(AOF) – Kalray widened its losses in 2021; the net loss increasing from 11.818 million euros in 2020 to 15.115 million euros in 2021. Ebitda stood at -5.771 million euros as of December 31, 2021 compared to -5.862 million euros as of December 31, 2021. 2020. The manufacturer of processors, specializing in intelligent data processing, achieved a turnover of 1.454 million euros, up 40.7%.
To supplement its financial resources and cover its needs beyond 12 months, Kalray has signed a memorandum of understanding relating to the issue of convertible bonds for an amount of 10 million euros. The issue should be finalized soon and will be the subject of a press release.
For 2022, Kalray anticipates cumulative revenue of €20 million and stable EBITDA after taking into account the accretive effect of Arcapix offsetting continued investment in the offer.
At this stage, Kalray’s management does not anticipate any impact of the current crisis in Ukraine on the company’s turnover in 2022.
The 2022 financial year must therefore mark a change in dimension to move towards the ambition of annual turnover of 100 million euros in 2023.
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Professional electronics: market under pressure
According to the WSTS (World Semiconductor Trade Statistics), the global semiconductor market is even expected to grow by 8.4% in 2021 for a market under extreme tension.
Excellent prospects
While demand is growing faster than global growth, supply is very limited. Three players dominate the sector (the Taiwanese TSMC, the American Intel and the Korean Samsung) whereas there were more than twenty in 2002. Analysts predict that there will be only two from 2023. The United States represent only 12% of world production according to the Semiconductor Industry Association. As for Europe, it weighs only 7%. It aims to produce 20% of semiconductors in the world by 2030. Sixteen countries, including France and Germany, will unite to develop production capacities.
TSMC (the Taiwan Semiconductor Manufacturing Company) is very well positioned to take advantage of the arrival of 5G and connected objects. “Founder”, it does not sell any chip under its brand, but produces the components on behalf of other players.