false
Q3
0001719489
--12-31
P6Y
true
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
P20D
P30D
0.0310
0.0310
0.0290
0.0390
0.0180
0.0260
0.0165
0.0170
0.0125
0.0195
0.0095
0.0150
0.0200
0.0300
0.0050
0.0050
0.0050
0.0050
0.0185
0001719489
2021-01-01
2021-09-30
xbrli:shares
0001719489
2021-11-03
0001719489
us-gaap:CommonStockMember
2021-01-01
2021-09-30
0001719489
us-gaap:WarrantMember
2021-01-01
2021-09-30
iso4217:USD
0001719489
2021-09-30
0001719489
2020-12-31
iso4217:USD
xbrli:shares
0001719489
2021-07-01
2021-09-30
0001719489
2020-07-01
2020-09-30
0001719489
2020-01-01
2020-09-30
0001719489
us-gaap:CommonStockMember
2021-06-30
0001719489
us-gaap:AdditionalPaidInCapitalMember
2021-06-30
0001719489
us-gaap:TreasuryStockMember
2021-06-30
0001719489
us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember
2021-06-30
0001719489
us-gaap:RetainedEarningsMember
2021-06-30
0001719489
2021-06-30
0001719489
us-gaap:CommonStockMember
2021-07-01
2021-09-30
0001719489
us-gaap:AdditionalPaidInCapitalMember
2021-07-01
2021-09-30
0001719489
us-gaap:RetainedEarningsMember
2021-07-01
2021-09-30
0001719489
us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember
2021-07-01
2021-09-30
0001719489
us-gaap:CommonStockMember
2021-09-30
0001719489
us-gaap:AdditionalPaidInCapitalMember
2021-09-30
0001719489
us-gaap:TreasuryStockMember
2021-09-30
0001719489
us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember
2021-09-30
0001719489
us-gaap:RetainedEarningsMember
2021-09-30
0001719489
us-gaap:CommonStockMember
2020-06-30
0001719489
us-gaap:AdditionalPaidInCapitalMember
2020-06-30
0001719489
us-gaap:TreasuryStockMember
2020-06-30
0001719489
us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember
2020-06-30
0001719489
us-gaap:RetainedEarningsMember
2020-06-30
0001719489
2020-06-30
0001719489
us-gaap:CommonStockMember
2020-07-01
2020-09-30
0001719489
us-gaap:AdditionalPaidInCapitalMember
2020-07-01
2020-09-30
0001719489
us-gaap:TreasuryStockMember
2020-07-01
2020-09-30
0001719489
us-gaap:RetainedEarningsMember
2020-07-01
2020-09-30
0001719489
us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember
2020-07-01
2020-09-30
0001719489
us-gaap:CommonStockMember
2020-09-30
0001719489
us-gaap:AdditionalPaidInCapitalMember
2020-09-30
0001719489
us-gaap:TreasuryStockMember
2020-09-30
0001719489
us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember
2020-09-30
0001719489
us-gaap:RetainedEarningsMember
2020-09-30
0001719489
2020-09-30
0001719489
us-gaap:CommonStockMember
2020-12-31
0001719489
us-gaap:AdditionalPaidInCapitalMember
2020-12-31
0001719489
us-gaap:TreasuryStockMember
2020-12-31
0001719489
us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember
2020-12-31
0001719489
us-gaap:RetainedEarningsMember
2020-12-31
0001719489
klr:CowenInvestmentsMember
us-gaap:CommonStockMember
2021-01-01
2021-09-30
0001719489
klr:CowenInvestmentsMember
us-gaap:AdditionalPaidInCapitalMember
2021-01-01
2021-09-30
0001719489
klr:CowenInvestmentsMember
2021-01-01
2021-09-30
0001719489
us-gaap:CommonStockMember
2021-01-01
2021-09-30
0001719489
us-gaap:AdditionalPaidInCapitalMember
2021-01-01
2021-09-30
0001719489
klr:MGageMember
us-gaap:CommonStockMember
2021-01-01
2021-09-30
0001719489
klr:MGageMember
us-gaap:AdditionalPaidInCapitalMember
2021-01-01
2021-09-30
0001719489
klr:MGageMember
2021-01-01
2021-09-30
0001719489
us-gaap:RetainedEarningsMember
2021-01-01
2021-09-30
0001719489
us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember
2021-01-01
2021-09-30
0001719489
us-gaap:CommonStockMember
2019-12-31
0001719489
us-gaap:AdditionalPaidInCapitalMember
2019-12-31
0001719489
us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember
2019-12-31
0001719489
us-gaap:RetainedEarningsMember
2019-12-31
0001719489
2019-12-31
0001719489
us-gaap:CommonStockMember
2020-01-01
2020-09-30
0001719489
us-gaap:AdditionalPaidInCapitalMember
2020-01-01
2020-09-30
0001719489
us-gaap:TreasuryStockMember
2020-01-01
2020-09-30
0001719489
us-gaap:RetainedEarningsMember
2020-01-01
2020-09-30
0001719489
us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember
2020-01-01
2020-09-30
0001719489
klr:WarrantRepurchaseAgreementsMember
2021-08-24
0001719489
klr:WarrantRepurchaseAgreementsMember
2021-08-24
2021-08-24
0001719489
klr:MGageMember
2021-06-01
0001719489
klr:MGageMember
2021-08-30
0001719489
klr:MGageMember
2021-08-30
2021-08-30
0001719489
klr:MGageMember
2021-05-31
2021-06-01
xbrli:pure
0001719489
klr:CowenAndChardanCapitalMarketsLLCMember
2020-05-01
2020-05-01
0001719489
klr:CowenMember
2020-05-01
2020-05-01
0001719489
klr:ChardanCapitalMarketsLimitedLiabilityCompanyMember
2020-05-01
2020-05-01
0001719489
klr:NorthlandSecuritiesIncMember
2020-03-06
2020-03-06
0001719489
klr:MGageEuropeLtdMember
2021-01-01
2021-09-30
0001719489
klr:BandyerSrlMember
2021-01-01
2021-09-30
0001719489
klr:PrivateInvestmentInPublicEquityOfferingMember
2021-01-01
2021-09-30
0001719489
klr:PublicOfferingMember
2020-01-01
2020-09-30
0001719489
klr:BandyerMember
2021-01-01
2021-09-30
0001719489
us-gaap:RestrictedStockUnitsRSUMember
2021-01-01
2021-09-30
0001719489
klr:MGageMember
2021-02-18
2021-02-18
0001719489
klr:MGageMember
klr:PIPESubscriptionAgreementsMember
2021-02-18
2021-02-18
0001719489
klr:MGageMember
klr:PIPESubscriptionAgreementsMember
2021-02-18
0001719489
klr:MGageEuropeLtdMember
2021-07-01
0001719489
klr:MGageSADeSVMember
2021-07-01
0001719489
klr:BandyerSrlMember
2021-07-08
2021-07-08
0001719489
2019-11-25
2019-11-25
0001719489
2019-11-25
0001719489
klr:PIPESubscriptionAgreementsMember
us-gaap:PrivatePlacementMember
klr:MGageMember
2021-02-18
0001719489
klr:CustomersMember
us-gaap:CustomerConcentrationRiskMember
us-gaap:SalesRevenueNetMember
2021-07-01
2021-09-30
0001719489
klr:CustomersMember
us-gaap:CustomerConcentrationRiskMember
us-gaap:SalesRevenueNetMember
2020-07-01
2020-09-30
0001719489
