Kaleyra Announces First Quarter Financial Results
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Kaleyra Inc. (KLR) Misses Q1 EPS by 19c, Revenues Miss; Affirms 2Q & FY21 Revenues Guidance Below Consensus
May 10, 2021 4:49 PM EDTKaleyra Inc. (NYSE: KLR) reported Q1 EPS of ($0.34), $0.19 worse than the analyst estimate of ($0.15). Revenue for the quarter came in at $39.7 million versus the consensus estimate of $41.13 million.
First Quarter 2021 Financial Highlights
Revenue: Total revenue for the first quarter of 2021 was $39.7 million, an 18% increase when compared to $33.6 million in the first quarter of 2020.Gross Profit: Gross profit for the first quarter of 2021 was $6.3 million, a 34% increase when compared to $4.7 million for the first quarter of 2020, the largest year-over-year gross profit increase as a public company. Gross margin for the first... More