NASDAQ$KLTR
Kaltura Inc. · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Returned to growth with record subscription and total revenues, while reiterating commitment to continued improvements in Adjusted EBITDA and Cash-Flow-From-Operations.
Kaltura announced financial results for Q4 and full year 2022. In Q4, the company returned to growth and recognized record subscription and total revenues. The company is committed to continued improvements in Adjusted EBITDA and Cash-Flow-From-Operations to achieve break even in 2024.
- Revenue for the fourth quarter of 2022 was $44.1 million, an increase of 3% compared to $42.7 million for the fourth quarter of 2021.
- Subscription revenue for the fourth quarter of 2022 was $39.6 million, an increase of 3% compared to $38.5 million for the fourth quarter of 2021.
- GAAP Operating loss was $11.4 million for the fourth quarter of 2022, compared to an operating loss of $12.4 million for the fourth quarter of 2021.
- Non-GAAP Operating loss was $4.9 million for the fourth quarter of 2022, compared to a non-GAAP operating loss of $8.1 million for the fourth quarter of 2021.
Headline financials
Revenue & EPS history
Kaltura · Revenue · Quarterly
$44.1M
Revenue by segment
Kaltura · $44.1M total across 2 segments · Q4 2022
- Enterprise, Education & Tech$30M-3.1%68.1%
- Media & Telecom$14.1M+19.7%31.9%
Forward guidance
For the first quarter of 2023, Kaltura expects Subscription Revenue to grow by 5%-7% year-over-year to between $38.9 million and $39.6 million. Total Revenue to grow by 1.5%-3.5% year-over-year to between $42.3 million and $43.2 million. Adjusted EBITDA to be negative in the range of $3 million to $4 million. For the full year ending December 31, 2023, Kaltura expects Subscription Revenue to grow by 4%-6% year-over-year to between $158.6 million and $161.7 million. Total Revenue to grow by 0%-2% year-over-year to between $168.8 million and $172.2 million. Adjusted EBITDA to be negative in the range of $5 million to $8 million
Tailwinds
- Subscription Revenue to grow by 5%-7% year-over-year to between $38.9 million and $39.6 million for Q1 2023.
- Total Revenue to grow by 1.5%-3.5% year-over-year to between $42.3 million and $43.2 million for Q1 2023.
- Subscription Revenue to grow by 4%-6% year-over-year to between $158.6 million and $161.7 million for FY 2023.
- Total Revenue to grow by 0%-2% year-over-year to between $168.8 million and $172.2 million for FY 2023.
Headwinds
- Adjusted EBITDA to be negative in the range of $3 million to $4 million for Q1 2023.
- Adjusted EBITDA to be negative in the range of $5 million to $8 million for FY 2023.
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 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
| Quarter | Report date | Reaction (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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