(Boursier.com) — Kalray specialist in hardware and software technologies dedicated to the management and intensive processing of data, achieved only 25.8 ME in turnover in 2023. This figure shows growth of +57% compared to 2022 but stands out significantly lower than the recently lowered forecast to around 30 ME.
Kalray explains that the turnover target of 30 ME set last September could not be achieved, mainly taking into account the delay of a large order (around 3 ME) in the media and entertainment sector. . “This sector was largely disrupted throughout the year by long negotiations between actors and studios slowing down investment decisions in this industry,” adds the company.
This major order, initially scheduled for the end of 2023, is expected in January. As a result, the initial target of breakeven EBITDA in 2023 could not be achieved. Kalray now expects a large improvement in its EBITDA, the loss of which should be halved in 2023 (last year, 2022 EBITDA was -2.7 ME).
Kalray expects 2024 growth similar to 2023 and intends to push two new products onto the market:
– The new fast storage solution based on its DPU (Data Processing Unit) processor, the NG-Box, integrated into the Dell PowerEdge R750 rack server, dedicated to intensive storage in particular for AI and the intensive data processing market.
– The new TC4 card, integrating 4 of the latest generation processors (CoolidgeTM2), an alternative to the GPU card on the market, validated as part of the “jumbo contract” and whose availability will expand to other customers during the first semester 2024.
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