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Kaltura, Inc. (NASDAQ: KLTR) is a global leader in the video experience industry, offering diverse video solutions that cater to various sectors including enterprise, education, media, and telecom. Kaltura’s mission is to power any video experience, and it has successfully emerged as a key player in the OTT TV (Over-the-Top TV), OVP (Online Video Platform), EDVP (Education Video Platform), and EVP (Enterprise Video Platform) markets.
Kaltura provides robust live and on-demand video SaaS solutions that engage hundreds of millions of viewers globally. Its product suite includes the Learning Management System Video, Lecture Capture, and Virtual Classroom solutions tailored for educational institutions, as well as a comprehensive TV Solution for media and telecom companies. The company operates primarily through two reporting segments: Enterprise, Education & Technology, and Media & Telecom, with the majority of revenue generated from operations in the United States.
Recent Achievements: Kaltura has posted record subscription revenue for four consecutive quarters and recorded significant year-over-year total revenue growth. It recently achieved adjusted EBITDA profits for the first time since 2020, alongside positive cash flow from operations. The company continues to see increasing demand for its video solutions, driving larger deals with new and existing customers.
Kaltura is also known for its commitment to its core values of openness, flexibility, and collaboration. It supports the world’s leading open-source video-management project, boasting a community of over 100,000 members.
The company’s financial outlook remains positive, with raised guidance for the full year’s revenue and adjusted EBITDA. This optimism is further backed by strategic initiatives and a strong belief in the long-term growth potential of Kaltura’s video experience platforms.
For more detailed and updated information, visit Kaltura’s Investor Relations section.
Kaltura, Inc. (Nasdaq: KLTR), the video experience cloud, has announced it will release its third quarter financial results for the period ended September 30, 2024, before market open on Wednesday, November 6, 2024. The company will host a conference call to review its Q3 2024 financial results and discuss its financial outlook.
The conference call details are as follows:
- Date: Wednesday, November 6, 2024
- Time: 8:00 a.m. ET
- United States/Canada Toll Free: 1-877-407-0789
- International Toll: +1-201-689-8562
A live and archived webcast of the call will be available in the Investor Relations section of Kaltura's website at https://investors.kaltura.com/news-and-events/events.
Kaltura announced its Q2 2024 financial results, reporting record annualized recurring revenue (ARR) of $165.2 million, up 1% YoY. Revenue was $44.0 million, up slightly from $43.9 million in Q2 2023. Subscription revenue rose to $41.0 million. The company saw a GAAP net loss of $10.0 million, improving from $10.8 million in the previous year. However, non-GAAP operating profit was $0.5 million compared to a loss of $2.0 million. Adjusted EBITDA was $1.6 million, a significant improvement from negative $1.0 million last year.
Kaltura closed 23 six-digit deals and launched several AI enhancements. For Q3 2024, it expects subscription revenue of $40.5-41.2 million and adjusted EBITDA between negative $0.3 million and $0.7 million. Full-year 2024 guidance projects subscription revenue of $163.2-165.2 million and adjusted EBITDA of $2.0-3.0 million.
Kaltura, Inc. (Nasdaq: KLTR), the Video Experience Cloud, has announced that it will release its second quarter 2024 financial results on Thursday, August 8, 2024, before the market opens. The company will host a conference call to discuss these results and provide a financial outlook on the same day at 8:00 a.m. ET.
Investors and interested parties can access the call via toll-free numbers for the United States and Canada (+1-877-407-0789) or internationally (+1-201-689-8562). Additionally, a live and archived webcast of the conference call will be available on Kaltura's Investor Relations website.
Kaltura (Nasdaq: KLTR) has announced a stock repurchase program for up to $5 million of its common stock, signaling the Board and Management's belief that the current share price is undervalued. The repurchases can be made through various methods, including open market purchases and privately negotiated transactions, conforming to federal securities laws. The program has no time limit and can be modified or discontinued at any time without notice. It will be funded from existing cash and future cash flows. Kaltura also reaffirmed its financial guidance for Q2 and full-year 2024, expecting Q2 subscription revenue between $39.6M-$40.3M, total revenue between $42.7M-$43.5M, and adjusted EBITDA ranging from -$0.6M to $0.4M. For the full year, subscription revenue is forecasted between $161.2M-$164.2M, total revenue between $173.7M-$176.7M, and adjusted EBITDA between $0M-$1M.
Kaltura, Inc. announced its financial results for the first quarter of 2024, showcasing record total revenues and subscription revenues. The company reported improvements in gross retention and cash flows, aiming for sustainable profitable growth. Financial highlights included revenue of $44.8 million, Subscription Revenue of $41.2 million, and Annualized Recurring Revenue of $162.7 million. While GAAP Net loss was $11.1 million, Non-GAAP Net loss was $4.4 million, with Adjusted EBITDA at $0.6 million.
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