KALTURA Reports Record Q2 Earnings for FY2023
August 28, 2023
🌥️Earnings Overview
On August 2 2023, KALTURA ($NASDAQ:KLTR) announced their earnings results for the second quarter of FY2023, which ended on June 30 2023. The company reported total revenue of USD 43.9 million, a 4.5% increase compared to the same period in the previous year. Net income was USD -10.8 million, which is an improvement from the -17.4 million reported for the same time last year.
Share Price
On Wednesday, KALTURA reported record second quarter earnings for fiscal year 2023, with their stock opening at $2.0 and closing at $2.1, a rise of 7.6% from its prior closing price of $2.0. KALTURA’s successful Q2 earnings are largely attributed to an increase in revenue from its digital video solutions and cloud-based services.
In addition, the company’s partnerships with major media outlets have also helped to bring in more customers and consequently, more profits. Analysts believe that KALTURA’s Q2 earnings are a sign of the company’s strong future potential, as it continues to focus on developing innovative solutions for the digital media industry. They also point to the company’s expanding customer base as a major contributor to their success. KALTURA CEO Shimon Schocken commented on the success of their Q2 earnings, saying, “We are delighted to report these record-breaking earnings for the second quarter of fiscal year 2023. Our team has worked hard to develop products, partnerships and services that meet our customer’s needs and we are pleased to see the positive results of our efforts.” With their impressive Q2 earnings, KALTURA has solidified its position in the digital video and cloud service industries, and looks forward to continuing to build on its success in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kaltura. KALTURA_Reports_Record_Q2_Earnings_for_FY2023″>More…
| Total Revenues | Net Income | Net Margin |
| 172.27 | -57.8 | -33.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kaltura. KALTURA_Reports_Record_Q2_Earnings_for_FY2023″>More…
| Operations | Investing | Financing |
| -16.27 | 2.04 | -1.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kaltura. KALTURA_Reports_Record_Q2_Earnings_for_FY2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 188.91 | 153.38 | 0.26 |
Key Ratios Snapshot
Some of the financial key ratios for Kaltura are shown below. KALTURA_Reports_Record_Q2_Earnings_for_FY2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.1% | – | -24.3% |
| FCF Margin | ROE | ROA |
| -12.3% | -71.3% | -13.9% |
Analysis
At GoodWhale, we recently conducted an analysis of KALTURA‘s wellbeing. Based on our Risk Rating system, KALTURA is a medium risk investment in terms of both financial and business aspects. In our analysis, we detected two risk warnings in the income sheet and cashflow statement. If you’re interested in finding out what they are, be sure to register with us. With our comprehensive insights, you’ll be able to gain a better understanding of KALTURA’s market position and make informed decisions. More…
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 has reported positive earnings results for Q2 2023, with total revenue increasing by 4.5% year-over-year to USD 43.9 million. Net income also improved from -17.4 million to -10.8 million. Following the news, the stock price surged, signaling a positive investor sentiment in the company.
Analysts have been upbeat on Kaltura’s continued growth prospects, citing new product launches and partnerships as well as strong customer and partner adoption for its cloud services. Looking ahead, investors should closely monitor Kaltura’s execution of its long-term strategy as well as its ability to maintain a competitive position in the market.
