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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 reported its third quarter 2022 financial results, revealing a revenue decrease of 4% to $41.1 million, despite a 1% rise in subscription revenue to $37.9 million. The company's GAAP net loss was $19.4 million, or $0.15 per diluted share. Adjusted EBITDA stood at $(7.2) million, worsening from the previous year. Looking ahead, Kaltura anticipates total revenue growth of 1%-3% in Q4, aiming for $43.0 million to $44.0 million while projecting a negative adjusted EBITDA range of $6.5 million to $5.5 million for the fourth quarter.
Kaltura, Inc. plans to release its third quarter financial results for the period ending September 30, 2022, on November 10, 2022, before market open. A conference call is scheduled for the same day at 8:00 a.m. ET to discuss the financial results and future outlook. Investors can join the call via a toll-free number or participate in a live webcast available on Kaltura's Investor Relations website. A replay of the call will be accessible for approximately 30 days following the event.
Kaltura Inc. (NASDAQ: KLTR) announced that its Board has unanimously rejected a non-binding proposal from Panopto, Inc. to acquire the company at $3.00 per share, deeming it significantly undervalued. The Board, after consulting with independent advisors, emphasized that the proposal does not reflect Kaltura's current business strength or future prospects. They remain committed to maximizing shareholder value and have implemented cost-reduction measures to return to profitable growth.
Kaltura reported second-quarter 2022 revenue of $42.0 million, a 1% increase year-over-year, driven by a 4% growth in subscription revenue. Despite a GAAP net loss of $17.3 million and an operating loss of $15.5 million, the company anticipates a return to growth in Q4 2022. Kaltura is restructuring to reduce costs, including a 10% workforce reduction, aiming for $18 million in annual savings. Future outlook suggests subscription revenue growth of 0%-2% for Q3 and 5%-7% for the full year.
Kaltura Inc. (NASDAQ: KLTR) announced awareness of a non-binding proposal from Panopto, Inc. to acquire all outstanding common stock for $3.00 per share in cash. This unsolicited offer will be evaluated by Kaltura’s Board of Directors. The company continues to focus on its strategy to enhance video experiences across various sectors, including education and entertainment, leveraging its Video Experience Cloud.
Kaltura, Inc. announced the release of its second quarter financial results for the period ended June 30, 2022, scheduled for August 9, 2022, before market open. The company will host a conference call at 8:00 a.m. ET on the same day to discuss the results and its financial outlook. The call can be accessed via toll-free numbers and will also be available as a live webcast on Kaltura’s investor relations website. A replay will be available for approximately 30 days post-call.
Kaltura reported its Q1 2022 financial results, highlighting a revenue of $41.7 million, an 11% increase from Q1 2021. Subscription revenues rose by 14% to $37.0 million. Annualized Recurring Revenue (ARR) hit $147.7 million, up 15% year-over-year. Despite growth in revenue, the company faced a GAAP operating loss of $14.7 million and a net loss of $16.9 million, compared to losses from the previous year. For Q2 2022, Kaltura expects modest revenue growth and predicts negative adjusted EBITDA between $8.5 million and $11.5 million.
Kaltura reported a first quarter revenue of $41.7 million, up 11% from $37.7 million in Q1 2021. Subscription revenue rose 14% to $37.0 million. Annualized Recurring Revenue (ARR) reached $147.7 million, a 15% increase. However, the company reported a GAAP net loss of $16.9 million, or $0.13 per diluted share, compared to a loss of $15.6 million in the prior year. Outlook for Q2 2022 anticipates total revenue growth of 0%-2% year-over-year and acknowledges ongoing negative adjusted EBITDA ranging from $(8.5) million to $(11.5) million.
Kaltura, the video experience cloud, will announce its first quarter financial results on May 10, 2022, before the market opens. A conference call at 8:00 a.m. ET will follow, providing insights into the company's financial performance and outlook. Investors can access the live webcast through Kaltura's Investor Relations website. The company offers a Video Experience Cloud that powers video experiences for various industries, including education and media, enhancing communication, training, and marketing efforts.
Kaltura reported financial results for Q4 and full year 2021. Q4 revenue reached $42.7 million, up 21% year-over-year, with subscription revenue increasing by 33% to $38.5 million. Annualized Recurring Revenue grew 29% to $150.8 million. However, GAAP net loss was $15.9 million, or $0.12 per share. For 2022, Kaltura anticipates subscription revenue growth of 12%-15% in Q1 and 10%-13% for the full year. Total revenue is expected to climb 5%-8%. Despite positive growth metrics, adjusted EBITDA is projected to be negative for both periods.
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