KALTURA Reports 6.1% Increase in Revenue for Q3 2023, Totaling USD 43.5 Million

November 21, 2023

☀️Earnings Overview

KALTURA ($NASDAQ:KLTR) announced that, for the three months ending September 30 2023, total revenue had increased 6.1% compared to the same period last year, amounting to USD 43.5 million. Net income was USD -10.7 million, which represented a decrease from the prior year’s figure of -19.4 million.

Analysis

GoodWhale has conducted an assessment of KALTURA‘s fundamentals and, according to the Star Chart, KALTURA is classified as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be attractive to investors looking for high growth potential, but also understand the risks that come with it. KALTURA performs strongly in terms of growth, but is medium in asset and weak in dividend and profitability. Additionally, KALTURA has an intermediate health score of 5/10 with regard to its cashflows and debt, which suggests it might be able to sustain future operations in times of crisis. Ultimately, the decision to invest in KALTURA comes down to an individual’s risk tolerance and ability to stomach potential losses. More…

  • Star Chart Analysis
  • Valuation Analysis
  • About the Company

  • KALTURA_Reports_6.1_Increase_in_Revenue_for_Q3_2023_Totaling_USD_43.5_Million”>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Kaltura. More…

    Total Revenues Net Income Net Margin
    174.76 -49.08 -29.1%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Kaltura. More…

    Operations Investing Financing
    -15.75 0.53 -3.74
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Kaltura. More…

    Total Assets Total Liabilities Book Value Per Share
    179.52 147.34 0.23
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Kaltura are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    20.1% -18.4%
    FCF Margin ROE ROA
    -11.1% -59.2% -11.2%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items




  • Peers

    Its competitors include Imaginon Inc, Virtualsoft Systems Ltd, and Moovly Media Inc.

    – Imaginon Inc ($OTCPK:IMGI)

    Imaginon Inc is a company that creates and sells products that allow people to better visualize data. The company has a market cap of 23.98k as of 2022. Imaginon’s products are used by businesses and individuals to make better decisions by understanding data more clearly. The company’s products are used by customers in a variety of industries, including healthcare, finance, and manufacturing.

    – Virtualsoft Systems Ltd ($BSE:531126)

    Virtualsoft Systems Ltd is a publicly traded company with a market capitalization of 41.5 million as of 2022. The company has a return on equity of 9.03%. Virtualsoft Systems Ltd is a provider of software and services. The company’s products and services include enterprise resource planning (ERP), customer relationship management (CRM), and business intelligence (BI) software. Virtualsoft Systems Ltd also provides software development, implementation, and support services.

    – Moovly Media Inc ($TSXV:MVY)

    Moovly Media Inc is a Canadian company that enables businesses and individuals to create engaging video content. The company has a market cap of 27.37M as of 2022 and a Return on Equity of 38.73%. Moovly Media’s video creation platform makes it easy for businesses to create professional-looking videos without the need for expensive video production equipment or editing software. The company’s video creation services are used by businesses of all sizes, from small businesses to Fortune 500 companies.

    Summary

    Kaltura‘s third quarter financials for the period ending on September 30, 2023 reported an increase in total revenue of 6.1% year-over-year to 43.5 million USD. Net income for the quarter was reported as -10.7 million USD, a decrease from the prior year’s loss of 19.4 million USD. Investors should take into consideration Kaltura’s continued growth in revenue, as well as the improvement in net loss when considering investing in the company. Furthermore, further analysis should be done to determine if the company’s growth in revenue is sustainable and the net loss can be improved further.

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