Kalray : Guidance cut for 2023 but confidence reaffirmed for medium and long term
>2023 guidance downgraded due to longer-than-expected sales cycles - We organised an in-person roadshow yesterday in Paris with CEO Eric Baissus and CFO Denis Scherer. The roadshow, which followed the release of Kalray’s H1 2023 results, was an opportunity for management to explain its strategy and to provide an update on its downgraded 2023 guidance. The focus of the day was the 25% cut to the 2023 sales guidance, which is now € 30m vs € 40m previously. In the wake o...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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