wholly owned subsidiaries in Israel, the United States, Germany, Hong Kong, Japan and the United Kingdom. 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, and manufacturing. c. The Company depends on four 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

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2:- SIGNIFICANT ACCOUNTING POLICIES a. Unaudited interim consolidated financial statements: The accompanying unaudited interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information. In the opinion of management, the unaudited interim consolidated financial statements include all adjustments of a normal recurring nature necessary for a fair presentation of the Company’s consolidated financial statements. The balance sheet at December 31, 2021 has been derived from the audited consolidated financial statements of the Company at that date but does not include all information and footnotes required by U.S. GAAP for complete financial statements. The accompanying unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the year ended December 31, 2021, included in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 30, 2022. The significant accounting policies applied in the Company’s audited 2021 consolidated financial statements and notes thereto included in the Annual Report are applied consistently in these unaudited interim consolidated financial statements. b. Use of estimates: The preparation of the unaudited interim 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 interim 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 . c. Cloud Computing Arrangement Implementation Costs: The Company capitalized certain implementation costs incurred in a cloud computing arrangement during the application development stage pursuant to Accounting Standards Codification, or ASC, 350-40, Internal Use Software. These costs are amortized over the term of the hosting arrangement on a straight-line basis and are included within operating expenses in the consolidated statements of operations. Costs incurred in the preliminary stages of development are analogous to research and development activities and are expensed as incurred. These capitalized costs are included in in the consolidated balance sheets. As of June 30, 2022 the Company capitalized $1,262 of qualifying cloud computing arrangement implementation costs. As of the balance sheet date, the software is not ready for its intended use with all of its main features, and thus amortization of the capitalized implementation costs has not yet begun.

Business Combinations

Business Combinations	6 Months Ended
	Jun. 30, 2022
Business Combinations [Abstract]
BUSINESS COMBINATIONS	NOTE 3:- BUSINESS COMBINATIONS 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 streams such as: industry solutions, glass, textile, service, graphics and sheet metal working. Tesoma focuses on several markets, including textile, mechanical engineering and automotive. The Company believes this acquisition will strategically 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. Under business combination accounting principles, the total purchase price was allocated to Tesoma’s net tangible and intangible assets based on their estimated fair values as set forth below. The excess of the purchase price over the net tangible and identifiable intangible assets was recorded as goodwill. The preliminary fair value estimates for the intangible assets acquired as part of the Tesoma acquisition were based upon preliminary calculations and valuations, and the estimates and assumptions for this acquisition are subject to change as the Company obtains additional information during the respective measurement period to the information that existed as of the acquisition date (up to one year from the acquisition date). The following table summarizes the purchase price allocation of Tesoma Acquisition: Fair Amortization Tangible assets (liabilities): Cash $ 789 Accounts receivable and other receivables 1,672 Inventory 3,991 Property and equipment 6,194 Other assets 343 Advance from customers (1,726 ) Trade payables (466 ) Provisions and other liabilities (717 ) Deferred tax liabilities, net (855 ) Net assets 9,225 Intangible assets: Technology 1,213 2.5 Customer Relationship 856 5.8 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 purpose. Pro forma results of operations related to this acquisition have not been prepared because they are not material to the Company’s unaudited interim consolidated statements of operations.

Marketable Securities

Marketable Securities	6 Months Ended
	Jun. 30, 2022
Marketable Securities [Abstract]
MARKETABLE SECURITIES	NOTE 4:- MARKETABLE SECURITIES The following tables summarize our marketable securities by significant investing categories as of the balance sheet dates indicated below: June 30, 2022 Amortized Gross Gross Fair value Matures within one year: Corporate debentures $ 17,878 $ 7 $ (98 ) $ 17,787 Government debentures 3,997 - (58 ) 3,939 21,875 7 (156 ) 21,726 Matures after one year through three years: Corporate debentures 227,505 9 (12,842 ) 214,672 Government debentures 12,078 - (577 ) 11,501 239,583 9 (13,419 ) 226,173 Total $ 261,458 $ 16 $ (13,575 ) $ 247,899 December 31, 2021 Amortized Cost Gross Gross Fair value Matures within one year: Corporate debentures $ 25,430 $ 170 $ - $ 25,600 Government debentures 2,507 9 - 2,516 27,937 179 - 28,116 Matures after one year through three years: Corporate debentures 140,364 435 (1,090 ) 139,709 Government debentures 9,648 11 (99 ) 9,560 150,364 446 (1,189 ) 149,269 Total $ 177,949 $ 625 $ (1,189 ) $ 177,385 As of June 30, 2022, investments with continuous unrealized losses for less than 12 months, and 12 months or greater, and their related fair values, were as follows: June 30, 2022 Less than 12 months 12 months or greater Total Fair value Unrealized Fair value Unrealized Fair value Unrealized Corporate debentures $ 207,128 $ (11,398 ) $ 20,775 $ (1,542 ) $ 227,903 $ (12,940 ) Government debentures 7,298 (245 ) 8,142 (390 ) 15,440 (635 ) Total $ 214,426 $ (11,643 ) $ 28,917 $ (1,932 ) $ 243,343 $ (13,575 )

