NASDAQ$KLTR

Kaltura Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced financial results, showing progress towards planned return to profitable growth with improved cash flow and Adjusted EBITDA.

Kaltura's Q3 2022 revenue was $41.1 million, a decrease of 4% compared to Q3 2021. Subscription revenue increased by 1% to $37.9 million. The company is progressing towards its planned return to profitable growth, with improved cash flow and Adjusted EBITDA.

  • Revenue for the third quarter of 2022 was $41.1 million, a decrease of 4% compared to $43.0 million for the third quarter of 2021.
  • Subscription revenue for the third quarter of 2022 was $37.9 million, an increase of 1% compared to $37.7 million for the third quarter of 2021.
  • GAAP Operating loss was $14.9 million for the third quarter of 2022, compared to an operating loss of $5.9 million for the third quarter of 2021.
  • Net Cash Provided by Operating Activities was $1.1 million for the third quarter of 2022, compared to $(5.7) million for the third quarter of 2021.

Headline financials

Total Revenue

$41.1M

Previous: $43M-4.5%
EPS (adj)

-$0.09

Previous: -$0.26+65.4%
Net Dollar Retention Rate

96.0%

Previous: 117.0%-17.9%
Capital Expenditures

-$1M

Previous: -$1.58M+36.5%
Free Cash Flow

-$20.4M

Previous: -$26.7M+23.5%
Net Income

-$19.4M

Previous: -$25.2M+22.7%
Operating Income

-$14.9M

Previous: -$5.87M-152.9%
Gross Profit

$26.4M

Previous: $27.8M-5.2%
Cash & Equivalents

$52.6M

Previous: $180M-70.7%
Total Assets

$211M

Previous: $267M-21.2%
Stock-Based Comp

$6.1M

Previous: $3.74M+63.2%

Revenue & EPS history

Kaltura · Revenue · Quarterly

$41.1M

Q3 2022-4.5%vs Q3 2021
Beat estimate in 12 of 13 quarters(92%)
ActualEstimate

Revenue by segment

Kaltura · $41.1M total across 2 segments · Q3 2022

  • Enterprise, Education & Tech
    $30.1M-1.2%
  • Media & Telecom
    $11M-12.6%

Forward guidance

For the fourth quarter of 2022, Kaltura currently expects: Subscription Revenue to grow by 0%-3% year-over-year to between $38.5 million and $39.5 million. Total Revenue to increase by 1%-3% year-over-year to between $43.0 million and $44.0 million. Adjusted EBITDA to be negative in the range of $6.5 million to $5.5 million.

Tailwinds

  • Subscription Revenue to grow by 0%-3% year-over-year to between $38.5 million and $39.5 million.
  • Total Revenue to increase by 1%-3% year-over-year to between $43.0 million and $44.0 million.

Headwinds

  • Adjusted EBITDA to be negative in the range of $6.5 million to $5.5 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 Q3 2022

Historical avgQ3 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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