Kalray: Financial results and outlook for 2025

Kalray reported revenue of €24.8 million in 2024, slightly down from 2023. EBITDA is expected at -€8 million. The company completed the sale of its Data Acceleration Platform business to DataCore Software for up to $20 million, including an upfront payment of $12.5 million. This sale helps extend the liquidity horizon, although it remains constrained until March 2025.

Kalray continues to explore partnerships to enhance its semiconductor business, including through a mandate given to Woodside Capital Partners. Two options are being considered: selling the business to a strategic player or developing hardware acceleration solutions for third parties.