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 5:- FAIR VALUE MEASUREMENTS The Company measures its marketable securities and foreign currency derivative contracts at fair value. Marketable securities and foreign currency derivative contracts are classified within Level II, as the valuation inputs are based on quoted prices and market observable data of similar instruments. The below table sets forth the Company’s assets and liabilities that were measured at fair value as of June 30, 2022 and December 31, 2021, by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. As of June 30, 2022 Level 1 Level 2 Level 3 Total Assets: Marketable securities $ - $ 247,899 $ - $ 247,899 Foreign currency derivative contracts - - - - Total financial assets $ - $ 247,899 $ - $ 247,899 Liabilities: Marketable securities $ - $ - $ - $ - Foreign currency derivative contracts - 2,401 - 2,401 Total financial liabilities $ - $ 2,401 $ - $ 2,401 December 31, 2021 Level 1 Level 2 Level 3 Total Assets Marketable securities $ - $ 177,385 $ - $ 177,385 Foreign currency derivative contracts - 317 - 317 Total financial assets $ - $ 177,702 $ - $ 177,702

Inventories

Inventories	6 Months Ended
	Jun. 30, 2022
Inventories [Abstract]
INVENTORIES	NOTE 6:- INVENTORIES June 30, December 31, 2022 2021 Raw materials and components $ 42,046 $ 29,857 Work in progress 1,490 - Finished products (*) 46,044 33,160 $ 89,580 $ 63,017 (*) Includes amounts of $556 and $654 as of June 30, 2022 and December 31, 2021, respectively, with respect to inventory delivered to customers for which revenue was not yet recognized. Inventory write-offs amounted to $2,472 and $2,162 during the six months ended June 30, 2022 and 2021, respectively.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES AND HEDGING ACTIVITIES	NOTE 7:- DERIVATIVES AND HEDGING ACTIVITIES The Company follows FASB ASC No. 815, “Derivatives and Hedging,” which requires companies to recognize all of their derivative instruments as either assets or liabilities at fair value in the statement of financial position. 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 (“Hedging Contracts”), to manage exposure to foreign currency risks, by hedging a portion of the Company’s forecasted expenses denominated in New Israeli Shekels expected to be incurred 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 are not designated as hedging instruments are recognized in “financial income, net”. a. Derivative instruments outstanding The following table summarizes the notional amounts for hedged items, when transactions are designated as hedge accounting: June 30, December 31, 2022 2021 Cash flow hedge 39,821 21,810 As of June 30, 2022, and December 31, 2021, the fair value of the Company’s outstanding forward and option contracts amounted to $2,401, which was included in “Other payables and accrued expenses,” and $317, which was included within “Other accounts receivable and prepaid expenses,” in the balance sheets. b. Derivative instrument gains and losses During the six months ended June 30, 2022 and 2021, the company recorded pretax expenses of $365 and income of $7, respectively, from derivatives designated in cash flow hedging arrangements. 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. The estimated net amount of the existing unrealized loss that is reported in accumulated other comprehensive income (loss) at the reporting date and expected to be reclassified into earnings within the next 12 months is $1,893.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	6 Months Ended
	Jun. 30, 2022
Commitments And Contingent Liabilities Abstract
COMMITMENTS AND CONTINGENT LIABILITIES	NOTE 8:- COMMITMENTS AND CONTINGENT LIABILITIES a. Charges: As of June 30, 2022, the Company has a line of credit with an Israeli bank for total borrowing of 6 million ILS. This line of credit is unsecured and available provided that the Company maintains a 30% ratio of total tangible shareholders’ equity to total tangible assets and that the total credit use will be less than 70% of the Company’s and its subsidiaries’ receivables. Interest rates under this credit line varied from (i) 0.3% to (ii) Prime (Israel Interbank Offered Rate) + 0.7% (2.95% as of June 30, 2022). As of June 30, 2022, the Company has not utilized its line of credit. b. Purchase commitments: As of June 30, 2022, the Company has purchase commitments for goods and services from vendors in an amount of approximately $113 million. These commitments are due primarily within one year. c. Litigation: From time to time, the Company is involved in 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. d. Royalty Commitments: Under the Company’s agreement for purchasing print heads and other products, which was amended in 2016, the Company is obligated to pay 2.5% royalties on its annual ink revenues, up to an annual maximum amount of $625. Royalty expenses for the six months ended June 30, 2022 and 2021 were $312 and $312, respectively. e. Guarantees: As of June 30, 2022, the Company provided eight bank guarantees in a total amount of $2,809 for its rented facilities.

