Kaltura, Inc. (KLTR) Bundle
An Overview of Kaltura, Inc. (KLTR)
General Summary of Kaltura, Inc. (KLTR)
Kaltura, Inc., founded in 2006, specializes in cloud-based video solutions and services. The company provides a comprehensive Video Experience Cloud platform that supports a range of applications including live streaming, video-on-demand, and webinars. Kaltura's offerings are utilized across various sectors, including education, enterprise, and media. As of 2024, Kaltura reported total sales of approximately $133.1 million for the nine months ended September 30, 2024, reflecting a slight increase compared to $130.7 million for the same period in 2023.
Company's Financial Performance in the Latest Financial Reports
In the latest financial reporting period, Kaltura demonstrated notable growth, particularly in subscription revenue. For the three months ended September 30, 2024, total revenue reached $44.3 million, up from $43.5 million in the previous year. Subscription revenue specifically increased to $42.1 million from $40.8 million year-over-year. The company's gross profit for the same period was $29.5 million, compared to $27.7 million in 2023.
| Financial Metrics | Three Months Ended September 30, 2024 | Three Months Ended September 30, 2023 |
|---|---|---|
| Total Revenue | $44,295,000 | $43,542,000 |
| Subscription Revenue | $42,085,000 | $40,847,000 |
| Gross Profit | $29,541,000 | $27,699,000 |
| Net Loss | $3,610,000 | $10,726,000 |
For the nine months ending September 30, 2024, Kaltura's total revenue was $133.1 million, up from $130.7 million in the same period of 2023. The net loss narrowed to $24.7 million in 2024 from $34.3 million in the previous year, indicating improvements in operational efficiency and cost management.
Introduction to Kaltura as a Leader in the Industry
Kaltura is recognized as a leader in the video technology industry, providing innovative solutions tailored for enterprises, educational institutions, and media companies. The company employs a "land and expand" strategy, focusing on increasing usage among existing customers while acquiring new clients. As of September 30, 2024, Kaltura achieved a Net Dollar Retention Rate of 101%, showcasing its effectiveness in maintaining and growing revenue from existing customers. The company continues to expand its platform capabilities, introducing new features that leverage AI and enhance user engagement across its video solutions.
Mission Statement of Kaltura, Inc. (KLTR)
Mission Statement of Kaltura, Inc. (KLTR)
Kaltura, Inc. is committed to empowering users through innovative video solutions that enhance communication, engagement, and collaboration. The mission statement reflects the company's dedication to providing high-quality products and services in the realm of video technology, focusing on flexibility, scalability, and user-centric design.
Core Component 1: Empowering Users
The first core component emphasizes empowering users by providing tools that enhance their ability to create and distribute video content. Kaltura's platform supports a diverse range of applications, from education to enterprise communications, enabling users to engage effectively with their audiences.
As of September 30, 2024, Kaltura reported a total revenue of $133.1 million, representing a 2% increase from $130.7 million in the previous year . This growth underscores the company's success in meeting user demands across various sectors.
Core Component 2: Innovative Video Solutions
The second core component focuses on providing innovative video solutions that cater to the evolving needs of businesses and educational institutions. Kaltura continuously invests in research and development, ensuring that its offerings remain at the forefront of technology.
During the nine months ended September 30, 2024, Kaltura's Research and Development expenses were approximately $36.5 million, reflecting a strategic allocation aimed at enhancing product capabilities . This investment is critical in maintaining a competitive edge in the video technology market.
Core Component 3: Commitment to Quality
The third core component highlights Kaltura's commitment to quality in delivering reliable and effective video solutions. The company prioritizes customer satisfaction by ensuring that its products meet rigorous standards of performance and usability.
Kaltura's subscription revenue for the nine months ended September 30, 2024, was $124.3 million, indicating a solid foundation of recurring revenue that supports its quality assurance initiatives . The increase in subscription revenue by 2% from the previous year illustrates the effectiveness of Kaltura's commitment to providing high-quality services.
| Metric | 2024 | 2023 | Change (%) |
|---|---|---|---|
| Total Revenue | $133.1 million | $130.7 million | 2% |
| R&D Expenses | $36.5 million | $39.7 million | -6% |
| Subscription Revenue | $124.3 million | $121.9 million | 2% |
Vision Statement of Kaltura, Inc. (KLTR)
Vision Statement Overview
Kaltura, Inc. (KLTR) aims to be a leader in the video experience market, focusing on delivering comprehensive video solutions that cater to a diverse range of industries. By 2024, Kaltura envisions a future where their Video Experience Cloud empowers any organization to create and manage video content seamlessly, enhancing communication, collaboration, and engagement across various sectors.
Empowering Organizations
Kaltura's vision emphasizes empowering organizations to utilize video technology to its fullest potential. The company aims to provide tools that enable businesses to engage their audiences more effectively, whether for marketing, education, or internal communications. Kaltura's Video Experience Cloud is designed to facilitate live, real-time, and on-demand video capabilities.
Innovative Solutions
The company is committed to continuous innovation, ensuring that its offerings are at the forefront of technology. Kaltura plans to integrate advanced features into its platform, such as enhanced analytics, artificial intelligence, and machine learning capabilities, to improve user experience and operational efficiency.
