Kaltura(KLTR)
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Kaltura to Announce Financial Results for First Quarter 2025 on Thursday, May 8, 2025
Globenewswire· 2025-04-21 20:05
Core Viewpoint - Kaltura is set to release its first quarter financial results for the period ending March 31, 2025, on May 8, 2025, before market open, followed by a conference call to discuss the results and financial outlook [1]. Group 1: Financial Results Announcement - Kaltura will announce its first quarter financial results on May 8, 2025 [1]. - The conference call to review the financial results will take place at 8:00 a.m. ET [2]. Group 2: Company Overview - Kaltura's mission focuses on creating AI-infused hyper-personalized video experiences to enhance customer and employee engagement [2]. - The company offers a range of products within its AI Video Experience Cloud, including enterprise content management and various video-first applications [2]. - Kaltura engages millions of users across different sectors, enhancing experiences in marketing, education, communication, and entertainment [2].
Kaltura Recognized in the 2025 Gartner® Market Guide for Video Platform Services
GlobeNewswire News Room· 2025-04-21 12:00
Core Insights - Kaltura has been recognized as a Representative Vendor in the Gartner Market Guide for Video Platform Services, highlighting its significance in the enterprise video platform market [1][7] - The company is committed to providing a comprehensive AI Video Experience Cloud that includes various video solutions tailored for enterprises [2][11] Company Offerings - Kaltura's AI Video Experience Cloud features a range of products such as Video Content Management System (VCMS), Video Portal, LMS and CMS video extensions, Virtual Classroom, and TV Content Management System (TVCMS) [2][11] - The platform supports cloud, on-prem, and hybrid models, catering to diverse enterprise use cases across marketing, sales, education, and entertainment [3][4] Technological Advancements - Kaltura is integrating AI and automation into its video solutions, enhancing the value of media assets for organizations [5][6] - The introduction of AI-powered agents like Kaltura Work Genie and Kaltura Class Genie allows for hyper-personalized digital experiences, improving content discovery and engagement [6][11] Strategic Positioning - The unified platform reduces operational silos, cuts costs, and provides holistic business insights, encouraging organizations to consolidate their video needs with Kaltura instead of using multiple vendors [4][11] - Kaltura's API-first modular architecture facilitates seamless integration and extensive customization, enhancing its adaptability within business workflows [4][11]
Kaltura TV Genie Wins 2025 NAB Show Streaming Product of the Year Award
GlobeNewswire News Room· 2025-04-14 12:00
New York, April 14, 2025 (GLOBE NEWSWIRE) -- Kaltura (Nasdaq: KLTR), the AI Video Experience Cloud, announced the Kaltura TV Genie has won the Product of the Year for Streaming at the 2025 NAB Show Awards. This official awards program recognizes some of the most significant and promising new products and technologies showcased by exhibitors at NAB Show. Kaltura’s TV Genie enables media and telecommunication companies to offer AI-powered, hyper-personalized lean-forward viewing experiences for audiences, ...
Kaltura and Synthesia Announce Partnership to Deliver the Next Frontier in AI-Powered Video Creation and Distribution
Globenewswire· 2025-04-10 12:00
Core Insights - Kaltura has announced a partnership with Synthesia to integrate AI-generated avatar content into its video platform, enhancing viewer engagement and creating immersive experiences [1][4] - The collaboration aims to revolutionize learning and training by providing hyper-personalized, interactive content that improves knowledge retention [2][6] - The partnership will also make video production more accessible and cost-effective, eliminating the need for expensive studio shoots and extensive editing [3] Company Overview - Kaltura's mission is to create AI-infused hyper-personalized video experiences that enhance customer and employee engagement [7] - Kaltura's platform includes a variety of video-first products, such as Video Portals, LMS and CMS Video Extensions, and Virtual Classrooms, serving millions of end-users [7] - Synthesia is recognized as a leading enterprise AI video platform, with over 1 million users across 65,000 businesses, including a significant portion of the Fortune 100 [8] Use Cases - The integration of AI-generated content will benefit various sectors, including: - Enterprise Training & Onboarding: AI-generated training modules and compliance videos [6] - Higher Education & E-Learning: Automated lecture content and multilingual courses [6] - Marketing & Customer Engagement: AI-powered product demos and personalized marketing campaigns [6] - Healthcare & Financial Services: Automated regulatory training and client education videos [6] Strategic Goals - The partnership is expected to unlock new market opportunities and enhance enterprise training programs, education, and employee onboarding [5] - Kaltura aims to set new industry benchmarks for AI video innovation through this collaboration [4]
Kaltura Signs Strategic Collaboration Agreement with AWS to Accelerate Innovation and Co-Sell Opportunities in AI-Driven Video Solutions
Globenewswire· 2025-03-13 15:00
Recently honored by AWS as a top Vertical Technology Partner of the Year, Kaltura will leverage itscutting-edge video technology alongside powerful AWS AI and cloud capabilities, with Kaltura and AWS investing in joint innovation, marketing and co-selling initiatives.New York, March 13, 2025 (GLOBE NEWSWIRE) -- Kaltura (Nasdaq: KLTR), the Video Experience Cloud, today announced that it has signed a two-year Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS), the world’s most comprehens ...
