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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 reported a strong performance in Q1 2022, showing a 103% revenue increase to $80.5 million and a 180% growth in gross profit to $17.7 million. Adjusted gross profit soared 198% to $19.3 million, with an adjusted EBITDA rise of 641% to $6.2 million. Despite a net loss of $13.2 million, the company had a 130% dollar-based net expansion rate and maintains a robust balance sheet with $95.2 million in cash. Kaleyra adjusts its revenue outlook for Q2 2022 to between $81-$83 million, up 52% year-over-year, and full-year guidance to $360-$365 million.
Kaleyra, Inc. (NYSE: KLR) plans to release its first quarter 2022 financial results on May 9, 2022, at 4:30 PM ET. The conference call will include a presentation by management followed by a Q&A session. Kaleyra is a provider of cloud communications software, serving over 3,800 clients globally, managing billions of messages monthly through its APIs and connectivity solutions. The call will be accessible via dial-in numbers and will also be streamed live online.
Kaleyra, Inc. (NYSE: KLR) announced initiatives to aid Ukrainian refugees amid the ongoing crisis. A team traveled over 1,900 kilometers to deliver essential supplies to refugees in Romania. The company is launching fundraising efforts to support the Ukrainian Red Cross Society and local NGOs. Additionally, Kaleyra will prioritize job openings for qualified Ukrainian refugees, offering fully remote positions to assist their recovery. CEO Dario Calogero emphasized the importance of immediate help and long-term recovery efforts for affected individuals.
Kaleyra, a cloud communications software provider, reported strong financial results for Q4 and FY 2021. Total revenue reached $267.7 million for the year, an 82% increase, with Q4 revenue at $90.0 million—a 103% growth year-over-year. Gross profit also surged, showing a 135% annual increase to $57.5 million, and a 169% rise in Q4 to $21.1 million. The company ended with a cash position of $97.9 million. Despite a net loss of $34.0 million for the year, adjusted EBITDA was positive at $18.6 million, reflecting operational growth.
Kaleyra, Inc. (NYSE: KLR, KLRWS) plans to report its fourth quarter and full year 2021 financial results on February 16, 2022, during a conference call at 4:30 p.m. ET. The company, a leader in cloud communications and CPaaS, serves over 3800 customers globally. Kaleyra's services include messaging, video, voice, and chatbots, handling billions of messages monthly through a secure platform with extensive operator connections.
Kaleyra, Inc. (NYSE: KLR) has partnered with Banca Sella, a prominent Italian bank, to launch an innovative video communication solution for its Sella Global Advisory wealth management platform. This integration enhances customer interactions by enabling virtual appointments through secure audio and video calls, reducing the need for in-person visits. Kaleyra's technology allows clients to manage assets in one application, facilitating document sharing and meeting scheduling without additional software. The collaboration demonstrates Kaleyra's commitment to providing trusted communication solutions in the financial sector.
Kaleyra, Inc. (NYSE: KLR, KLR WS) has reported significant operational achievements in 2021, including the acquisition of mGage and Bandyer, expanding its customer base and service capabilities. The company delivered 13.5 billion billable messages and 1.5 billion voice calls in Q3 2021. Kaleyra anticipates meeting or exceeding its revenue guidance for Q4 and the full year. Management expresses confidence in maintaining growth momentum in 2022, aided by increasing demand and new service offerings, with a focus on geographic expansion and enhanced omnichannel capabilities.
Kaleyra, Inc. (NYSE: KLR) has been instrumental in supporting India's burgeoning startup ecosystem in 2021, providing CPaaS solutions to 18 of the 42 newly minted unicorns, including Mobile Premier League and Vedantu. With over 75 unicorns and a startup valuation exceeding $260 billion, India has become a global leader in innovation. Kaleyra aims to leverage its robust customer base of 3,800+ companies and extensive API connectivity to capitalize on this growth. The increasing number of investors and incubators, which grew seven-fold from 2015 to 2021, signals further opportunities for Kaleyra's expansion.
Kaleyra, Inc. (NYSE: KLR) has launched RCS Broadcast Messages on its 'ComPro' platform, enhancing communication for businesses in the USA, UK, and India. This new feature enables rich media messaging, including images and videos, aimed at improving user engagement. The Company anticipates significant increases in open and click rates, with a notable example cited of a UK retailer achieving a 55% read rate. Kaleyra's capabilities are bolstered by its acquisition of mGage, aiming to expand its RCS offerings and partnerships in diverse markets.
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