Financial Data and Key Metrics Changes - The meeting confirmed that a quorum was present with 155,125,004 shares of common stock held of record as of April 28, 2025 [8][11] - The preliminary report indicated that Ron Yekatiel and Yael Menor were elected as Class I directors, and the appointment of Kasfer, Gabay and Kasir as the independent auditor for fiscal year 2025 was ratified [11] Business Lines Data and Key Metrics Changes - No specific data or metrics regarding individual business lines were provided during the meeting Market Data and Key Metrics Changes - No specific market data or metrics were discussed during the meeting Company Strategy and Development Direction and Industry Competition - The meeting did not provide detailed insights into the company's strategy or competitive landscape Management's Comments on Operating Environment and Future Outlook - Management did not provide comments on the operating environment or future outlook during the meeting Other Important Information - The meeting included a formal voting process for the election of directors and the appointment of auditors, with results to be published within four business days [11] Q&A Session All Questions and Answers Question: Were there any questions submitted during the Q&A session? - No questions were submitted during the Q&A session [12]

Core Insights - Kaltura has partnered with APTN to launch APTN lumi, a streaming service aimed at delivering Indigenous-language content to communities in Canada and globally [1][2][3] Company Overview - Kaltura is an AI Video Cloud company that provides an end-to-end OTT video platform, which includes a robust content management system, multi-platform distribution, monetization capabilities, and AI-driven personalization [4][6] - APTN, established in 1999, is the first national Indigenous broadcaster in the world, focusing on programming that celebrates Indigenous cultures and stories [7] Service Features - APTN lumi offers the largest curated collection of Indigenous stories and Indigenous-language content, accessible via web and mobile platforms [3][4] - The platform supports VOD in multiple Indigenous languages and includes infrastructure for subscription purchases [4] Strategic Goals - APTN aims to expand its digital footprint and promote understanding and dialogue around Indigenous perspectives through the launch of APTN lumi [2][5] - The partnership with Kaltura is seen as a way to enhance the reach of Indigenous voices and stories to a broader audience [5]

Core Insights - Kaltura's Class Genie has won the "e-Learning Innovation of the Year" award at the EdTech Breakthrough Awards, highlighting its leadership in educational technology [1][6] - The Class Genie is an AI learning agent that personalizes learning experiences, moving away from traditional education methods to a more tailored approach [2][5] - The Class Genie has significantly increased student engagement, with 92% of accessed content being previously unknown to students, enhancing discovery of valuable educational materials [3] Company Overview - Kaltura has been a leader in educational technology, serving over 9 million students and faculty members, including more than 50% of US R1 universities and Ivy League schools [5] - The company has developed a comprehensive video platform that supports various educational needs, including lecture capture, virtual classrooms, and LMS integration, contributing to the digital transformation in education [5][7] - Kaltura's mission focuses on creating AI-infused hyper-personalized video experiences to enhance engagement and success across various sectors, including education [7]

