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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, a cloud communications software provider, will present at the Oppenheimer 24th Annual Technology Internet & Communications Conference on August 11th at 4:35 PM ET. CEO Dario Calogero and CFO Giacomo Dall’Aglio are scheduled to speak. A live webcast and replay will be available on Kaleyra's website. The company specializes in CPaaS solutions, managing billions of messages globally and providing services to financial institutions and enterprises in over 190 countries.
Kaleyra, Inc. (NYSE: KLR) reported strong Q2 2021 results with revenue of $54 million, a 73% increase year-over-year, and gross profit up 140% to $10.5 million. The company's acquisition of mGage contributed $10.2 million in revenue for the quarter. Adjusted net income reached $0.5 million, marking a turnaround from a loss in the prior year. With guidance for Q3 revenue between $79.5 - $80.5 million and full-year revenue between $258 - $262 million, Kaleyra is optimistic about continued growth amid ongoing COVID-19 challenges.
Kaleyra, Inc. (NYSE American: KLR) has announced the upcoming release of its second quarter 2021 financial results on August 9, 2021, before market opening. Following this, management will host an investor conference call at 8:00 AM EST to discuss the results, with a live webcast available on their website. Kaleyra specializes in cloud communications, providing APIs and connectivity solutions in the CPaaS market, managing billions of messages monthly across 190 countries. For more information, visit kaleyra.com.
Kaleyra, Inc. (NYSE American: KLR) has acquired Bandyer, enhancing its mobile communication services with cloud-based audio/video capabilities. Bandyer specializes in providing customizable audio/video solutions for various sectors, including finance and healthcare, using WebRTC technology. This acquisition allows Kaleyra to offer a comprehensive suite for omnichannel customer engagement, incorporating AR and AI technologies. The move is part of Kaleyra’s ongoing strategy to expand its service offerings and strengthen its market position, particularly in the financial services sector.
Kaleyra (NYSE: KLR) has announced financial guidance following the acquisition of mGage. For Q2 2021, total revenue is projected between $50.0 and $51.0 million, including mGage's contribution for June. Full year revenue guidance is set at $258 – $262 million, with contributions from mGage expected to enhance results. While the company faces a decrease in volume in Brazil and India due to pandemic issues, signs of recovery are noted in the US and Europe. Forward-looking statements indicate potential risks associated with market acceptance and integration challenges.
Kaleyra, Inc. (NYSE: KLR) has successfully completed its acquisition of mGage for $215 million, comprising cash and stock. This strategic move positions Kaleyra as a top-5 global CPaaS platform, enhancing its messaging capabilities across various channels such as SMS and RCS. The deal is expected to increase Kaleyra's revenue guidance for Q2 2021 by $10-$11 million, bringing it to $50-$51 million. The acquisition will also expand Kaleyra’s customer base and strengthen its global connectivity, making it a significant player in the rapidly growing $26 billion CPaaS market.
Kaleyra, Inc. (NYSE American: KLR) has been recognized as one of the top 10 chatbot solution providers in 2021 by CIO Applications. This recognition highlights Kaleyra’s innovative solutions that allow businesses to automate customer interactions effectively. The global chatbot market is projected to grow from USD 2.9 billion in 2020 to USD 10.5 billion by 2026, indicating significant growth potential in the sector. Kaleyra's CEO, Dario Calogero, emphasizes the transformative impact of AI-based chatbots on business communication.
Kaleyra, Inc. (NYSE: KLR), a leading cloud communications provider, announces its executives will present at two notable investor conferences. The 16th Annual Needham Virtual Technology and Media Conference will take place on May 18 at 3:00 PM ET, featuring CEO Dario Calogero and CFO Giacomo Dall’Aglio. The Cowen 49th Annual TMT Conference is scheduled for June 3 at 8:30 AM ET. Investors can access a live webcast and a replay via Kaleyra’s website.
Kaleyra, a cloud communications software provider, reported Q1 2021 revenues of $39.7 million, up 18% year-over-year. Gross profit reached $6.3 million, a 34% increase, while gross margin improved to 16%. Despite these gains, the company faced a net loss of $(10.4) million or $(0.34) per share, impacted by acquisition costs. Kaleyra plans to acquire mGage for $215 million, aiming to enhance its CPaaS market position. Guidance for Q2 2021 expects revenues between $40.0 - $41.0 million and full-year estimates between $183 - $185 million.
Kaleyra, Inc. (NYSE American: KLR) will report its financial results for Q1 2021 on May 10, 2021, after market close. An investor conference call is scheduled for 5:00 p.m. EST to discuss these results, with a live webcast available on their investors' website. Kaleyra specializes in cloud communications, providing APIs and connectivity solutions, and manages billions of messages monthly across 190+ countries. This event will offer insights into the company's performance and future outlook.
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