Earnings (Losses) Per Share

Earnings (Losses) Per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
EARNINGS (LOSSES) PER SHARE	NOTE 9:- EARNINGS (LOSSES) PER SHARE The following table sets forth the computation of basic and diluted net earnings (losses) per share: Six months ended June 30, 2022 2021 Numerator for basic and diluted net earnings (losses) per share: Net income (loss) $ (24,673 ) $ 10,701 Weighted average shares outstanding: Denominator for basic earnings (losses) per share 49,707,782 46,119,416 Effect of dilutive securities: Share options, warrants and restricted share units - 1,590,013 Denominator for diluted earnings (losses) per share 49,707,782 47,709,429 Basic earnings (losses) per share $ (0.50 ) $ 0.23 Diluted earnings (losses) per share $ (0.50 ) $ 0.22 The total number of shares related to the outstanding options and RSUs excluded from the calculation of diluted earnings per share due to their anti-dilutive effect was 47,663 for the six months ended June 30, 2021. During the six months ended June 30, 2022, the Company was in a loss position and therefore all of its outstanding securities were antidilutive.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2022
Stockholders' Equity Note [Abstract]
SHAREHOLDERS’ EQUITY	NOTE 10:- SHAREHOLDERS’ EQUITY Company’s shares: a. 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 such share, regardless of any premium paid thereon, subject to the provisions of the Company’s articles of association. Each ordinary share confers upon its holder the right to participate in the general meetings of the shareholders of the Company, with one vote on any matter presented to the shareholders. b. Share option and RSU 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 RSU’s, including performance based RSUs. The RSUs generally vest over a period of four years of employment and performance based RSUs also vest based on achievement of performance targets. RSUs that are cancelled or forfeited become available for future grants. As of June 30, 2022, an aggregate of 5,096,958 ordinary shares are available for future grants under those plans. A summary of the Company’s share option activity and related information for the six months ended June 30, 2022 is as follows: Number Weighted Weighted- Aggregate Outstanding as of January 1, 2022 413,175 $ 19.58 5.79 $ 54,815 Granted 310,000 105.06 - - Exercised (14,902 ) 21.08 - 868 Forfeited (8,491 ) 89.81 - - Outstanding as of June 30, 2022 699,782 $ 56.78 7.08 $ 5,547 Exercisable at end of period 330,020 $ 16.34 4.76 $ 4,585 As of June 30, 2022, the Company had $15,258 of unrecognized compensation expense related to unvested share options expected to be recognized over a weighted average period of 3.47 years. A summary of the Company’s RSU activity is as follows: Six months June 30, Unvested as of January 1, 2022 684,666 Granted 239,293 Vested (160,840 ) Forfeited (49,974 ) Unvested as of June 30, 2022 713,145 The weighted average fair value at grant date of RSUs granted for the six months ended June 30, 2022 was $82.02. The weighted average fair value of shares vested during the six months ended June 30, 2022 was $53.00. The weighted average fair value of shares forfeited during the six months ended June 30, 2022 was $67.45. As of June 30, 2022, the Company had $45,073 of unrecognized compensation expense related to RSUs expected to be recognized over a weighted average period of 2.9 years. The following table sets forth the total share-based compensation expense included in the consolidated statements of operations for the six months ended June 30, 2022 and 2021: Six months ended 2022 2021 Cost of products $ 1,056 $ 619 Cost of services 846 499 Research and development 2,457 1,071 Seles and marketing 3,300 2,333 General and administrative 3,120 2,377 Total share-based compensation expense $ 10,779 $ 6,899 On January 10, 2017, the Company signed a master purchase agreement with Amazon Inc. (the “Agreement”) under which 2,932,176 warrants to purchase ordinary shares of the Company at an exercise price of $13.04 were issued to Amazon as a customer incentive. The warrants are subject to vesting as a function of payments for purchased products and services of up to $150 million over a five-year period beginning on May 1, 2016, with the shares vesting incrementally each time Amazon makes a payment totaling $5 million to the Company. On September 16, 2020 Amazon Inc. exercised 2,162,463 warrants in a cashless manner and sold the 1,689,942 ordinary shares received upon exercise. As of June 30, 2022, 769,692 warrants are exercisable under the Agreement. On September 14, 2020, the Company signed an amendment to the master purchase agreement (the “Amended Agreement”) with Amazon Inc. under which an additional 3,401,060 warrants to purchase ordinary shares of the Company at an exercise price of $59.26 were issued to Amazon as a customer incentive. 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 June 30, 2022, 1,088,332 warrants are exercisable under the Amended Agreement. The Company recognized reductions to revenues of $12,521 and $9,711 during the six months ended June 30, 2022, and 2021, respectively, due to the accounting impact of Amazon’s warrants.

Accumulated other Comprehensive

Accumulated other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2022
Accumulated Other Comprehensive Income Loss [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	NOTE 11:- ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table summarizes the changes in accumulated balances of other comprehensive income (loss), net of taxes: Unrealized Unrealized Foreign currency translation adjustment Total Unaudited Six months ended June 30, 2022: Beginning balance $ (522 ) $ 293 $ 800 $ 571 Other comprehensive income (loss) before reclassifications (9,928 ) (3,016 ) - (12,944 ) Amounts reclassified from accumulated other comprehensive income 10 830 - 840 Net current period other comprehensive income (loss) (9,918 ) (2,186 ) - (12,104 ) Ending Balance $ (10,440 ) $ (1,893 ) $ 800 $ (11,533 )

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2022
Revenue Recognition [Abstract]
REVENUE RECOGNITION	NOTE REVENUE RECOGNITION Revenue disaggregated by revenue source for the six months ended June 30, 2022 and 2021, consisted of the following: Six months ended 2022 2021 Systems $ 78,198 $ 89,298 Ink and consumables 41,882 40,823 Services 11,404 9,160 Service contracts and software subscriptions 9,945 8,508 Total revenue $ 141,429 $ 147,789 The following table presents revenue disaggregated by geography based on customer location: Six months ended 2022 2021 U.S $ 70,992 $ 98,310 EMEA 48,583 33,526 Asia Pacific 13,473 10,815 Other 8,381 5,138 Total revenue $ 141,429 $ 147,789 Performance obligations represent contracted revenues that have not yet been recognized, which include 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 606-10-50-14(a) (of ASC Topic 606) 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 June 30, 2022, which are expected to be satisfied and recognized in future periods: Remainder of 2022 2023 2024 and thereafter Services 3,873 1,429 235 Contract liabilities include amounts received from customers for which revenue has not yet been recognized. Contract liabilities amounted to $3,768 and $5,564 as of June 30, 2022 and December 31, 2021, respectively, and are presented under deferred revenues and advances from customers. During the six months ended June 30, 2022, the Company recognized $1,583 that was included in the deferred revenues balance on January 1, 2022. Provision for returns amounted to $1,749 and $2,178 as of June 30, 2022 and December 31, 2021, respectively.

