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Kaleyra, Inc. (NYSE: KLR) announced a 1-for-3.5 reverse stock split, effective around March 9, 2023, following shareholder approval on February 14, 2023. This move is aimed at boosting the stock price to meet the $1.00 listing requirement on the New York Stock Exchange. Post-split, the number of outstanding shares will decrease from approximately 45.9 million to around 13.1 million. The split won't affect stockholders' ownership percentages and no fractional shares will be issued. Stockholder actions depend on their holdings, with certificates requiring a letter of transmittal for surrender.
Kaleyra, Inc. (NYSE: KLR, KLR WS) announced on February 28, 2023 that it has launched its global messaging services on Oracle Cloud Infrastructure (OCI). This strategic move aims to enhance innovation in the CPaaS sector and expand its services globally, particularly in the US, EU, UAE, and APAC regions across various industries, including fintech and healthcare. OCI's capabilities allow Kaleyra to provide personalized messaging at scale, thereby improving customer engagement. Kaleyra has partnered with Oracle since March 2022, managing billions of messages worldwide through its advanced communication platform.
Kaleyra reported record revenues of $93.7 million for Q4 2022, a growth of 4.1% year-over-year, leading to a full-year total of $339.2 million, up 27% YoY. The company announced the implementation of a 2023 restructuring and cost reduction program aimed at reducing cash payroll costs by over 15%.
Despite the revenue growth, Kaleyra experienced a net loss of $57.8 million in Q4 due to a significant impairment loss on intangible assets. The gross profit also decreased to $17 million, reflecting higher customer onboarding costs.
Kaleyra, Inc. (NYSE: KLR, KLR WS) will announce its Q4 and full-year 2022 financial results on February 15, 2023, at 4:30 PM ET. The call will be hosted by CEO Dario Calogero, CFO Giacomo Dall'Aglio, and Investor Relations VP Colin Gillis, featuring a presentation followed by a Q&A session. Interested parties can join the call by dialing 1-855-327-6837 (US) or 1-631-891-4304 (international) ten minutes before the start. A replay will be available post-call until February 22, 2023, via toll-free number 1-844-512-2921. Kaleyra provides CPaaS services to diverse sectors globally, managing vast messaging traffic securely.
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) has announced its participation in the 25th Annual Needham Growth Conference taking place from January 10 to January 12, 2022, in New York City. Management will present in-person on the afternoon of January 10, with one-on-one meetings available for investors on January 10 and January 11. CEO Dario Calogero, CFO Giacomo Dall'Aglio, and VP of Investor Relations Colin Gillis will represent the company. Kaleyra provides mobile communication services globally, managing billions of messages monthly through its advanced platform.
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) has partnered with Fincons to enhance Flowe, Mediolanum Bank's digital platform, by integrating Kaleyra Video for secure customer communications. This collaboration boosts fraud detection and improves user experience through personalized video interactions.
Customers receive branded calls, reinforcing trust and security, with a click-to-call feature enabling instant connection without sharing personal data. The partnership aims to enhance Flowe's commitment to safe banking practices amid increasing cybersecurity concerns.
Kaleyra, Inc. (NYSE: KLR) announced an upcoming investor fireside chat hosted by RBC analyst Rishi Jaluria. The chat will feature CEO Dario Calogero, CFO Giacomo Dall'Aglio, and VP of Investor Relations Colin Gillis on December 20, 2022. Interested parties can contact RBC representatives or reach out via KLR@mzgroup.us. Kaleyra provides an enterprise Communication Platform as a Service (CPaaS), managing multi-channel communications for various sectors worldwide, including financial institutions and healthcare providers.
Kaleyra, Inc. (NYSE: KLR) announced its participation in the virtual Oppenheimer 5G Summit on December 13, 2022, at 10:45 AM Eastern Time. Key executives will present and engage in one-on-one meetings with investors. The company specializes in enterprise Communication Platform as a Service (CPaaS), providing mobile communication services across various sectors globally. Kaleyra's platform handles billions of messages monthly and boasts over 1,600 operator connections in more than 190 countries.
