The stock of Kaleyra, Inc. (KLR) gained in the current market after the company announced its operational achievements of the 4th quarter as well as for the whole fiscal year. The stock of KLR was valued at around $9.28 gaining more than 2.54% from the previously closed value. At the end of the last trading session, the stock closed around $9.06. The trading volume in the last trading session was around 259.02K shares.
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Reasons for the KLR stock gain
Kaleyra, Inc. (KLR) on 12 January 2022, announced in a press release about its achievements in the 4rth quarter and fiscal year 2021. They also provided a brief report on the outlook for 2022.
Operational Highlights 4th Quarter and Fiscal Year 2021
- The company acquired mGage this strengthen its customer base and infrastructure network in the United States.
- The company also acquired Bandyer. Kaleyra is now able to offer video to expand its omnichannel abilities.
- The global customer base of Kaleyra is over 3,800. They delivered 13.5B billable messages and connected 1.5B voice calls.
- Kaleyra went public in 2021, depicting the company’s ambition to improve itself in the upcoming years.
- Kaleyra received several industry awards and recognitions.
- Kaleyra created and nurtured numerous partnerships.
- The company also launched different apps on Shopify and Salesforce marketplaces. Potentially connecting its CPaaS channels to 1 million users of the addressable market.
Effect on the stock
The stock of the company gained value after the company announced its milestones achieved in the 4th quarter and fiscal 2021. Investors were investing in its stock seeing the current performance and its potential of growth in the upcoming year.
2022 Outlook and Conclusion
Seeing the current operational performance of Kaleyra, they are in high hopes to meet or exceed its revenue targets for both the 4th quarter and fiscal year 2021. The company will report its financial results for the 4th quarter and fiscal year 2021 soon. The current momentum will give a boost to its performance in 2022. The growing demand will also increase its growth rate and eventually increase the profitability of the company.