Taxes on Income

Taxes on Income	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
TAXES ON INCOME	NOTE TAXES ON INCOME The main reconciling items between the theoretical and actual tax rate during the six months ended June 30, 2022, derived mainly from: tax expense related to the Company’s foreign subsidiaries income at different tax rates, deferred tax benefit recognized in Israel related to current losses at Preferred Enterprise reduced tax rates, and permanent differences.

Balances and Transactions with

Balances and Transactions with Related Parties	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
BALANCES AND TRANSACTIONS WITH RELATED PARTIES	NOTE 14:- 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. 1. Fritz Companies Israel T. Ltd. (“Fritz”) Fritz is a logistics company which is owned, in part, by the Chairman of the Board since March 2018. The Company has an ongoing logistic contract with Fritz. During the six months ended June 30, 2022 and 2021, logistic service fees amounted to $2,274 and $2,095, respectively. As of June 30, 2022 and December 31, 2021, the Company had trade payables balances due to this related party in amounts of $250 and $1,178, respectively. 2. 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 Board. Accord is the Company’s insurance agent for most of its insurance policies. During the six months ended June 30, 2022 and 2021, total premiums under the contracts were $262 and $193, respectively. 3. 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 six months ended June 30, 2022 and 2021 maintenance fees and additional licenses acquired amounted to $109 and $88 respectively As of June 30, 2022 and December 31, 2021, the Company had no trade payables balances due to this related party. 4. Tritone Technologies Ltd. (“Tritone”) On September 13, 2020, the Company entered into a sublease agreement with Tritone Technologies Ltd., whose CEO is 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 lease is 24 months, until September 12, 2022, with an option to extend the term by an additional 12 months. The rent under the sublease is approximately $2 per month. 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 June 30, 2022 and December 31, 2021, the Company had a trade receivable balance due from this related party in an amount of $4 and $5, respectively. 5. Magalcom Ltd. (“Magalcom”) The Company entered into a transaction with Magalcom which is owned, in part and controlled, by the Chairman of the Board, for the replacement of communication equipment in its conference rooms. Total consideration to be paid to Magalcom pursuant to this transaction is approximately $650. During the six months ended June 30, 2022 and 2021, service fees amounted to $56 and $163, respectively. As of June 30, 2022 and December 31, 2021, the Company had a trade payables balance due to this related party in amounts of $0 and $282, respectively.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Unaudited interim consolidated financial statements	a. Unaudited interim consolidated financial statements: The accompanying unaudited interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information. In the opinion of management, the unaudited interim consolidated financial statements include all adjustments of a normal recurring nature necessary for a fair presentation of the Company’s consolidated financial statements. The balance sheet at December 31, 2021 has been derived from the audited consolidated financial statements of the Company at that date but does not include all information and footnotes required by U.S. GAAP for complete financial statements. The accompanying unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the year ended December 31, 2021, included in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 30, 2022. The significant accounting policies applied in the Company’s audited 2021 consolidated financial statements and notes thereto included in the Annual Report are applied consistently in these unaudited interim consolidated financial statements.
Use of estimates	b. Use of estimates: The preparation of the unaudited interim 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 interim 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 .
Cloud Computing Arrangement Implementation Costs	c. Cloud Computing Arrangement Implementation Costs: The Company capitalized certain implementation costs incurred in a cloud computing arrangement during the application development stage pursuant to Accounting Standards Codification, or ASC, 350-40, Internal Use Software. These costs are amortized over the term of the hosting arrangement on a straight-line basis and are included within operating expenses in the consolidated statements of operations. Costs incurred in the preliminary stages of development are analogous to research and development activities and are expensed as incurred. These capitalized costs are included in in the consolidated balance sheets. As of June 30, 2022 the Company capitalized $1,262 of qualifying cloud computing arrangement implementation costs. As of the balance sheet date, the software is not ready for its intended use with all of its main features, and thus amortization of the capitalized implementation costs has not yet begun.

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
	Jun. 30, 2022
Business Combinations [Abstract]
Schedule of fair value estimates for the intangible assets acquired	Fair Amortization Tangible assets (liabilities): Cash $ 789 Accounts receivable and other receivables 1,672 Inventory 3,991 Property and equipment 6,194 Other assets 343 Advance from customers (1,726 ) Trade payables (466 ) Provisions and other liabilities (717 ) Deferred tax liabilities, net (855 ) Net assets 9,225 Intangible assets: Technology 1,213 2.5 Customer Relationship 856 5.8 Backlog 432 0.5 Goodwill 3,717 Infinite Total purchase price $ 15,443

Marketable Securities (Tables)

Marketable Securities (Tables)	6 Months Ended
	Jun. 30, 2022
Marketable Securities [Abstract]
Schedule of marketable securities by significant investing categories	June 30, 2022 Amortized Gross Gross Fair value Matures within one year: Corporate debentures $ 17,878 $ 7 $ (98 ) $ 17,787 Government debentures 3,997 - (58 ) 3,939 21,875 7 (156 ) 21,726 Matures after one year through three years: Corporate debentures 227,505 9 (12,842 ) 214,672 Government debentures 12,078 - (577 ) 11,501 239,583 9 (13,419 ) 226,173 Total $ 261,458 $ 16 $ (13,575 ) $ 247,899 December 31, 2021 Amortized Cost Gross Gross Fair value Matures within one year: Corporate debentures $ 25,430 $ 170 $ - $ 25,600 Government debentures 2,507 9 - 2,516 27,937 179 - 28,116 Matures after one year through three years: Corporate debentures 140,364 435 (1,090 ) 139,709 Government debentures 9,648 11 (99 ) 9,560 150,364 446 (1,189 ) 149,269 Total $ 177,949 $ 625 $ (1,189 ) $ 177,385
Schedule of investments with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values	June 30, 2022 Less than 12 months 12 months or greater Total Fair value Unrealized Fair value Unrealized Fair value Unrealized Corporate debentures $ 207,128 $ (11,398 ) $ 20,775 $ (1,542 ) $ 227,903 $ (12,940 ) Government debentures 7,298 (245 ) 8,142 (390 ) 15,440 (635 ) Total $ 214,426 $ (11,643 ) $ 28,917 $ (1,932 ) $ 243,343 $ (13,575 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement	As of June 30, 2022 Level 1 Level 2 Level 3 Total Assets: Marketable securities $ - $ 247,899 $ - $ 247,899 Foreign currency derivative contracts - - - - Total financial assets $ - $ 247,899 $ - $ 247,899 Liabilities: Marketable securities $ - $ - $ - $ - Foreign currency derivative contracts - 2,401 - 2,401 Total financial liabilities $ - $ 2,401 $ - $ 2,401 December 31, 2021 Level 1 Level 2 Level 3 Total Assets Marketable securities $ - $ 177,385 $ - $ 177,385 Foreign currency derivative contracts - 317 - 317 Total financial assets $ - $ 177,702 $ - $ 177,702