Kaltura to Host 2025 Investor Event
Globenewswire· 2025-03-06 13:00
NEW YORK, March 06, 2025 (GLOBE NEWSWIRE) -- Kaltura (Nasdaq: KLTR), the Video Experience Cloud, today announced that it will host its 2025 Investor Event on Wednesday, March 12, 2025. The event will feature executive presentations outlining the Company's business, strategic vision, product innovation, and financial performance, and showcasing Kaltura’s AI-infused Video Experiences platform. The day's session will include presentations from key members of Kaltura’s leadership team including Co-Founder, Cha ...
Kaltura Launches AI-Powered ‘TV Genie’, Powering Hyper-Personalized Entertainment Experiences and Streamlining Content Enrichment and Curation
Globenewswire· 2025-03-03 13:00
Core Insights - Kaltura has launched the TV Genie, an AI-infused platform designed to enhance entertainment experiences for live and on-demand streaming, with over 50 companies participating in its beta-release program [1][5]. Group 1: Product Features - TV Genie offers hyper-personalized viewing experiences, enabling media and telecommunications companies to enhance audience engagement and streamline operations through content enrichment and automation [2][4]. - The platform transforms content searches into instant recommendations based on various parameters, real-time viewer feedback, and mood, while also providing accessibility through automatic translation and advanced navigation features [3][4]. - TV Genie allows content editors to create short-form videos and textual summaries from long-form content, optimizing it for diverse viewer preferences and simplifying the curation process [4][7]. Group 2: Market Impact - The introduction of AI in video production and viewing is expected to significantly increase viewer engagement and monetization, while reducing operational complexities and costs for companies [5][7]. - Kaltura's TV Genie is part of a broader trend where companies are becoming media entities, leveraging AI to enhance their content offerings and viewer experiences [5][6]. Group 3: Beta Program Participation - Over 50 organizations, including large enterprises and educational institutions, are involved in the Genie Series' beta program, with notable participants like Reshet 13, which utilizes TV Genie for producing concise news segments [5][6]. - Reshet 13 reports that the use of TV Genie has improved their content repurposing capabilities, leading to increased viewership and engagement rates [6].
Kaltura(KLTR) - 2024 Q4 - Earnings Call Transcript
2025-02-20 19:09
Kaltura, Inc. (NASDAQ:KLTR) Q4 2024 Earnings Conference Call February 20, 2024 8:00 AM ET Company Participants Erica Mannion - IR Ron Yekutiel - Co-Founder, Chairman, President and CEO John Doherty - CFO Conference Call Participants Richard Poland - Wells Fargo Gabriela Borges - Goldman Sachs Austin Cole - Citizens Matt Cavanagh - Needham & Company Operator Good morning everyone and welcome to the Kaltura Fourth Quarter and Full Year 2024 Conference Call. All material contained in the webcast is the sole pr ...
Kaltura(KLTR) - 2024 Q4 - Earnings Call Transcript
2025-02-20 21:59
Kaltura (KLTR) Q4 2024 Earnings Call February 20, 2025 05:59 PM ET Company Participants Erica Mannion - Partner & FounderRon Yekutiel - Co-Founder, Chairman, President & CEOJohn Doherty - Chief Financial OfficerAustin Cole - Software Equity Research AssociateMatt Cavanagh - Equity Research Associate Conference Call Participants Richard Poland - AnalystGabriela Borges - Analyst Operator Good morning, everyone, and welcome to the Kaltura Fourth Quarter and Full Year twenty twenty four Earnings Call. All mater ...