klr:CustomersMember
us-gaap:CustomerConcentrationRiskMember
us-gaap:SalesRevenueNetMember
2021-01-01
2021-09-30
0001719489
klr:CustomersMember
us-gaap:CustomerConcentrationRiskMember
us-gaap:SalesRevenueNetMember
2020-01-01
2020-09-30
klr:Customer
0001719489
klr:CustomerOneMember
us-gaap:CustomerConcentrationRiskMember
us-gaap:SalesRevenueNetMember
2021-07-01
2021-09-30
0001719489
klr:CustomerOneMember
us-gaap:CustomerConcentrationRiskMember
us-gaap:SalesRevenueNetMember
2020-07-01
2020-09-30
0001719489
klr:CustomerOneMember
us-gaap:CustomerConcentrationRiskMember
us-gaap:SalesRevenueNetMember
2020-01-01
2020-09-30
0001719489
klr:CustomersMember
us-gaap:CustomerConcentrationRiskMember
us-gaap:AccountsReceivableMember
2021-01-01
2021-09-30
0001719489
klr:CustomersMember
us-gaap:CustomerConcentrationRiskMember
us-gaap:AccountsReceivableMember
2020-01-01
2020-12-31
0001719489
klr:CustomerOneMember
us-gaap:CustomerConcentrationRiskMember
us-gaap:AccountsReceivableMember
2021-01-01
2021-09-30
0001719489
klr:CustomerOneMember
us-gaap:CustomerConcentrationRiskMember
us-gaap:AccountsReceivableMember
2020-01-01
2020-12-31
0001719489
klr:MGageMember
2021-02-18
0001719489
klr:MGageMember
klr:AcquiredDevelopedTechnologyMember
2021-07-01
2021-09-30
0001719489
klr:MGageMember
2021-07-01
2021-09-30
0001719489
us-gaap:CustomerRelationshipsMember
srt:MinimumMember
klr:MGageMember
2021-02-18
2021-02-18
0001719489
us-gaap:CustomerRelationshipsMember
klr:MGageMember
srt:MaximumMember
2021-02-18
2021-02-18
0001719489
us-gaap:DevelopedTechnologyRightsMember
klr:MGageMember
2021-02-18
2021-02-18
0001719489
us-gaap:TradeNamesMember
klr:MGageMember
2021-02-18
2021-02-18
0001719489
us-gaap:GeneralAndAdministrativeExpenseMember
klr:MGageMember
2021-01-01
2021-09-30
0001719489
klr:BandyerMember
2021-07-07
2021-07-07
iso4217:EUR
0001719489
klr:BandyerMember
2021-07-08
2021-07-08
0001719489
klr:BandyerMember
2021-07-08
0001719489
us-gaap:CustomerRelationshipsMember
klr:BandyerMember
2021-07-08
2021-07-08
0001719489
us-gaap:DevelopedTechnologyRightsMember
klr:BandyerMember
2021-07-08
2021-07-08
0001719489
srt:ProFormaMember
klr:MGageAndBandyerMember
2021-07-01
2021-09-30
0001719489
srt:ProFormaMember
klr:MGageAndBandyerMember
2021-01-01
2021-09-30
0001719489
srt:ProFormaMember
klr:MGageAndBandyerMember
2020-07-01
2020-09-30
0001719489
srt:ProFormaMember
klr:MGageAndBandyerMember
2020-01-01
2020-09-30
0001719489
srt:ProFormaMember
klr:MGageAndBandyerMember
2021-01-02
2021-06-01
0001719489
klr:MGageAndBandyerMember
2021-07-01
2021-09-30
0001719489
klr:MGageAndBandyerMember
2020-07-01
2020-09-30
0001719489
klr:MGageAndBandyerMember
2021-01-01
2021-09-30
0001719489
klr:MGageAndBandyerMember
2020-01-01
2020-09-30
0001719489
srt:ProFormaMember
klr:MGageMember
2021-07-01
2021-09-30
0001719489
srt:ProFormaMember
klr:MGageMember
2021-01-01
2021-09-30
0001719489
srt:ProFormaMember
klr:MGageMember
2020-07-01
2020-09-30
0001719489
srt:ProFormaMember
klr:MGageMember
2020-01-01
2020-09-30
0001719489
srt:ProFormaMember
klr:BandyerMember
2021-07-01
2021-09-30
0001719489
srt:ProFormaMember
klr:BandyerMember
2021-01-01
2021-09-30
0001719489
srt:ProFormaMember
klr:BandyerMember
2020-07-01
2020-09-30
0001719489
srt:ProFormaMember
klr:BandyerMember
2020-01-01
2020-09-30
0001719489
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:MutualFundMember
2021-09-30
0001719489
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:MutualFundMember
2021-09-30
0001719489
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:CertificatesOfDepositMember
2021-09-30
0001719489
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:CertificatesOfDepositMember
2021-09-30
0001719489
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
2021-09-30
0001719489
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
2021-09-30
0001719489
us-gaap:FairValueMeasurementsRecurringMember
2021-09-30
0001719489
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:InterestRateSwapMember
2021-09-30
0001719489
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:InterestRateSwapMember
2021-09-30
0001719489
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
klr:WarrantLiabilityMember
2021-09-30
0001719489
us-gaap:FairValueMeasurementsRecurringMember
klr:WarrantLiabilityMember
2021-09-30
0001719489
srt:MinimumMember
2021-01-01
2021-09-30
0001719489
srt:MaximumMember
2021-01-01
2021-09-30
0001719489
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:MutualFundMember
2020-12-31
0001719489
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:MutualFundMember
2020-12-31
0001719489
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:CertificatesOfDepositMember
2020-12-31
0001719489
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:CertificatesOfDepositMember
2020-12-31
0001719489
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
2020-12-31
0001719489
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
2020-12-31
0001719489
us-gaap:FairValueMeasurementsRecurringMember
2020-12-31
0001719489
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:InterestRateSwapMember
2020-12-31
0001719489
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:InterestRateSwapMember
2020-12-31
0001719489
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
klr:ForwardSharePurchaseAgreementMember
2020-12-31
0001719489
us-gaap:FairValueMeasurementsRecurringMember
klr:ForwardSharePurchaseAgreementMember
2020-12-31
0001719489
srt:MinimumMember
2020-01-01
2020-12-31
0001719489
srt:MaximumMember
2020-01-01
2020-12-31
0001719489
us-gaap:MutualFundMember
2021-09-30
0001719489
us-gaap:CertificatesOfDepositMember
2021-09-30
0001719489
us-gaap:MutualFundMember
2020-12-31
0001719489
us-gaap:CertificatesOfDepositMember
2020-12-31
0001719489
2020-01-01
2020-12-31
0001719489
klr:PreferenceSharesLiabilityMember
us-gaap:FairValueInputsLevel3Member
us-gaap:ResearchAndDevelopmentExpenseMember
