KLTR - Kaltura Non-GAAP EPS of -$0.02 beats by $0.02 revenue of $43.9M beats by $0.82M

2023-08-02 13:48:47 ET

• Kaltura press release ( NASDAQ: KLTR ): Q2 Non-GAAP EPS of -$0.02 beats by $0.02 .
• Revenue of $43.9M (+4.5% Y/Y) beats by $0.82M .
• Subscription revenue for the second quarter of 2023 was $40.7 million, an increase of 7% compared to $38.0 million for the second quarter of 2022.
• Annualized Recurring Revenue for the second quarter of 2023 was $163.4 million, an increase of 8% compared to $151.0 million for the second quarter of 2022.

• For the third quarter of 2023, Kaltura currently expects:

  • Subscription Revenue to grow by 5%-7% year-over-year to between $39.8 million and $40.6 million.
  • Total Revenue to grow by 4%-6% year-over-year to between $42.7 million and $43.5 million.
  • Adjusted EBITDA to be negative in the range of $0.5 million to $1.0 million.

• For the full year ending December 31, 2023, Kaltura currently expects:

  • Subscription Revenue to grow by 5%-6% year-over-year to between $159.6 million and $161.7 million.
  • Total Revenue to grow by 1%-2% year-over-year to between $170.0 million and $173.0 million.
  • Adjusted EBITDA to be negative in the range of $4.5 million to $5.5 million.

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