NASDAQ$KLTR
Kaltura Inc. · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported financial results with revenue, subscription revenue, and ARR growing at or above 40% year-over-year.
Kaltura reported a 40% increase in revenue for Q3 2021 compared to Q3 2020, with subscription revenue also increasing by 40%. The Annualized Recurring Revenue (ARR) grew by 41% year-over-year. However, the company experienced an increased net loss compared to the previous year.
- Total revenue, subscription revenue and ARR each growing at or above 40% year-over-year.
- Net Dollar Retention Rate increased to 117% from 111% in Q3 2020.
- Kaltura positioned as a Visionary in 2021 Gartner Magic Quadrant for Meeting Solutions.
- Continued product development work towards launch of next generation virtual event platform.
Headline financials
Revenue & EPS history
Kaltura · Revenue · Quarterly
$43M
Revenue by segment
Kaltura · $43M total across 2 segments · Q3 2021
- Enterprise, Education & Tech$30.4M+44.8%70.7%
- Media & Telecom$12.6M+30.9%29.3%
Forward guidance
For the fourth quarter of 2021, Kaltura expects revenue to be in the range of $41.2 million to $43.2 million and Adjusted EBITDA to be negative in the range of $9.5 million to $7.5 million. For the full year, revenue is expected to be in the range of $163.5 million to $165.5 million and Adjusted EBITDA to be negative in the range of $14.1 million to $12.1 million.
Tailwinds
- Revenue to be in the range of $41.2 million to $43.2 million for Q4 2021.
- Revenue to be in the range of $163.5 million to $165.5 million for the full year 2021.
- The guidance is based on current expectations relating to COVID-19 and its variants.
- Weighted average basic and diluted shares to be approximately 126.7 million for Q4 2021.
- Weighted average basic and diluted shares to be approximately 70.7 million for the full year 2021.
Headwinds
- Adjusted EBITDA to be negative in the range of $9.5 million to $7.5 million for Q4 2021.
- Adjusted EBITDA to be negative in the range of $14.1 million to $12.1 million for the full year 2021.
- Actual results may differ materially from forward-looking statements.
- Kaltura has not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net income (loss).
- The guidance is based on current expectations relating to COVID-19 and its variants.
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 Q3 2021
+1.2%
Avg return
Earnings day
+1.8%
Avg return
5 days after
-4.4%
Avg return
30 days after
59%
13 / 22 earnings
Positive
+33.1%
Q3 2024
Best reaction
-38.3%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.2% | +5.8% | — | |
| 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% | |
| Q2 2020 | +9.8% | +4.5% | -7.6% | |
| Q4 2020 | +9.8% | +4.5% | -7.6% | |
| Q2 2021 | +12.1% | +20.6% | -0.6% | |
| Q3 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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