2020-01-01
2020-09-30
0001719489
klr:PreferenceSharesLiabilityMember
us-gaap:FairValueInputsLevel3Member
us-gaap:SellingAndMarketingExpenseMember
2020-01-01
2020-09-30
0001719489
klr:PreferenceSharesLiabilityMember
us-gaap:FairValueInputsLevel3Member
us-gaap:GeneralAndAdministrativeExpenseMember
2020-01-01
2020-09-30
0001719489
klr:PreferenceSharesLiabilityMember
us-gaap:FairValueInputsLevel3Member
klr:FinancialIncomeExpenseNetMember
2020-01-01
2020-09-30
0001719489
klr:PreferenceSharesLiabilityMember
us-gaap:FairValueInputsLevel3Member
2020-01-01
2020-09-30
0001719489
us-gaap:InterestRateSwapMember
us-gaap:NondesignatedMember
2021-09-30
0001719489
us-gaap:InterestRateSwapMember
us-gaap:NondesignatedMember
2020-12-31
0001719489
us-gaap:InterestRateSwapMember
klr:FinancialIncomeExpenseMember
2021-07-01
2021-09-30
0001719489
us-gaap:InterestRateSwapMember
klr:FinancialIncomeExpenseMember
2020-07-01
2020-09-30
0001719489
us-gaap:InterestRateSwapMember
klr:FinancialIncomeExpenseMember
2021-01-01
2021-09-30
0001719489
us-gaap:InterestRateSwapMember
klr:FinancialIncomeExpenseMember
2020-01-01
2020-09-30
0001719489
us-gaap:InterestRateSwapMember
us-gaap:OtherNoncurrentLiabilitiesMember
us-gaap:NondesignatedMember
2021-09-30
0001719489
us-gaap:InterestRateSwapMember
us-gaap:OtherNoncurrentLiabilitiesMember
us-gaap:NondesignatedMember
2020-12-31
0001719489
us-gaap:DevelopedTechnologyRightsMember
2021-09-30
0001719489
us-gaap:CustomerRelationshipsMember
2021-09-30
0001719489
us-gaap:TradeNamesMember
2021-09-30
0001719489
us-gaap:PatentsMember
2021-09-30
0001719489
us-gaap:DevelopedTechnologyRightsMember
2020-12-31
0001719489
us-gaap:CustomerRelationshipsMember
2020-12-31
0001719489
us-gaap:PatentsMember
2020-12-31
0001719489
2021-04-01
2021-06-30
0001719489
klr:UnicreditSPALineATrancheOneMember
2021-09-30
0001719489
klr:UnicreditSPALineATrancheOneMember
2020-12-31
0001719489
klr:UnicreditSPALineATrancheTwoMember
2021-09-30
0001719489
klr:UnicreditSPALineATrancheTwoMember
2020-12-31
0001719489
klr:UnicreditSPALineBMember
2021-09-30
0001719489
klr:UnicreditSPALineBMember
2020-12-31
0001719489
klr:UnicreditSPALineCMember
2021-09-30
0001719489
klr:UnicreditSPALineCMember
2020-12-31
0001719489
klr:IntesaSanPaoloSPALineOneMember
2021-09-30
0001719489
klr:IntesaSanPaoloSPALineOneMember
2020-12-31
0001719489
klr:IntesaSanPaoloSPALineTwoMember
2021-09-30
0001719489
klr:IntesaSanPaoloSPALineTwoMember
2020-12-31
0001719489
klr:IntesaSanPaoloSPALineThreeMember
2021-09-30
0001719489
klr:IntesaSanPaoloSPALineThreeMember
2020-12-31
0001719489
klr:IntesaSanPaoloSPALineFourMember
2021-09-30
0001719489
klr:IntesaSanPaoloSPALineFourMember
2020-12-31
0001719489
klr:UBIBancaSPALineOneMember
2020-12-31
0001719489
klr:UBIBancaSPALineTwoMember
2021-09-30
0001719489
klr:UBIBancaSPALineTwoMember
2020-12-31
0001719489
klr:MonteDeiPaschiDiSienaSPALine1Member
2021-09-30
0001719489
klr:MonteDeiPaschiDiSienaSPALine1Member
2020-12-31
0001719489
klr:MonteDeiPaschiDiSienaSPALine2Member
2021-09-30
0001719489
klr:MonteDeiPaschiDiSienaSPALine2Member
2020-12-31
0001719489
klr:BancoBPMSPALineOneMember
2021-09-30
0001719489
klr:BancoBPMSPALineOneMember
2020-12-31
0001719489
klr:BancoBPMSPALineThreeMember
2021-09-30
0001719489
klr:BancoBPMSPALineThreeMember
2020-12-31
0001719489
klr:SimestOneMember
2021-09-30
0001719489
klr:SimestOneMember
2020-12-31
0001719489
klr:SimestTwoMember
2021-09-30
0001719489
klr:SimestTwoMember
2020-12-31
0001719489
klr:SimestThreeMember
2021-09-30
0001719489
klr:SimestThreeMember
2020-12-31
0001719489
klr:SimestFourMember
2021-09-30
0001719489
klr:BancoPopolareSocietaCooperativaMember
2021-09-30
0001719489
klr:UnicreditSPALineATrancheOneMember
2021-01-01
2021-09-30
0001719489
klr:UnicreditSPALineATrancheTwoMember
2021-01-01
2021-09-30
0001719489
klr:UnicreditSPALineBMember
2021-01-01
2021-09-30
0001719489
klr:UnicreditSPALineCMember
2021-01-01
2021-09-30
0001719489
klr:IntesaSanPaoloSPALineOneMember
2021-01-01
2021-09-30
0001719489
klr:IntesaSanPaoloSPALineTwoMember
2021-01-01
2021-09-30
0001719489
klr:IntesaSanPaoloSPALineThreeMember
2021-01-01
2021-09-30
0001719489
klr:IntesaSanPaoloSPALineFourMember
2021-01-01
2021-09-30
0001719489
klr:UBIBancaSPALineOneMember
2021-01-01
2021-09-30
0001719489
klr:UBIBancaSPALineTwoMember
2021-01-01
2021-09-30
0001719489
klr:MonteDeiPaschiDiSienaSPALine1Member
2021-01-01
2021-09-30
0001719489
klr:MonteDeiPaschiDiSienaSPALine2Member
2021-01-01
2021-09-30
0001719489
klr:BancoBPMSPALineOneMember
2021-01-01
2021-09-30
0001719489
klr:BancoBPMSPALineThreeMember
2021-01-01
2021-09-30
0001719489
klr:SimestOneMember
2021-01-01
2021-09-30
0001719489
klr:SimestTwoMember
2021-01-01
2021-09-30
0001719489
klr:SimestThreeMember
2021-01-01
2021-09-30
0001719489
klr:SimestFourMember
2021-01-01
2021-09-30
0001719489
klr:BancoPopolareSocietaCooperativaMember
2021-01-01
2021-09-30
0001719489
klr:UBIBancaSPALineOneMember
2021-09-30
0001719489
klr:IntesaSanPaoloSPAMember
klr:KaleyraIncorporationMember
klr:UnsecuredLoanAgreementMember
2021-01-01
2021-09-30
0001719489
klr:IntesaSanPaoloSPAMember
klr:KaleyraIncorporationMember
klr:UnsecuredLoanAgreementMember
2021-08-02
2021-08-03
0001719489
klr:GeneralUnsecuredLoanAgreementMember
klr:SimestSPAMember
2021-04-15
0001719489
klr:GeneralUnsecuredLoanAgreementMember
klr:FundForIntegratedPromotionMember
2021-04-15
0001719489
klr:GeneralUnsecuredLoanAgreementMember
klr:FundForIntegratedPromotionMember
2021-09-15
0001719489
klr:GeneralUnsecuredLoanAgreementMember
klr:Fund39481Member
2021-04-15
0001719489
klr:GeneralUnsecuredLoanAgreementMember
klr:Fund39481Member
2021-09-15
0001719489
klr:GeneralUnsecuredLoanAgreementMember
2021-04-15
2021-04-15
0001719489
klr:GeneralUnsecuredLoanAgreementMember
2021-01-01
2021-09-30
0001719489
klr:ForwardSharePurchaseAgreementMember
2021-09-30
0001719489
klr:ForwardSharePurchaseAgreementMember