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2022
Inventories [Abstract]
Schedule of inventories	June 30, December 31, 2022 2021 Raw materials and components $ 42,046 $ 29,857 Work in progress 1,490 - Finished products (*) 46,044 33,160 $ 89,580 $ 63,017

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of transactions are designated as hedge accounting	June 30, December 31, 2022 2021 Cash flow hedge 39,821 21,810

Earnings (Losses) Per Share (Ta

Earnings (Losses) Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of computation of basic and diluted net earnings (losses) per share	Six months ended June 30, 2022 2021 Numerator for basic and diluted net earnings (losses) per share: Net income (loss) $ (24,673 ) $ 10,701 Weighted average shares outstanding: Denominator for basic earnings (losses) per share 49,707,782 46,119,416 Effect of dilutive securities: Share options, warrants and restricted share units - 1,590,013 Denominator for diluted earnings (losses) per share 49,707,782 47,709,429 Basic earnings (losses) per share $ (0.50 ) $ 0.23 Diluted earnings (losses) per share $ (0.50 ) $ 0.22

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2022
Stockholders' Equity Note [Abstract]
Summary of company's share option activity	Number Weighted Weighted- Aggregate Outstanding as of January 1, 2022 413,175 $ 19.58 5.79 $ 54,815 Granted 310,000 105.06 - - Exercised (14,902 ) 21.08 - 868 Forfeited (8,491 ) 89.81 - - Outstanding as of June 30, 2022 699,782 $ 56.78 7.08 $ 5,547 Exercisable at end of period 330,020 $ 16.34 4.76 $ 4,585
Summary of the RSUs activity	Six months June 30, Unvested as of January 1, 2022 684,666 Granted 239,293 Vested (160,840 ) Forfeited (49,974 ) Unvested as of June 30, 2022 713,145
Schedule of share-based compensation expense	Six months ended 2022 2021 Cost of products $ 1,056 $ 619 Cost of services 846 499 Research and development 2,457 1,071 Seles and marketing 3,300 2,333 General and administrative 3,120 2,377 Total share-based compensation expense $ 10,779 $ 6,899

Accumulated other Comprehensi_2

Accumulated other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2022
Accumulated Other Comprehensive Income Loss [Abstract]
Schedule of changes in accumulated balances of other comprehensive income (loss)	Unrealized Unrealized Foreign currency translation adjustment Total Unaudited Six months ended June 30, 2022: Beginning balance $ (522 ) $ 293 $ 800 $ 571 Other comprehensive income (loss) before reclassifications (9,928 ) (3,016 ) - (12,944 ) Amounts reclassified from accumulated other comprehensive income 10 830 - 840 Net current period other comprehensive income (loss) (9,918 ) (2,186 ) - (12,104 ) Ending Balance $ (10,440 ) $ (1,893 ) $ 800 $ (11,533 )

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue Recognition [Abstract]
Schedule of revenue disaggregated by revenue source	Six months ended 2022 2021 Systems $ 78,198 $ 89,298 Ink and consumables 41,882 40,823 Services 11,404 9,160 Service contracts and software subscriptions 9,945 8,508 Total revenue $ 141,429 $ 147,789
Schedule of revenue disaggregated by geography based on customer location	Six months ended 2022 2021 U.S $ 70,992 $ 98,310 EMEA 48,583 33,526 Asia Pacific 13,473 10,815 Other 8,381 5,138 Total revenue $ 141,429 $ 147,789
Schedule of remaining performance obligations represents contracted revenues	Remainder of 2022 2023 2024 and thereafter Services 3,873 1,429 235

Significant Accounting Polici_2

Significant Accounting Policies (Details)	Jun. 30, 2022 USD ($)
Accounting Policies [Abstract]
Implementation costs	$ 1,262

Business Combinations (Details)

Business Combinations (Details) $ in Thousands	Apr. 05, 2022 USD ($)
Business Combinations (Details) [Line Items]
Total incurred acquisition related costs	$ 512
Kornit Digital Technologies [Member]
Business Combinations (Details) [Line Items]
Total consideration	$ 15,443

Business Combinations (Detail_2

Business Combinations (Details) - Schedule of fair value estimates for the intangible assets acquired - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2008	Jun. 30, 2022	Dec. 31, 2021
Tangible assets (liabilities):
Cash	$ 789
Accounts receivable and other receivables	1,672
Inventory	3,991
Property and equipment	6,194
Other assets	343
Advance from customers	(1,726)
Trade payables	(466)	$ (30,788)	$ (46,448)
Provisions and other liabilities	(717)
Deferred tax liabilities, net	(855)
Net assets	9,225
Intangible assets:
Goodwill, Fair value	$ 3,717
Goodwill, Amortization period (years)	Infinite
Total purchase price	$ 15,443
Technology [Member]
Intangible assets:
Intangible assets, Fair value	$ 1,213
Intangible assets, Amortization period (years)	2 years 6 months
Customer Relationship [Member]
Intangible assets:
Intangible assets, Fair value	$ 856
Intangible assets, Amortization period (years)	5 years 9 months 18 days
Backlog [Member]
Intangible assets:
Intangible assets, Fair value	$ 432
Intangible assets, Amortization period (years)	6 months

Marketable Securities (Details)

Marketable Securities (Details) - Schedule of marketable securities by significant investing categories - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Matures within one year:
Amortized cost	$ 261,458	$ 177,949
Gross unrealized gain	16	625
Gross unrealized loss	(13,575)	(1,189)
Fair value	247,899	177,385
Matures within one year Corporate debentures [Member]
Matures within one year:
Amortized cost	17,878	25,430
Gross unrealized gain	7	170
Gross unrealized loss	(98)
Fair value	17,787	25,600
Matures within one year, Government debentures [Member]
Matures within one year:
Amortized cost	3,997	2,507
Gross unrealized gain		9
Gross unrealized loss	(58)
Fair value	3,939	2,516
Matures within one year [Member]
Matures within one year:
Amortized cost	21,875	27,937
Gross unrealized gain	7	179
Gross unrealized loss	(156)
Fair value	21,726	28,116
Matures after one year through threeyears Corporate debentures [Member]
Matures within one year:
Amortized cost	227,505	140,364
Gross unrealized gain	9	435
Gross unrealized loss	(12,842)	(1,090)
Fair value	214,672	139,709
Matures after one year through three years Government debentures [Member]
Matures within one year:
Amortized cost	12,078	9,648
Gross unrealized gain		11
Gross unrealized loss	(577)	(99)
Fair value	11,501	9,560
Matures after one year through three years [Member]
Matures within one year:
Amortized cost	239,583	150,364
Gross unrealized gain	9	446
Gross unrealized loss	(13,419)	(1,189)
Fair value	$ 226,173	$ 149,269

Marketable Securities (Detail_2

Marketable Securities (Details) - Schedule of investments with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values $ in Thousands	Jun. 30, 2022 USD ($)
Marketable Securities (Details) - Schedule of investments with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values [Line Items]
Less than 12 months, Fair value	$ 214,426
Less than 12 months, Unrealized losses	(11,643)
12 months or greater, Fair value	28,917
12 months or greater, Unrealized losses	(1,932)
Fair value	243,343
Unrealized losses	(13,575)
Corporate debentures [Member]
Marketable Securities (Details) - Schedule of investments with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values [Line Items]
Less than 12 months, Fair value	207,128
Less than 12 months, Unrealized losses	(11,398)
12 months or greater, Fair value	20,775
12 months or greater, Unrealized losses	(1,542)
Fair value	227,903
Unrealized losses	(12,940)
Government debentures [Member]
Marketable Securities (Details) - Schedule of investments with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values [Line Items]
Less than 12 months, Fair value	7,298
Less than 12 months, Unrealized losses	(245)
12 months or greater, Fair value	8,142
12 months or greater, Unrealized losses	(390)
Fair value	15,440
Unrealized losses	$ (635)

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Schedule of assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets:
Total financial assets	$ 247,899	$ 177,702
Liabilities:
Total financial liabilities	2,401
Marketable securities [Member]
Assets:
Total financial assets	247,899	177,385
Liabilities:
Total financial liabilities
Foreign currency derivative contracts [Member]
Assets:
Total financial assets		317
Liabilities:
Total financial liabilities	2,401
Level 1 [Member]
Assets:
Total financial assets
Liabilities:
Total financial liabilities
Level 1 [Member] | Marketable securities [Member]
Assets:
Total financial assets
Liabilities:
Total financial liabilities
Level 1 [Member] | Foreign currency derivative contracts [Member]
Assets:
Total financial assets
Liabilities:
Total financial liabilities
Level 2 [Member]
Assets:
Total financial assets	247,899	177,702
Liabilities:
Total financial liabilities	2,401
Level 2 [Member] | Marketable securities [Member]
Assets:
Total financial assets	247,899	177,385
Liabilities:
Total financial liabilities
Level 2 [Member] | Foreign currency derivative contracts [Member]
Assets:
Total financial assets		317
Liabilities:
Total financial liabilities	2,401
Level 3 [Member]
Assets:
Total financial assets
Liabilities:
Total financial liabilities
Level 3 [Member] | Marketable securities [Member]
Assets:
Total financial assets
Liabilities:
Total financial liabilities
Level 3 [Member] | Foreign currency derivative contracts [Member]
Assets:
Total financial assets
Liabilities:
Total financial liabilities

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Inventories [Abstract]
Inventory amount	$ 556		$ 654
Inventory write-offs	$ 2,472	$ 2,162

Inventories (Details) - Schedul

Inventories (Details) - Schedule of inventories - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Schedule Of Inventories Abstract
Raw materials and components		$ 42,046	$ 29,857
Work in progress		1,490
Finished products	[1]	46,044	33,160
Inventories		$ 89,580	$ 63,017
[1]Includes amounts of $556 and $654 as of June 30, 2022 and December 31, 2021, respectively, with respect to inventory delivered to customers for which revenue was not yet recognized.