Core Insights - Kaltura announced the recipients of the 2025 Digital Engagement Awards, recognizing companies that are leading AI-powered transformation in their organizations [1][2] - The awards highlight innovative use of Kaltura's Agentic AI video platform, showcasing creativity and impact in enterprise digital experiences [2] Award Recipients - **AI Transformation Trailblazer Award**: Recognizes companies that have made significant strides in AI integration [3] - **Collaboration Champion Award**: Honors organizations that excel in fostering collaboration through innovative practices [3] - **Brand Engagement Innovator Award**: Celebrates brands that have creatively engaged their audiences [3] - **Accessibility & AI Mover & Shaker Award**: Acknowledges efforts in combining AI with accessibility initiatives [3] Notable Honorees - **Accenture**: Recognized for integrating AI and accessibility to ensure inclusivity [3] - **Bloomberg**: Acknowledged for leading enterprise innovation [4] - **SAP**: Honored for its visionary approach to intelligent innovation [4] - **Vanguard**: Celebrated for unifying multiple business lines under a single vision [4] - **Oracle**: Recognized for enhancing collaboration through video technology [4] - **KPMG**: Acknowledged for building global alignment and competitive advantage [4] - **Pinterest**: Celebrated for prioritizing accessibility in its operations [4] - **BP**: Recognized for consistent and bold brand storytelling [4] - **Salesforce**: Honored for its commitment to sustainability and carbon removal initiatives [5] - **JP Morgan Chase & Co.**: Acknowledged for creating an accessible workplace [7] - **Wells Fargo**: Recognized for its organization-wide commitment to accessibility [7] - **IBM**: Celebrated for balancing legacy with innovation [8] - **Airbnb**: Honored for meaningful engagement and partnership [8] - **Shell**: Recognized for purposeful evolution and impact [8] - **EY**: Acknowledged for proactive feedback integration [8] - **Adobe**: Celebrated for setting standards in employee experience in an AI-driven world [8] Kaltura Overview - Kaltura aims to create AI-infused hyper-personalized video experiences to enhance customer and employee engagement [6] - The company offers a comprehensive AI Video Experience Cloud, including various video-first products for enterprise and educational use [6]

Group 1 - The article discusses the services provided by IPO Edge, which includes actionable information on growth stocks, first-look IPO filings, previews on upcoming IPOs, an IPO calendar, a database of U.S. IPOs, and a comprehensive guide to IPO investing [1] Group 2 - The article does not contain any relevant information regarding company or industry analysis, as it primarily focuses on the services offered by IPO Edge [2][3]

Core Insights - Kaltura has won five gold awards at the 2025 Eventex Awards, achieving recognition in every category it entered, highlighting its leadership in AI-driven digital events [1][2] - This marks the third consecutive year that Kaltura Events has received top honors, showcasing its continuous innovation in personalized and impactful digital engagement [2][5] Company Achievements - Kaltura Events is recognized for its all-in-one AI-powered platform that facilitates the creation, hosting, management, and promotion of webinars and virtual events [2][3] - The platform's real-time AI assistant and sentiment analysis features provide actionable insights to enhance attendee engagement [2][3] Key Innovations - The introduction of Kaltura Genie, an AI-powered agent, enhances event engagement by delivering hyper-personalized experiences and responding to attendee inquiries during hybrid events [3][4] - The AI-powered Content Lab identifies key moments from recorded events, generating highlight reels, chaptered summaries, and interactive video quizzes to maximize content ROI [4] Industry Context - The 15th edition of the Eventex Awards received a record 1239 entries from over 50 countries, indicating the growing creativity and innovation within the events industry [5][6] - Major brands such as Volvo, L'Oreal, and Netflix were among the winning entries, reflecting the competitive landscape of event technology [6]

Core Insights - Kaltura has formed a partnership with Magna Systems to enhance its operations in the Asia-Pacific region, specifically in Australia, New Zealand, Singapore, and Hong Kong [1][2] - This collaboration is part of Kaltura's strategy to expand its media and telecom activities in APAC, with Magna being the first of several partnerships in the region [2] - Kaltura's services leverage advanced AI capabilities to improve content strategies and viewer engagement, including features like real-time translation, AI-powered content curation, and metadata enrichment [3] Company Overview - Kaltura is recognized for its AI Video Experience Cloud, which includes a robust TV Content Management system and various AI-infused video products aimed at enhancing customer and employee engagement [8] - Magna Systems & Engineering specializes in systems integration and technology solutions for the broadcast and telecommunications sectors, with a commitment to providing top-notch services and support across the Asia-Pacific region [5][9] Product Highlights - Kaltura's AI-powered product, Kaltura TV Genie, has won the Product of the Year for Streaming at the 2025 NAB Show Award, offering hyper-personalized viewing experiences and real-time content curation [4] - The partnership with Magna is expected to deliver Kaltura's AI Video Experience Cloud solutions, adding significant value and efficiency to clients in the media and telecom sectors [6] Strategic Goals - The partnership aims to connect customers with leading technology solutions, enabling innovation and maintaining a competitive edge in the media and telecom industry [6] - Kaltura and Magna Systems are focused on improving streaming experiences and expanding their reach in the APAC market through this collaboration [7]

