- Kaleyra has been mercilessly sold down, hitting levels not seen since the 2020 pandemic. I see no logical reason for the decline.
- The company, since 2020 has dramatically upped its game through the mGage and Bandyer acquisitions.
- While not profitable yet on a GAAP basis, the company is growing margins at an impressive rate and now sells for under 1 on a 2022 S/EV metric.
- The risk-reward, in my opinion, at current levels is asymmetric if continued progress is made in coming quarters.
For further details see:
Kaleyra: Punished By The Market For No Good Reason