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair value of outstanding forward and option	$ 2,401	$ 317
Pretax income from derivatives designated in cash flow hedging relationships	365		$ 7
Estimated net amount of existing gains reported in accumulated other comprehensive income	$ 1,893

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities (Details) - Schedule of transactions are designated as hedge accounting - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Schedule Of Transactions Are Designated As Hedge Accounting Abstract
Cash flow hedge	$ 39,821	$ 21,810

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Details) $ in Thousands, ₪ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 ILS (₪)
Commitments And Contingent Liabilities Abstract
Lines of credit maximum borrowings (in New Shekels) | ₪			₪ 6
Interest rate, description	This line of credit is unsecured and available provided that the Company maintains a 30% ratio of total tangible shareholders’ equity to total tangible assets and that the total credit use will be less than 70% of the Company’s and its subsidiaries’ receivables. Interest rates under this credit line varied from (i) 0.3% to (ii) Prime (Israel Interbank Offered Rate) + 0.7% (2.95% as of June 30, 2022).
Purchase commitments	$ 113,000
Royalties percentage	2.50%
Maximum amount of royalties payment	$ 625
Royalty expense	312	$ 312
Actual guaranteed rent	$ 2,809

Earnings (Losses) Per Share (De

Earnings (Losses) Per Share (Details)	6 Months Ended
	Jun. 30, 2021 shares
Earnings Per Share [Abstract]
Diluted earnings per share anti-dilutive effect	47,663

Earnings (Losses) Per Share (_2

Earnings (Losses) Per Share (Details) - Schedule of computation of basic and diluted net earnings (losses) per share - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Numerator for basic and diluted net earnings (losses) per share:
Net income (loss) (in Dollars)	$ (24,673)	$ 10,701
Weighted average shares outstanding:
Denominator for basic earnings (losses) per share	49,707,782	46,119,416
Effect of dilutive securities:
Share options, warrants and restricted share units		1,590,013
Denominator for diluted earnings (losses) per share	49,707,782	47,709,429
Basic earnings (losses) per share (in Dollars per share)	$ (0.5)	$ 0.23
Diluted earnings (losses) per share (in Dollars per share)	$ (0.5)	$ 0.22

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands				1 Months Ended	6 Months Ended
	Sep. 14, 2020	Jan. 10, 2017	May 01, 2016	Sep. 16, 2020	Jun. 30, 2022	Jun. 30, 2021
Shareholders' Equity (Details) [Line Items]
ordinary shares are available for future grants (in Shares)					5,096,958
Unrecognized compensation expense					$ 15,258
Weighted average vesting period					3 years 5 months 19 days
Weighted average fair value of shares vested (in Dollars per share)					$ 53
Weighted average fair value of shares forfeited (in Dollars per share)					$ 67.45
Warrants to purchase ordinary shares (in Shares)	3,401,060
Exercise price (in Dollars per share)	$ 59.26
Vesting payments	$ 5,000		$ 5,000
Class of warrant exercisable (in Shares)				2,162,463	1,088,332
Ordinary shares received exercise (in Shares)				1,689,942
Purchased products and services	$ 400,000
Recognized reduction revenues					$ 12,521	$ 9,711
Master Purchase Agreement [Member]
Shareholders' Equity (Details) [Line Items]
Warrants to purchase ordinary shares (in Shares)		2,932,176
Exercise price (in Dollars per share)		$ 13.04
Payments for purchased products and services			$ 150,000
Class of warrant exercisable (in Shares)					769,692
Restricted Stock Units [Member]
Shareholders' Equity (Details) [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 vesting period					4 years
Unrecognized compensation expense					$ 45,073
Weighted average vesting period					2 years 10 months 24 days
Weighted average fair value of options granted (in Dollars per share)					$ 82.02

Shareholders' Equity (Details)

Shareholders' Equity (Details) - Schedule of company's share option activity $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($) $ / shares shares
Schedule Of Companys Share Option Activity Abstract
Number of shares upon exercise, Outstanding, Beginning balance | shares	413,175
Weighted average exercise price Outstanding, Beginning balance | $ / shares	$ 19.58
Weighted- average remaining contractual term (in years), Outstanding, Beginning balance	5 years 9 months 14 days
Aggregate intrinsic value, Outstanding, Beginning balance | $	$ 54,815
Number of shares upon exercise, Granted | shares	310,000
Weighted average exercise price, Granted | $ / shares	$ 105.06
Weighted- average remaining contractual term (in years), Granted
Aggregate intrinsic value, Granted | $
Number of shares upon exercise, Exercised | shares	(14,902)
Weighted average exercise price, Exercised | $ / shares	$ 21.08
Weighted- average remaining contractual term (in years), Exercised
Aggregate intrinsic value, Exercised | $	$ 868
Number of shares upon exercise, Forfeited | shares	(8,491)
Weighted average exercise price, Forfeited | $ / shares	$ 89.81
Weighted- average remaining contractual term (in years), Forfeited
Aggregate intrinsic value, Forfeited | $
Number of shares upon exercise, Outstanding, Ending balance | shares	699,782
Weighted average exercise price, Outstanding, Ending balance | $ / shares	$ 56.78
Weighted- average remaining contractual term (in years), Outstanding, Ending balance	7 years 29 days
Aggregate intrinsic value, Outstanding, Ending balance | $	$ 5,547
Number of shares upon exercise, Exercisable | shares	330,020
Weighted average exercise price, Exercisable | $ / shares	$ 16.34
Weighted- average remaining contractual term (in years), Exercisable	4 years 9 months 3 days
Aggregate intrinsic value, Exercisable | $	$ 4,585

