Welcome to our dedicated page for Kaltura news (Ticker: KLTR), a resource for investors and traders seeking the latest updates and insights on Kaltura stock.
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.
Gamida Cell Ltd. (Nasdaq: GMDA) announced the appointment of Anat Cohen-Dayag, Ph.D., and Naama Halevi-Davidov, Ph.D., to its Board of Directors as Class II Directors. This move aims to enhance the company's scientific and financial capabilities in advancing its cell therapy pipeline. Dr. Cohen-Dayag brings over 25 years of biotech experience, while Dr. Halevi-Davidov has extensive financial expertise, previously serving as CFO of Kaltura, Inc. These additions are expected to strengthen Gamida Cell's mission to develop innovative cures for serious diseases.
Kaltura (NASDAQ:KLTR) has expanded its partnership with Verbit, a leading transcription and captioning company. This collaboration enhances Kaltura's offerings in the education and corporate sectors by providing accurate captions and searchable video capabilities. As demand for digital accessibility grows, the partnership aims to meet new industry standards and improve user engagement. Verbit's technology employs advanced AI and a network of 35,000 transcribers to achieve over 99% accuracy and rapid turnaround, addressing the rising need for accessible video content.
Kaltura (NASDAQ:KLTR) announced the expansion of Vodafone TV into Germany, marking the service's launch in nine countries. Powered by the Kaltura TV Platform, this service now serves over two million subscribers globally. Vodafone TV, which integrates OTT and pay-TV features, leverages Kaltura’s technology for efficient launches and updates across markets. The partnership, established in 2014, highlights Vodafone's strategy in becoming a leading multi-country Cloud TV solution provider.
Kaltura (Nasdaq: KLTR) released its report The State of Virtual Events 2022, highlighting the significant shift towards virtual events. Notably, 84% of attendees prefer having virtual attendance options. The report indicates that 92% of event organizers moved away from physical events in 2021, with 94% planning virtual events in 2022. Attendees have expressed satisfaction, with 93% feeling the transition was well-managed. The survey included over 1,250 participants, providing insights into engagement and ROI in the evolving event landscape.
Kaltura reported strong third-quarter results for 2021, with total revenue of $43.0 million, a 40% increase year-over-year. Subscription revenue also grew by 40% to $37.7 million, while Annualized Recurring Revenue (ARR) rose by 41% to $151.7 million. Gross profit improved to $27.8 million, yielding a gross margin of 65%. However, the company experienced a net loss of $25.2 million. For Q4 2021, Kaltura expects revenue between $41.2 million and $43.2 million, with adjusted EBITDA projected to remain negative.
Kaltura (Nasdaq: KLTR) has been recognized as a Visionary in the Gartner Magic Quadrant for Meetings Solutions and ranked 4th in the 'External Presentation' and 5th in 'Learning and Training' and 'Webinars' in the Gartner 2021 Critical Capabilities for Meeting Solutions report. Their Video Experience Cloud offers a suite of video products and services used by millions globally. Co-founder Ron Yekutiel highlighted the company's rapid integration of real-time conferencing capabilities into their platform.
Kaltura, Inc. will release its third quarter financial results on November 3, 2021, before the market opens. The conference call is scheduled for 8:00 a.m. ET, where the company will discuss its financial results and outlook. Investors can access the call by dialing the provided toll-free numbers or joining via a live webcast on Kaltura's investor relations site. A replay will be available two hours post-call for one month.
Oracle has been selected by Kaltura to support its global expansion through Oracle Cloud Infrastructure (OCI). This partnership aims to enhance Kaltura's Video Experience Cloud, which includes services such as live streaming and video content management. By leveraging OCI's superior price-performance and built-in security, Kaltura anticipates significant savings and operational efficiency. Both companies will market and sell Kaltura's solutions jointly, aiming to accelerate Kaltura's growth in the enterprise video market.
Kaltura reported strong financial results for Q2 2021, achieving revenue of $41.6 million, a 45% year-over-year increase. Subscription revenue surged 46% to $36.5 million. Annualized Recurring Revenue (ARR) rose to $145.4 million, up 46%. Despite a gross profit of $26.0 million, Kaltura faced an operating loss of $5.8 million and a net loss of $2.7 million. For Q3 2021, revenue guidance is set between $41.5 million to $42.5 million, with an expected negative adjusted EBITDA of $6.5 million to $4.5 million.
Kaltura announced the full exercise of underwriters' option for an additional 2,250,000 shares in its initial public offering, raising the total to 17,250,000 shares sold. This led to gross proceeds of $172,500,000 before deductions. The IPO was managed by top financial institutions including Goldman Sachs and BofA Securities. The offering was facilitated under a registration statement approved by the Securities and Exchange Commission.
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