KLR - Kaleyra falls 37% on guiding Q2 and FY22 below estimates

Kaleyra press release (NYSE:KLR): Q1 Non-GAAP EPS of $0.05. Revenue of $80.5M (+102.7% Y/Y). The growth during the quarter was driven by the effects of the business combination with mGage, which contributed $32.1 million. Shares -37.6%. Dollar-Based Net Expansion Rate of 130% in Q1 2022 Delivered 14.4 billion billable messages and connected 1.6 billion voice calls for a global customer base of over 3,800 customers in the first quarter, a continuous significant growth of 106% for messages and 33% for voice calls comparing to the previous quarter At the end of the fourth quarter, cash, and cash equivalents, restricted cash, and short-term investments were $95.2 million, compared to $97.9 million as of December 31, 2021. Sets Second Quarter 2022 Revenue Outlook to Between $81 – $83 Million ($93.17M consensus), in Line with Standard Seasonality and Up 52% from $54 Million in the Second Quarter of Last Year. Amends Full Year

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Kaleyra falls 37% on guiding Q2 and FY22 below estimates