Brief: Kalray Confirms EUR 100 Million Revenue Target By 2022

Kalray SA

22/01/2020 17:15

Jan 22 (Reuters) - Kalray SA  ALKAL.PA :
    * STRONG REVENUE GROWTH IN 2019 AND PROMISING OUTLOOK
    * H2 2020 MASS PRODUCTION LAUNCH CONFIRMED
    * EUR 100 MILLION REVENUE TARGET BY 2022 CONFIRMED.
    * EUR 15.7 MILLION CASH POSITION AT 2019 YEAR-END
    * H2 2019 REVENUES OF EUR 810,000, UP 78% FROM EUR 455,000
IN H1
2019, IN LINE WITH MANAGEMENT FORECASTS.
    * SALES RAMP-UP EXPECTED FROM H2 2020
    * CASH POSITION WILL ALLOW KALRAY TO PURSUE ITS TECH ROADMAP
AND
SALES ROLL-OUT PROGRAM IN 2020 AND THEREAFTER.

Source text for Eikon:  ID:nBw9HC3Sfa 
Further company coverage:  ALKAL.PA 

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