Kaltura authorizes $5M stock repurchase program, reaffirms Q2/FY2024 guidance

KALTURA INC

Stock repurchase program of up to $5M in common stock authorized by Board.
CEO states repurchase reflects belief that current share price is undervalued.
Q2 guidance reaffirmed: subscription revenue $39.6M-$40.3M; total revenue $42.7M-$43.5M.
Full year 2024 guidance reaffirmed: subscription revenue $161.2M-$164.2M; total revenue $173.7M-$176.7M.
Adjusted EBITDA guidance: Q2 ($0.6M)-$0.4M; FY 2024 $0M-$1M.

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