klr:ThirdYakiraAmendmentMember
klr:OpenMarketMember
2021-01-25
2021-03-02
0001719489
klr:ForwardSharePurchaseAgreementMember
klr:OpenMarketMember
2020-01-01
2020-12-31
0001719489
klr:ForwardSharePurchaseAgreementMember
klr:ThirdYakiraAmendmentMember
srt:MinimumMember
klr:OpenMarketMember
2021-03-02
0001719489
klr:ForwardSharePurchaseAgreementMember
klr:ThirdYakiraAmendmentMember
klr:OpenMarketMember
2021-03-29
2021-03-29
0001719489
klr:ForwardSharePurchaseAgreementMember
klr:ThirdYakiraAmendmentMember
klr:OpenMarketMember
2021-03-29
0001719489
klr:NomuraGlobalFinancialProductsMember
klr:KaleyraIncorporationMember
klr:ForwardSharePurchaseAgreementMember
2021-02-25
2021-02-25
0001719489
klr:NomuraGlobalFinancialProductsMember
klr:KaleyraIncorporationMember
klr:ForwardSharePurchaseAgreementMember
2021-02-25
0001719489
klr:EsseEffeSPAMember
2019-11-25
2019-11-25
0001719489
klr:MayaInvestmentsLimitedMember
2019-11-25
2019-11-25
0001719489
klr:NonConvertibleUnsecuredPromissoryNotesMember
2021-09-30
0001719489
klr:EsseEffeSPAMember
klr:ConvertibleNotesMember
2021-09-30
0001719489
klr:MayaInvestmentsLimitedMember
klr:ConvertibleNotesMember
2021-09-30
0001719489
klr:ConvertibleUnsecuredPromissoryNotesMember
2021-01-01
2021-09-30
0001719489
klr:EsseEffeSPAMember
klr:ConvertibleUnsecuredPromissoryNotesMember
2021-09-30
0001719489
klr:MayaInvestmentsLimitedMember
klr:ConvertibleUnsecuredPromissoryNotesMember
2021-09-30
0001719489
klr:ConvertibleUnsecuredPromissoryNotesMember
2021-09-30
0001719489
klr:MayaInvestmentsLimitedMember
klr:ConvertibleUnsecuredPromissoryNotesMember
2021-06-02
0001719489
klr:MayaInvestmentsLimitedMember
klr:ConvertibleUnsecuredPromissoryNotesMember
2021-05-31
2021-06-02
0001719489
klr:EsseEffeSPAMember
2021-06-02
0001719489
klr:EsseEffeSPAMember
2021-05-31
2021-06-02
0001719489
klr:CowenAndCompanyLimitedLiabilityCompanyAndChardanCapitalMarketsLimitedLiabilityCompanyMember
2020-04-16
2020-04-16
0001719489
klr:ResaleRegistrationStatementMember
klr:CowenAndCompanyLimitedLiabilityCompanyAndChardanCapitalMarketsLimitedLiabilityCompanyMember
2020-04-16
0001719489
klr:ResaleRegistrationStatementMember
klr:ConvertibleNotesMember
klr:CowenAndCompanyLimitedLiabilityCompanyAndChardanCapitalMarketsLimitedLiabilityCompanyMember
2020-04-16
0001719489
klr:ResaleRegistrationStatementMember
klr:ConvertibleNotesMember
klr:CowenAndCompanyLimitedLiabilityCompanyAndChardanCapitalMarketsLimitedLiabilityCompanyMember
2020-04-16
2020-04-16
0001719489
klr:ResaleRegistrationStatementMember
klr:CowenAndCompanyLimitedLiabilityCompanyAndChardanCapitalMarketsLimitedLiabilityCompanyMember
2020-04-16
2020-04-16
utr:D
0001719489
klr:CowenInvestmentsAndChardanMember
2020-05-01
0001719489
klr:CowenInvestmentsMember
2020-05-01
0001719489
klr:ChardanMember
2020-05-01
0001719489
klr:ChardanMember
2020-05-01
2020-05-01
0001719489
klr:CowenInvestmentsMember
2020-05-01
2020-05-01
0001719489
2020-05-01
0001719489
klr:CowenInvestmentsMember
2020-12-31
0001719489
klr:ChardanMember
2020-12-31
0001719489
us-gaap:OtherCurrentLiabilitiesMember
klr:CowenInvestmentsMember
2020-12-31
0001719489
us-gaap:OtherCurrentLiabilitiesMember
klr:ChardanMember
2020-12-31
0001719489
klr:CowenInvestmentsMember
2021-02-04
2021-02-04
0001719489
klr:CowenInvestmentsMember
2021-02-04
0001719489
klr:ChardanMember
2021-09-30
0001719489
us-gaap:OtherCurrentLiabilitiesMember
klr:ChardanMember
2021-09-30
0001719489
klr:ConvertibleNotesMember
2021-06-01
0001719489
klr:ConvertibleNotesMember
klr:WilmingtonTrustNationalAssociationMember
2021-09-30
0001719489
klr:ConvertibleNotesMember
2021-09-30
0001719489
klr:ConvertibleNotesMember
2021-01-01
2021-09-30
0001719489
klr:ConvertibleNotesMember
klr:FirstAnniversaryMember
2021-01-01
2021-09-30
0001719489
klr:ConvertibleNotesMember
klr:SecondAnniversaryMember
2021-01-01
2021-09-30
0001719489
klr:ConvertibleNotesMember
2021-07-01
2021-09-30
0001719489
us-gaap:AccumulatedTranslationAdjustmentMember
2020-12-31
0001719489
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2020-12-31
0001719489
us-gaap:AccumulatedTranslationAdjustmentMember
2021-01-01
2021-03-31
0001719489
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2021-01-01
2021-03-31
0001719489
2021-01-01
2021-03-31
0001719489
us-gaap:AccumulatedTranslationAdjustmentMember
2021-03-31
0001719489
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2021-03-31
0001719489
us-gaap:AccumulatedTranslationAdjustmentMember
2021-04-01
2021-06-30
0001719489
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2021-04-01
2021-06-30
0001719489
us-gaap:AccumulatedTranslationAdjustmentMember
2021-06-30
0001719489
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2021-06-30
0001719489
us-gaap:AccumulatedTranslationAdjustmentMember
2021-07-01
2021-09-30
0001719489
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2021-07-01
2021-09-30
0001719489
us-gaap:AccumulatedTranslationAdjustmentMember
2021-09-30
0001719489
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2021-09-30
0001719489
us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember
2021-03-31
0001719489
us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember
2020-03-31
0001719489
us-gaap:AccumulatedTranslationAdjustmentMember
2019-12-31
0001719489
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2019-12-31
0001719489
us-gaap:AccumulatedTranslationAdjustmentMember
2020-01-01
2020-03-31
0001719489
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2020-01-01
2020-03-31
0001719489
2020-01-01
2020-03-31
0001719489
us-gaap:AccumulatedTranslationAdjustmentMember
2020-03-31
0001719489
us-gaap:AccumulatedTranslationAdjustmentMember
2020-04-01
2020-06-30
0001719489
2020-04-01
2020-06-30
0001719489
us-gaap:AccumulatedTranslationAdjustmentMember
2020-06-30
0001719489
us-gaap:AccumulatedTranslationAdjustmentMember
2020-07-01
2020-09-30
0001719489
