Kalray Anticipates Growth with Major Contract

Kalray SA (FR:ALKAL) has released an update.

Kalray SA reported a steady H1 2024 revenue of €10.9 million, consistent with its prior figures and expectations, and anticipates substantial revenue growth in H2. The company confirmed the final volume production phase of its significant ‘Jumbo’ contract, which is expected to contribute €100 million over the next five years. Additionally, Kalray is poised to enhance its financial structure through non-dilutive bank financing and an equity line, while also nearing an agreement to become a global leader in Data Processing Unit (DPU) solutions for AI and GenAI data acceleration.

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