Brief: Kalray Forecasts Notable Growth in Revenue

Kalray SA

22/01/2019 17:10

Jan 22 (Reuters) - KALRAY SA  ALKAL.PA :
    * ROUNDUP ON A 2018 FISCAL YEAR IN LINE WITH FORECASTS, AND
A
POSITIVE OUTLOOK FOR 2019
    * CONFIRMS TARGETS TO RAMP UP SALES IN 2019, ACHIEVE
OPERATIONAL
BALANCE BY 2020 AND POST EUR 100 MILLION IN REVENUE BY 2022
    * H2 REVENUE CAME TO €453,000 (COMPARED TO €322,000 IN H1)
    * THIS AMOUNT BROUGHT 2018 REVENUE TO EUR775K, SLIGHTLY DOWN
FROM
2017 FISCAL YEAR (EUR875K)
    * DECEMBER 31, 2018 AVAILABLE CASH AMOUNTED TO €28.8 MILLION
(COMPARED TO €32.2 MILLION AT JUNE 30, 2018)
    * PLANNING TO CONTINUE ITS INVESTMENT DRIVE, PARTICULARLY
THROUGH
SEVERAL ADDITIONAL RECRUITMENTS DURING THE CURRENT FISCAL YEAR
    * FOR FY 2019, KALRAY FORECASTS NOTABLE GROWTH IN ITS
REVENUE

Source text for Eikon:  urn:newsml:reuters.com:*:nACT56790
Further company coverage:  ALKAL.PA 

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