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2020-07-01
2020-09-30
0001719489
us-gaap:AccumulatedTranslationAdjustmentMember
2020-09-30
0001719489
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2020-09-30
0001719489
klr:SolutionsInfiniPurchaseAgreementMember
2021-09-30
0001719489
klr:SolutionsInfiniPurchaseAgreementMember
2020-12-31
0001719489
klr:COVID19Member
us-gaap:PreferredStockMember
klr:SolutionsInfiniMember
klr:ModificationOf2018SolutionsInfiniPurchaseAgreementMember
2020-12-31
0001719489
klr:SolutionsInfiniMember
klr:ModificationOf2018SolutionsInfiniPurchaseAgreementMember
2020-03-09
2020-03-09
0001719489
us-gaap:PreferredStockMember
klr:SolutionsInfiniMember
klr:ModificationOf2018SolutionsInfiniPurchaseAgreementMember
2020-08-31
0001719489
us-gaap:PreferredStockMember
klr:SolutionsInfiniMember
klr:ModificationOf2018SolutionsInfiniPurchaseAgreementMember
2020-11-30
klr:Installment
0001719489
us-gaap:PreferredStockMember
klr:SolutionsInfiniMember
klr:ModificationOf2018SolutionsInfiniPurchaseAgreementMember
2020-08-30
2020-08-31
0001719489
klr:SolutionsInfiniMember
klr:ModificationOf2018SolutionsInfiniPurchaseAgreementMember
us-gaap:PreferredStockMember
2021-09-30
0001719489
us-gaap:InterestRateSwapMember
2021-09-30
0001719489
us-gaap:InterestRateSwapMember
2020-12-31
0001719489
country:IT
2021-07-01
2021-09-30
0001719489
country:IT
2020-07-01
2020-09-30
0001719489
country:IT
2021-01-01
2021-09-30
0001719489
country:IT
2020-01-01
2020-09-30
0001719489
stpr:IN
2021-07-01
2021-09-30
0001719489
stpr:IN
2020-07-01
2020-09-30
0001719489
stpr:IN
2021-01-01
2021-09-30
0001719489
stpr:IN
2020-01-01
2020-09-30
0001719489
country:US
2021-07-01
2021-09-30
0001719489
country:US
2020-07-01
2020-09-30
0001719489
country:US
2021-01-01
2021-09-30
0001719489
country:US
2020-01-01
2020-09-30
0001719489
klr:EuropeExcludingItalyMember
2021-07-01
2021-09-30
0001719489
klr:EuropeExcludingItalyMember
2020-07-01
2020-09-30
0001719489
klr:EuropeExcludingItalyMember
2021-01-01
2021-09-30
0001719489
klr:EuropeExcludingItalyMember
2020-01-01
2020-09-30
0001719489
srt:SouthAmericaMember
2021-07-01
2021-09-30
0001719489
srt:SouthAmericaMember
2021-01-01
2021-09-30
0001719489
klr:OtherCountriesMember
2021-07-01
2021-09-30
0001719489
klr:OtherCountriesMember
2020-07-01
2020-09-30
0001719489
klr:OtherCountriesMember
2021-01-01
2021-09-30
0001719489
klr:OtherCountriesMember
2020-01-01
2020-09-30
0001719489
country:IT
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2021-07-01
2021-09-30
0001719489
country:IT
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2020-07-01
2020-09-30
0001719489
country:IT
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2021-01-01
2021-09-30
0001719489
country:IT
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2020-01-01
2020-09-30
0001719489
stpr:IN
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2021-07-01
2021-09-30
0001719489
stpr:IN
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2020-07-01
2020-09-30
0001719489
stpr:IN
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2021-01-01
2021-09-30
0001719489
stpr:IN
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2020-01-01
2020-09-30
0001719489
country:US
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2021-07-01
2021-09-30
0001719489
country:US
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2020-07-01
2020-09-30
0001719489
country:US
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2021-01-01
2021-09-30
0001719489
country:US
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2020-01-01
2020-09-30
0001719489
klr:EuropeExcludingItalyMember
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2021-07-01
2021-09-30
0001719489
klr:EuropeExcludingItalyMember
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2020-07-01
2020-09-30
0001719489
klr:EuropeExcludingItalyMember
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2021-01-01
2021-09-30
0001719489
klr:EuropeExcludingItalyMember
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2020-01-01
2020-09-30
0001719489
srt:SouthAmericaMember
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2021-07-01
2021-09-30
0001719489
srt:SouthAmericaMember
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2020-07-01
2020-09-30
0001719489
srt:SouthAmericaMember
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2021-01-01
2021-09-30
0001719489
srt:SouthAmericaMember
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2020-01-01
2020-09-30
0001719489
klr:OtherCountriesMember
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2021-07-01
2021-09-30
0001719489
klr:OtherCountriesMember
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2020-07-01
2020-09-30
0001719489
klr:OtherCountriesMember
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2021-01-01
2021-09-30
0001719489
klr:OtherCountriesMember
us-gaap:GeographicConcentrationRiskMember
us-gaap:RevenueFromContractWithCustomerMember
2020-01-01
2020-09-30
0001719489
country:IT
2021-09-30
0001719489
country:IT
2020-12-31
0001719489
stpr:IN
2021-09-30
0001719489
stpr:IN
2020-12-31
0001719489
country:US
2021-09-30
0001719489
country:US
2020-12-31
0001719489
klr:OtherCountriesMember
2021-09-30
0001719489
klr:OtherCountriesMember
2020-12-31
0001719489
country:IT
us-gaap:GeographicConcentrationRiskMember
klr:NonCurrentAssetsMember
2021-01-01
2021-09-30
0001719489
country:IT
us-gaap:GeographicConcentrationRiskMember
klr:NonCurrentAssetsMember
2020-01-01
2020-12-31
0001719489
stpr:IN
us-gaap:GeographicConcentrationRiskMember
klr:NonCurrentAssetsMember
2021-01-01
2021-09-30
0001719489
stpr:IN
us-gaap:GeographicConcentrationRiskMember
klr:NonCurrentAssetsMember
2020-01-01
2020-12-31
0001719489
country:US
us-gaap:GeographicConcentrationRiskMember
klr:NonCurrentAssetsMember
2021-01-01
2021-09-30
0001719489
country:US
us-gaap:GeographicConcentrationRiskMember
klr:NonCurrentAssetsMember
