Crossroads: Fiscal 2Q10 Financial Results
Revenues up, net loss down
This is a Press Release edited by StorageNewsletter.com on June 4, 2010 at 3:19 pm| (in US$ millions) | 2Q09 | 2Q10 | 6 mo. 09 |
6 mo. 10 |
| Revenues | 3.7 | 5.0 | 7.0 | 7.8 |
| Growth | 35% | 11% | ||
| Net income (loss) | (1.5) | (0.4) | (4.0) | (2.5) |
Crossroads Systems, Inc. announced results for its fiscal second quarter ended April 30, 2010 (Q2’10).
Revenue totaled $5.0 million for Q2’10 compared to $2.7 million in the fiscal first quarter ended January 31, 2010 (Q1’10).
Product revenue totaled $941,000 for Q2’10 compared to $1.1 million for Q1’10.
Revenue from IP license, royalty and other totaled $4.1 million for Q2’10 compared to $1.6 million for Q1’10.
Gross profit was $4.0 million, or 79 percent for Q2’10, compared to $2.5 million, or 91 percent for Q1’10.
Net loss for Q2’10 was $393,000, or $0.01 cent loss per share, compared to a net loss of $2.1 million, or $0.07 cents loss per share in Q1’10.
Crossroads Q2 earnings release conference call for 2010 (you need to register)
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