Kaltura, Inc. (KLTR) is the company powering video experience for any business. Its Video Experience Cloud offers real-time, and on-demand video products for companies along with specified industry solutions.
The price of KLTR stock during the early trading hours of February 23, 2022, was last checked to be $1.96 with a deceleration of 36.3%.
KLTR: Key Financials
On February 23, 2022, KLTR released its Q4 2021 financial results for the quarter ended December 31, 2021. Some of the main points are discussed below.
Revenue
Revenue in the fourth quarter of 2021 was $42.7 million against $35.2 million in the same quarter of 2020. The company observed an increase of 21% over the year in revenue. The company’s revenue was in-line with the analysts’ estimates.
EPS
Basic and diluted net loss in Q4 2021 was $15.9 million or $0.12 per share against $36.3 million or $1.56 per share in the same quarter of 2020. The company’s net loss decreased over the year. It missed the analysts’ estimates of -$0.11.
KLTR: Events and Happenings
On December 21, 2021, KLTR and Astro announced choosing the company’s TV portfolio to power Sooka. It is a streaming service targeted at millennials. On December 20, 2021, KLTR published the report regarding the state of video in education 2022. The report assessed the growth of video’s impact on education over the last year and provided coming year insights. It is the company’s eighth yearly report on video in education.
On December 17, 2021, KLTR announced that ‘Watch’ launched its next-generation streaming TV service powered by the company and hosted on AWS. On December 16, 2021, KLTR updated about its selection to deliver a multiscreen streaming service portfolio for ‘Dreamia’. It is a thematic channel producer. On December 7, 2021, KLTR announced the expansion of its collaboration with Verbit. It is the leading transcription and captioning business.
Conclusion
KLTR is down-performing from the previous year as its stock price declined by 84% in this period. The recent early trading stock decline is the impact of its earnings release as it missed the analysts estimated EPS. The company should focus on capacity building for futuristic collaborations.