Shareholders' Equity (Details_2

Shareholders' Equity (Details) - Schedule of the RSUs activity - Restricted Stock Units (RSUs) [Member]	6 Months Ended
	Jun. 30, 2022 shares
Shareholders' Equity (Details) - Schedule of the RSUs activity [Line Items]
Unvested as of January 1, 2022	684,666
Granted	239,293
Vested	(160,840)
Forfeited	(49,974)
Unvested as of June 30, 2022	713,145

Shareholders' Equity (Details_3

Shareholders' Equity (Details) - Schedule of share-based compensation expense - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Shareholders' Equity (Details) - Schedule of share-based compensation expense [Line Items]
Total share-based compensation expense	$ 10,779	$ 6,899
Cost of products [Member]
Shareholders' Equity (Details) - Schedule of share-based compensation expense [Line Items]
Total share-based compensation expense	1,056	619
Cost of services [Member]
Shareholders' Equity (Details) - Schedule of share-based compensation expense [Line Items]
Total share-based compensation expense	846	499
Research and development [Member]
Shareholders' Equity (Details) - Schedule of share-based compensation expense [Line Items]
Total share-based compensation expense	2,457	1,071
Seles and marketing [Member]
Shareholders' Equity (Details) - Schedule of share-based compensation expense [Line Items]
Total share-based compensation expense	3,300	2,333
General and administrative [Member]
Shareholders' Equity (Details) - Schedule of share-based compensation expense [Line Items]
Total share-based compensation expense	$ 3,120	$ 2,377

Accumulated other Comprehensi_3

Accumulated other Comprehensive Income (Loss) (Details) - Schedule of changes in accumulated balances of other comprehensive income (loss) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 571
Other comprehensive income (loss) before reclassifications	(12,944)
Amounts reclassified from accumulated other comprehensive income	840
Net current period other Comprehensive income (loss)	(12,104)
Ending Balance	(11,533)
Unrealized gain (loss) on marketable securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(522)
Other comprehensive income (loss) before reclassifications	(9,928)
Amounts reclassified from accumulated other comprehensive income	10
Net current period other Comprehensive income (loss)	(9,918)
Ending Balance	(10,440)
Unrealized gain (loss) on cash flow hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	293
Other comprehensive income (loss) before reclassifications	(3,016)
Amounts reclassified from accumulated other comprehensive income	830
Net current period other Comprehensive income (loss)	(2,186)
Ending Balance	(1,893)
Foreign currency translation adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	800
Other comprehensive income (loss) before reclassifications
Amounts reclassified from accumulated other comprehensive income
Net current period other Comprehensive income (loss)
Ending Balance	$ 800

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Revenue Recognition [Abstract]
Contract liabilities	$ 3,768	$ 5,564
Recognized revenues	1,583
Provision for returns	$ 1,749	$ 2,178

Revenue Recognition (Details) -

Revenue Recognition (Details) - Schedule of revenue disaggregated by revenue source - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Total revenue	$ 141,429	$ 147,789
Systems [Member]
Disaggregation of Revenue [Line Items]
Total revenue	78,198	89,298
Ink and consumables [Member]
Disaggregation of Revenue [Line Items]
Total revenue	41,882	40,823
Services [Member]
Disaggregation of Revenue [Line Items]
Total revenue	11,404	9,160
Service contracts and software subscriptions [Member]
Disaggregation of Revenue [Line Items]
Total revenue	$ 9,945	$ 8,508

Revenue Recognition (Details)_2

Revenue Recognition (Details) - Schedule of revenue disaggregated by geography based on customer location - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
U.S [Member]
Revenue Recognition (Details) - Schedule of revenue disaggregated by geography based on customer location [Line Items]
Revenue	$ 70,992	$ 98,310
EMEA [Member]
Revenue Recognition (Details) - Schedule of revenue disaggregated by geography based on customer location [Line Items]
Revenue	48,583	33,526
Total revenue	141,429	147,789
Asia Pacific [Member]
Revenue Recognition (Details) - Schedule of revenue disaggregated by geography based on customer location [Line Items]
Revenue	13,473	10,815
Other [Member]
Revenue Recognition (Details) - Schedule of revenue disaggregated by geography based on customer location [Line Items]
Revenue	$ 8,381	$ 5,138

Revenue Recognition (Details)_3

Revenue Recognition (Details) - Schedule of remaining performance obligations represents contracted revenues - Services [Member] $ in Thousands	Jun. 30, 2022 USD ($)
Remainder of 2022 [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total	$ 3,873
2023 [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total	1,429
2024 and thereafter [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total	$ 235

Balances and Transactions wit_2

Balances and Transactions with Related Parties (Details) - USD ($) $ in Thousands		6 Months Ended
	Sep. 13, 2020	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Fritz Companies Israel T. Ltd [Member]
Balances and Transactions with Related Parties (Details) [Line Items]
Logistic service fees		$ 2,274	$ 2,095
Trade payables balances		250		$ 1,178
Accord Insurance Agency Ltd [Member]
Balances and Transactions with Related Parties (Details) [Line Items]
Total premium		262	193
Priority Software Ltd.[Member]
Balances and Transactions with Related Parties (Details) [Line Items]
Additional licenses		109	88
Tritone Technologies Ltd.[Member]
Balances and Transactions with Related Parties (Details) [Line Items]
Sublease	$ 2
Trade receivable		4		5
Magalcom Ltd. [Member]
Balances and Transactions with Related Parties (Details) [Line Items]
Total consideration		650
Service fees		56	$ 163
Trade payables		$ 0		$ 282