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KLR

Kaleyra NYSE:KLR Stock Report

Last Price

US$0.97

Market Cap

US$43.2m

7D

-24.6%

1Y

-90.6%

Updated

05 Oct, 2022

Data

Company Financials +
KLR fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance0/6
Financial Health2/6
Dividends0/6

KLR Stock Overview

Kaleyra Inc., through its subsidiaries, provides mobile communication services to financial institutions, e-commerce players, over the tops (OTTs), software companies, logistic enablers, healthcare providers and retailers, and other organizations.

Kaleyra Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kaleyra
Historical stock prices
Current Share PriceUS$0.97
52 Week HighUS$14.23
52 Week LowUS$0.93
Beta1.27
1 Month Change-38.41%
3 Month Change-57.87%
1 Year Change-90.62%
3 Year Changen/a
5 Year Changen/a
Change since IPO-90.65%

Recent News & Updates

Oct 04

Kaleyra to provide SMS services for Amazon Pay India; stock gains 5% premarket

Kaleyra (NYSE:KLR) stock gained 5% premarket on Tuesday after the CPaaS firm said it will provide SMS services for Amazon Pay India as a preferred SMS provider. KLR's API solution, which is already integrated into the Amazon Pay platform, will trigger messages for one-time passwords, and confirm payment details for vendors and end users. Shares of KLR have declined ~90% YTD.

Sep 20

Kaleyra, Inc.: Buffeted By Global Headwinds

Summary Today, we put Kaleyra, Inc. in the spotlight for the first time here on The Busted IPO Forum. The stock of this Communications Platform as a Service vendor has dropped sharply recently on reduced guidance and global headwinds. Are the shares of this 'Busted IPO' now in bargain territory? An investment analysis follows in the paragraphs below. I'm not anti-social. I'm just not social."― Woody Allen We take our first look at Kaleyra, Inc. (KLR) in today's feature article. The company came public in June of 2020 at $4.50 a share. The shares quickly quadrupled but have been in a downward spiral ever since and are now firmly in Busted IPO territory. So, Is KLR a falling knife or now in oversold status? An analysis follows below. Seeking Alpha Company Overview: Kaleyra, Inc. is based in Milan, Italy. The company's platform and Application Programming Interface (APIs) help manage multi-channel integrated communication services globally consisting of messaging, push notifications, e-mail, voice services, video capabilities, and chatbots. Kaleyra's clients include financial institutions, e-commerce players, software companies, logistic enablers, healthcare providers, retailers as well as customers in other industries. Basically the company's platform enables businesses to connect with their customers via different methods (emails, texts, voice, video, WhatsApp, etc..). June Company Presentation Currently the stock trades just below $1.50 a share and sports an approximate market capitalization of $65 million. June Company Presentation Second Quarter Results: On August 8th, the company posted second quarter numbers. Kaleyra broke even on a Non-GAAP basis, 16 cents a share below the consensus. Revenues rose 50% on a year-over-year basis to just over $81 million, roughly in line with expectations. Kaleyra had a dollar-based net expansion rate of 103% during the quarter. The company delivered 13.4 billion billable messages and connected 1.8 billion voice calls during the quarter. This represents 58% and 32 growth over 2Q2021, respectively. Management then ratcheted down forward guidance for both the third quarter and for FY2022, which the company said was due to the following on its earnings press release: A slowing global economy with contraction in the United States and major European economies, increased caution from enterprise executives weighing new initiatives, and consumers who are facing food and energy costs that consume more disposable income than before. When combined with pressure from a strengthening U.S. dollar and industry-wide demand and pricing considerations, we believe that it is prudent to revise our revenue for the third quarter and full year to reflect the current global economic and geopolitical environment." The new guidance is as follows: Third Quarter 2022: Total revenue is expected to be in the range of $83 - $87 million, compared to $84.0 million in the comparable year-ago period. Full Year 2022: Total revenue is expected to be in the range of $345 - $350 million, compared to $267.7 million in the comparable year-ago period. Analyst Commentary & Balance Sheet: Since mid-July, Northland Securities ($9 price target, down from $18 previously), Oppenheimer ($6 price target) and Cowen & Co. ($10 price target) have reissued Buy/Outperform ratings while Craig-Hallum ($2.75 price target) have maintained their Hold rating on KLR.

