KALRAY: 2020 RESULTS IN LINE WITH PREVIOUSLY ANNOUNCED GUIDANCE AND CONFIRMATION OF 2021 OUTLOOK
Higher net cash, thanks to new financing, to cover company needs until operational breakeven point is reached;
Business development activities in line with the strategic plan for priority markets (Data Center and Automotive) and many additional opportunities under discussion on Edge Computing to position Kalray as the future European champion of intelligent processors;
Implementation of industrial operations, in order to engage volume production of Coolidge and Kalray accelerator cards in 2021;
Confirmation of higher net sales objective in 2021, with the ambition to reach € 100 million in 2023.
Grenoble - France, April 20, 2021 - Kalray (Euronext Growth Paris: ALKAL), a leading provider in new generation of processors specialized in Intelligent Data Processing from Cloud to Edge, communicates its annual results for 2020 and confirms short & mid-term objectives for the company.