2020-01-01
2020-12-31
0001719489
klr:OtherCountriesMember
us-gaap:GeographicConcentrationRiskMember
klr:NonCurrentAssetsMember
2021-01-01
2021-09-30
0001719489
klr:OtherCountriesMember
us-gaap:GeographicConcentrationRiskMember
klr:NonCurrentAssetsMember
2020-01-01
2020-12-31
0001719489
klr:OfficeMember
2021-07-01
2021-09-30
0001719489
klr:OfficeMember
2021-09-30
0001719489
us-gaap:RestrictedStockUnitsRSUMember
2020-12-31
0001719489
us-gaap:RestrictedStockUnitsRSUMember
2021-09-30
0001719489
us-gaap:RestrictedStockUnitsRSUMember
2021-07-01
2021-09-30
0001719489
us-gaap:ResearchAndDevelopmentExpenseMember
us-gaap:RestrictedStockUnitsRSUMember
2021-07-01
2021-09-30
0001719489
us-gaap:ResearchAndDevelopmentExpenseMember
us-gaap:RestrictedStockUnitsRSUMember
2020-07-01
2020-09-30
0001719489
us-gaap:ResearchAndDevelopmentExpenseMember
us-gaap:RestrictedStockUnitsRSUMember
2021-01-01
2021-09-30
0001719489
us-gaap:ResearchAndDevelopmentExpenseMember
us-gaap:RestrictedStockUnitsRSUMember
2020-01-01
2020-09-30
0001719489
us-gaap:SellingAndMarketingExpenseMember
us-gaap:RestrictedStockUnitsRSUMember
2021-07-01
2021-09-30
0001719489
us-gaap:SellingAndMarketingExpenseMember
us-gaap:RestrictedStockUnitsRSUMember
2020-07-01
2020-09-30
0001719489
us-gaap:SellingAndMarketingExpenseMember
us-gaap:RestrictedStockUnitsRSUMember
2021-01-01
2021-09-30
0001719489
us-gaap:SellingAndMarketingExpenseMember
us-gaap:RestrictedStockUnitsRSUMember
2020-01-01
2020-09-30
0001719489
us-gaap:GeneralAndAdministrativeExpenseMember
us-gaap:RestrictedStockUnitsRSUMember
2021-07-01
2021-09-30
0001719489
us-gaap:GeneralAndAdministrativeExpenseMember
us-gaap:RestrictedStockUnitsRSUMember
2020-07-01
2020-09-30
0001719489
us-gaap:GeneralAndAdministrativeExpenseMember
us-gaap:RestrictedStockUnitsRSUMember
2021-01-01
2021-09-30
0001719489
us-gaap:GeneralAndAdministrativeExpenseMember
us-gaap:RestrictedStockUnitsRSUMember
2020-01-01
2020-09-30
0001719489
us-gaap:RestrictedStockUnitsRSUMember
2020-07-01
2020-09-30
0001719489
us-gaap:RestrictedStockUnitsRSUMember
2020-01-01
2020-09-30
klr:TaxableYear
0001719489
2019-01-01
2019-12-31
0001719489
2018-01-01
2018-12-31
0001719489
klr:MGageEuropeLtdMember
2021-09-30
0001719489
klr:MGageEuropeLtdMember
2021-07-01
2021-09-30
0001719489
klr:BandyerMember
2021-09-30
0001719489
klr:SolutionsInfiniMember
2021-09-30
0001719489
us-gaap:WarrantMember
2021-09-30
0001719489
us-gaap:WarrantMember
2021-01-01
2021-09-30
0001719489
us-gaap:WarrantMember
2021-01-01
2021-03-31
0001719489
us-gaap:WarrantMember
2021-07-01
2021-09-30
0001719489
klr:EsseEffeAndMayaMember
2021-06-02
0001719489
klr:AccruedInterestMember
klr:EsseEffeAndMayaMember
2021-06-02
0001719489
klr:EsseEffeAndMayaMember
2021-09-30
0001719489
klr:EsseEffeAndMayaMember
2020-12-31
0001719489
klr:AccruedInterestMember
klr:EsseEffeAndMayaMember
2020-12-31
0001719489
klr:StudioLegaleChiomentiMember
klr:LegalServicesMember
2021-07-01
2021-09-30
0001719489
klr:StudioLegaleChiomentiMember
klr:LegalServicesMember
2021-01-01
2021-09-30
0001719489
klr:StudioLegaleChiomentiMember
klr:LegalServicesMember
2020-07-01
2020-09-30
0001719489
klr:StudioLegaleChiomentiMember
klr:LegalServicesMember
2020-01-01
2020-09-30
0001719489
klr:EmployeeMember
klr:KaleyraSPAMember
2021-07-01
2021-09-30
0001719489
klr:EmployeeMember
klr:KaleyraSPAMember
2021-01-01
2021-09-30
0001719489
klr:EmployeeMember
klr:KaleyraSPAMember
2020-07-01
2020-09-30
0001719489
klr:EmployeeMember
klr:KaleyraSPAMember
2020-01-01
2020-09-30
0001719489
klr:PietroCalogeroMember
klr:KaleyraSPAMember
2021-07-01
2021-09-30
0001719489
klr:PietroCalogeroMember
klr:KaleyraSPAMember
2021-01-01
2021-09-30
0001719489
klr:PietroCalogeroMember
klr:KaleyraSPAMember
2020-07-01
2020-09-30
0001719489
klr:PietroCalogeroMember
klr:KaleyraSPAMember
2020-01-01
2020-09-30
0001719489
klr:ModificationOf2018SolutionsInfiniPurchaseAgreementMember
klr:SolutionsInfiniMember
srt:ExecutiveOfficerMember
2020-03-31
0001719489
klr:ModificationOf2018SolutionsInfiniPurchaseAgreementMember
klr:SolutionsInfiniMember
srt:ExecutiveOfficerMember
2020-08-31
0001719489
klr:ModificationOf2018SolutionsInfiniPurchaseAgreementMember
klr:SolutionsInfiniMember
srt:ExecutiveOfficerMember
2020-11-30
0001719489
klr:ModificationOf2018SolutionsInfiniPurchaseAgreementMember
klr:SolutionsInfiniMember
srt:ExecutiveOfficerMember
2020-01-01
2020-03-31
0001719489
us-gaap:PreferredStockMember
klr:ModificationOf2018SolutionsInfiniPurchaseAgreementMember
klr:SolutionsInfiniMember
srt:ExecutiveOfficerMember
2021-02-03
0001719489
us-gaap:ResearchAndDevelopmentExpenseMember
2021-07-01
2021-09-30
0001719489
us-gaap:ResearchAndDevelopmentExpenseMember
2020-07-01
2020-09-30
0001719489
us-gaap:ResearchAndDevelopmentExpenseMember
2021-01-01
2021-09-30
0001719489
us-gaap:ResearchAndDevelopmentExpenseMember
2020-01-01
2020-09-30
0001719489
us-gaap:SellingAndMarketingExpenseMember
2021-07-01
2021-09-30
0001719489
us-gaap:SellingAndMarketingExpenseMember
2020-07-01
2020-09-30
0001719489
us-gaap:SellingAndMarketingExpenseMember
2021-01-01
2021-09-30
0001719489
us-gaap:SellingAndMarketingExpenseMember
2020-01-01
2020-09-30
0001719489
us-gaap:GeneralAndAdministrativeExpenseMember
2020-07-01
2020-09-30
0001719489
us-gaap:GeneralAndAdministrativeExpenseMember
2021-01-01
2021-09-30
0001719489
us-gaap:GeneralAndAdministrativeExpenseMember
2020-01-01
2020-09-30
0001719489
klr:FinancialIncomeExpenseNetMember
2020-07-01
2020-09-30
0001719489
klr:FinancialIncomeExpenseNetMember
2021-01-01
2021-09-30
0001719489
klr:FinancialIncomeExpenseNetMember
2020-01-01
2020-09-30
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
☒ |
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the quarterly period ended September 30, 2021
☐ |
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from __________ to __________
Commission File Number: 001-38320
KALEYRA, INC.