Shareholder Returns

KLRUS SoftwareUS Market
7D-24.6%5.6%4.4%
1Y-90.6%-28.0%-18.2%

Return vs Industry: KLR underperformed the US Software industry which returned -28% over the past year.

Return vs Market: KLR underperformed the US Market which returned -18.2% over the past year.

Price Volatility

Is KLR's price volatile compared to industry and market?
KLR volatility
KLR Average Weekly Movement13.6%
Software Industry Average Movement8.7%
Market Average Movement6.9%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: KLR is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: KLR's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
1999600Dario Calogerohttps://www.kaleyra.com

Kaleyra Inc., through its subsidiaries, provides mobile communication services to financial institutions, e-commerce players, over the tops (OTTs), software companies, logistic enablers, healthcare providers and retailers, and other organizations. Through its platform and Application Programming Interface (APIs), it manages multi-channel integrated communication services globally consisting of messaging, push notifications, e-mail, voice services, video capabilities, and chatbots. Its technology enables partners to manage billions of messages monthly with 1600 operator connections in 190 countries.

Kaleyra Fundamentals Summary

How do Kaleyra's earnings and revenue compare to its market cap?
KLR fundamental statistics
Market CapUS$43.15m
Earnings (TTM)-US$48.16m
Revenue (TTM)US$335.62m

0.1x

P/S Ratio

-0.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KLR income statement (TTM)
RevenueUS$335.62m
Cost of RevenueUS$258.51m
Gross ProfitUS$77.11m
Other ExpensesUS$125.27m
Earnings-US$48.16m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.09
Gross Margin22.98%
Net Profit Margin-14.35%
Debt/Equity Ratio210.5%

How did KLR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is KLR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KLR?

Other financial metrics that can be useful for relative valuation.

KLR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA-15.6x
PEG Ration/a

Price to Sales Ratio vs Peers

How does KLR's PS Ratio compare to its peers?

KLR PS Ratio vs Peers
The above table shows the PS ratio for KLR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.8x
IDN Intellicheck
3.1x16.3%US$49.6m
AEYE AudioEye
2.6x18.6%US$71.8m
INVU Investview
0.6xn/aUS$50.0m
REKR Rekor Systems
4.8x68.4%US$65.9m
KLR Kaleyra
0.1x13.2%US$43.2m

Price-To-Sales vs Peers: KLR is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (2.8x).


Price to Earnings Ratio vs Industry

How does KLR's PE Ratio compare vs other companies in the US Software Industry?

Price-To-Sales vs Industry: KLR is good value based on its Price-To-Sales Ratio (0.1x) compared to the US Software industry average (4.4x)


Price to Sales Ratio vs Fair Ratio

What is KLR's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KLR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.1x
Fair PS Ratio0.8x

Price-To-Sales vs Fair Ratio: KLR is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).


Share Price vs Fair Value

What is the Fair Price of KLR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KLR ($0.97) is trading below our estimate of fair value ($5.29)

Significantly Below Fair Value: KLR is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Kaleyra forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


39.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KLR is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: KLR is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: KLR is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: KLR's revenue (13.2% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: KLR's revenue (13.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if KLR's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Kaleyra performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-50.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KLR is currently unprofitable.

Growing Profit Margin: KLR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KLR is unprofitable, and losses have increased over the past 5 years at a rate of 50.3% per year.

Accelerating Growth: Unable to compare KLR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: KLR is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (14.3%).


Return on Equity

High ROE: KLR has a negative Return on Equity (-45.91%), as it is currently unprofitable.


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Financial Health

How is Kaleyra's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: KLR's short term assets ($176.6M) exceed its short term liabilities ($105.9M).

