• 07/27/2007
    7:26 PM
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Isilon's Losses Roll On

Vendor struggles on, forcing execs to push back the target date for profitability
Clustering specialist Isilon's losses continued in its second quarter results last night, as the vendor wrestles with deal slippage and training its sales staff to sell its products. (See Isilon Announces Q2 Results.)

Isilon recorded a net loss of $3.6 million, or 6 cents a share, compared to a net loss of $5.5 million, or 89 cents per share, in the same quarter last year.

On a non-GAAP basis, Isilon's net loss was $2.6 million, or 4 cents per share, in line with analyst estimates, compared with $4.6 million and 10 cents in the year-ago quarter.

Isilon's revenues for the second quarter were $25.1 million, up 87 percent from $13.4 million in the second quarter of last year, although just below analyst estimates of $26.36 million.

In trading today, shares of Isilon plunged $5.08 (34.07%) to $9.83.

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