KLTR - LONGKaltura, Inc. reported its Q4 2023 earnings with a slight miss on earnings expectations, showcasing an EPS of $-0.03 against the anticipated $-0.02. Despite this, the company witnessed year-over-year growth, with total revenue reaching $44.5 million, a 1% increase, and subscription revenue up by 3% to $40.8 million. This marked Kaltura's fifth consecutive quarter of growth, buoyed by subscription revenue increases and despite a dip in professional services revenues. The company also reported a second consecutive quarter of adjusted EBITDA profitability and positive cash flow from operations, reflecting significant improvements in its bottom line. With an optimistic outlook for 2024 amidst a more favorable market environment, Kaltura reaffirms its expectation for positive adjusted EBITDA and cash flow. The earnings call also highlighted leadership transitions, including the welcoming of John Doherty as the incoming CFO, and provided cautious guidance for 2024, reflecting a conservative stance in the face of market uncertainties.
Im not sure the stock wants to trade lower so im going to try my luck here. This is a risky play.
Good Luck Traders!