Long Term Liabilities: KLR's short term assets ($176.6M) do not cover its long term liabilities ($215.1M).


Debt to Equity History and Analysis

Debt Level: KLR's net debt to equity ratio (139.7%) is considered high.

Reducing Debt: Insufficient data to determine if KLR's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: KLR has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if KLR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

What is Kaleyra current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Kaleyra Dividend Yield vs Market
How does Kaleyra dividend yield compare to the market?
SegmentDividend Yield
Company (Kaleyra)n/a
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.5%
Industry Average (Software)1.1%
Analyst forecast in 3 Years (Kaleyra)n/a

Notable Dividend: Unable to evaluate KLR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate KLR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if KLR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KLR's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as KLR has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure


CEO

Dario Calogero (60 yo)

23.75yrs

Tenure

US$4,462,840

Compensation

Mr. Dario Calogero serves as Chief Executive Officer and President at Comptel Oyj. He serves as Founder, Chief Executive Officer and President of Kaleyra, Inc. (previously known as Kaleyra S.p.A.) and has...


CEO Compensation Analysis

Dario Calogero's Compensation vs Kaleyra Earnings
How has Dario Calogero's remuneration changed compared to Kaleyra's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-US$48m

Mar 31 2022n/an/a

-US$37m

Dec 31 2021US$4mUS$473k

-US$34m

Sep 30 2021n/an/a

-US$31m

Jun 30 2021n/an/a

-US$25m

Mar 31 2021n/an/a

-US$28m

Dec 31 2020US$909kUS$454k

-US$27m

Sep 30 2020n/an/a

-US$26m

Jun 30 2020n/an/a

-US$20m

Mar 31 2020n/an/a

-US$13m

Dec 31 2019US$5mUS$448k

-US$6m

Sep 30 2019n/an/a

-US$8m

Jun 30 2019n/an/a

-US$9m

Mar 31 2019n/an/a

-US$8m

Dec 31 2018US$913kUS$314k

-US$7m

Compensation vs Market: Dario's total compensation ($USD4.46M) is above average for companies of similar size in the US market ($USD771.97K).

Compensation vs Earnings: Dario's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: KLR's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: KLR's board of directors are considered experienced (5.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: KLR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

NYSE:KLR Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
09 Sep 22SellUS$127,181Dario CalogeroIndividual82,371US$1.55
07 Sep 22SellUS$91,620Giacomo Dall’AglioIndividual59,438US$1.55
06 Sep 22SellUS$26,965Geoffrey GrauerIndividual17,578US$1.53
06 Sep 22SellUS$20,948Nicola VittoIndividual13,656US$1.53
18 Aug 22SellUS$66,588John MikulskyIndividual35,000US$1.92
14 Jun 22SellUS$240,608Giacomo Dall’AglioIndividual103,000US$2.34
13 Jun 22SellUS$138,301Giacomo Dall’AglioIndividual52,948US$2.90
13 Jun 22SellUS$98,807Nicola VittoIndividual38,493US$2.90
13 Jun 22SellUS$20,372Geoffrey GrauerIndividual8,387US$2.85
13 Jun 22SellUS$9,052Mauro CarobeneIndividual3,684US$2.85
13 Jun 22SellUS$48,397Dario CalogeroIndividual17,298US$2.90
09 Jun 22BuyUS$19,428Dario CalogeroIndividual6,557US$2.96
09 Jun 22SellUS$52,594Giacomo Dall’AglioIndividual17,938US$2.93
03 Jun 22BuyUS$33,000Matteo LodriniIndividual10,000US$3.30
24 May 22BuyUS$49,290Esse Effe S.p.A.Company15,000US$3.29
18 May 22BuyUS$52,780Mauro CarobeneIndividual14,500US$3.64
10 Mar 22SellUS$489,075Avishay KatzIndividual72,923US$6.72
09 Mar 22SellUS$334,665Dario CalogeroIndividual50,000US$6.69
09 Mar 22SellUS$87,766Giacomo Dall’AglioIndividual13,000US$6.75
03 Mar 22BuyUS$113,047Esse Effe S.p.A.Company15,000US$7.71
02 Mar 22SellUS$154,000John MikulskyIndividual20,000US$7.71
01 Mar 22BuyUS$76,900Esse Effe S.p.A.Company10,000US$7.69
01 Mar 22SellUS$8,967Avishay KatzIndividual1,157US$7.75
28 Feb 22SellUS$237,579John MikulskyIndividual30,000US$8.00
25 Feb 22BuyUS$39,600Matteo LodriniIndividual5,000US$7.92
25 Feb 22SellUS$69,210Avishay KatzIndividual8,600US$8.21
08 Dec 21SellUS$541,500Dario CalogeroIndividual50,000US$10.83
19 Nov 21SellUS$614,615Avishay KatzIndividual50,000US$12.35

