Kaltura Announces Stock Repurchase Program

Core Viewpoint - Kaltura, Inc. has authorized a stock repurchase program for up to $5 million, indicating the Board's belief that the current share price is undervalued relative to long-term opportunities [1][2]. Stock Repurchase Program - The repurchase may occur through various means including open market purchases and block trades, with the timing and volume at the Company's discretion [3]. - The program is flexible, with no specific obligation to repurchase a set amount of stock and can be modified or suspended at any time [3]. - Funding for the repurchase is expected to come from existing cash, cash equivalents, short-term investments, and future cash flows [3]. Financial Guidance - For Q2 2024, Kaltura expects Subscription Revenue between $39.6 million and $40.3 million, Total Revenue between $42.7 million and $43.5 million, and Adjusted EBITDA between negative $0.6 million to positive $0.4 million [4][5]. - For the full year 2024, Subscription Revenue is projected to be between $161.2 million and $164.2 million, Total Revenue between $173.7 million and $176.7 million, and Adjusted EBITDA in the range of $0 million to $1 million [14]. Company Overview - Kaltura's mission is to provide video experiences for organizations, offering a Video Experience Cloud that includes live, real-time, and on-demand video products for various industries [15].