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Kaltura, Inc. reports developments tied to its video SaaS and agentic digital experience platform for enterprises, educational institutions, financial institutions, media companies and telecom providers. Recurring updates cover intelligent content creation, enterprise content management and intelligence, multimodal conversational engagement, virtual events and webinar workflows, and AI-enabled avatar applications for training, knowledge sharing and revenue engagement.
Company news also includes product launches such as Avatar Video Production Studio, AI agent skills, Event OS integrations for the Kaltura Events Platform, Agentic Avatar roleplay solutions and regional infrastructure for data residency. Kaltura also issues routine financial-results announcements, conference participation updates and platform expansion news.
Kaltura, Inc. (Nasdaq: KLTR), the video experience cloud, has announced it will release its third quarter financial results for the period ended September 30, 2024, before market open on Wednesday, November 6, 2024. The company will host a conference call to review its Q3 2024 financial results and discuss its financial outlook.
The conference call details are as follows:
- Date: Wednesday, November 6, 2024
- Time: 8:00 a.m. ET
- United States/Canada Toll Free: 1-877-407-0789
- International Toll: +1-201-689-8562
A live and archived webcast of the call will be available in the Investor Relations section of Kaltura's website at https://investors.kaltura.com/news-and-events/events.
Kaltura announced its Q2 2024 financial results, reporting record annualized recurring revenue (ARR) of $165.2 million, up 1% YoY. Revenue was $44.0 million, up slightly from $43.9 million in Q2 2023. Subscription revenue rose to $41.0 million. The company saw a GAAP net loss of $10.0 million, improving from $10.8 million in the previous year. However, non-GAAP operating profit was $0.5 million compared to a loss of $2.0 million. Adjusted EBITDA was $1.6 million, a significant improvement from negative $1.0 million last year.
Kaltura closed 23 six-digit deals and launched several AI enhancements. For Q3 2024, it expects subscription revenue of $40.5-41.2 million and adjusted EBITDA between negative $0.3 million and $0.7 million. Full-year 2024 guidance projects subscription revenue of $163.2-165.2 million and adjusted EBITDA of $2.0-3.0 million.
Kaltura, Inc. (Nasdaq: KLTR), the Video Experience Cloud, has announced that it will release its second quarter 2024 financial results on Thursday, August 8, 2024, before the market opens. The company will host a conference call to discuss these results and provide a financial outlook on the same day at 8:00 a.m. ET.
Investors and interested parties can access the call via toll-free numbers for the United States and Canada (+1-877-407-0789) or internationally (+1-201-689-8562). Additionally, a live and archived webcast of the conference call will be available on Kaltura's Investor Relations website.
Kaltura (Nasdaq: KLTR) has announced a stock repurchase program for up to $5 million of its common stock, signaling the Board and Management's belief that the current share price is undervalued. The repurchases can be made through various methods, including open market purchases and privately negotiated transactions, conforming to federal securities laws. The program has no time limit and can be modified or discontinued at any time without notice. It will be funded from existing cash and future cash flows. Kaltura also reaffirmed its financial guidance for Q2 and full-year 2024, expecting Q2 subscription revenue between $39.6M-$40.3M, total revenue between $42.7M-$43.5M, and adjusted EBITDA ranging from -$0.6M to $0.4M. For the full year, subscription revenue is forecasted between $161.2M-$164.2M, total revenue between $173.7M-$176.7M, and adjusted EBITDA between $0M-$1M.
Kaltura, Inc. announced its financial results for the first quarter of 2024, showcasing record total revenues and subscription revenues. The company reported improvements in gross retention and cash flows, aiming for sustainable profitable growth. Financial highlights included revenue of $44.8 million, Subscription Revenue of $41.2 million, and Annualized Recurring Revenue of $162.7 million. While GAAP Net loss was $11.1 million, Non-GAAP Net loss was $4.4 million, with Adjusted EBITDA at $0.6 million.
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