Ownership Breakdown

What is the ownership structure of KLR?
Owner TypeNumber of SharesOwnership Percentage
Private Companies5,656,33612.8%
Hedge Funds6,544,88714.8%
Individual Insiders7,815,39417.6%
General Public11,895,48026.8%
Institutions12,432,26728.0%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.4%.


Top Shareholders

Top 25 shareholders own 67.87% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
13.03%
Dario Calogero
5,777,798$5.6m-0.44%no data
12.76%
Esse Effe S.p.A.
5,656,336$5.5m0.27%no data
7.82%
MUST Asset Management Inc.
3,469,887$3.4m-2.98%2.07%
6.93%
Philosophy Capital Management LLC
3,075,000$3.0m24.39%0.88%
4.43%
Fortress Investment Group LLC
1,965,043$1.9m-0.25%0.13%
3.47%
Wasatch Advisors Inc
1,537,979$1.5m24.37%0.01%
3.11%
North Run Capital, LP
1,376,900$1.3m42.44%2.89%
3.1%
BlackRock, Inc.
1,373,824$1.3m17622.19%no data
2.72%
Avishay Katz
1,206,868$1.2m0%no data
2.02%
Blackstone Inc.
894,654$870.6k0%no data
1.33%
Argenta Bank Luxembourg SA
590,941$575.0k70.91%0.02%
0.79%
Marshall Wace LLP
351,048$341.6k141.29%no data
0.72%
State Street Global Advisors, Inc.
319,386$310.8k1528.03%no data
0.66%
First Eagle Investment Management, LLC
291,254$283.4k22.69%no data
0.58%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
256,743$249.8k0%no data
0.56%
Geode Capital Management, LLC
249,838$243.1k0%no data
0.52%
Royce & Associates, LP
231,200$225.0k-79.29%no data
0.47%
MSD Partners, L.P.
210,336$204.7k0%0.02%
0.45%
Northern Trust Global Investments
199,412$194.0k8739.18%no data
0.43%
Neil Miotto
190,215$185.1k0%no data
0.42%
Bridgeway Capital Management, LLC
185,900$180.9k0%no data
0.41%
Giacomo Dall’Aglio
180,169$175.3k-15.88%no data
0.4%
Boothbay Fund Management, LLC
176,851$172.1k52.87%0.01%
0.39%
Global Frontier Investments, LLC
175,000$170.3k0%0.07%
0.35%
Matteo Lodrini
153,087$149.0k18.29%no data

Company Information

Kaleyra, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Kaleyra, Inc.
  • Ticker: KLR
  • Exchange: NYSE
  • Founded: 1999
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: US$43.152m
  • Shares outstanding: 44.34m
  • Website: https://www.kaleyra.com

Number of Employees


Location

  • Kaleyra, Inc.
  • Via Marco D’Aviano, 2
  • Milan
  • Milan
  • 20131
  • Italy


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KLRNYSE (New York Stock Exchange)YesCommon StockUSUSDNov 2019
3YKDB (Deutsche Boerse AG)YesCommon StockDEEURNov 2019

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/10/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.