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.
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Price History & Performance
|Historical stock prices|
|Current Share Price||US$1.36|
|52 Week High||US$14.23|
|52 Week Low||US$1.33|
|1 Month Change||-20.00%|
|3 Month Change||-35.55%|
|1 Year Change||-88.51%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-86.94%|
Recent News & Updates
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.
|KLR||US Software||US Market|
Return vs Industry: KLR underperformed the US Software industry which returned -35.4% over the past year.
Return vs Market: KLR underperformed the US Market which returned -23% over the past year.
|KLR Average Weekly Movement||13.2%|
|Software Industry Average Movement||9.0%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: KLR is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.
Volatility Over Time: KLR's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
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
|KLR fundamental statistics|
Is KLR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|KLR income statement (TTM)|
|Cost of Revenue||US$258.51m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-1.09|
|Net Profit Margin||-14.35%|
How did KLR perform over the long term?See historical performance and comparison
Is KLR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
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.
|What is KLR's n/a Ratio?|
Price to Sales Ratio vs Peers
How does KLR's PS Ratio compare to its peers?
|KLR PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
Price-To-Sales vs Peers: KLR is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (2x).
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 (0.2x) compared to the US Software industry average (4.3x)
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.
|Current PS Ratio||0.2x|
|Fair PS Ratio||0.9x|
Price-To-Sales vs Fair Ratio: KLR is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).
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 ($1.36) 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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How is Kaleyra forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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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How has Kaleyra performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
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 (18.3%).
Return on Equity
High ROE: KLR has a negative Return on Equity (-45.91%), as it is currently unprofitable.
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How is Kaleyra's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
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.
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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What is Kaleyra current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Kaleyra Dividend Yield vs Market|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|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.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dario Calogero (60 yo)
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|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$4m||US$473k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$909k||US$454k|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||US$5m||US$448k|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||US$913k||US$314k|
Compensation vs Market: Dario's total compensation ($USD4.46M) is above average for companies of similar size in the US market ($USD780.01K).
Compensation vs Earnings: Dario's compensation has increased whilst the company is unprofitable.
Experienced Management: KLR's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Experienced Board: KLR's board of directors are considered experienced (5.3 years average tenure).
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
|09 Sep 22||SellUS$127,181||Dario Calogero||Individual||82,371||US$1.55|
|07 Sep 22||SellUS$91,620||Giacomo Dall’Aglio||Individual||59,438||US$1.55|
|06 Sep 22||SellUS$26,965||Geoffrey Grauer||Individual||17,578||US$1.53|
|06 Sep 22||SellUS$20,948||Nicola Vitto||Individual||13,656||US$1.53|
|18 Aug 22||SellUS$66,588||John Mikulsky||Individual||35,000||US$1.92|
|14 Jun 22||SellUS$240,608||Giacomo Dall’Aglio||Individual||103,000||US$2.34|
|13 Jun 22||SellUS$138,301||Giacomo Dall’Aglio||Individual||52,948||US$2.90|
|13 Jun 22||SellUS$98,807||Nicola Vitto||Individual||38,493||US$2.90|
|13 Jun 22||SellUS$20,372||Geoffrey Grauer||Individual||8,387||US$2.85|
|13 Jun 22||SellUS$9,052||Mauro Carobene||Individual||3,684||US$2.85|
|13 Jun 22||SellUS$48,397||Dario Calogero||Individual||17,298||US$2.90|
|09 Jun 22||BuyUS$19,428||Dario Calogero||Individual||6,557||US$2.96|
|09 Jun 22||SellUS$52,594||Giacomo Dall’Aglio||Individual||17,938||US$2.93|
|03 Jun 22||BuyUS$33,000||Matteo Lodrini||Individual||10,000||US$3.30|
|24 May 22||BuyUS$49,290||Esse Effe S.p.A.||Company||15,000||US$3.29|
|18 May 22||BuyUS$52,780||Mauro Carobene||Individual||14,500||US$3.64|
|10 Mar 22||SellUS$489,075||Avishay Katz||Individual||72,923||US$6.72|
|09 Mar 22||SellUS$334,665||Dario Calogero||Individual||50,000||US$6.69|
|09 Mar 22||SellUS$87,766||Giacomo Dall’Aglio||Individual||13,000||US$6.75|
|03 Mar 22||BuyUS$113,047||Esse Effe S.p.A.||Company||15,000||US$7.71|
|02 Mar 22||SellUS$154,000||John Mikulsky||Individual||20,000||US$7.71|
|01 Mar 22||BuyUS$76,900||Esse Effe S.p.A.||Company||10,000||US$7.69|
|01 Mar 22||SellUS$8,967||Avishay Katz||Individual||1,157||US$7.75|
|28 Feb 22||SellUS$237,579||John Mikulsky||Individual||30,000||US$8.00|
|25 Feb 22||BuyUS$39,600||Matteo Lodrini||Individual||5,000||US$7.92|
|25 Feb 22||SellUS$69,210||Avishay Katz||Individual||8,600||US$8.21|
|08 Dec 21||SellUS$541,500||Dario Calogero||Individual||50,000||US$10.83|
|19 Nov 21||SellUS$614,615||Avishay Katz||Individual||50,000||US$12.35|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.4%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Kaleyra, Inc.'s employee growth, exchange listings and data sources
- Name: Kaleyra, Inc.
- Ticker: KLR
- Exchange: NYSE
- Founded: 1999
- Industry: Application Software
- Sector: Software
- Implied Market Cap: US$60.308m
- Shares outstanding: 44.34m
- Website: https://www.kaleyra.com
Number of Employees
- Kaleyra, Inc.
- Via Marco D’Aviano, 2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|KLR||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Nov 2019|
|3YK||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Nov 2019|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/26 00:00|
|End of Day Share Price||2022/09/26 00:00|
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.