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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. reported strong second-quarter results for 2022, with revenue of $81.1 million, reflecting a 50% increase year-over-year, driven largely by the mGage acquisition. Gross profit surged 78% to $18.7 million, with an adjusted gross profit of $20.2 million, a rise of 82%.
Despite these gains, the company reported a net loss of $15.8 million, significantly deepened from $4.5 million a year earlier. Looking ahead, Kaleyra projects third-quarter revenue between $83 million and $87 million and a full-year forecast of $345 million to $350 million.
Kaleyra, Inc. (NYSE: KLR) announced its participation in upcoming financial conferences in August 2022. The events include the Oppenheimer 25th Annual Technology, Internet & Communications Conference on August 10 and the Rosenblatt Securities 2nd Annual Virtual Technology Summit on August 25. Kaleyra's communication services support a global customer base of over 3,800 companies, managing billions of messages monthly through its robust platform. For inquiries, stakeholders are encouraged to contact Kaleyra's investor relations team.
Kaleyra, Inc. (NYSE: KLR) will hold a conference call on August 8, 2022, at 4:30 p.m. ET to discuss its financial results for Q2 ended June 30, 2022. A press release detailing these results will precede the call. Kaleyra serves over 3,800 customers globally, providing integrated communication services, including messaging and voice. The call will be available for replay until August 15, 2022, with details for dial-in provided. Investors can access the call via the Investor Relations section of Kaleyra's website.
Kaleyra, Inc. (NYSE: KLR) announced its partnership with Moneyfarm, Europe's leading digital wealth manager, to enhance customer communications through the proprietary Kaleyra Video solution. This innovative tool allows Moneyfarm's advisors to securely connect with over 80,000 active investors via real-time audio/video interactions. Currently integrated into Moneyfarm's CRM and website, there are plans for future integration into its mobile app. Kaleyra's focus on data privacy and customizable branding aims to optimize efficiency for Moneyfarm's operations.
Kaleyra, Inc. (NYSE: KLR, KLR.WS) has rejected TCR Acquisition LLC's unsolicited offer to acquire its subsidiary, The Campaign Registry. The Board determined the proposal significantly undervalues The Campaign Registry's growth potential and is not in the best interest of shareholders. Kaleyra's CEO emphasized The Campaign Registry's strategic importance and its role in enhancing service reliability in the messaging sector. Kaleyra aims to leverage the growth of The Campaign Registry to drive long-term shareholder value.
Kaleyra, Inc. (NYSE: KLR) announced the appointment of Colin Gillis as Vice President of Investor Relations, effective immediately. Gillis, a former equity research analyst, brings over a decade of industry experience and a background in analyzing public and private companies. His roles included Director of Research at BGC Partners and Senior Technology Analyst at Chatham Road Partners. CEO Dario Calogero emphasized Gillis's expertise to enhance the company's investor engagement and visibility as Kaleyra continues to grow and mature.
On June 14, 2022, Kaleyra (NYSE: KLR) announced a partnership with the Santagostino healthcare network in Italy to enhance patient care through remote assistance. The initiative will be piloted in five clinics, providing a digital platform for patients to connect with healthcare professionals via video calls, WhatsApp, and voice calls. The service complies with the ATS Health Protection Agency regulations, ensuring patient privacy. Kaleyra's technology aims to improve patient satisfaction and reduce wait times, aligning with the growing demand for digital health solutions.
Kaleyra, Inc. (NYSE: KLR, KLR WS) announced a donation of nearly $30,000 to Ukrainian relief efforts, comprising $20,000 from the company and approximately $10,000 from employee contributions. This initiative is part of Kaleyra's commitment to support the Ukrainian people amidst the ongoing crisis. The funds will go to the Ukrainian Red Cross Society, aiding in medical supplies and infrastructure repair. Kaleyra has also established an employment program for displaced Ukrainians and has participated in multiple supply trips to refugee areas in Romania.
Kaleyra, Inc. (NYSE: KLR) has appointed Zephrin Lasker as Senior Vice President of Marketing and Strategic Alliances, effective May 17, 2022. Lasker, a five-time start-up founder and expert in messaging and digital marketing, will enhance Kaleyra's market presence. Previously, he co-founded ShopChat, which was acquired by Rakuten Viber, and has held leadership roles at Constant Contact and Pontiflex. Kaleyra's CEO, Dario Calogero, believes Lasker's experience will drive strategic growth and strengthen partnerships.
Kaleyra, Inc. (NYSE: KLR) announced its participation in key financial conferences scheduled for June 2022. These events include the 19th Annual Craig-Hallum Institutional Investor Conference and the Jefferies Software Conference, both taking place on June 1-2, along with Cowen's 50th Annual Technology, Media & Telecom Conference. Company executives, including CEO Dario Calogero and CFO Giacomo Dall'Aglio, will represent the firm. Kaleyra, serving over 3,800 clients globally, provides comprehensive API-driven communication solutions, managing billions of messages monthly through a secure infrastructure.
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