(Exact name of registrant as specified in its charter)
Delaware |
|
82-3027430 |
(State or other jurisdiction of incorporation or organization) |
|
(I.R.S. Employer Identification Number) |
Via Marco D’Aviano, 2, Milano MI, Italy |
|
20131 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including area code: +39 02 288 5841
(Former name or former address, if changed since last report): N/A
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by checkmark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files) Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.:
Large accelerated filer |
☐ |
|
|
Accelerated filer |
☒ |
Non-accelerated filer |
☐ |
|
|
Smaller reporting company |
☒ |
|
|
|
|
Emerging growth company |
☒ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading Symbols |
|
Name of each exchange on which registered |
Common Stock, par value $0.0001 per share |
|
KLR |
|
New York Stock Exchange |
Warrants, at an exercise price of $11.50 per share of Common Stock |
|
KLR WS |
|
NYSE American LLC |
As of November 3, 2021, there were 41,682,771 shares of the Company’s common stock issued and outstanding.
KALEYRA, INC.
Quarterly Report on Form 10-Q
Table of Contents
Item 1 – Financial Statements
KALEYRA, INC.
Condensed Consolidated Balance Sheets
(Unaudited, in thousands, except share and per share data)
|
|
September 30, 2021 |
|
|
December 31, 2020 (1) |
|
ASSETS |
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
70,303 |
|
|
$ |
32,970 |
|
Restricted cash |
|
|
1,738 |
|
|
|
— |
|
Short-term investments |
|
|
36,447 |
|
|
|
4,843 |
|
Trade receivables, net |
|
|
82,749 |
|
|
|
43,651 |
|
Prepaid expenses |
|
|
3,444 |
|
|
|
1,447 |
|
Deferred costs |
|
|
330 |
|
|
|
— |
|
Other current assets |
|
|
4,408 |
|
|
|
2,134 |
|
Total current assets |
|
|
199,419 |
|
|
|
85,045 |
|
Property and equipment, net |
|
|
17,203 |
|
|
|
6,726 |
|
Intangible assets, net |
|
|
130,085 |
|
|
|
7,574 |
|
Goodwill |
|
|
110,657 |
|
|
|
16,657 |
|
Deferred tax assets |
|
|
— |
|
|
|
703 |
|
Other long-term assets |
|
|
395 |
|
|
|
1,797 |
|
Total Assets |
|
$ |
457,759 |
|
|
$ |
118,502 |
|
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) |
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
74,692 |
|
|
$ |
51,768 |
|
Debt for forward share purchase agreements |
|
|
— |
|
|
|
483 |
|
Notes payable due to related parties |
|
|
— |
|
|
|
7,500 |
|
Lines of credit |
|
|
5,464 |
|
|
|
5,273 |
|
Current portion of bank and other borrowings |
|
|
10,455 |
|
|
|
10,798 |
|
Deferred revenue |
|
|
11,055 |
|
|
|
3,666 |
|
Payroll and payroll related accrued liabilities |
|
|
5,450 |
|
|
|
3,292 |
|
Other current liabilities |
|
|
8,879 |
|
|
|
5,988 |
|
Total current liabilities |
|
|
115,995 |
|
|
|
88,768 |
|
Long-term portion of bank and other borrowings |
|
|
26,574 |
|
|
|
31,974 |
|
Long-term portion of notes payable |
|
|
189,647 |
|
|
|
2,700 |
|
Long-term portion of employee benefit obligation |
|
|
2,158 |
|
|
|
1,886 |
|
Deferred tax liability |
|
|
2,402 |
|
|
|
— |
|
Other long-term liabilities |
|
|
2,004 |
|
|
|
603 |
|
Total Liabilities |
|
|
338,780 |
|
|
|
125,931 |
|
Commitments and contingencies (Note 15) |
|
|
|
|
|
|
|
|
Stockholders’ equity (deficit): |
|
|
|
|
|
|
|
|
Preferred stock, par value of $0.0001 per share; 1,000,000 shares authorized; no shares issued or outstanding |
|
|
— |
|
|
|
— |
|
Common stock, par value of $0.0001 per share; 100,000,000 shares authorized as of September 30, 2021 and December 31, 2020; 44,480,829 shares issued and 41,682,771 shares outstanding as of September 30, 2021 and 33,086,745 shares issued and 30,288,687 shares outstanding as of December 31, 2020 |
|
|
4 |
|
|
|
3 |
|
Additional paid-in capital |
|
|
246,205 |
|
|
|
93,628 |
|
Treasury stock, at cost; 2,798,058 shares as of September 30, 2021 and December 31, 2020 |
|
|
(30,431 |
) |
|
|
(30,431 |
) |
Accumulated other comprehensive loss |
|
|
(2,292 |
) |
|
|
(2,826 |
) |
Accumulated deficit |
|
|
(94,507 |
) |
|
|
(67,803 |
) |
Total stockholders’ equity (deficit) |
|
|
118,979 |
|
|
|
(7,429 |
) |
Total liabilities and stockholders’ equity (deficit) |
|
$ |
457,759 |
|
|
$ |
118,502 |
|
__________________
|
(1) |
The condensed consolidated balance sheet as of December 31, 2020 has been derived from the audited consolidated financial statements as of that date. |
The accompanying notes are an integral part of these condensed consolidated financial statements.
1
KALEYRA, INC.
Condensed Consolidated Statements of Operations
(Unaudited, in thousands, except share and per share data)
|
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
|
|
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
Revenue |
|
$ |
84,025 |
|
|
$ |
38,268 |
|
|
$ |
177,731 |
|
|
$ |
103,100 |
|
Cost of revenue |
|
|
64,414 |
|
|
|
30,763 |
|
|
|
141,333 |
|
|
|
86,511 |
|
Gross profit |
|
|
19,611 |
|
|
|
7,505 |
|
|
|
36,398 |
|
|
|
16,589 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development |
|
|
7,163 |
|
|
|
2,259 |
|
|
|
14,313 |
|
|
|
7,415 |
|
Sales and marketing |
|
|
7,272 |
|
|
|
3,423 |
|
|
|
14,791 |
|
|
|
10,155 |
|
General and administrative |
|
|
12,631 |
|
|
|
6,441 |
|
|
|
35,597 |
|
|
|
20,737 |
|
Total operating expenses |
|
|
27,066 |
|
|
|
12,123 |
|
|
|
64,701 |
|
|
|
38,307 |
|
Loss from operations |
|
|
(7,455 |
) |
|
|
(4,618 |
) |
|
|
(28,303 |
) |
|
|
(21,718 |
) |
Other income, net |
|
|
66 |
|
|
|
38 |
|
|
|
158 |
|
|
|
91 |
|
Financial expense, net |
|
|
(3,542 |
) |
|
|
(468 |
) |
|
|
(5,169 |
) |
|
|
(1,027 |
) |
Foreign currency income (loss) |
|
|
(162 |
) |
|
|
(548 |
) |
|
|
2 |
|
|
|
(795 |
) |
Loss before income tax expense (benefit) |
|
|
(11,093 |
) |
|
|
(5,596 |
) |
|
|
(33,312 |
) |
|
|
(23,449 |
) |
Income tax expense (benefit) |
|
|
766 |
|
|
|
(263 |
) |
|
|
(6,608 |
) |
|
|
(1,165 |
) |
Net loss |
|
$ |
(11,859 |
) |
|
$ |
(5,333 |
) |
|
$ |
(26,704 |
) |
|
$ |
(22,284 |
) |
Net loss per common share, basic and diluted |
|
$ |
(0.29 |
) |
|
$ |
(0.19 |
) |
|
$ |
(0.75 |
) |
|
$ |
(0.97 |
) |
Weighted-average shares used in computing net loss per common share, basic and diluted |
|
|
41,554,876 |
|
|
|
28,330,869 |
|
|
|
35,404,231 |
|
|
|
22,972,425 |
|
The accompanying notes are an integral part of these condensed consolidated financial statements.
2
KALEYRA, INC.
Condensed Consolidated Statements of Comprehensive Loss
(Unaudited, in thousands)
|
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
|
|
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
Net loss |
|
$ |
(11,859 |
) |
|
$ |
(5,333 |
) |
|
$ |
(26,704 |
) |
|
$ |
(22,284 |
) |
Other comprehensive income (loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation adjustments |
|
|
16 |
|
|
|
(619 |
) |
|
|
519 |
|
|
|
(1,812 |
) |
Net change in unrealized gain on marketable securities, net of tax |
|
|
(4 |
) |
|
|
1 |
|
|
|
15 |
|
|
|
5 |
|
Total other comprehensive income (loss) |
|
|
12 |
|
|
|
(618 |
) |
|
|
534 |
|
|
|
(1,807 |
) |
Total comprehensive loss |
|
$ |
(11,847 |
) |
|
$ |
(5,951 |
) |
|
$ |
(26,170 |
) |
|
$ |
(24,091 |
) |
The accompanying notes are an integral part of these condensed consolidated financial statements.
3
KALEYRA, INC.
Condensed Consolidated Statements of Stockholders’ Equity (Deficit)
(Unaudited, in thousands, except share data)
|
|
Three Months Ended September 30, 2021 |
|
|
|
Common Stock |
|
|
Additional
Paid-in |
|
|
Treasury Stock |
|
|
Accumulated
Other
Comprehensive |
|
|
Accumulated |
|
|
Total
Stockholders'
Equity |
|
|
|
Shares |
|
|
Amount |
|
|
Capital |
|
|
Shares |
|
|
Amount |
|
|
Income (Loss) |
|
|
Deficit |
|
|
(Deficit) |
|
Balance as of June 30, 2021 |
|
|
41,307,336 |
|
|
$ |
4 |
|
|
$ |
245,452 |
|
|
|
2,798,058 |
|
|
$ |
(30,431 |
) |
|
$ |
(2,304 |
) |
|
$ |
(82,648 |
) |
|
$ |
130,073 |
|
Stock-based compensation (RSUs) |
|
|
375,435 |
|
|
|
— |
|
|
|
6,227 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
6,227 |
|
Warrants repurchase (1) |
|
|
— |
|
|
|
— |
|
|
|
(5,474 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(5,474 |
) |
Net loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(11,859 |
) |
|
|
(11,859 |
) |
Other comprehensive income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
|
|
— |
|
|
|
12 |
|
|
|
— |
|
|
|
12 |
|
Balance as of September 30, 2021 |
|
|
41,682,771 |
|
|
$ |
4 |
|
|
$ |
246,205 |
|
|
|
2,798,058 |
|
|
$ |
(30,431 |
) |
|
$ |
(2,292 |
) |
|
$ |
(94,507 |
) |
|
$ |
118,979 |
|
|
|
Three Months Ended September 30, 2020 |
|
|
|
Common Stock |
|
|
Additional
Paid-in |
|
|
Treasury Stock |
|
|
Accumulated
Other
Comprehensive |
|
|
Accumulated |
|
|
Total
Stockholders'
Equity |
|
|
|
Shares |
|
|
Amount |
|
|
Capital |
|
|
Shares |
|
|
Amount |
|
|
Income (Loss) |
|
|
Deficit |
|
|
(Deficit) |
|
Balance as of June 30, 2020 |
|
|
27,999,713 |
|
|
$ |
3 |
|
|
$ |
74,284 |
|
|
|
2,258,510 |
|
|
$ |
(24,218 |
) |
|
$ |
(1,115 |
) |
|
$ |
(57,944 |
) |
|
$ |
(8,990 |
) |
Common stock repurchased in connection with forward share purchase agreements |
|
|
(539,548 |
) |
|
|
— |
|
|
|
6,213 |
|
|
|
539,548 |
|
|
|
(6,213 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Stock-based compensation (RSUs) |
|
|
30,000 |
|
|
|
— |
|
|
|
4,922 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4,922 |
|
Proceeds from issuance of common stock in public offering, net of issuance costs |
|
|
984,916 |
|
|
|
— |
|
|
|
4,155 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4,155 |
|
Net loss |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(5,333 |
) |
|
|
(5,333 |
) |
Other comprehensive loss |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(618 |
) |
|
|
— |
|
|
|
(618 |
) |
Balance as of September 30, 2020 |
|
|
28,475,081 |
|
|
$ |
3 |
|
|
$ |
89,574 |
|
|
|
2,798,058 |
|
|
$ |
(30,431 |
) |
|
$ |
(1,733 |
) |
|
$ |
(63,277 |
) |
|
$ |
(5,864 |
) |
4
|
|
Nine Months Ended September 30, 2021 |
|
|
|
Common Stock |
|
|
Additional
Paid-in |
|
|
Treasury Stock |
|
|
Accumulated
Other
Comprehensive |
|
|
Accumulated |
|
|
Total
Stockholders'
Equity |
|
|
|
Shares |
|
|
Amount |
|
|
Capital |
|
|
Shares |
|
|
Amount |
|
|
Income (Loss) |
|
|
Deficit |
|
|
(Deficit) |
|
Balance as of December 31, 2020 |
|
|
30,288,687 |
|
|
$ |
3 |
|
|
$ |
93,628 |
|
|
|
2,798,058 |
|
|
$ |
(30,431 |
) |
|
$ |
(2,826 |
) |
|
$ |
(67,803 |
) |
|
$ |
(7,429 |
) |
Conversion of Cowen Note |
|
|
303,171 |
|
|
|
— |
|
|
|
2,295 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,295 |
|
Forfeiture of 2020 Sponsors' Earnout Shares (3) |
|
|
(469,343 |
) |
|
|
— |
|
|
|
1,244 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,244 |
|
Forward share purchase agreement transactions |
|
|
— |
|
|
|
— |
|
|
|
17,528 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|