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Kalray SA ( (FR:ALKAL) ) has provided an update.
Kalray has reported 2024 revenues of €24.8 million, a slight decrease from the previous year, while its EBITDA is expected to decline to approximately -€8 million. The company has sold its ‘Data Acceleration Platform’ unit to DataCore Software for up to $20 million, which includes an initial payment of $12.5 million. This strategic divestment is part of Kalray’s efforts to overcome financial constraints and explore opportunities to maximize the value of its semiconductor business in a challenging economic environment.
More about Kalray SA
Kalray is a leader in hardware and software technologies focused on the management and intensive processing of data from the Cloud to the Edge. The company operates in the storage and AI sectors, providing solutions that cater to the needs of these industries.
YTD Price Performance: -28.77%
Average Trading Volume: 2,124
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €7.23M
Find detailed analytics on ALKAL stock on TipRanks’ Stock Analysis page.