Kaltura(KLTR) - 2024 Q4 - Annual Report
2025-02-20 14:30
Business Overview - Kaltura serves approximately 24% of the top 50 financial services and insurance institutions and 6 out of the 10 largest pharma and healthcare providers globally[64]. - The company serves customers in 53 countries, with key markets including the United States, United Kingdom, Germany, and France[92]. - Enterprise customers, defined as those with over 5,000 employees or paying more than $60,000 in annual recurring revenue, represented over 96% of subscription revenue in 2024[93]. - The company employs a direct sales strategy, focusing on long-term relationships with enterprise customers and supported by customer success managers[94]. - The partner ecosystem is expected to expand in 2025, enhancing customer satisfaction and retention through integrated solutions[87]. Financial Performance - Total revenue for 2024 reached $178.7 million, a 2.9% increase from $175.2 million in 2023[519]. - Subscription revenue increased to $167.7 million in 2024, up from $162.8 million in 2023, representing a 5.6% growth[519]. - Gross profit for 2024 was $119.1 million, compared to $112.2 million in 2023, reflecting a 6.5% increase[519]. - Operating loss decreased to $24.1 million in 2024 from $38.7 million in 2023, showing a 37.8% improvement[519]. - Net loss for 2024 was $31.3 million, down from $46.4 million in 2023, indicating a 32.5% reduction[521]. - Total stockholders' equity as of December 31, 2024, was $24.4 million, a decrease from $30.3 million in 2023[516]. - Research and development expenses for 2024 were $49.4 million, down from $52.4 million in 2023, a 5.7% decrease[519]. - The company reported a comprehensive loss of $31.4 million in 2024, compared to $45.0 million in 2023, a 30.3% improvement[521]. - Net cash provided by operating activities for 2024 was $12,233 thousand, compared to a net cash used of $(8,303) thousand in 2023, marking a turnaround in cash flow performance[526]. Product and Service Offerings - Kaltura plans to expand its product offerings, including the introduction of Gen AI capabilities expected to impact revenues in 2025[64]. - Kaltura's Video Content Management System (VCMS) supports the entire lifecycle of video content, including creation, storage, and analytics, designed for enterprise-grade environments[71]. - The TV Content Management System (TVCMS) offers scalable, cloud-native solutions for on-demand and live-linear TV services, supporting various monetization models[74]. - Kaltura's Video Portal integrates with corporate systems to provide secure, customizable user experiences for internal and customer-facing communication[76]. - The LMS & CMS Video Extensions streamline video integration into existing platforms, enhancing productivity and user engagement in both academic and corporate settings[76]. - Kaltura's Virtual Events & Webinars solution includes advanced security, customizable design, and analytics to measure audience engagement and ROI[76]. - The Virtual Classroom solution supports various educational formats and includes features like automated captioning and transcription to improve accessibility[78]. - TV Streaming Apps provide personalized viewing experiences and support multiple monetization models, including subscription and ad-supported options[78]. - The Gen AI-Powered Content Lab allows organizations to automate video content transformation, enhancing engagement and discoverability[78]. - The company aims to refine and expand its Gen AI solutions in response to market demands, although future adoption levels and financial impacts remain uncertain[80]. - The Gen AI-Powered 'Work Genie' and 'Class Genie' are designed to deliver hyper-personalized insights and learning experiences, respectively, while maintaining data security[83]. Market Strategy and Expansion - The company is pursuing market expansion by targeting SMEs and introducing new industry solutions for financial services and healthcare markets[64]. - Kaltura's marketing efforts include digital campaigns and free trials to enhance product engagement and expedite the sales cycle[96]. - The company has established strategic partnerships with top tech firms to expand channel sales and co-sell initiatives[95]. Assets and Liabilities - As of December 31, 2024, Kaltura, Inc. had total assets of $181.3 million, a decrease from $183.7 million in 2023[514]. - The company reported cash and cash equivalents of $33.1 million, down from $36.7 million in the previous year[514]. - Kaltura's total current liabilities increased to $101.7 million in 2024 from $99.9 million in 2023[514]. - The company had outstanding floating rate debt obligations of $32.3 million as of December 31, 2024[502]. - The company had a total of $4,085 million in prepaid expenses as of December 31, 2024, an increase from $2,656 million in 2023, representing a growth of 53.6%[644]. Stock and Equity - The number of shares outstanding increased to 152,057,148 as of December 31, 2024, from 142,588,917 in 2023[516]. - Additional paid-in capital rose to $500.0 million in 2024, up from $471.6 million in 2023, reflecting a 6.0% increase[516]. - The company repurchased common stock amounting to $(2,920) thousand in 2024, indicating a commitment to returning value to shareholders[526]. Currency and Foreign Exchange - A hypothetical 10% change in foreign currency exchange rates would have impacted Kaltura's results by $1.4 million due to NIS and $5.1 million due to Euros for the year ended December 31, 2024[501]. - The company reported cash equivalents of $12,212 million as of December 31, 2024, down from $18,745 million in 2023, a decrease of 34.6%[632]. - The fair value of outstanding foreign currency contracts was recorded as an asset of $960 million and a liability of $24 million as of December 31, 2024[635]. Operating Leases - The total operating lease payments due as of December 31, 2024, amounted to $19,945 million, with total operating lease liabilities recorded at $17,767 million[639]. - The company recorded a total operating lease cost of $2,697 million for the year ended December 31, 2024, compared to $2,875 million in 2023, reflecting a decrease of 6.2%[637]. - The total cash paid for operating leases was $3,906 million for the year ended December 31, 2024, compared to $3,353 million in 2023, an increase of 16.4%[637].