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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. 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.
Kaltura Inc. (NASDAQ: KLTR) announced awareness of a non-binding proposal from Panopto, Inc. to acquire all outstanding common stock for $3.00 per share in cash. This unsolicited offer will be evaluated by Kaltura’s Board of Directors. The company continues to focus on its strategy to enhance video experiences across various sectors, including education and entertainment, leveraging its Video Experience Cloud.
Kaltura, Inc. announced the release of its second quarter financial results for the period ended June 30, 2022, scheduled for August 9, 2022, before market open. The company will host a conference call at 8:00 a.m. ET on the same day to discuss the results and its financial outlook. The call can be accessed via toll-free numbers and will also be available as a live webcast on Kaltura’s investor relations website. A replay will be available for approximately 30 days post-call.
Kaltura reported its Q1 2022 financial results, highlighting a revenue of $41.7 million, an 11% increase from Q1 2021. Subscription revenues rose by 14% to $37.0 million. Annualized Recurring Revenue (ARR) hit $147.7 million, up 15% year-over-year. Despite growth in revenue, the company faced a GAAP operating loss of $14.7 million and a net loss of $16.9 million, compared to losses from the previous year. For Q2 2022, Kaltura expects modest revenue growth and predicts negative adjusted EBITDA between $8.5 million and $11.5 million.
Kaltura reported a first quarter revenue of $41.7 million, up 11% from $37.7 million in Q1 2021. Subscription revenue rose 14% to $37.0 million. Annualized Recurring Revenue (ARR) reached $147.7 million, a 15% increase. However, the company reported a GAAP net loss of $16.9 million, or $0.13 per diluted share, compared to a loss of $15.6 million in the prior year. Outlook for Q2 2022 anticipates total revenue growth of 0%-2% year-over-year and acknowledges ongoing negative adjusted EBITDA ranging from $(8.5) million to $(11.5) million.
Kaltura, the video experience cloud, will announce its first quarter financial results on May 10, 2022, before the market opens. A conference call at 8:00 a.m. ET will follow, providing insights into the company's financial performance and outlook. Investors can access the live webcast through Kaltura's Investor Relations website. The company offers a Video Experience Cloud that powers video experiences for various industries, including education and media, enhancing communication, training, and marketing efforts.
Kaltura reported financial results for Q4 and full year 2021. Q4 revenue reached $42.7 million, up 21% year-over-year, with subscription revenue increasing by 33% to $38.5 million. Annualized Recurring Revenue grew 29% to $150.8 million. However, GAAP net loss was $15.9 million, or $0.12 per share. For 2022, Kaltura anticipates subscription revenue growth of 12%-15% in Q1 and 10%-13% for the full year. Total revenue is expected to climb 5%-8%. Despite positive growth metrics, adjusted EBITDA is projected to be negative for both periods.
Kaltura will release its fourth quarter and full year financial results for the period ended December 31, 2021, on February 23, 2022, before market open. A conference call will follow at 8:00 a.m. ET to discuss these results and the company's financial outlook. Investors can join the call via the U.S. toll-free number 1-877-407-0789 or the international toll number +1-201-689-8562, using conference ID 13726386. A live webcast will also be available on the company's Investor Relations website, with a replay accessible for 30 days.