Brief: Kalray FY Net Loss Widens To EUR 8.5 Million

Kalray SA

08/04/2019 16:43

April 8 (Reuters) - Kalray SA  ALKAL.PA :
    * 2018 ANNUAL RESULTS AND OUTLOOK FOR 2019
    * SALES RAMP UP CONFIRMED IN 2019
    * RELEASE OF 3(RD) GENERATION MPPA PROCESSOR "COOLIDGE" SCHEDULED FOR 2019,
FOR
ARTIFICIAL INTELLIGENCE APPLICATIONS
    * AT DECEMBER 31, 2018 AVAILABLE CASH AMOUNTED TO EUR28.8 MILLION (COMPARED
TO
EUR32.2 MILLION AT JUNE 30, 2018)
    * FY NET LOSS EUR 8.5 MILLION VERSUS EUR LOSS EUR 6.8
    * FY EBITDA LOSS EUR 4.3 MILLION VERSUS LOSS OF EUR 2.3 MILLION YEAR AGO
    * TWO ONGOING PROJECTS ARE ALREADY AT A VERY ADVANCED STAGE AND ENABLE US TO
TARGET FIRST REVENUES BY END OF 2019 
    * FY REVENUE EUR 0.8 MILLION VERSUS EUR 0.9 MILLION YEAR AGO
    * ALL OTHER OPERATING EXPENSES IN 2019 ARE EXPECTED TO BE ON A PAR WITH
THOSE OF
2018
    * RELEASE OF THE 3RD GENERATION MPPA PROCESSOR “COOLIDGE” SCHEDULED FOR 2019

Source text for Eikon:  ID:nACT57825 
Further company coverage:  ALKAL.PA 

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