Kaltura Q2 revenue $42M (+1% YoY), net loss $17.3M; cuts 10% of workforce

KALTURA INC

2022-Q2 EPS reported -$0.27 revenue$83,694,000

Revenue $42.0M (+1% YoY); subscription $38.0M (+4%); ARR $151.0M (+4%).
GAAP net loss $17.3M ($0.13/diluted) vs $2.7M loss a year ago; non-GAAP net loss $10.9M ($0.08).
Adjusted EBITDA -$8.5M vs -$1.0M; operating cash flow -$22.5M vs +$0.9M.
Approves ~10% workforce reduction; expects ~$1M severance charges in H2 2022 and ~$18M annualized savings.
Q3 guidance: total revenue $40.8-$41.7M (down 3-5% YoY); full-year total revenue $168.4-$171.6M (up 2-4%).

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