In other words, 1Q 2016 would only include two months of reduced operating costs. The key statement in this segment of the earnings release is "We have removed more than $3.5M in annual operating costs, with the full effect of these reductions beginning in June 2015." This would suggest that fiscal 2Q 2016 could be an improvement over 1Q 2016 since 1Q ended on July 30, 2015. ![]() In addition, based on Dataram's reputation as a reliable provider to the energy sector, the company won a strategic opportunity at a leading oil and gas producer in the U.S.A., where third-party memory had not been previously considered." With fully customizable and flexible memory hardware and services solution, this customer realized an estimated savings of $300-$500K on an anticipated spend of $1.5M. This customer is a world leader in 3G, 4G and next-generation wireless technologies. Dataram acquired a new strategic customer in the digital communications industry. "Dataram has had several recent successes which have reaffirmed its efforts and improved its market position. With the business re-aligned, we are turning our focus to profitably and growing the business - both organically and inorganically - to drive the next stage of Dataram's evolution." We are also recognizing advances in sales activity. We have removed more than $3.5M in annual operating costs, with the full effect of these reductions beginning in June 2015. They have also afforded us optimum strategic flexibility. These efforts have resulted in quantifiable bottom line improvements a leaner, more flexible workforce, who can better respond to market and customer needs and a strategy designed to facilitate partnerships and development of M&A strategies. "In the last eight months, we made many difficult and necessary decisions to ensure the Company remained viable and relevant. The projected results for Fiscal 2016 are also significantly better that the company's financial results the previous three years when the company lost a cumulative $13M.ĬEO Moylan gave the following hints for improved financial results in the company's Augfiscal 4Q and FY 2015 earnings release: Dataram is expected to report fiscal 1Q 2016 on or before September 14, 2015. Reporting a breakeven fiscal 1Q 2016 would be a significant improvement over the average $1M/quarter loss of the last three years. In Q1 FY2016, the Company projects gross, operating revenues of between $7.2 to $7.4 million, and operating results between break-even and a net loss of $50,000." ![]() For FY 2016, the Company projects gross, operating revenues of between $28.0 to $34.0 million, and operating result between a net loss of $100,000 and net operating profit of $250,000, in each case exclusive of the impact of one-time charges and events. "Dataram is also issuing the following guidance for both FY2016 and Q1 FY2016. Here is the guidance given by new CEO David Moylan: I've followed Dataram on and off over the years but I don't recall them ever providing specific quarterly and yearly guidance. On August 10, 2015, Dataram surprised me by issuing a strong guidance for fiscal 1Q 2016 and FY 2016. ![]() Despite being one of the pioneers in the memory business, Dataram has lagged far behind most companies in the sector, but it has shown a great ability to survive numerous challenges over the years, including the last global recession. Additionally, Dataram develops, manufactures and markets a line of software caching products under the brand name AMD Ramdisk.ĭataram has been around since 1967 and claims to sells its products to over 70 Fortune 100 firms. It also manufactures a line of memory products for Intel Corporation (Intel) and Advanced Micro Devices Inc. It provides customized memory solutions for original equipment manufacturers (OEMs) and compatible memory for brands, including Dell, Hewlett-Packard Company (NYSE: HP), International Business Machines Corp. Dataram Corporation ( DRAM) is a developer, manufacturer and marketer of memory products used in servers and workstations.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |