From Investing: 2024-05-13 09:37:54

Kaltura, Inc. (NASDAQ: KLTR) reported its first quarter results for 2024, showing a 3% increase in total revenue to $44.8 million and a 2% rise in subscription revenue to $41.2 million. The company achieved positive adjusted EBITDA of $0.6 million and anticipates a modest revenue decline in Q2 but expects growth later in the year.

Kaltura’s Q1 2024 performance reflects company resilience with improved financial health and profitability. The company closed large deals through upselling and increased gross profit to $28.6 million. With partnerships like Salesforce and Adobe, Kaltura reaffirms full-year guidance and plans for growth in the second half of 2024.

InvestingPro Insights reveal mixed market sentiments towards Kaltura’s financials, with concerns about profitability reflected in a negative P/E ratio and a premium-priced stock relative to book value. Kaltura maintains more cash than debt but faces downward earnings revisions and is not expected to be profitable this year, potentially affecting stock performance.



Read more at Investing: Kaltura reports growth and positive EBITDA in Q1 2024 By Investing.com