Brief: Kalray Revises FY 2023 Outlook, Now Aims To At Least Double Its Sales Compared To 2022

Kalray SA

21/09/2022 17:03

Sept 21 (Reuters) - Kalray SA  ALKAL.PA :
    * CONFIRMATION OF 2022 FINANCIAL GUIDELINES (EUR20 MILLION
IN
COMBINED REVENUE AND IMPROVED COMBINED EBITDA) AND REVISION OF
2023 OBJECTIVES
    * H1 CONSOLIDATED REVENUE OF EUR 4,768K, INCREASE (+1049%)
COMPARED TO H1 2021 (EUR415K)
    * AVAILABLE CASH: EUR 11.1 MILLION AT END OF JUNE 2022
    * END-H1 GROSS FINANCIAL DEBTS AMOUNT TO 15,803 KEUR
    * H1 NET SALES EUR 4.8 MILLION VERSUS EUR 0.4 MILLION YEAR
AGO
    * STILL FORECASTING VERY STRONG SALES GROWTH IN 2023 DESPITE
CURRENT DIFFICULT ENVIRONMENT
    * FOR REASONS OF PRUDENCE, COMPANY PREFERS TO REVISE ITS
PREVIOUS
TARGET OF EUR100 MILLION IN 2023
    * AIMING TO AT LEAST DOUBLE ITS SALES NEXT YEAR, COMPARED TO
2022
    * H1 NET LOSS EUR 7.5 MILLION VERSUS LOSS EUR 7.6 MILLION
YEAR AGO
    * END-JUNE EBITDA LOSS EUR 2.0 MILLION VERSUS LOSS EUR 3.4
MILLION
YEAR AGO
    * IS CURRENTLY IN FINAL STAGES OF NEGOTIATIONS WITH A MAJOR
INTERNATIONAL OEM FOR A FRAMEWORK DEVELOPMENT CONTRACT FOR USE
OF ITS ACCELERATION CARDS

Source text for Eikon:  ID:nACT76301 
Further company coverage:  ALKAL.PA 

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