The following is a summary of the Kaltura, Inc. (KLTR) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Kaltura reported Q4 2023 revenue of $44.5 million, slightly up from the previous year, with $40.8 million of subscription revenue.

• The gross margin was slightly better at 64% for Q4 and the full year 2023, compared to 63% in Q4 2022.

• Despite these improvements, there was a GAAP net loss of $46.4 million for the full year and $12.1 million for Q4 2023.

• The company managed to reduce the adjusted EBITDA losses to $2.5 million and reduced the cash used for operations by $38.5 million.

• For 2024, they forecast total revenues to be between $173.7 million and $176.7 million.

Business Progress:

• An upward trend was noted in customer retention, with Kaltura recording a retention rate of 99% in Q4 2023 against 96% in the previous year.

• The company's focus is on the expansion of its AI capabilities with a view that enhanced video experiences will drive engagement and business results.

• Successes were reported in the fields of education and media, leading to more households joining their Cloud TV service.

• The sales strategy for 2024 aims to grow the commercial sales team and increase market presence, with particular aims on small-to-medium enterprises and large corporations.

• Kaltura anticipates AI to be a driving force in future content creation and system value, expecting gradual growth as part of a multi-year plan.

More details: Kaltura IR

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