Kalray : Change in strategy in the face of liquidity risk
>Disappointing results: profitability undershot expectations - Kalray yesterday evening reported its H1 2024 results. H1 2024 sales totalled € 10.9m, down 29% y-o-y. Despite the improvement in the gross margin to 45% (vs 38% in 2023), EBITDA fell to -€ 5.3m (vs € 0.0m at end-June 2023), below our expectations. This is mainly due to the drop in sales, the increase in personnel costs (linked notably to recruitment in the US, which had not yet been booked in June 2023) ...Kalray SA is a France-based semiconductor and software company that develops and sells manycore processors. Its products include the Multi-Purpose Processor Array (MPPA) processor architecture (a family of programmable silicon devices), a software development kit, development platform and reference board. The Company provides manycore processors for low to medium volume embedded and acceleration applications. The Company's technology is the combination of the MPPA processor architecture and a software parallel programming solution MPPA ACCESSORE. Its products target the embedded computing market, including the imaging, medical and industrial sectors, telecommunication infrastructures, data security and network appliances, and transport and industrial automation.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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