Revenue and Profitability - Total revenue for the three months ended March 31, 2025, was $46.98 million, a 4.9% increase from $44.78 million in the same period of 2024[122]. - Subscription revenue from the Enterprise, Education & Technology segment was $34.42 million, up from $32.44 million, while Media & Telecom segment revenue increased to $12.57 million from $12.34 million[122]. - Gross profit for the three months ended March 31, 2025, was $32.74 million, compared to $28.61 million in the same period of 2024, reflecting a gross margin improvement[122]. - Annualized Recurring Revenue (ARR) increased by 7% to $174.84 million for the three months ended March 31, 2025, compared to $162.71 million in 2024[129]. - Adjusted EBITDA for the three months ended March 31, 2025, was $4.14 million, a significant increase from $0.564 million in the same period of 2024[144]. - Net loss decreased by 90% to $1.12 million for the three months ended March 31, 2025, compared to a net loss of $11.1 million for the same period in 2024[164]. - Gross margins improved to 70% for the three months ended March 31, 2025, compared to 64% for the same period in 2024[154]. Customer Metrics - Net Dollar Retention Rate improved to 107% for the three months ended March 31, 2025, up from 98% in the same period of 2024, indicating strong customer retention and expansion[122]. - Remaining Performance Obligations as of March 31, 2025, were $184.86 million, with 59% expected to be recognized as revenue over the next 12 months[137]. Expenses and Cost Management - Cost of revenue decreased by 12% from $16.17 million in Q1 2024 to $14.25 million in Q1 2025[152]. - General and administrative expenses decreased by 15% to $10.30 million for the three months ended March 31, 2025, compared to $12.08 million in Q1 2024[164]. - Research and development expenses were $12.09 million for the three months ended March 31, 2025, slightly up from $12.01 million in the same period of 2024[164]. - The company expects gradual improvement in gross margins driven by enhanced efficiencies in production and professional services costs[153]. Strategic Initiatives - The company plans to enhance its platform capabilities by integrating generative AI features for automatic video creation and advanced personalization[125]. - The company employs a "land and expand strategy" to increase customer usage and revenue, with a focus on cross-selling and upselling additional solutions[122]. - The company continues to invest in growth opportunities across various industries, including technology, education, and media & telecom[128]. - The company aims to broaden its product suite and expand its customer base while increasing recurring revenue from existing clients[124]. Segment Performance - Total EE&T gross profit increased by $3.0 million, or 13%, to $26.6 million for the three months ended March 31, 2025, from $23.6 million for the same period in 2024[170]. - EE&T subscription gross profit rose by $3.7 million, or 15%, to $27.9 million for the three months ended March 31, 2025, compared to $24.2 million for the same period in 2024[171]. - Total Media & Telecom revenue increased by $0.2 million, or 2%, to $12.6 million for the three months ended March 31, 2025, from $12.3 million for the same period in 2024[174]. - M&T subscription revenue increased by $0.8 million, or 7%, to $11.3 million for the three months ended March 31, 2025, from $10.5 million for the same period in 2024[174]. - Total M&T gross profit increased by $1.1 million, or 22%, to $6.2 million for the three months ended March 31, 2025, from $5.1 million for the same period in 2024[176]. Cash Flow and Financing - Net cash used in operating activities for the three months ended March 31, 2025, was $1.0 million, a decrease of $0.1 million compared to the same period in 2024[202]. - Net cash provided by investing activities increased by $5.8 million for the three months ended March 31, 2025, totaling $2.2 million, primarily from proceeds of $28.9 million from maturities of marketable securities[205]. - Net cash used in financing activities for the three months ended March 31, 2025, was $2.6 million, primarily due to the repurchase of common stock of $2.3 million[208]. - The company had a total revolving commitment of $25.0 million available for future borrowings as of March 31, 2025[199]. - The company is required to maintain a minimum Liquidity of at least $20.0 million as of the last day of any calendar month, and it was in compliance with this covenant as of March 31, 2025[197]. - The remaining unpaid balance on the Term Loan Facility is due and payable on December 21, 2026[195]. Shareholder Actions - The Company repurchased 1,175,109 shares of common stock at a weighted average price of $1.94 per share during the three months ended March 31, 2025[187]. Financial Position - As of March 31, 2025, the total revolving commitment under the Revolving Credit Facility is $25.0 million, with no balance outstanding[183]. - As of March 31, 2025, the company had approximately $31.7 million of borrowings outstanding under the Term Loan Facility[199]. - The company had outstanding floating rate debt obligations of $31.7 million as of March 31, 2025, exposing it to interest rate fluctuations[217]. - A hypothetical 10% change in foreign currency exchange rates would have impacted the company's results for the three months ended March 31, 2025, by $0.8 million due to NIS and $1.1 million due to Euros[216]. - The net decrease in cash, cash equivalents, and restricted cash for the three months ended March 31, 2025, was $1.364 million[201]. - Provision for income taxes decreased by $1.0 million, or 42%, to $1.3 million for the three months ended March 31, 2025, from $2.3 million for the same period in 2024[182]. - Financial income, net increased by $3.3 million, or 220%, to $1.8 million for the three months ended March 31, 2025, from a $1.5 million expense for the same period in 2024[181].