Global Reach and Accessibility
In 2024, Kaltura envisions expanding its global footprint, making its services accessible to a broader audience. The company aims to reach millions of users across different regions, adapting its solutions to meet local needs while maintaining a consistent quality of service.
Commitment to Customer Success
Kaltura's vision includes a strong commitment to customer success. The company plans to enhance its customer support services, ensuring that users can effectively utilize the platform to achieve their business objectives. This commitment is reflected in their Net Dollar Retention Rate of 101% for the three months ended September 30, 2024.
Financial Performance and Growth Aspirations
Kaltura's financial strategy is aligned with its vision of growth and expansion. For the nine months ended September 30, 2024, Kaltura reported total revenue of $133.1 million, a slight increase from $130.7 million in the previous year. This growth is expected to continue as the company invests in new technologies and markets.
| Financial Metric | Q3 2024 | Q3 2023 |
|---|---|---|
| Total Revenue | $44.295 million | $43.542 million |
| Net Loss | $(3.610) million | $(10.726) million |
| Net Loss per Share | $0.02 | $0.08 |
| Annualized Recurring Revenue (ARR) | $168.879 million | $163.069 million |
| Remaining Performance Obligations | $187.846 million | $163.995 million |
Strategic Partnerships
Kaltura aims to forge strategic partnerships with leading organizations to enhance its service offerings. Collaborations with technology providers, educational institutions, and media companies are part of this strategy, aimed at enriching the ecosystem around Kaltura's video technology.
Focus on Sustainability and Social Responsibility
As part of its vision, Kaltura recognizes the importance of sustainability and social responsibility. The company is committed to implementing practices that reduce its environmental impact while also promoting diversity and inclusion within its workforce and customer base.
Conclusion of Vision Statement
Kaltura, Inc. envisions a future where its innovative video solutions empower organizations globally, driving engagement and success through video technology. By focusing on customer success, financial growth, strategic partnerships, and sustainability, Kaltura aims to solidify its position as a leader in the video experience industry.
Core Values of Kaltura, Inc. (KLTR)
Customer Centricity
Kaltura, Inc. emphasizes a strong commitment to customer centricity as a core value. This is reflected in their Net Dollar Retention Rate, which stood at 101% for the three months ended September 30, 2024, indicating a stable revenue retention from existing customers.
The company has implemented several initiatives to enhance customer engagement, such as personalized support and tailored solutions to meet specific client needs. For example, Kaltura's Enterprise, Education, and Technology (EE&T) segment generated $95.7 million in revenue for the nine months ended September 30, 2024, showcasing their success in attracting and retaining clients within this sector.
Innovation
Innovation is a fundamental value at Kaltura, driving the development of new products and features to enhance user experience. For instance, in 2024, Kaltura expanded its platform capabilities to include GenAI-powered solutions, which enhance productivity in content creation and user engagement.
The company has also invested in virtual and hybrid event products, which have significantly increased in demand, illustrating Kaltura's proactive approach to market needs. The total revenue for Kaltura’s Media and Telecom segment was $37.4 million for the nine months ended September 30, 2024, up from $37.1 million in the previous year.
Integrity
Kaltura operates with integrity, ensuring transparent communication and ethical practices in all its dealings. The company’s commitment to ethical standards is evident in its financial disclosures, where it reported a net loss of $24.7 million for the nine months ended September 30, 2024, reflecting honest reporting of its financial health.
Moreover, Kaltura's stock repurchase program, authorized in June 2024 for up to $5 million, demonstrates a commitment to shareholder value while maintaining transparency about its financial strategies.
Collaboration
Collaboration is key to Kaltura's operations, fostering teamwork both internally and with customers. The company promotes collaborative environments through its platform, which supports numerous use cases for communication, training, and marketing.
In the nine months ended September 30, 2024, Kaltura reported total revenues of $133.1 million, a slight increase from $130.7 million in the previous year, indicating the successful collaboration with various sectors to meet their video needs.
Accountability
Kaltura holds itself accountable to stakeholders by maintaining rigorous financial oversight and reporting. The company’s operational metrics, such as its Annualized Recurring Revenue (ARR) of $168.9 million for the three months ended September 30, 2024, reflect its commitment to sustainable growth.
Additionally, Kaltura’s focus on reducing operating expenses, which were $107.1 million for the nine months ended September 30, 2024, highlights its accountability in managing resources effectively.
| Core Value | Key Metrics | Initiatives |
|---|---|---|
| Customer Centricity | Net Dollar Retention Rate: 101% | Personalized support and tailored solutions |
| Innovation | Media and Telecom Revenue: $37.4 million | GenAI-powered solutions and event products |
| Integrity | Net Loss: $24.7 million | Transparent financial disclosures |
| Collaboration | Total Revenue: $133.1 million | Platform supporting various collaborative use cases |
| Accountability | Annualized Recurring Revenue: $168.9 million | Rigorous financial oversight and expense management |
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Resources:
- Kaltura, Inc. (KLTR) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Kaltura, Inc. (KLTR)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View Kaltura, Inc. (KLTR)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.