AUSTIN, Texas -- Crossroads Systems, Inc. (OTC Pink Sheets: CRDS.PK), a leading provider of business information assurance solutions for secure storage and data protection, today announced results for its fiscal third quarter ended July 31, 2007 (Q307).
Revenue totaled $4.6 million for Q307 compared to $4.9 million in the fiscal second quarter ended April 30, 2007 (Q207). Product revenue totaled $2.4 million for Q307 compared to $1.9 million for Q207. In addition, revenue from IP license, royalty and other totaled $2.1 million for Q307 compared to $3.0 million for Q207. Gross profit was $3.5 million, or 76 percent for Q307, compared to $4.2 million, or 84 percent for Q207. Net loss for Q307 was $3.3 million, or $0.12 cents loss per share, compared to a net loss of $2.3 million, or $0.08 cents loss per share in Q207.
During the quarter, Crossroads acquired Grau Data Storages well-known FileManager Agent, the companys leading Hierarchical Storage Management system.
Crossroads Systems Inc.