KALTURA INC Stock Price, News & Analysis

Kaltura, Inc. announced it will release its first quarter financial results for the period ending March 31, 2023, on May 9, 2023, before market open. A conference call will take place at 8:00 a.m. ET on the same day to discuss the financial results and outlook.

Investors can join the call via toll-free numbers or access a live webcast on Kaltura's Investor Relations website. A replay of the webcast will be available for approximately 30 days after the call.

Kaltura focuses on enhancing video experiences for various sectors, including education and media, using its Video Experience Cloud to enable live, real-time, and on-demand video products.

Kaltura reported its financial results for Q4 and FY 2022, showing a return to growth with Q4 revenue of $44.1 million, up 3% from Q4 2021. Subscription revenue also increased by 3%, reaching $39.6 million. For the full year, revenue was $168.8 million, a 2% rise. However, the company faced a GAAP net loss of $68.5 million for FY 2022, up from $59.4 million in the previous year. Kaltura expects continued growth in 2023, forecasting Q1 subscription revenue growth of 5%-7% and total revenue growth of 1.5%-3.5%. Despite macroeconomic challenges, Kaltura maintains its commitment to improving Adjusted EBITDA.

Kaltura, Inc. announced that it will release its fourth quarter and full year financial results for the period ended December 31, 2022 before market open on February 22, 2023. A conference call will follow to discuss these results and the company's financial outlook.

The call is scheduled for 8:00 a.m. ET, and both a live webcast and a replay will be available on Kaltura’s Investor Relations webpage.

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.