NASDAQ$KLTR

Kaltura Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Kaltura's Q4 2021 financial results reflected revenue growth and strategic product enhancements.

Kaltura's Q4 2021 revenue increased by 21% year-over-year to $42.7 million, with subscription revenue growing by 33% to $38.5 million. The company introduced new product enhancements and experienced a GAAP operating loss of $12.4 million.

  • Revenue for the fourth quarter of 2021 was $42.7 million, an increase of 21% compared to the fourth quarter of 2020.
  • Subscription revenue for the fourth quarter of 2021 was $38.5 million, an increase of 33% compared to the fourth quarter of 2020.
  • GAAP Gross profit for the fourth quarter of 2021 was $26.8 million, representing a gross margin of 63%.
  • GAAP Net loss was $15.9 million or $0.12 per diluted share for the fourth quarter of 2021.

Headline financials

Total Revenue

$42.7M

Previous: $35.2M+21.4%
EPS (adj)

-$0.09

Previous: -$2.83+96.8%
Annualized Recurring Revenue

$151M

Previous: $117M+29.3%
Net Dollar Retention Rate

120.0%

Previous: 103.0%+16.5%
Remaining Performance Obligations

$185M

Previous: $141M+31.6%
Capital Expenditures

$296K

Previous: $410K-27.8%
Free Cash Flow

-$11M

Previous: $3.67M-400.4%
Net Income

-$15.9M

Previous: -$36.3M+56.2%
Operating Income

-$12.4M

Previous: -$1.28M-872.5%
Gross Profit

$26.8M

Previous: $21.2M+26.1%
Cash & Equivalents

$144M

Previous: $27.7M+419.5%
Total Assets

$223M

Previous: $91M+145.5%
Stock-Based Comp

$4.16M

Previous: $2.29M+81.8%

Revenue & EPS history

Kaltura · Revenue · Quarterly

$42.7M

Q4 2021+21.4%vs Q4 2020
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Revenue by segment

Kaltura · $42.7M total across 2 segments · Q4 2021

  • Enterprise, Education & Tech
    $31M+27.5%
  • Media & Telecom
    $11.7M+7.8%

Forward guidance

For the first quarter of 2022, Kaltura currently expects Subscription Revenue to grow by 12%-15% year-over-year to between $36.2 million and $37.2 million and Total Revenue to grow by 5%-8% year-over-year to between $39.6 million and $40.7 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 Q4 2021

Historical avgQ4 2021

+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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