Kalray SA (ALKAL) AI Stock Analysis

• Market Cap: €9.42M
• Dividend Yield: N/A
• Average Volume (3M): 87.75K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.29
• Revenue Growth: -3.78%
• EPS Growth: N/A
• Country: FR
• Employees: 221
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): N/A
• Shares Outstanding: 12,962,682
• 10 Day Avg. Volume: 179,942
• 30 Day Avg. Volume: 87,750
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €0.50
• Price Target Upside: -31.51% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 51 Neutral
• Price Target: €0.50 ▼(-31.51% Downside)

Kalray SA's overall stock score is primarily impacted by its financial performance, which shows strong revenue growth but is overshadowed by persistent losses and liquidity concerns. Technical analysis provides some positive momentum, but poor valuation due to negative earnings significantly affects the score. The absence of earnings call data and corporate events limits additional insights.

Kalray SA Business Overview & Revenue Model

Company Description

Kalray S.A., a fabless semiconductor company, provides processors and acceleration cards in France. The company's products include MPPA processor for various data transfers; Kalray Flashbox, a disaggregated NVMe storage array to use the potential of NVMe flash devices; acceleration cards; and an intelligent data processor for managing multiple workloads in parallel with no bottlenecks under the Coolidge brand. It also offers MPPA-DEV4 platform; and a software to develop, debug, and optimize applications under the AccessCore brand name. The company serves modern data centers, 5G, AI and edge computing, autonomous vehicles, and other sectors. Kalray S.A. was founded in 2008 and is headquartered in Montbonnot Saint Martin, France.

How the Company Makes Money

Kalray SA generates revenue through the sale of its proprietary microprocessors and related hardware solutions to businesses in data-intensive industries. The company also licenses its technology to third-party manufacturers and service providers, allowing them to integrate Kalray's advanced processing capabilities into their products. Additionally, Kalray collaborates with strategic partners and engages in joint development projects, which can provide additional streams of revenue through shared innovations and co-developed solutions. The company's earnings are significantly influenced by its ability to maintain and expand its partnerships with major players in the tech and automotive sectors, as well as its ongoing investment in research and development to stay ahead of technological advancements.

Kalray SA Financial Statement Overview

Summary

Kalray SA exhibits strong revenue growth, but persistent losses and negative margins signal operational inefficiencies. The balance sheet shows increasing leverage, which could constrain future financial flexibility. Cash flow challenges further highlight liquidity concerns, emphasizing the need for strategic improvements in cost control and cash management to enhance financial health.

Income Statement

Kalray SA shows significant revenue growth over the years, with a notable increase from 2019 to 2023. However, the company consistently reports negative net income, gross profit, and EBIT, indicating operational challenges and inefficiencies in cost management. The negative gross profit margin suggests that production costs exceed revenues, which is a critical area of concern for profitability.

Balance Sheet

The company's balance sheet reveals a moderate debt-to-equity ratio, which has increased in recent years, indicating a reliance on debt financing. Stockholders' equity has declined, reflecting the impact of ongoing losses. The equity ratio remains stable, suggesting a balanced asset structure, but the increasing liabilities pose a risk to financial stability.

Cash Flow

Kalray SA's cash flow statement highlights negative free cash flow and operating cash flow, which could pressure liquidity. The free cash flow to net income ratio is unfavorable, reflecting cash management issues. Despite securing financing, the company struggles to generate positive cash flow from operations, which is concerning for long-term sustainability.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	24.82M	25.83M	16.41M	1.45M	1.03M
Gross Profit	-33.87M	29.66M	-17.15M	-18.44M	-14.24M
EBITDA	-6.37M	-858.00K	-2.69M	-5.82M	-5.98M
Net Income	-23.27M	-11.69M	-15.55M	-15.12M	-11.82M
Balance Sheet
Total Assets	88.14M	80.52M	88.05M	43.28M	47.50M
Cash, Cash Equivalents and Short-Term Investments	1.70M	13.21M	32.20M	12.22M	20.24M
Total Debt	12.98M	3.27M	6.67M	11.61M	11.84M
Total Liabilities	53.51M	23.87M	34.03M	17.62M	18.97M
Stockholders Equity	34.63M	56.65M	51.27M	25.63M	28.43M
Cash Flow
Free Cash Flow	-9.44M	-22.70M	-16.54M	-20.74M	-16.15M
Operating Cash Flow	-1.03M	-2.15M	-1.72M	-7.06M	-5.62M
Investing Cash Flow	-20.05M	-16.51M	-15.88M	-12.12M	-9.43M
Financing Cash Flow	9.29M	-484.00K	37.98M	11.17M	19.57M

Kalray SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.73
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALKAL, the sentiment is Positive. The current price of 0.73 is above the 20-day moving average (MA) of 0.58, above the 50-day MA of 0.60, and above the 200-day MA of 0.65, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 64.23 is Neutral, neither overbought nor oversold. The STOCH value of 60.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:ALKAL.

Kalray SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALHYP	64 Neutral	63.14M	45.79	19.28%	―	9.77%	-86.18%
XFAB	62 Neutral	858.90M	30.65	6.02%	―	-9.34%	-75.43%
SOI	60 Neutral	1.26B	13.63	5.77%	―	-8.90%	-48.52%
ALKAL	51 Neutral	€9.42M	―		―	-3.78%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%