Certain information included or incorporated by reference in this annual report on Form 20-F may be deemed to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are often characterized by the use of forward-looking terminology such as “may,” “will,” “expect,” “anticipate,” “estimate,” “continue,” “believe,” “should,” “intend,” “project” or other similar words, but are not the only way these statements are identified.
These forward-looking statements may include, but are not limited to, statements relating to our objectives, plans and strategies, statements that contain projections of results of operations or of financial condition and all statements (other than statements of historical facts) that address activities, events or developments that we expect, project, believe, anticipate, intend or project will or may occur in the future.
The statements that we make regarding the following matters are forward-looking by their nature:
| ● | our plans to develop, introduce and sell new or improved products and product enhancements, including specifically our Apollo, Atlas Max Plus, Atlas Max Poly, Presto Max, Smart curing systems, Rapid Size Shifter pallets and KornitX; |
| ● | our expectations regarding our future gross margins and operating expenses; |
| ● | our expectations regarding our growth and overall profitability; |
| ● | our expectations concerning sales to, and revenues to be generated from, significant customers, including Amazon; |
| ● | our expectations regarding challenging global macro-economic conditions, such as changes in consumer demand, relatively high interest rates and inflationary conditions, which have been impacting and may continue to impact, in an adverse manner, the budgets of our customers and potential customers for capital expenditures and, consequently, our revenues, profitability and cash flows; |
| ● | our expectations regarding the impact of variability on our future revenues; |
| ● | our expectations regarding drivers of our future growth, including anticipated sales growth, penetration of new product markets, and expansion of our customer base; |
| ● | our expectations relating to new business models, such as our All-Inclusive Click (AIC™) model, which we launched during 2024; |
| ● | our plans regarding our distribution strategy for our products; |
| ● | our goals with respect to the environmental impact of our operations and products; |
| ● | our expectations concerning competition; |
| ● | our expectations regarding the success of our new systems and other products; |
| ● | the expected impact of new accounting pronouncements on our results of operations; |
| ● | the impact of government laws and regulations; |
| ● | our expectations regarding our anticipated cash requirements for the next 12 months; |
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| ● | our plans to expand our international operations; |
| ● | our plans to file and procure additional patents relating to our intellectual property rights and the adequate protection of these rights; |
| ● | our expectations regarding the economic environment in Israel following Israel’s recent war and military conflicts against the terrorist organizations Hamas and Hezbollah, Iran, and, intermittently, the Houthi terrorist organization in Yemen, and whether and how that environment may impact our company; |
| ● | our expectations regarding the effects of changes to our organization and our operating model; and |
| ● | our plans to pursue strategic acquisitions or invest in complementary companies, products or technologies and our expectations as to the success of those acquisitions and investments. |
The preceding list is not intended to be an exhaustive list of all of our forward-looking statements. The forward-looking statements are based on our beliefs, assumptions and expectations of future performance, taking into account the information currently available to us. These statements are only predictions based upon our current expectations and projections about future events. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. In particular, you should consider the risks described in “ITEM 3.D. Risk Factors” and the additional information contained in “ITEM 4 Information on the Company” and “ITEM 5. Operating and Financial Review and Prospects.”
You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance, and events and circumstances reflected in the forward-looking statements will be achieved or will occur.
