Brief: Kalray H1 EBITDA Loss Widens To 2.65 Million Euros

Kalray SA

23/10/2019 17:34

Oct 23 (Reuters) - Kalray SA  ALKAL.PA :
    * COMPARED TO FIRST HALF, BUSINESS IS EXPECTED TO PICK UP IN
SECOND HALF OF 2019
    * FULL-YEAR OPERATING EXPENSES ARE EXPECTED TO INCREASE BY
AROUND
25% VERSUS 2018
    * 2019 FREE CASH FLOW WILL BE CLOSE TO 2018 FIGURE
    * 2020 FREE CASH FLOW SHOULD BE HIGHER THAN IN 2019
    * KALRAY IS MAINTAINING 2022 REVENUE TARGET OF EUR100
MILLION
ANNOUNCED AT TIME OF ITS IPO
    * EBITDA SHOULD APPROACH BREAKEVEN DURING LAST FEW MONTHS OF
2020
    * IN 2020 SEES SALES RAMP-UP AND LEVELING OF OPERATING
EXPENSES
COMPARED TO END OF 2019
    * H1 EBITDA LOSS OF €2,652,000 (COMPARED TO A €2,053,000
LOSS IN
H1 2018)
    * MASS SALE OF COOLIDGE-BASED ACCELERATION BOARDS REMAINS
KALRAY'S
MAIN TARGET FOR 2020
    * CASH AND CASH EQUIVALENTS OF €23.3 MILLION THANKS TO TIGHT
BUDGET CONTROL DURING H1
    * H1 REVENUES AMOUNTED TO €455,000 (COMPARED TO €322,000 IN
H1
2018)
    * H1 ADJUSTED OPERATING LOSS €4,305,000, A €1,527,000
INCREASE ON
THE H1 2018 LOSS

Source text for Eikon:  ID:nACT60683 
See also:  urn:newsml:reuters.com:*:nFWN27815R
Further company coverage:  ALKAL.PA 

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