Kaleyra, Inc.
CIK:0001719489|SEC Filings
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
|
| Income Statement [Abstract] | ||||
| Revenue | $ 86,752 | $ 81,109 | $ 170,370 | $ 161,590 |
| Cost of revenue | 64,981 | 62,459 | 127,499 | 125,202 |
| Gross profit | 21,771 | 18,650 | 42,871 | 36,388 |
| Operating expenses: | ||||
| Research and development | 5,314 | 6,265 | 10,716 | 11,155 |
| Sales and marketing | 5,459 | 7,226 | 11,473 | 14,326 |
| General and administrative | 15,192 | 16,594 | 29,228 | 31,974 |
| Intangible asset impairment | 321 | 321 | ||
| Total operating expenses | 26,286 | 30,085 | 51,738 | 57,455 |
| Loss from operations | (4,515) | (11,435) | (8,867) | (21,067) |
| Other income (expense), net | (200) | 37 | (185) | 83 |
| Financial expense, net | (3,821) | (3,417) | (7,455) | (6,569) |
| Foreign currency loss | (156) | (1,117) | (1,125) | (860) |
| Loss before income tax expense | (8,692) | (15,932) | (17,632) | (28,413) |
| Income tax expense (benefit) | 397 | (95) | 1,421 | 596 |
| Net loss | $ (9,089) | $ (15,837) | $ (19,053) | $ (29,009) |
| Net loss per common share, basic | $ (0.69) | $ (1.28) | $ (1.45) | $ (2.37) |
| Net loss per common share, diluted | $ (0.69) | $ (1.28) | $ (1.45) | $ (2.37) |
| Weighted-average shares used in computing net loss per common share, basic | 13,256,071 | 12,403,102 | 13,150,321 | 12,236,911 |
| Weighted-average shares used in computing net loss per common share,diluted | 13,256,071 | 12,403,102 | 13,150,321 | 12,236,911 |
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) |
Jun. 30, 2023 |
Mar. 31, 2023 |
Dec. 31, 2022 |
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|---|---|---|---|---|---|---|---|
| Current assets: | |||||||
| Cash and cash equivalents | $ 63,866,000 | $ 77,500,000 | |||||
| Restricted cash | 488,000 | 480,000 | |||||
| Short-term investments | 630,000 | 587,000 | |||||
| Trade receivables, net | 73,653,000 | 86,783,000 | |||||
| Deferred cost | 354,000 | 319,000 | |||||
| Prepaid expenses | 3,451,000 | 3,989,000 | |||||
| Other current assets | 4,748,000 | 3,387,000 | |||||
| Total current assets | 147,190,000 | 173,045,000 | |||||
| Property and equipment, net | 23,535,000 | 23,826,000 | |||||
| Operating right-of-use assets | 2,599,000 | 2,931,000 | |||||
| Intangible assets, net | 52,678,000 | 57,400,000 | |||||
| Goodwill | 111,905,000 | 111,526,000 | |||||
| Other long-term assets | 2,219,000 | 1,445,000 | |||||
| Total Assets | 340,126,000 | 370,173,000 | |||||
| Current liabilities: | |||||||
| Accounts payable | 73,038,000 | 82,258,000 | |||||
| Lines of credit | 3,468,000 | 3,955,000 | |||||
| Current portion of notes payable | 405,000 | ||||||
| Current portion of bank and other borrowings | 9,389,000 | 11,419,000 | |||||
| Deferred revenue | 2,443,000 | 3,528,000 | |||||
| Payroll and payroll related accrued liabilities | 6,855,000 | 5,993,000 | |||||
| Other current liabilities | 10,644,000 | 9,431,000 | |||||
| Total current liabilities | 105,837,000 | 116,989,000 | |||||
| Long-term portion of bank and other borrowings | 9,494,000 | 13,459,000 | |||||
| Long-term portion of notes payable | 192,844,000 | 191,777,000 | |||||
| Long-term portion of employee benefit obligation | 2,380,000 | 2,373,000 | |||||
| Other long-term liabilities | 3,193,000 | 3,362,000 | |||||
| Total Liabilities | 313,748,000 | 327,960,000 | |||||
| Commitments and contingencies (Note 14) | |||||||
| Stockholders’ equity: | |||||||
| Preferred stock, par value of $0.0001 per share; 1,000,000 shares authorized; no shares issued or outstanding | |||||||
| Common stock, par value of $0.0001 per share; 100,000,000 shares authorized as of June 30, 2023 and December 31, 2022; 14,125,366 shares issued and 13,325,920 shares outstanding as of June 30, 2023 and 13,858,440 shares issued and 13,058,994 shares outstanding as of December 31, 2022 | 1,000 | 1,000 | |||||
| Additional paid-in capital | 282,459,000 | 278,473,000 | |||||
| Treasury stock, at cost; 799,446 shares as of June 30, 2023 and December 31, 2022 | (30,431,000) | (30,431,000) | |||||
| Accumulated other comprehensive loss | (4,710,000) | (5,212,000) | |||||
| Accumulated deficit | (220,941,000) | (200,618,000) | |||||
| Total stockholders’ equity | 26,378,000 | $ 33,620,000 | [1] | 42,213,000 | [1] | ||
| Total liabilities and stockholders’ equity | $ 340,126,000 | $ 370,173,000 | |||||
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