Brief: Kalray Reports FY EBITDA Loss Of EUR 5.8 Million

Kalray SA

28/03/2022 17:16

March 28 (Reuters) - Kalray SA  ALKAL.PA :
    * ANNUAL RESULTS 2021: GROWTH IN OPEX LOWER THAN FORECAST
THANKS
TO GOOD COST CONTROL - STABLE EBITDA
    * AS OF DECEMBER 31, 2021, KALRAY'S AVAILABLE CASH AMOUNTED
TO
12,222 K EUR, COMPARED TO 20,238 KEUR AS OF DECEMBER 31, 2020
    * FY TOTAL OPERATING REVENUES REACHED 12,336 K EUR, UP
+15.0%
YEAR-ON-YEAR
    * EBITDA WAS STABLE AT -5 771 K EUR AT DECEMBER 31, 2021,
COMPARED
WITH -5 862 K EUR AT DECEMBER 31, 2020
    * END-DEC FINANCIAL DEBTS AMOUNTED TO 11,612 K EUR
    * 2022 FISCAL YEAR SHOULD THUS MARK A CHANGE IN DIMENSION TO
REACH
AMBITION OF ANNUAL REVENUES OF EUR 100 MILLION IN 2023
    * FOR 2022, KALRAY ANTICIPATES A CUMULATIVE REVENUE OF € 20
MILLION
    * KALRAY'S MANAGEMENT DOES NOT ANTICIPATE ANY IMPACT OF THE
CURRENT CRISIS IN UKRAINE ON THE COMPANY'S TURNOVER IN 2022
    * CURRENT EXPENSES ARE WELL UNDER CONTROL, INCREASING
SLIGHTLY BY
7.8% TO 17,585 KEUR AT DECEMBER 31, 2021, COMPARED TO 16,311 K
EUR AT DECEMBER 31, 2020
    * 20 MILLION IN CUMULATIVE REVENUES AND STABLE EBITDA IN
2022
    * AMBITION OF ANNUAL REVENUES OF EUR 100 MILLION IN 2023
    * THE NET RESULT IS -15,115 K€ AT DECEMBER 31, 2021 VERSUS
-11,818
K€  AT DECEMBER 31, 2020
    * HAS SIGNED A  MEMORANDUM OF UNDERSTANDING FOR THE ISSUANCE
OF
CONVERTIBLE BONDS FOR AN AMOUNT OF EUR 10 MILLION

Source text for Eikon:  ID:nACT73720 
Further company coverage:  ALKAL.PA 

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