5 October 2023

Filing: UK chip startup Graphcore says it needs funds to continue as a "going concern" after 2022 revenue fell 46% and pretax losses grew 11% YoY to $204.6M (Jamie Nimmo/Bloomberg)

Jamie Nimmo / Bloomberg:
Filing: UK chip startup Graphcore says it needs funds to continue as a “going concern” after 2022 revenue fell 46% and pretax losses grew 11% YoY to $204.6M  —  - Revenue fell 46% and the company cut staff and closed offices  — Chipmaker must raise money to continue as ‘going concern’

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