Record Adjusted EBITDA
Kaltura posted a record adjusted EBITDA of $4.2 million, marking the ninth consecutive quarter of adjusted EBITDA profitability.
Strong Non-GAAP Gross Margin
The company achieved a non-GAAP gross margin of 70%, up from 68% in the same quarter last year.
Exciting Acquisition of Ethof.ai
Kaltura signed a definitive agreement to acquire Ethof.ai, a GenAI lab, which is expected to enhance their AI offerings and support revenue growth.
Significant Cash Flow from Operations
Cash flow from operations was $9.3 million, aligning with forecasts for strong cash flow in the second half of the year.
Share Repurchase from Goldman Sachs
Kaltura repurchased 14.4 million shares from Goldman Sachs, representing 9.2% of outstanding shares, at a 25% discount.
Planned Product Expansion
Kaltura plans to integrate new GenAI technology into its offerings, enhancing capabilities for immersive virtual agents across various industries.