Financial Data and Key Metrics Changes - The company reported record total revenue of $47 million for Q1 2025, up 5% year over year, with subscription revenue reaching $44.9 million, an increase of 9% year over year [5][21] - Adjusted EBITDA for the quarter was $4.1 million, marking the seventh consecutive quarter of adjusted EBITDA profitability [5][24] - Non-GAAP gross margin improved to 70%, up from 65% in the same quarter last year [6][24] - The company consumed $1 million in cash for operations during the quarter, consistent with the previous year [6][26] Business Line Data and Key Metrics Changes - In the Enterprise and Telecom (EENT) segment, total revenue was $34.4 million, up 6% year over year, with subscription revenue at $33.6 million, a 10% increase year over year [23] - In the Media and Telecom (M&T) segment, total revenue was $12.6 million, representing 2% year over year growth, with subscription revenue at $11.3 million, up 7% year over year [23][24] - Professional services revenue decreased significantly, down 42% year over year, contributing $2.1 million for the quarter [22] Market Data and Key Metrics Changes - The company experienced a gross retention rate in EENT at its best level since Q4 2022, while net dollar retention climbed to 107%, the highest since Q1 2022 [8][20] - The remaining performance obligations (RPO) were $184.9 million, down 9% sequentially but up 12% year over year [22] Company Strategy and Development Direction - The company aims to achieve double-digit revenue growth and a rule of 30 by 2028, focusing on consolidating video usage around its platform and enhancing AI capabilities [14][31] - Continued investment in AI to deliver hyper-personalized experiences is a key focus, with new product offerings like Genie agents and Content Lab enhancements [9][10] - The company plans to gradually increase its sales team after a previous reduction, focusing on enterprise markets while also reaccelerating efforts in media and education sectors [44][46] Management's Comments on Operating Environment and Future Outlook - Management noted that there has been no significant negative impact from the macroeconomic environment, with customers remaining stable in their spending [35][39] - The company expects a typical seasonal decline in Q2 revenue but anticipates a strong recovery in the second half of the year [27][29] - Management remains cautious about the uncertain macro outlook but is optimistic about the pipeline and growth opportunities [30][31] Other Important Information - The company hosted its first annual investor event, showcasing its profitable growth plans and AI-infused vision [14][15] - The company continues to receive recognition from leading analyst firms, including Gartner, for its video platform services [12][13] Q&A Session Summary Question: Customer spending trends and macroeconomic impact - Management indicated no material negative impact from customers regarding spending, noting that larger organizations are planning for the mid to long term [35][36] Question: Sales team resource allocation - The company plans to gradually increase sales resources, focusing on enterprise markets while also reaccelerating efforts in media and education [44][46] Question: Nature of M&T churn - Management clarified that the churn in M&T is expected and primarily involves a few accounts exiting rather than downsizing [50][51] Question: Product investment focus - The company is focusing on deeper solutions rather than self-service, with an emphasis on AI to enhance customer experiences [54][56] Question: Dynamics of higher ARR per customer - The increase in ARR per customer is driven by upselling and consolidation around Kaltura's products rather than price increases [73] Question: AI monetization strategy update - Management expressed excitement about the growing pipeline for AI products and expects to start monetizing these opportunities in the coming quarters [76][77]

