2018 annual results and outlook for 2019

2018 annual results and outlook for 2019
EN
2018 ANNUAL RESULTS AND OUTLOOK FOR 2019 Download
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RÉSULTATS ANNUELS 2018 ET PERSPECTIVES 2019 Download
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  • A number of strategic agreements and significant commercial advances in the two targeted
    markets: intelligent data centers and intelligent vehicles;
  • Tight budget control in 2018 and available cash of €28.8 million;
  • Continuation of the recruitment drive initiated in 2018;
  • Release of the 3rd generation MPPA® processor “Coolidge” scheduled for 2019, for artificial
    intelligence applications;
  • Sales ramp up confirmed in 2019.

Grenoble, April 8, 2019 – Kalray (Euronext Growth Paris: ALKAL), a pioneer in processors for new intelligent systems, publishes its consolidated financial statements for FY 2018, approved by the Executive Board and reviewed by the Supervisory Board on April 4, 2019. The Group consolidated financial statements have been audited. The subsequent audit report will be issued after completion of all procedures for publication of the annual financial report.

Eric Baissus, President of Kalray’s Executive Board, commented as follows:

“The significant milestones achieved since the resounding success of our IPO, which raised €47.7 million, and our many ongoing projects reaffirm our objective to kick-start Kalray’s sales ramp up in 2019. 2019 will also be marked by the release of Coolidge, our 3rd generation MPPA® processor, which offers us tremendous opportunities for the future.

The very high degree of market interest in intelligent systems and our technologies is growing, particularly in the automotive sector, as attested by our strategic alliances with NXP, Renault, Baidu and Autoware. This means that we now rank as a key player in this industry.

Finally, the recent market concentration and discussions with our partners demonstrate how crucial acceleration and artificial intelligence technologies are for the future and reinforce the importance of Kalray’s positioning and the market value of our technology.”