NASDAQ$KLTR

Kaltura Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Announced financial results exceeding guidance for the first quarter of 2022.

Kaltura's first quarter revenue and adjusted EBITDA exceeded the high end of their guidance range. The company's revenue for the first quarter of 2022 was $41.7 million, an increase of 11% compared to $37.7 million for the first quarter of 2021.

  • Revenue for the first quarter of 2022 was $41.7 million, an increase of 11% compared to $37.7 million for the first quarter of 2021.
  • Subscription revenue for the first quarter of 2022 was $37.0 million, an increase of 14% compared to $32.3 million for the first quarter of 2021.
  • Annualized Recurring Revenue (ARR) for the first quarter of 2022 was $147.7 million, an increase of 15% compared to $128.6 million for the first quarter of 2021.
  • GAAP Operating loss was $14.7 million for the first quarter of 2022, compared to an operating loss of $8.6 million for the first quarter of 2021.

Headline financials

Total Revenue

$41.7M

Previous: $37.7M+10.6%
EPS (adj)

-$0.09

Previous: -$0.73+87.7%
Net Dollar Retention Rate

107.0%

Previous: 116.0%-7.8%
Remaining Performance Obligations

$171M

Previous: $146M+17.3%
Capital Expenditures

-$445K

Previous: $517K-186.1%
Free Cash Flow

-$17.4M

Previous: -$7.08M-145.3%
Net Income

-$16.9M

Previous: -$15.6M-8.8%
Operating Income

-$14.7M

Previous: -$8.6M-70.4%
Gross Profit

$26.3M

Previous: $22.1M+18.7%
Cash & Equivalents

$120M

Previous: $19M+528.6%
Total Assets

$209M

No prior period
Stock-Based Comp

$5.68M

Previous: $4.96M+14.6%

Revenue & EPS history

Kaltura · Revenue · Quarterly

$41.7M

Q1 2022+10.6%vs Q1 2021
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Revenue by segment

Kaltura · $41.7M total across 2 segments · Q1 2022

  • Enterprise, Education & Tech
    $29.7M+8.8%
  • Media & Telecom
    $12M+15.3%

Forward guidance

Kaltura provided guidance for the second quarter and full year 2022.

Tailwinds

  • Subscription Revenue to grow by 1%-3% year-over-year to between $36.8 million and $37.6 million for Q2 2022.
  • Total Revenue to grow by 0%-2% year-over-year to between $41.6 million and $42.4 million for Q2 2022.
  • Subscription Revenue to grow by 10%-13% year-over-year to between $159.5 million and $163.8 million for the full year 2022.
  • Total Revenue to grow by 5%-8% year-over-year to between $173.3 million and $178.2 million for the full year 2022.

Headwinds

  • Adjusted EBITDA to be negative in the range of $8.5 million to $11.5 million for Q2 2022.
  • Adjusted EBITDA to be negative in the range of $27.0 million to $32.0 million for the full year 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.2%

Avg return

Earnings day

+1.8%

Avg return

5 days after

-4.1%

Avg return

30 days after

59%

13 / 22 earnings

Positive

+33.1%

Q3 2024

Best reaction

-38.3%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.2%+5.8%+2.2%
Q4 2025-9.4%-11.5%-18.7%
Q3 2025+24.7%+13.6%+14.3%
Q1 2025-0.5%+4.5%+1.4%
Q4 2024-2.0%-18.4%-25.2%
Q3 2024+33.1%+46.1%+57.7%
Q2 2024+3.5%+7.0%-5.2%
Q1 2024-3.1%-6.2%-36.4%
Q4 2023+2.1%-3.4%-8.3%
Q3 2023+1.1%-2.3%+2.3%
Q2 2023+4.0%+5.1%-2.5%
Q1 2023+5.1%+5.7%+2.3%
Q4 2022-2.0%-4.0%-1.0%
Q3 2022+11.4%+16.2%+10.2%
Q2 2022-1.9%-6.8%-18.4%
Q1 2021+2.7%+11.4%+20.8%
Q1 2022+1.4%+9.9%+28.4%
Q4 2021-38.3%-27.3%-39.9%
Q3 2021-35.2%-34.4%-58.1%
Q4 2020+9.8%+4.5%-7.6%
Q2 2020+9.8%+4.5%-7.6%
Q2 2021+12.1%+20.6%-0.6%
Q3 2020
Q1 2020

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