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Kaleyra, Inc. (NYSE: KLR) announced the launch of Kaleyra Video, an audio-video calling solution based on WebRTC technology, in the U.S. market on April 4, 2023. This expansion aims to meet growing consumer expectations for real-time communication, with the U.S. holding over 40% of the global WebRTC market share. Kaleyra Video offers a customizable white-label solution and integrated collaborative tools, catering to various sectors, including healthcare. The company is also completing HIPAA compliance to enhance its service offerings.
Kaleyra, Inc. (NYSE: KLR, KLR WS) has announced the effective date of a 1-for-3.5 reverse stock split of its common stock, starting March 9, 2023, at 12:01 am ET. This move follows shareholder approval on February 14, 2023. The reverse stock split will convert every 3.5 shares into one share, with no fractional shares issued. The total number of authorized shares and par values remain unchanged. Following the split, existing warrants will adjust to approximately 1,554,475 shares at an exercise price of $40.25. More details can be found in the definitive proxy statement available on their website and the SEC's site.
Kaleyra, Inc. (NYSE: KLR, KLR WS) will hold a conference call on February 15, 2023, at 4:30 PM ET to discuss its financial results for Q4 and full year 2022. Key management, including CEO Dario Calogero and CFO Giacomo Dall'Aglio, will present the results followed by a Q&A session. Interested participants can join via phone or listen to the live broadcast available on Kaleyra's website. A replay of the call will be available from 7:30 PM ET the same day until February 22, 2023. Kaleyra provides mobile communication services globally, managing billions of messages monthly across 190 countries.
Kaleyra, Inc. (NYSE: KLR, KLR WS) has launched a new chatbot platform for WhatsApp Business aimed at enhancing customer engagement. Companies can quickly develop and deploy chatbots, or create more complex solutions with Kaleyra's expert guidance. WhatsApp, with over 2 billion monthly users, offers vast potential for businesses to connect with customers effectively. Currently available in Europe, the Middle East, and India, the chatbots will be accessible in the U.S. in 2023. Kaleyra aims to help businesses leverage WhatsApp's messaging capabilities to improve their communication strategies.
Kaleyra, Inc. (NYSE: KLR, KLR WS) received a notice from the NYSE for not complying with the $1.00 share price requirement, as its average closing price was below this threshold for 30 consecutive trading days. The Company has ten business days to respond and plans to explore options, including a reverse stock split, to regain compliance within a six-month cure period. Failure to do so may lead to suspension and delisting of its stock. The notice does not alter Kaleyra's reporting obligations or create defaults in its debt agreements.
Kaleyra, Inc. (NYSE: KLR; KLR WS) announced its migration to Oracle Cloud Infrastructure to enhance its service offerings and reach. This partnership will leverage Oracle's superior performance, security, and scalability, enabling Kaleyra to serve thousands of customers more effectively. Kaleyra's long-standing collaboration with Oracle, dating back to 2018, has already increased customer adoption and communication volumes across various regions. The integration of Oracle products into Kaleyra's platform is expected to further strengthen its position in the API/CPaaS market.
Kaleyra, Inc. (NYSE: KLR, KLR WS) reported its Q3 2022 financial results, showing a total revenue of $83.9 million, down slightly from the previous year. Gross profit fell by 15% to $16.7 million, reflecting increased connectivity costs. Despite a net loss of $11.7 million, cash reserves grew to $87.6 million, marking a 17% increase quarter-over-quarter. Key partnerships with Truecaller and Amazon Pay India were highlighted. Kaleyra anticipates Q4 revenue between $86 – $90 million and projects full-year revenue at $331.5 – $335.5 million.