Financial Data and Key Metrics Changes - The company reported record total revenue of $47 million for Q1 2025, up 5% year over year, with subscription revenue reaching $44.9 million, an increase of 9% year over year [6][22] - Adjusted EBITDA for the quarter was $4.1 million, marking the seventh consecutive quarter of adjusted EBITDA profitability [6][25] - Non-GAAP gross margin improved to 70%, up from 65% in the same quarter last year [7][25] - Cash used in operations was $1 million, consistent with the first quarter of the previous year [7][27] Business Line Data and Key Metrics Changes - In the Enterprise and Telecom (EENT) segment, total revenue was $34.4 million, up 6% year over year, with subscription revenue at $33.6 million, a 10% increase year over year [24] - In the Media and Technology (M&T) segment, total revenue was $12.6 million, representing 2% year over year growth, with subscription revenue at $11.3 million, up 7% year over year [24][25] - Professional services revenue decreased significantly, down 42% year over year, contributing $2.1 million for the quarter [22][23] Market Data and Key Metrics Changes - The company experienced a lower rate of new subscription bookings in Q1, which is typical for the season, but noted an increase in new logos from significant clients such as Stripe and Novo Nordisk [9][19] - The net dollar retention rate improved to 107%, the highest level since Q1 2022 [10][24] Company Strategy and Development Direction - The company aims to achieve double-digit revenue growth and a rule of 30 by 2028, focusing on profitable growth and expanding its AI capabilities [16][33] - Continued investment in AI is a priority, with enhancements to products like Genie agents to provide personalized experiences [10][12] - The company is gradually increasing its sales team after a previous reduction, focusing on enterprise customers while also looking to reaccelerate growth in the M&T and education sectors [44][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the uncertain macroeconomic environment, noting no significant negative feedback from customers regarding spending [36][40] - The company anticipates a rebound in gross retention rates in the second half of the year, following expected declines in the first half [19][31] - Despite a slower start to the year, the company maintains its revenue guidance for 2025 while slightly increasing its adjusted EBITDA guidance [20][28] Other Important Information - The company hosted its first annual investor event, showcasing its growth plans and AI-infused vision [16][17] - The company continues to receive recognition from leading analyst firms, including Gartner, for its innovative products [15] Q&A Session Summary Question: What are customers saying about their willingness to spend this year? - Management noted that there has been no negative impact reported from customers, who are focused on mid to long-term planning [36][40] Question: Where will new resources be allocated in the sales team? - The company plans to gradually increase sales resources, focusing on enterprise customers while also reaccelerating efforts in M&T and education [44][46] Question: What is the nature of the M&T churn expected? - Management indicated that the churn is primarily due to a few specific accounts exiting rather than a broader trend, with expectations for improved retention moving forward [51][52] Question: What is driving the higher ARR per customer? - The increase is attributed to customers using multiple products and upselling rather than just price increases [72] Question: Any updates on AI monetization strategy? - The company is optimistic about its AI products, with expectations to start monetizing these offerings in the coming quarters [76][77]