NASDAQ$KLTR

Kaltura Inc. · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Announced financial results, delivering record ARR and increased new bookings, while sustaining improved gross retention and achieving adjusted EBITDA profitability.

Kaltura reported a slight increase in revenue for Q2 2024, with subscription revenue and ARR also showing growth. The company achieved GAAP gross profit and margin consistent with the previous year, while improving GAAP operating loss and net loss. Adjusted EBITDA was positive, and the company is raising its revenue and adjusted EBITDA guidance for the full year.

  • Delivered record annualized recurring revenue (ARR) for the second quarter.
  • Posted a sequential and year-over-year increase in new bookings.
  • Sustained the improved gross retention rate seen in the first quarter.
  • Achieved its fourth consecutive quarter of Adjusted EBITDA profitability.

Headline financials

Total Revenue

$44M

Previous: $43.9M+0.3%
EPS

-$0.07

Previous: -$0.02-250.0%
Net Dollar Retention Rate

98.0%

Previous: 100.0%-2.0%
Remaining Performance Obligations

$178M

Previous: $174M+2.0%
Capital Expenditures

-$327K

Previous: -$1.59M+79.4%
Free Cash Flow

-$10.3M

Previous: -$12.4M+16.5%
Net Income

-$10M

Previous: -$10.8M+7.2%
Operating Income

-$8.55M

Previous: -$9.56M+10.6%
Gross Profit

$28.7M

Previous: $28.6M+0.3%
Cash & Equivalents

$34.3M

Previous: $40.2M-14.7%
Total Assets

$171M

Previous: $189M-9.3%
R&D Expense

$12.1M

No prior period
Stock-Based Comp

$8.9M

Previous: $7.42M+19.9%

Revenue & EPS history

Kaltura · Revenue · Quarterly

$44M

Q2 2024+0.3%vs Q2 2023
Beat estimate in 12 of 13 quarters(92%)
ActualEstimate

Revenue by segment

Kaltura · $43.5M total across 2 segments · Q3 2023

  • Enterprise, Education & Tech
    $31.1M+3.5%
  • Media & Telecom
    $12.4M+13.2%

Forward guidance

Kaltura expects subscription revenue to grow (decline) by (1)%-1% year-over-year to between $40.5 million and $41.2 million. Total Revenue to be flat to down 2% year-over-year to between $42.6 million and $43.3 million. Adjusted EBITDA to be in the range of negative $0.3 million to $0.7 million.

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 Q2 2024

Historical avgQ2 2024

+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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro