Kaleyra, Inc. Annual report pursuant to Section 13 and 15(d)

Financial Expense, Net

12 Months Ended

Dec. 31, 2019

19. FINANCIAL EXPENSE, NET

Financial expense, net for the years ended December 31, 2019 and 2018, consisted of the following (in thousands):

	Year Ended December 31,
	2019			2018
Financial Income:
Interest income	$	160		$	31
Gain on derivatives		414			134
Dividends on marketable securities		97			4
Total Financial Income		671			169
Financial Expense:
Interest expense		(1,073	)		(585	)
Loss on derivatives		(37	)		—
Total Financial Expense		(1,110	)		(585	)
Financial expense, net	$	(439	)	$	(416	)