Kalray SA (FR:ALKAL) has released an update.
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Kalray SA reports a first-half 2024 revenue of €10,933K, a decrease from the previous year, attributed to extended business cycles and component supply issues. The company is implementing a significant cost reduction plan and restructuring its DPU segment to target profitability by the end of 2025. Despite current investments in the next-generation DolomitesTM processor impacting cash flow, Kalray remains optimistic about the growing demand for data processing acceleration and AI solutions.
For further insights into FR:ALKAL stock, check out TipRanks’ Stock Analysis page.
