Kaleyra Provides Business Update Post mGage Transaction
June 14 2021 - 7:00AM
Business Wire
The combination reiterates Kaleyra’s strength
as a top-5 global CPaaS platform
Kaleyra, Inc. (NYSE: KLR) (KLR.WS) (“Kaleyra” or the “Company”),
a rapidly growing cloud communications software provider delivering
a secure system of application programming interfaces (APIs) and
connectivity solutions in the API/Communications Platform as a
Service (CPaaS) market, today announced a financial update in
regards to the previously closed transaction with mGage.
“We are extremely pleased to welcome the mGage team to Kaleyra
and have enjoyed getting to know the team and understanding the
business,” commented Dario Calogero, Kaleyra’s Founder and Chief
Executive Officer. “As we move forward as one united team, I could
not be more proud of the global team we have assembled.”
Financial Outlook
Kaleyra’s outlook takes into consideration a significant volume
decrease in Brazil and India, due to ongoing pandemic issues and,
at the same time, that the Company has started to experience a
slight recovery in the US and Europe:
- Second Quarter 2021 Guidance: Total revenue is expected to be
in the range of $50.0 - $51.0 million, including additional
contribution from mGage for only the month of June following the
completion of the combination on June 1st, and confirming the
previously communicated guidance.
- Full Year 2021 Guidance: Total revenue is expected to be in the
range of $258 – $262 million, including previously communicated
Kaleyra guidance plus the Company's expectations for seven months
of additional contribution from mGage following the completion of
the combination on June 1st, and absent an accelerated wave of
COVID-19 cases.
About Kaleyra Inc. Kaleyra, Inc. (NYSE American: KLR)
(KLR WS), is a global group providing mobile communication services
to financial institutions, e.commerce, digital giants, software
companies, logistic providers, healthcare and other large
organizations worldwide. Through its proprietary platform, Kaleyra
manages multi-channel integrated communication services on a global
scale, consisting of messaging and instant messaging, push
notifications, e-mail, voice services, and chatbots. Kaleyra’s
technology today makes it possible to safely and securely manage
billions of messages monthly with a reach to hundreds of MNOs
including all tier-1 US carriers. For more information:
https://www.kaleyra.com/.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including with respect to the anticipated benefits of the
acquisition of mGage by the Company, including the Company’s
projected future results and market opportunities following the
acquisition of mGage. These forward-looking statements generally
are identified by the words “believe,” “project,” “expect,”
“anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,”
“will continue,” “will likely result,” and similar expressions.
Forward-looking statements are predictions, projections and other
statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this press
release, including but not limited to: (i) risks that the
transaction disrupts current plans and operations of mGage and
potential difficulties in mGage employee retention as a result of
the transaction, (ii) the price of the Company’s securities may be
volatile due to a variety of factors, including changes in the
competitive and highly regulated industries in which the Company,
including mGage, operates, variations in operating performance
across competitors, changes in laws and regulations affecting the
Company’s, including mGage’s, business and changes in the combined
capital structure, (iii) the ability to integrate mGage into the
Company and implement business plans, forecasts, and other
expectations after the completion of the transaction, and identify
and realize additional opportunities, (iv) the risk of downturns
and a changing regulatory landscape in the highly competitive
communications industry and (v) the size and growth of the market
in which the Company operates, (vi) the mix of services utilized by
the Company’s customers and such customers’ needs for these
services, (viii) market acceptance of new service offerings, (ix)
the ability of the Company to expand what it does for existing
customers as well as to add new customers, (x) that the Company
will have sufficient capital to operate as anticipated, and (xi)
the impact that the novel coronavirus and the illness, COVID-19,
that it causes, as well as governmental responses to deal with the
spread of this illness and the reopening of economies that have
been closed as part of these responses, may have on the Company’s
operations, the demand for its products, global supply chains and
economic activity in general. The foregoing list of factors is not
exhaustive. You should carefully consider the foregoing factors and
the other risks and uncertainties described in the “Risk Factors”
section of the Company’s Annual Report on Form 10-K for the year
ended December 31, 2019, the Company’s Quarterly Report on Form
10-Q for the quarter ended March 31, 2021 and other documents filed
by the Company from time to time with the U.S. Securities and
Exchange Commission (the “SEC”). These filings identify and address
other important risks and uncertainties that could cause actual
events and results to differ materially from those contained in the
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Should one or more of these risks or
uncertainties materialize or should any of the assumptions being
made prove incorrect, actual results may vary in material respects
from those projected in these forward-looking statements. Readers
are cautioned not to put undue reliance on forward-looking
statements. We undertake no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210614005205/en/
Investor Contact: Marc P. Griffin ICR, Inc.
Marc.Griffin@icrinc.com ir@kaleyra.com 646-277-1290
Kaleyra (AMEX:KLR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Kaleyra (AMEX:KLR)
Historical Stock Chart
From Jul 2023 to Jul 2024