Brief: Kalray FY EBITDA Loss Widens To 5.9 Million Euros

Kalray SA

20/04/2021 17:55

April 20 (Reuters) - Kalray SA  ALKAL.PA :
    * CONFIRMATION OF THE OBJECTIVE OF INCREASING TURNOVER IN
2021,
WITH THE AMBITION TO ACHIEVE € 100 MILLION IN 2023
    * 2020 ANNUAL EBITDA IS DOWN -5%, AT -5,862 K €
    * ANNUAL FREE CASH FLOW IS, AS EXPECTED, SLIGHTLY HIGHER
THAN THAT
OF 2019, AT -15,054 K€ AGAINST -14,187 K€ IN 2019
    * AT DECEMBER 31, 2020, KALRAY'S AVAILABLE CASH THUS STOOD
AT
20,238 K€, COMPARED TO 15,725 K€ AT DECEMBER 31, 2019
    * KALRAY CONSIDERS IT CAN COVER ITS FINANCIAL NEEDS UNTIL
OPERATIONAL BREAKEVEN IS ACHIEVED
    * IN 2021, KALRAY ANTICIPATES A FURTHER INCREASE OF AROUND
20% OF
ITS OPERATING EXPENSES
    * SALES OF DEVELOPMENT BOARDS AND STATIONS, AS WELL AS
RELATED
LICENSES AND SERVICES, GENERATED 1,033 K€ IN REVENUE IN 2020, A
LEVEL COMPARABLE TO THAT OF 2019 (1,265 K€)
    * NET RESULT IS -11,818 K € IN 2020 AGAINST -9,085 K € IN
2019, IN
LINE WITH THE TRENDS ANNOUNCED

Source text for Eikon:  ID:nNDL878TN5 
Further company coverage:  ALKAL.PA 

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