Kaltura Q1 revenue $43.3M (+4% YoY), net loss narrows to $12.8M; reaffirms 2024 cash-flow break-even

KALTURA INC

Revenue of $43.3M (+4% YoY); subscription revenue $40.4M (+9% YoY); ARR $159.6M (+8% YoY).
GAAP net loss $12.8M ($0.09 diluted EPS) vs $16.9M ($0.13) YoY; Adjusted EBITDA -$2.7M vs -$8.4M.
Non-GAAP net loss $4.4M ($0.03) vs $11.0M ($0.09) YoY; operating cash burn improved to $7.4M from $19.6M.
Guides Q2 total revenue $42.8-43.7M (+2-4% YoY); FY total revenue $168.8-172.2M (0-2% YoY).
Reports second consecutive Q of YoY new ARR bookings growth; closed five seven-digit deals in insurance, banking, tech.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KALTURA INC reported the first quarter ended March 31, 2023 results: revenue $43.3 million, net income $12.8 million, EPS $0.09 per diluted share. Guidance reaffirmed.

Period: the first quarter ended March 31, 2023
Revenue: $43.3 million
Net income: $12.8 million
EPS: $0.09 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

First Quarter 2023 Financial Highlights: • Revenue for the first quarter of 2023 was $43.3 million, an increase of 4% compared to $41.7 million for the first quarter of 2022. • Subscription Revenue for the first quarter of 2023 was $40.4 million, an increase of 9% compared to $37.0 million for the first quarter of 2022. • Annualized Recurring Revenue (ARR) for the first quarter of 2023 was $159.6 million, an increase of 8% compared to $147.7 million for the first quarter of 2022. • GAAP Gross profit for the first quarter of 2023 was $27.3 million, representing a gross margin of 63% compared to a GAAP gross profit of $26.3 million and gross margin of 63% for the first quarter of 2022. • Non-GAAP Gross profit for the first quarter of 2023 was $27.7 million, representing a non-GAAP gross margin of 64%, compared to a non-GAAP gross profit of $26.8 million and non-GAAP gross margin of 64% for the first quarter of 2022. • GAAP Operating loss was $12.0 million for the first quarter of 2023, c

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Source: SEC EDGAR

accession 0001432133-23-000051

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