Brief: Kalray Sees Significant Turnover Increase From 2021

Kalray SA

09/07/2020 17:21

July 9 (Reuters) - Kalray SA  ALKAL.PA :
    * H1 2020 ACTIVITY: DEPLOYMENT OF COOLIDGE AS PER OBJECTIVES
    * NET CASH AVAILABLE OF EUR 19 MILLION AT END OF JUNE 2020
    * CONFIRMATION OF CONTROLLED IMPACT OF COVID-19 ON ACTIVITY
OF
SEMESTER AS WELL AS ON COMPANY'S NEW OBJECTIVES
    * IN H1 2020, KALRAY GENERATED EUR 489K IN NET SALES
(COMPARED TO
EUR 455K IN H1 2019)
    * AMBITION TO REACH BREAK-EVEN IN MONTHLY EBITDA MID-2021
AND
ANNUAL TURNOVER OF EUR 100 MILLION BETWEEN MID-2022 AND MID-2023
    * DUE TO DELAYS, ANTICIPATES TURNOVER COMPARABLE TO 2019 IN
2020
AND SIGNIFICANT INCREASE EXPECTED FROM 2021 WITH VOLUME SALES OF
COOLIDGE™ BASED PRODUCTS

Source text for Eikon:  ID:nACT64238 
Further company coverage:  ALKAL.PA 

 (Gdansk Newsroom)
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