Kaltura
Kaltura
+7.84%
closure:0
opening:2.51
High:2.75
low:2.51
cycle:—
Page Quote News Graphs Company Profile Recommendations
More articles on the subject:
The Israeli company received a purchase offer of $383 million from the owner of the American video platform Panopto, which offers to purchase all the shares of the Israeli Kalatura traded on Nasdaq at a price of $3 per share, which reflects a value of Kalatura of $383 million. The price reflects a 27% premium compared to the share price before the announcement .
At the time of the publication of the offer, the controlling owner of Panopto, the K5 Private Investors fund, purchased 8.75 million shares of Kalatura in the framework of trading on the stock exchange and reached a holding of 6.9%.
Panopto provides asynchronous communication software mainly to universities and business organizations. Panopto’s software is commonly used for lecture recording, screen projection, video streaming, and video content management software, and is often used in remote work, e-learning, and corporate training and development environments. The company is also used by Israeli entities such as universities and more.
In June 2021, Kaltora raised 150 million dollars at a price of 10 dollars per share and according to a company value of 1.24 billion dollars. In the weeks after the offering, the stock soared to a record price of $14, before it began to collapse along with the drop in new issuances and the “bursting of the corona bubble” and companies reaching inflated market values.
Kaltora is a provider of video management systems, which are sold to business organizations and media companies, Kaltora ended the first quarter of 2022 with revenues totaling approximately $41.7 million and with an 18.7% increase in gross profit to $26.3 million. Kalatura’s operating loss jumped in the first quarter by 70.4% to $14.7 million, while the net loss increased in the first quarter by 8.8% to $16.9 million.
Comments to the article(0):
Your response has been received and will be published subject to the system policy.
Thanks.
for a new comment
Your response was not sent due to a communication problem, please try again.
Return to comment