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Kaleyra, Inc. (NYSE: KLR) is a global leader in omnichannel integrated communication services. The company offers a suite of proprietary platforms that provide personalized communication solutions including messaging, video, push notifications, e-mail, voice-based services, and chatbots. Kaleyra's services are crucial for financial institutions, e-commerce platforms, healthcare providers, and other large-scale organizations worldwide.
Founded 24 years ago, Kaleyra has grown from a small Italian startup to a publicly listed company on the New York Stock Exchange. Recently, Kaleyra has entered into an agreement with Tata Communications, a global digital ecosystem enabler. The acquisition, valued at approximately $100 million, is expected to finalize within six to nine months. This merger will make Kaleyra a subsidiary of Tata Communications, significantly enhancing their market presence and technological capabilities.
Kaleyra has reported robust financial performance, with revenues reaching USD 339.2 million in 2022, marking a 26.7% increase from the previous year. This reflects the company’s effective strategies and expanding market reach.
Kaleyra's cutting-edge technology can manage billions of messages monthly, supported by over 1600 operator connections in more than 190 countries, including all tier-1 US carriers. The company's ability to handle such large-scale operations securely and efficiently makes it a significant player in the business communications sector.
The recent management changes at Kaleyra, including the resignation of Chief Product & Technology Officer Nicola Vitto and the continued leadership of CEO Dario Calogero, signal an exciting phase of transformation and growth. Kaleyra's latest partnership with stc Bahrain aims to enhance digital communication capabilities in the Middle East, showing their commitment to global expansion.
With Tata Communications’ extensive network and technological prowess, the combined entity aims to set new benchmarks in enterprise communications, leveraging Kaleyra's expertise in technology, engineering, and R&D. The collaboration promises to deliver innovative multi-channel communication solutions, propelling both companies toward new growth opportunities.
Kaleyra, Inc. (NYSE: KLR, KLR WS) received a notice from the NYSE for not complying with the $1.00 share price requirement, as its average closing price was below this threshold for 30 consecutive trading days. The Company has ten business days to respond and plans to explore options, including a reverse stock split, to regain compliance within a six-month cure period. Failure to do so may lead to suspension and delisting of its stock. The notice does not alter Kaleyra's reporting obligations or create defaults in its debt agreements.
Kaleyra, Inc. (NYSE: KLR; KLR WS) announced its migration to Oracle Cloud Infrastructure to enhance its service offerings and reach. This partnership will leverage Oracle's superior performance, security, and scalability, enabling Kaleyra to serve thousands of customers more effectively. Kaleyra's long-standing collaboration with Oracle, dating back to 2018, has already increased customer adoption and communication volumes across various regions. The integration of Oracle products into Kaleyra's platform is expected to further strengthen its position in the API/CPaaS market.
Kaleyra, Inc. (NYSE: KLR, KLR WS) reported its Q3 2022 financial results, showing a total revenue of $83.9 million, down slightly from the previous year. Gross profit fell by 15% to $16.7 million, reflecting increased connectivity costs. Despite a net loss of $11.7 million, cash reserves grew to $87.6 million, marking a 17% increase quarter-over-quarter. Key partnerships with Truecaller and Amazon Pay India were highlighted. Kaleyra anticipates Q4 revenue between $86 – $90 million and projects full-year revenue at $331.5 – $335.5 million.
Kaleyra, Inc. (NYSE: KLR) will hold a conference call on November 7, 2022, at 4:30 p.m. ET to discuss its Q3 2022 financial results. The call will follow a press release with financial data issued prior to the call. Investors can access the call by dialing 855-327-6837 (U.S.) or 631-891-4304 (international). A replay will be available after 7:30 p.m. ET on the same day. Kaleyra is a global communications platform providing services to various sectors.
Kaleyra (NYSE: KLR, KLRWS) has engaged MZ Group to enhance its investor relations and financial communications strategy. The collaboration aims to increase visibility in key markets, highlighting Kaleyra's CPaaS solutions that connect businesses with customers globally. MZ Group will support roadshows and increase brand awareness, leveraging their reputation and extensive network. Kaleyra's technology processed over 44 billion messages and 5.8 billion voice calls in 2021 and achieved a milestone of over 20 million Google Verified Calls in 2022. This partnership is positioned to drive innovation and expand revenue efforts.
Kaleyra, Inc. (NYSE: KLR) has expanded its global sales team by 42.8% in 2022, surpassing 100 members. This growth aligns with the CPaaS industry's projected valuation of over $10.9 billion in 2022. Amid global economic challenges, Kaleyra has opened regional offices in Dubai and Atlanta to bolster its sales force. The company's CEO emphasized the importance of hiring top talent to meet increasing demand for omnichannel solutions. Kaleyra's technological infrastructure supports multi-channel communication services across 190+ countries, aiming to capitalize on rising enterprise needs.
Kaleyra, Inc. (NYSE: KLR) announced a partnership to provide SMS services as a preferred provider for Amazon Pay India, enhancing communication for payment transactions. Kaleyra's robust API will facilitate critical messaging, including One-Time Passwords (OTPs), improving customer experience. The Amazon Pay platform, launched in India in April 2020, offers secure payment solutions. Kaleyra, recognized as a top global CPaaS leader, serves over 3,800 international clients, focusing on integrating SMS services to grow Amazon Pay's market share in India.
Kaleyra (NYSE: KLR) has surpassed a significant milestone, managing over 20 million Google Verified Calls through its Voice API in 2022, including 10 million calls verified just in August. This achievement addresses a common issue where consumers answer less than 50% of inbound calls, largely due to increased phone scams. The Google Verified Calls system enhances trust and connection between businesses and consumers, potentially boosting revenues. Kaleyra aims to further develop this service for clients, solidifying its role as a trusted communications platform.
Kaleyra (NYSE: KLR) has issued a cease-and-desist letter to TCR Acquisition LLC and its principals, Frederick M. Joyce and Giovanni Tarone, over false claims regarding its subsidiary, The Campaign Registry. The company asserts that these claims aim to damage its business relationships and reputation. Kaleyra's Board rejected a buyout offer from TCR, leading to allegations of misinformation by Joyce and Tarone. Kaleyra is investigating these motives and plans to pursue legal action to safeguard its interests and those of its shareholders.
Kaleyra, Inc. (NYSE: KLR) has partnered with Truecaller to enhance business communication through the Verified Business Caller ID solution. This service will allow Kaleyra's clients in India to showcase legitimacy via a 'Verified' badge, providing context during communications. The collaboration aims to improve consumer trust and reduce confusion from unsolicited calls. Both companies emphasize the importance of authenticity in business communications, particularly in the current environment where fraudulent activities are rampant.
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