topstockalerts
ChronoScale announced an expanded agreement with an existing customer and a new customer contract that, together with its current contracts and deployment schedule, are expected to support a $1 billion annualized revenue run rate by Q3 2027.
The Menlo Park-based accelerated computing and AI infrastructure provider said the agreements include an extension with an existing AI infrastructure customer and a new customer deal. ChronoScale cautioned that achieving the contracted revenue depends on timely infrastructure deployment, power and equipment availability, and access to capital on acceptable terms.
CEO Cenly Chen said the agreements, combined with existing contracts and the current deployment schedule, provide visibility toward a $1 billion annualized revenue run rate during 2027.
The company also completed the sale of its Ekso Bionics business, allowing it to focus operations and capital allocation on accelerated computing and AI infrastructure.
$CHRN
5