Loading...
•
Dec 31, 2022
Kaltura Q4 2022 Earnings Report
Returned to growth with record subscription and total revenues, while reiterating commitment to continued improvements in Adjusted EBITDA and Cash-Flow-From-Operations.
Key Takeaways
Kaltura announced financial results for Q4 and full year 2022. In Q4, the company returned to growth and recognized record subscription and total revenues. The company is committed to continued improvements in Adjusted EBITDA and Cash-Flow-From-Operations to achieve break even in 2024.
Revenue for the fourth quarter of 2022 was $44.1 million, an increase of 3% compared to $42.7 million for the fourth quarter of 2021.
Subscription revenue for the fourth quarter of 2022 was $39.6 million, an increase of 3% compared to $38.5 million for the fourth quarter of 2021.
GAAP Operating loss was $11.4 million for the fourth quarter of 2022, compared to an operating loss of $12.4 million for the fourth quarter of 2021.
Non-GAAP Operating loss was $4.9 million for the fourth quarter of 2022, compared to a non-GAAP operating loss of $8.1 million for the fourth quarter of 2021.
Revenue by Segment
Forward Guidance
For the first quarter of 2023, Kaltura expects Subscription Revenue to grow by 5%-7% year-over-year to between $38.9 million and $39.6 million. Total Revenue to grow by 1.5%-3.5% year-over-year to between $42.3 million and $43.2 million. Adjusted EBITDA to be negative in the range of $3 million to $4 million. For the full year ending December 31, 2023, Kaltura expects Subscription Revenue to grow by 4%-6% year-over-year to between $158.6 million and $161.7 million. Total Revenue to grow by 0%-2% year-over-year to between $168.8 million and $172.2 million. Adjusted EBITDA to be negative in the range of $5 million to $8 million
Positive Outlook
- Subscription Revenue to grow by 5%-7% year-over-year to between $38.9 million and $39.6 million for Q1 2023.
- Total Revenue to grow by 1.5%-3.5% year-over-year to between $42.3 million and $43.2 million for Q1 2023.
- Subscription Revenue to grow by 4%-6% year-over-year to between $158.6 million and $161.7 million for FY 2023.
- Total Revenue to grow by 0%-2% year-over-year to between $168.8 million and $172.2 million for FY 2023.
Challenges Ahead
- Adjusted EBITDA to be negative in the range of $3 million to $4 million for Q1 2023.
- Adjusted EBITDA to be negative in the range of $5 million to $8 million for FY 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...