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November 4, 2010

Dot Hill Q3 revenue decreases to $62m

Operating loss increased to $1.3m for Q3 2010

By CBR Staff Writer

Dot Hill has reported net revenue of $62m for the third quarter of 2010, a marginal decrease of 3.1% compared to $64m for the same period last year.

The company posted an operating loss of $1.3m for the third quarter of 2010, compared to an operating loss of $1.2m for the same period last year.

For the third quarter ended 30 September 2010, the company posted net loss of $1.3m, compared to a net loss of $1.1m for the period a year ago.

Net loss per diluted share remained flat at $0.02 for Q3 2010.

Dot Hill president and CEO Dana Kammersgard said he is pleased to report that they achieved non-GAAP operating profit in the third quarter.

"Delivering profitability is an important event for us and a goal that we have been working towards for a long time," Kammersgard said.

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"While we have a lot of work ahead of us, we believe that our Q3 results demonstrate the viability of our strategy and represent the potential for a new beginning for Dot Hill."

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